MEMORIAL HEALTH PARTNERS FOUNDATION INC (EIN 030417049) - Form 990 Financial Analysis & Trantor Score

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

2002

Legal Domicile

Principal Officer

MARIJKA GREY

Phone

4234958491

Tax Period

2024-07-01 to 2025-06-30

MEMORIAL HEALTH PARTNERS FOUNDATION INC, founded in 2002, is a major nonprofit that reported $171.1M in total revenue in fiscal year 2024. Revenue surged 26% from the prior year, signaling strong growth momentum. Expenses of $200.8M exceeded revenue, resulting in a 17% operating deficit.

Mission

TO OWN AND OPERATE PHYSICIAN CLINICS AND ENGAGE IN ACTIVITIES DESIGNED TO PROMOTE THE HEALTHCARE NEEDS OF THE COMMUNITY, INCLUDING THE PROVISION OF HEALTH SERVICES BY PHYSICIANS.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $485,625

Program Service Revenue $170,228,175

Investment Income $0

Other Revenue $358,988

TOTAL REVENUE $171,072,788

Expense Breakdown

Grants Paid $50,000

Salaries & Benefits $146,296,581

Fundraising Expenses $0

Program Expenses $174,899,552

Other Expenses $54,495,923

TOTAL EXPENSES $200,842,504

Year-over-Year Comparison

	2024	2023	Change
Revenue	$171,072,788	$135,364,348	+0.3%
Expenses	$200,842,504	$163,461,292	+0.2%
Net Income	$-29,769,716	$-28,096,944	+0.1%

Key Indicators

✓ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

N/A

Employees

442

Volunteers

N/A

Governance Policies

✓ Conflict of Interest Policy

✓ Whistleblower Policy

✗ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School

✗ Operated a Hospital

✗ Provided First Class Travel

✗ Reported Conflict of Interest

✗ Reported Asset Diversion

✗ Excess Benefit Transaction

✗ Made Political Expenditures

✗ Engaged in Lobbying

✗ Operated Donor Advised Fund

✗ Maintained Art Collections

✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers

$2,334,646

Total Directors

$7,734,801

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
LARRY SCHUMACHER	FORMER OFFICER	2.00		$0	$10,402	$2,514,435
DAVID FOSTER MD	BOARD MEMBER/ SYSTEM VP PE OPS	1.00	Director	$0	$155,064	$1,634,567
MAYSHAN GHIASSI MD	PHYSICIAN/NEUROSURGEON	50.00	Highest	$1,139,883	$53,295	$1,523,798
TROY HAMMETT	FORMER OFFICER	0.00		$0	$58,742	$1,429,897
JEFFREY MULLINS MD	PHYSICIAN	50.00	Highest	$1,260,563	$46,903	$1,335,248
RANJITH BABU MD	NEUROSURGEON	50.00	Highest	$827,150	$47,907	$1,277,011
KRISHNENDU BHADRA MD	PHYSICIAN	50.00	Highest	$1,221,149	$44,538	$1,265,687
JANELLE REILLY	MARKET CEO	2.00	Officer Director	$0	$67,400	$1,145,678
JR JAMES HEADRICK MD	THORACIC SURGEON PRIMARY	50.00	Highest	$1,014,724	$46,382	$1,061,106
DEREK CROUTHERS MD	BOARD MEMBER/PHYSICIAN	50.00	Director	$753,532	$28,401	$781,933
DANIEL HEITHOLD MD	BOARD MEMBER/PHYSICIAN	50.00	Director	$573,493	$43,382	$616,875
RACHEL LABOVITZ MD	BOARD MEMBER/PHYSICIAN INTERNAL MED GENERAL	50.00	Director	$504,758	$49,283	$554,041
MAELOR HUGHES	PRESIDENT	20.00	Officer Director	$0	$13,262	$480,040
LEE JACKSON MD	BOARD MEMBER/MKT CHIEF MEDICAL OFFICER	50.00	Director	$0	$59,454	$473,671
MICHAEL DANT MD	FORMER OFFICER	0.00		$396,639	$41,308	$437,947
TONIA COX MD	BOARD MEMBER/PHYSICIAN	50.00	Director	$377,629	$58,553	$436,182
HANY NAGGAR MD	CHAIR/PHYSICIAN	50.00	Officer Director	$360,489	$61,231	$421,720
ANDREW MCGILL	BOARD MEMBER/VP	2.00	Director	$0	$39,610	$418,981
MICHAEL SUTTON	FORMER OFFICER	0.00		$0	$34,129	$379,636
NATALIE BRAGGS MD	BOARD MEMBER/PHYSICIAN	50.00	Director	$316,930	$17,360	$334,290
JOHN REDDING MD	BOARD MEMBER/SVP PE	1.00	Director	$0	$35,206	$290,007
CRAIG NIELSEN	MARKET VP FINANCE	0.00	Officer	$0	$41,109	$287,208
FRANKLIN BAKER PA	BOARD MEMBER/PA	50.00	Director	$119,990	$26,826	$146,816

Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year	Revenue	Expenses	Assets	Net Income
2025	$171,072,788	$200,842,504	$69,702,326	$-29,769,716
2024	$135,364,348	$163,461,292	$76,210,654	$-28,096,944
2023	$121,592,040	$150,208,487	$46,492,019	$-28,616,447
2022	$111,915,603	$143,955,908	$38,284,870	$-32,040,305
2021	$106,834,470	$137,763,039	$34,336,235	$-30,928,569
2020	$98,014,094	$128,063,961	$35,079,934	$-30,049,867
2019	$94,823,415	$119,886,270	$19,019,847	$-25,062,855
2018	$86,498,950	$107,342,675	$20,995,168	$-20,843,725

MEMORIAL HEALTH PARTNERS FOUNDATION INC