Athol Memorial Hospital (EIN 042126583) - 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

1918

Legal Domicile

Principal Officer

Rozanna Penney

Phone

9782493511

Tax Period

2023-10-01 to 2024-09-30

Athol Memorial Hospital, founded in 1918, is a mid-sized nonprofit in the Health Care sector that reported $46.1M in total revenue in fiscal year 2023. Revenue grew 11% year-over-year, indicating healthy expansion. Expenses of $41.3M left a modest 10% surplus.

Mission

Our vision is to be one of the best independent community hospitals in America. Our mission is to be our communities' trusted choice for exceptional patient-centered care.

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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 (2023)

Revenue Breakdown

Contributions & Grants $421,024

Program Service Revenue $45,642,321

Investment Income $6,192

Other Revenue $0

TOTAL REVENUE $46,069,537

Expense Breakdown

Grants Paid $0

Salaries & Benefits $15,156,909

Fundraising Expenses $105,328

Program Expenses $36,607,047

Other Expenses $26,104,886

TOTAL EXPENSES $41,261,795

Year-over-Year Comparison

	2023	2022	Change
Revenue	$46,069,537	$41,420,454	+0.1%
Expenses	$41,261,795	$40,459,944	+0.0%
Net Income	$4,807,742	$960,510	+4.0%

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

Employees

282

Volunteers

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

$770,150

Total Directors

$2,504,543

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Rozanna Penney	President/CEO	0.20	Officer Director	$0	$9,541	$374,784
Robert Chauvin	Chairman	0.20	Officer Director	$0	$0	$0
Roy Lake	Vice Chairman	0.20	Officer Director	$0	$0	$0
JoAnne Parks	Clerk	0.20	Officer Director	$0	$0	$0
Joyce Fletcher	Trustee	0.20	Director	$0	$0	$0
Frank Garofalo	Trustee	0.20	Director	$0	$32,543	$536,249
Glenn Hunt	Trustee	0.20	Director	$0	$0	$0
Thomas Kane	Trustee	0.20	Director	$0	$0	$0
Nicole Moorshead	Trustee	0.20	Director	$0	$0	$0
Craig Napolitano	Trustee	0.20	Director	$0	$31,113	$598,628
Elizabeth Nottleson	Trustee	0.20	Director	$0	$11,600	$354,307
Erin O'Hara	Trustee	0.20	Director	$0	$31,933	$640,575
Michele Parker	Trustee	0.20	Director	$0	$0	$0
Albert Rose	Trustee	0.20	Director	$0	$0	$0
Tina Sbrega	Trustee	0.20	Director	$0	$0	$0
Joel Shaughnessy	Trustee	0.20	Director	$0	$0	$0
John Skrzypczak	Trustee	0.20	Director	$0	$0	$0
David Spackman	Trustee	0.20	Director	$0	$0	$0
Frank Sweeney	Trustee	0.20	Director	$0	$0	$0
Craig Twohey	Trustee	0.20	Director	$0	$0	$0
John Bujak	CFO	0.20	Officer	$0	$18,723	$188,689
Thomas Sullivan	Treasurer/Past CEO & CFO	0.20	Officer	$0	$0	$206,677
Beth Eppel	Senior Director Of Nursing	40.00	Highest	$149,712	$19,121	$168,833
Bethany Maselli	Registered Nurse	40.00	Highest	$139,227	$35,745	$174,972
Kaleigh Maio	Director Of Human Resources	40.00	Highest	$126,676	$41,555	$168,231
Connie Pratt	Registered Nurse	40.00	Highest	$143,014	$12,648	$155,662
Tina Duguay	Project Manager	40.00	Highest	$128,841	$37,187	$166,028
Winfield Brown	Former President/CEO	0.00		$0	$26,970	$552,753

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
2024	$46,069,537	$41,261,795	$25,899,942	$4,807,742
2023	$41,420,454	$40,459,944	$24,761,125	$960,510
2022	$32,122,527	$38,168,146	$25,398,622	$-6,045,619
2021	$40,239,523	$36,223,405	$33,079,219	$4,016,118
2020	$35,479,066	$33,540,007	$36,363,474	$1,939,059
2019	$33,061,044	$32,246,539	$25,329,768	$814,505
2018	$29,047,297	$27,348,596	$23,777,812	$1,698,701

Athol Memorial Hospital