Margaretville Memorial Hospital (EIN 150552726) - 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

1930

Legal Domicile

Phone

8459436084

Tax Period

2023-01-01 to 2023-12-31

Margaretville Memorial Hospital, founded in 1930, is a mid-sized nonprofit in the Health Care sector that reported $16.5M in total revenue in fiscal year 2023. Expenses of $18.5M exceeded revenue, resulting in a 12% operating deficit.

Mission

TO OPERATE A CRITICAL ACCESS HOSPITAL FOR QUALITY MEDICAL CARE AND DIAGNOSTIC SERVICES TO MEDICALLY UNDERSERVED COMMUNITIES IN THE AREA.

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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 $1,431,340

Program Service Revenue $13,581,296

Investment Income $3,397

Other Revenue $1,528,728

TOTAL REVENUE $16,544,761

Expense Breakdown

Grants Paid $0

Salaries & Benefits $9,875,522

Fundraising Expenses $0

Program Expenses $13,670,760

Other Expenses $8,653,734

TOTAL EXPENSES $18,529,256

Year-over-Year Comparison

	2023	2022	Change
Revenue	$16,544,761	$15,749,636	+0.1%
Expenses	$18,529,256	$17,583,306	+0.1%
Net Income	$-1,984,495	$-1,833,670	+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

Employees

128

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

$1,733,526

Total Directors

$2,707,627

Key Employees

$885,188

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
N/A	EXECUTIVE DIRECTOR (resigned 12/23)	29.7	Officer Director	$0	$60,692	$291,072
N/A	CEO	1.0	Officer Director	$0	$80,777	$1,259,034
N/A	BOARD CHAIR	1.0	Director	$0	$0	$0
N/A	TRUSTEE	1.0	Director	$0	$63,744	$520,295
N/A	TRUSTEE (EFF. 3/23)	1.0	Director	$0	$0	$0
N/A	TRUSTEE	1.0	Director	$0	$0	$0
N/A	TRUSTEE	1.0	Director	$0	$0	$0
N/A	TRUSTEE	1.0	Director	$0	$0	$0
N/A	TRUSTEE	1.0	Director	$0	$0	$0
N/A	TRUSTEE	1.0	Director	$0	$0	$0
N/A	VICE CHAIR	1.0	Director	$0	$0	$0
N/A	TRUSTEE	1.0	Director	$0	$0	$0
N/A	TRUSTEE	1.0	Director	$0	$0	$0
N/A	SECRETARY	1.0	Director	$0	$0	$0
N/A	TRUSTEE	1.0	Director	$0	$0	$0
N/A	EXEC DIR/CMO/EX OFFICIO TRUSTEE	2.0	Director	$0	$8,814	$637,226
N/A	TRUSTEE	1.0	Director	$0	$0	$0
N/A	FACILITY ADMINISTRATOR	9.7	Officer	$0	$27,052	$183,420
N/A	COO-NORTHERN REGION	2.0	Key Emp	$0	$31,044	$455,430
N/A	REGIONAL VICE PRESIDENT, NURSE EXECUTIVE	10.0	Key Emp	$0	$67,556	$429,758
N/A	DIRECTOR AMBULATORY SURGERY	40.0	Highest	$127,354	$14,388	$141,742
N/A	EDUCATION COORDINATOR	40.0	Highest	$143,704	$32,733	$176,437
N/A	DEPARTMENT HEAD	40.0	Highest	$132,752	$27,777	$160,529
N/A	LABORATORY TECHNOLOGIST	40.0	Highest	$139,163	$12,202	$151,365
N/A	PHARMACY SUPERVISOR	40.0	Highest	$169,603	$17,031	$186,634

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	No data	No data	No data	No data
2023	$16,544,761	$18,529,256	$6,610,821	$-1,984,495
2022	$15,749,636	$17,583,306	$7,682,051	$-1,833,670
2021	$15,666,335	$17,451,731	$7,505,744	$-1,785,396
2020	$19,031,311	$15,353,011	$7,939,977	$3,678,300
2019	$13,935,274	$15,480,960	$4,988,619	$-1,545,686
2018	$14,305,498	$14,757,376	$5,391,412	$-451,878

Margaretville Memorial Hospital