PIEDMONT NEWNAN HOSPITAL INC (EIN 205077249) - Form 990 Financial Analysis & Trantor Score

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Tuckman-Chang Vulnerability Assessment

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

2007

Legal Domicile

Principal Officer

Mr Michael Robertson

Phone

6788542470

Tax Period

2022-07-01 to 2023-06-30

PIEDMONT NEWNAN HOSPITAL INC is a 501(c)(3) with EIN 205077249, based in Newnan, GA. Founded in 2007, the organization files IRS Form 990 and reported its most recent data for fiscal year 2022. In that period, it reported $428,483,215 in total revenue and $352,810,365 in total expenses, with net assets of $127,466,324.

Mission

TO PROVIDE COMPASSIONATE AND SUSTAINABLE HEALTHCARE IN A PROGRESSIVE ENVIRONMENT.

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Trantor Score

Financial Health & Payment Capacity Assessment (FICO Scale: 300–850)

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

Financial Overview (2022)

Revenue Breakdown

Contributions & Grants $12,608

Program Service Revenue $426,300,218

Investment Income $-4,059

Other Revenue $2,174,448

TOTAL REVENUE $428,483,215

Expense Breakdown

Grants Paid $89,210

Salaries & Benefits $118,348,011

Fundraising Expenses $0

Program Expenses $324,078,888

Other Expenses $234,373,144

TOTAL EXPENSES $352,810,365

Year-over-Year Comparison

	2022	2021	Change
Revenue	$428,483,215	$404,193,742	+0.1%
Expenses	$352,810,365	$338,191,677	+0.0%
Net Income	$75,672,850	$66,002,065	+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

1568

Volunteers

170

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

$3,695,269

Total Directors

$3,412,982

Key Employees

$852,682

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Ms Elizabeth Leddy	SECRETARY/CLO PHC	1.0	Officer	$0	$138,711	$1,528,196
Mr Thomas Arnold	TREASURER/CFO PHC	1.0	Officer	$0	$130,741	$1,304,185
Dr Eric Mitchell	Board Member	1.0	Director	$0	$39,802	$982,537
Mr Mike Robertson	CEO & Board Member/CHAIR	55.0	Officer Director	$756,056	$106,832	$862,888
Mr Douwe Bergsma	Board Member	1.0	Director	$0	$96,092	$788,046
DR SHANKAR KANDASWAMY	BOARD MEMBER	1.0	Director	$0	$39,505	$779,511
MR ROBERT MILLER	CMO	40.0	Highest	$511,732	$28,070	$539,802
Mr John Miles	CFO	55.0	Key Emp	$483,459	$40,053	$523,512
Ms Vicki Kaiser	COO	55.0	Key Emp	$290,538	$38,632	$329,170
Ms Jennifer Key	CNO	40.0	Highest	$265,651	$23,541	$289,192
Mr David Copelan	DIRECTOR OF PHARMACY	40.0	Highest	$236,171	$33,728	$269,899
MR ANANT MANDAPAKA	MEDICAL PHYSICIST	40.0	Highest	$204,247	$32,969	$237,216
Ms Pamela Murphy	DIRECTOR OF SURGICAL SERVICES	40.0	Highest	$218,980	$16,875	$235,855
Mr Michael McAnder	FORMER TREASURER/CFO PHC	0.0		$0	$0	$150,106
Dr Timothy Wayne Baker	Board Member	1.0	Director	$0	$0	$0
Dr Kay Crosby	Board Member	1.0	Director	$0	$0	$0
Ms Cynthia Jenkins	Board Member	1.0	Director	$0	$0	$0
Dr Diana Santiago	Board Member	1.0	Director	$0	$0	$0
Mr Christopher Stephens	Board Member	1.0	Director	$0	$0	$0
Ms Tonya Whitlock	Board Member	1.0	Director	$0	$0	$0

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	$428,483,215	$352,810,365	$310,816,841	$75,672,850
2022	$404,193,742	$338,191,677	$317,241,652	$66,002,065
2021	$372,452,260	$293,133,202	$237,753,114	$79,319,058
2020	$308,015,206	$268,718,238	$208,705,701	$39,296,968
2019	$280,802,392	$239,547,037	$211,433,037	$41,255,355
2018	$246,352,929	$229,748,582	$198,504,936	$16,604,347

PIEDMONT NEWNAN HOSPITAL INC