BMH INC

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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

2006

Legal Domicile

Principal Officer

JACOB ERICKSON

Phone

2087854100

Tax Period

2023-01-01 to 2023-12-31

BMH INC, founded in 2006, is a major nonprofit in the Health Care sector that reported $179.9M in total revenue in fiscal year 2023.

Mission

BINGHAM MEMORIAL HOSPITAL IS COMMITTED TO THE PURSUIT OF EXCELLENCE IN ITS ENDEAVOR TO PROVIDE A CONTINUUM OF QUALITY, COMPASSIONATE HEALTHCARE SERVICES FOR OUR RESIDENTS AND FOR VISITORS TO BINGHAM COUNTY, IN THE MOST EFFECTIVE AND COST EFFECTIVE MANNER POSSIBLE.

Program Service Accomplishments

Program 1

Expenses: $76,380,091 Revenue: $124,915,329

BMH OPERATES A 25-BED ACUTE CARE CRITICAL ACCESS HOSPITAL (CAH) FACILITY WHICH PROVIDES INPATIENT, OUTPATIENT, EMERGENCY CARE, AND SURGICAL SERVICES FOR RESIDENTS OF BINGHAM COUNTY AND SURROUNDING...

BMH OPERATES A 25-BED ACUTE CARE CRITICAL ACCESS HOSPITAL (CAH) FACILITY WHICH PROVIDES INPATIENT, OUTPATIENT, EMERGENCY CARE, AND SURGICAL SERVICES FOR RESIDENTS OF BINGHAM COUNTY AND SURROUNDING COUNTIES. THE HOSPITAL PROVIDED SERVICES TO 1,288 INPATIENTS, 340 NEWBORN INFANTS, AND 9,947 EMERGENCY ROOM PATIENTS AS WELL AS PERFORMING 11,604 SURGERIES (INPATIENT AND OUTPATIENT) DURING THE YEAR. THE HOSPITAL PROVIDES CARE TO PERSONS COVERED BY GOVERNMENTAL PROGRAMS AT OR BELOW COST AND TO INDIVIDUALS WHO ARE UNABLE TO PAY. THE UNREIMBURSED CHARGES OF PROVIDING CARE TO THESE PATIENTS WAS 1,446,894 FOR CHARITY CARE, 72,867,261 FOR MEDICARE, 46,384,060 FOR MEDICAID, AND 107,492,806 FOR OTHER THIRD PARTY PAYORS FOR THE YEAR ENDED DECEMBER 31, 2023.

Program 2

Expenses: $62,942,249 Revenue: $46,465,790

BMH OPERATES SEVERAL CLINICS EMPLOYING AND CONTRACTING WITH PHYSICIANS TO PROVIDE MEDICAL CARE TO INDIVIDUALS IN THE COMMUNITY AND SERVICE AREA. DURING THE YEAR, THESE PHYSICIANS PROVIDED 216,108...

BMH OPERATES SEVERAL CLINICS EMPLOYING AND CONTRACTING WITH PHYSICIANS TO PROVIDE MEDICAL CARE TO INDIVIDUALS IN THE COMMUNITY AND SERVICE AREA. DURING THE YEAR, THESE PHYSICIANS PROVIDED 216,108 SEPARATE SERVICE ENCOUNTERS FOR INDIVIDUAL PATIENTS.

Program 3

Expenses: $3,063,284 Revenue: $1,042,410

BMH OPERATES A NURSING HOME WHICH AVERAGED 19 RESIDENTS PER DAY RECEIVING INPATIENT SERVICES (EITHER SHORT-TERM OR LONG-TERM SKILLED CARE) DURING THE YEAR.

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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 $1,531,801

Program Service Revenue $172,423,529

Investment Income $1,221,103

Other Revenue $4,763,533

TOTAL REVENUE $179,939,966

Expense Breakdown

Grants Paid $458,513

Salaries & Benefits $99,887,419

Fundraising Expenses $151,027

Program Expenses $142,385,624

Other Expenses $76,199,980

TOTAL EXPENSES $176,545,912

Year-over-Year Comparison

	2023	2022	Change
Revenue	$179,939,966	$178,246,284	+0.0%
Expenses	$176,545,912	$172,429,040	+0.0%
Net Income	$3,394,054	$5,817,244	-0.4%

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

1290

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

$912,797

Total Directors

$1,935,594

Key Employees

$1,049,028

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MICHAEL JONES	PHYSICIAN	40.00	Highest	$1,241,262	$5,160	$1,246,422
DAVID PETERSON	PHYSICIAN	40.00	Highest	$1,217,077	$6,428	$1,223,505
ADAM WRAY	DIRECTOR/PHY	40.00	Director	$1,112,931	$12,213	$1,125,144
STEWART RENDON	PHYSICIAN	40.00	Highest	$1,049,634	$2,639	$1,052,273
CLARK ALLEN	PHYSICIAN	40.00	Highest	$935,011	$3,754	$938,765
RICKY LATHAM	PHYSICIAN	40.00	Highest	$844,844	$8,801	$853,645
DORAN SCHNEIDER	DIRECTOR/CMO	40.00	Director	$805,850	$4,600	$810,450
JACOB ERICKSON	CEO	40.00	Officer	$595,423	$9,928	$605,351
KENNETH NEWHOUSE	CMO-PHY	40.00	Key Emp	$329,007	$4,714	$333,721
RANDALL NIGHTENGALE	CFO	40.00	Officer	$298,034	$9,412	$307,446
DAVID LOWRY	COO-RN	40.00	Key Emp	$248,926	$7,942	$256,868
MARK BAKER	CAO	40.00	Key Emp	$224,373	$6,828	$231,201
HOLLY DAVIS	CNO-RN	40.00	Key Emp	$221,205	$6,033	$227,238
SCOTT REESE	CHAIR	6.00	Officer Director	$0	$0	$0
BILL SPONENBURGH	VICE CHAIR	6.00	Officer Director	$0	$0	$0
CHRISTIAN CANNON	TREASURER/SE	6.00	Officer Director	$0	$0	$0
LUKE JOLLEY	DIRECTOR	6.00	Director	$0	$0	$0
KEVIN KOTTER	DIRECTOR	6.00	Director	$0	$0	$0
KARALEE KREHBIEL	DIRECTOR	6.00	Director	$0	$0	$0
JESSICA LEWIS	DIRECTOR	6.00	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	$179,939,966	$176,545,912	$143,389,227	$3,394,054
2022	$178,246,284	$172,429,040	$143,025,087	$5,817,244
2021	$176,057,600	$163,145,534	$124,026,829	$12,912,066
2020	$159,677,627	$156,194,464	$113,160,733	$3,483,163
2019	$160,964,466	$157,007,136	$104,210,875	$3,957,330
2018	$147,986,558	$146,594,000	$99,557,088	$1,392,558