MEMORIAL MEDICAL CENTER INC (EIN 237013497) - 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

1968

Legal Domicile

Principal Officer

LUKE BEIRL

Phone

7156855515

Tax Period

2023-10-01 to 2024-09-30

MEMORIAL MEDICAL CENTER INC, founded in 1968, is a major nonprofit in the Health Care sector that reported $164.7M in total revenue in fiscal year 2023. Expenses of $154.0M left a modest 6% surplus.

Mission

INPATIENT AND OUTPATIENT MEDICAL SERVICES.

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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 $121,972

Program Service Revenue $159,813,952

Investment Income $4,027,706

Other Revenue $753,710

TOTAL REVENUE $164,717,340

Expense Breakdown

Grants Paid $174,184

Salaries & Benefits $71,086,620

Fundraising Expenses $0

Program Expenses $135,913,752

Other Expenses $82,776,715

TOTAL EXPENSES $154,037,519

Year-over-Year Comparison

	2023	2022	Change
Revenue	$164,717,340	$155,117,035	+0.1%
Expenses	$154,037,519	$142,405,477	+0.1%
Net Income	$10,679,821	$12,711,558	-0.2%

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

715

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

$1,759,523

Total Directors

$1,877,189

Key Employees

$384,883

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JASON DOUGLAS	FORMER PRESIDENT/CEO - MMC	37.00	Officer Director	$697,887	$61,557	$759,444
MANDEEP SINGH	PSYCHIATRIST/MEDICAL STAFF PRESIDENT	40.00	Director	$553,071	$60,819	$613,890
MATTHEW ANICH	BOARD MEMBER	1.00	Director	$0	$0	$0
THOMAS CUNNINGHAM MD	BOARD MEMBER	1.00	Director	$1,252	$0	$1,252
KAREN HANSEN	BOARD MEMBER/FORMER COO	5.00	Director	$0	$0	$0
ROBERT HOULE	BOARD MEMBER	1.00	Director	$0	$0	$0
DANI MIKULA	BOARD MEMBER	1.00	Director	$0	$0	$0
PATRICIA SCHRAUFNAGEL	BOARD MEMBER	1.00	Director	$0	$0	$0
RICHARD SETZKE	BOARD MEMBER	1.00	Director	$0	$0	$0
AISTIS TUMAS MD	BOARD MEMBER	1.00	Director	$0	$0	$0
PEGGY VAN HOLLEN-KMAN	BOARD MEMBER	1.00	Director	$0	$0	$0
TYLER WICKMAN	BOARD MEMBER	1.00	Director	$0	$0	$0
TAYLOR PEARSON	SECRETARY	1.00	Officer Director	$0	$0	$0
THOMAS JOKINEN	TREASURER	1.00	Officer Director	$0	$0	$0
JOHN SMYLIE	VICE CHAIR	1.00	Officer Director	$0	$0	$0
CHRISTINE IVERSON	CHAIR	1.00	Officer Director	$0	$0	$0
LUKE BEIRL	INTERIM PRES/CEO - MMC/CEO - MSI	24.00	Officer Director	$0	$71,159	$502,603
KENT DUMONSEAU	VICE PRESIDENT/CFO - REI	1.00	Officer	$0	$60,058	$497,476
JESSICA NUUTINEN	CHIEF OPERATING OFFICER	38.00	Key Emp	$335,292	$49,591	$384,883
JUSTIN CUMMINS	PHYSICIAN	40.00	Highest	$1,486,002	$56,914	$1,542,916
MATTHEW BETTENDORF	PHYSICIAN	32.00	Highest	$642,213	$60,819	$703,032
DAN METCALF	PHYSICIAN	32.00	Highest	$643,405	$61,557	$704,962
SAM KUCHINKA	PHYSICIAN	40.00	Highest	$636,103	$64,409	$700,512
JOHN WATKINS	PHYSICIAN	36.00	Highest	$1,013,566	$58,069	$1,071,635

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	$164,717,340	$154,037,519	$274,488,709	$10,679,821
2023	$155,117,035	$142,405,477	$250,093,039	$12,711,558
2022	$147,949,211	$130,199,652	$223,847,463	$17,749,559
2021	$133,428,773	$116,367,756	$231,947,823	$17,061,017
2020	$111,327,895	$101,628,511	$199,460,507	$9,699,384
2019	$104,882,429	$96,422,587	$156,143,535	$8,459,842
2018	$87,301,957	$78,362,817	$148,252,124	$8,939,140

MEMORIAL MEDICAL CENTER INC