TITUSVILLE AREA HOSPITAL

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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

1900

Legal Domicile

Principal Officer

LEE M CLINTON

Phone

8148271851

Tax Period

2022-07-01 to 2023-06-30

TITUSVILLE AREA HOSPITAL, founded in 1900, is a mid-sized nonprofit in the Health Care sector that reported $59.0M in total revenue in fiscal year 2022. Expenses of $53.0M left a modest 10% surplus.

Mission

TITUSVILLE AREA HOSPITAL IS COMMITTED TO PROVIDING QUALITY HEALTHCARE SERVICES WITH AN EMPHASIS ON PERSONAL ATTENTION, COMPASSION AND RESPECT.

Program Service Accomplishments

Program 1

Expenses: $48,422,800 Revenue: $57,819,217

TITUSVILLE AREA HOSPITAL IS AN ACUTE CARE, CRITICAL ACCESS RURAL HOSPITAL WITH 647 ADMISSIONS, 3,545 PATIENT DAYS AND 69,934 OUTPATIENT VISITS DURING THE CURRENT FISCAL 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 (2022)

Revenue Breakdown

Contributions & Grants $564,313

Program Service Revenue $57,819,217

Investment Income $6,246

Other Revenue $561,588

TOTAL REVENUE $58,951,364

Expense Breakdown

Grants Paid $0

Salaries & Benefits $27,138,615

Fundraising Expenses $0

Program Expenses $48,422,800

Other Expenses $25,854,188

TOTAL EXPENSES $52,992,803

Year-over-Year Comparison

	2022	2021	Change
Revenue	$58,951,364	$58,514,089	+0.0%
Expenses	$52,992,803	$52,451,524	+0.0%
Net Income	$5,958,561	$6,062,565	0.0%

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

258

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

$731,261

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
LEE CLINTON	CEO/PRESIDENT	35.0	Officer	$396,886	$38,015	$491,600
MICHAEL DVORKIN	PHYSICIAN	40.0	Highest	$419,996	$26,838	$446,834
DWAIN ROGERS	PHYSICIAN	40.0	Highest	$376,446	$28,030	$404,476
CHARLEY GATES	PHYSICIAN	40.0	Highest	$306,114	$3,710	$309,824
MARIA MUNOZ	PHYSICIAN	40.0	Highest	$255,291	$16,414	$271,705
ROSE COLT	PHYSICIAN	40.0	Highest	$233,780	$22,038	$255,818
CORY JACKSON	MMC CONTROLLER/TREASURER	2.0	Officer	$0	$55,326	$239,661
JASON REAGLE	CHAIRMAN	1.0	Officer Director	$0	$0	$0
LARRY FLEDDERMAN	VICE CHAIRMAN	1.0	Officer Director	$0	$0	$0
STEPHEN COLEMAN	SECRETARY	1.0	Officer Director	$0	$0	$0
PATRICIA WALKER	DIRECTOR	1.0	Director	$0	$0	$0
RICHARD CARR	DIRECTOR	1.0	Director	$0	$0	$0
SCOTT MCALLISTER	MEDICAL STAFF PRESIDENT	1.0	Director	$0	$0	$0
JOSEPH CARTER	DIRECTOR	1.0	Director	$0	$0	$0
KEN WINGER	DIRECTOR	1.0	Director	$0	$0	$0
KEN BUTLER	DIRECTOR BEG 10/22	1.0	Director	$0	$0	$0
BRENDA BURNETT	DIRECTOR BEG 10/22	1.0	Director	$0	$0	$0
AMY RUOT	DIRECTOR BEG 10/22	1.0	Director	$0	$0	$0
SHAWN SAMPSON	DIRECTOR BEG 10/22	1.0	Director	$0	$0	$0
MICHAEL THOMSON	DIRECTOR	1.0	Director	$0	$0	$0
NICOLA FISHER	DIRECTOR	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
2025	No data	No data	No data	No data
2024	No data	No data	No data	No data
2023	$58,951,364	$52,992,803	$31,182,210	$5,958,561
2022	$58,514,089	$52,451,524	$26,664,118	$6,062,565
2021	$54,133,545	$49,168,468	$32,246,845	$4,965,077
2020	$43,867,324	$45,348,417	$30,410,868	$-1,481,093
2019	$35,054,742	$33,584,519	$27,810,176	$1,470,223
2018	$30,227,166	$28,834,322	$20,908,346	$1,392,844