MIAMI VALLEY 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

1890

Legal Domicile

Principal Officer

CHAD WHELAN MD MHSA FA

Phone

9374999942

Tax Period

2023-01-01 to 2023-12-31

MIAMI VALLEY HOSPITAL, founded in 1890, is a large national nonprofit in the Health Care sector that reported $1.6B in total revenue in fiscal year 2023. Revenue grew 15% year-over-year, indicating healthy expansion. The organization ran a surplus of $303.4M, a strong 20% operating margin.

Mission

WE CARE. WE TEACH. WE INNOVATE. WE SERVE.

Program Service Accomplishments

Program 1

Expenses: $1,220,370,055 Revenue: $1,492,877,748

THE PRIMARY EXEMPT PURPOSE OF MIAMI VALLEY HOSPITAL IS TO PROVIDE COMPREHENSIVE INPATIENT, OUTPATIENT, AND EMERGENCY HEALTH CARE SERVICES TO THE RESIDENTS OF MONTGOMERY AND THE SURROUNDING COUNTIES. THE HOSPITAL FURTHERS ITS TAX-EXEMPT PURPOSE BY PROMOTING THE HEALTH OF THE COMMUNITY IN MANY WAYS. SEE SCHEDULE H FOR MORE INFORMATION.

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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 $2,494,373

Program Service Revenue $1,492,877,748

Investment Income $29,853,412

Other Revenue $26,834,286

TOTAL REVENUE $1,552,059,819

Expense Breakdown

Grants Paid $4,931,048

Salaries & Benefits $458,014,015

Fundraising Expenses $0

Program Expenses $1,220,370,055

Other Expenses $785,726,764

TOTAL EXPENSES $1,248,671,827

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,552,059,819	$1,349,061,261	+0.2%
Expenses	$1,248,671,827	$1,157,771,539	+0.1%
Net Income	$303,387,992	$191,289,722	+0.6%

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

10154

Volunteers

427

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

$1,843,254

Total Directors

$7,164,434

Key Employees

$5,634,405

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BARBARA A JOHNSON	TRUSTEE & PREMIER COO (TO JUNE)	0.50	Director	$0	$627,482	$1,692,066
MICHAEL C RIORDAN	TRUSTEE / PREMIER PRESIDENT & CEO	0.50	Director	$0	$35,711	$1,409,042
JENNIFER J HAULER DO	TRUSTEE & COO (TO APRIL)	39.00	Director	$957,363	$303,885	$1,261,248
TAREK M SABAGH MD	BOARD CHAIR	0.50	Officer Director	$0	$46,767	$732,211
MELANIE M GLOVER MD	TRUSTEE	0.50	Director	$0	$45,050	$586,986
LAKMALI C RANATHUNGA MD	TRUSTEE / VP OPS & CMO-NORTH REGION	40.00	Director	$318,213	$27,407	$554,629
STACEY M LAWSON	TRUSTEE & CHIEF HR OFFICER	40.00	Director	$473,932	$49,285	$523,217
CHAD T WHELAN	PREMIER COO & MVH PRES (FROM AUGUST)	19.50	Officer Director	$0	$9,956	$402,222
MILINDA ZABRAMBA MD	TRUSTEE	0.50	Director	$0	$0	$2,813
KRISTINA M KEAN	BOARD TREASURER / VP FINANCE	38.50	Officer	$356,766	$38,849	$395,615
JENNA M DOWNEY ESQ	BOARD SECRETARY	39.50	Officer	$289,516	$23,690	$313,206
GEOFFREY P WALKER ESQ - SR	SPECIAL ADVISORY COUNSEL/SECRETARY	9.50	Key Emp	$0	$50,389	$990,663
KEITH D BRICKING MD	VP & CHIEF CLINICAL OFFICER	10.00	Key Emp	$0	$116,118	$964,899
MARY M CLANCY	CHIEF DIGITAL & INFORMATION OFFICER	9.50	Key Emp	$0	$59,015	$743,419
J MICHAEL SIMS	SYS VP & CORPORATE CONTROLLER	9.50	Key Emp	$0	$54,727	$714,006
MARY E GARMAN	COO - MVHN (TO MARCH)	40.00	Key Emp	$366,332	$181,320	$547,652
LISA M GOSSETT	VP NURSING/CNO/PATIENT EXP-PH	10.00	Key Emp	$0	$26,242	$472,841
MARQUITA L TURNER	COO - MVH/MVHN/MVHS	40.00	Key Emp	$413,227	$41,300	$454,527
CARA W POWERS	CHIEF LEGAL OFFICER	10.00	Key Emp	$0	$58,871	$414,186
AMANDA K ADKINS-RICCI	SYSTEM VP REVENUE CYCLE	10.00	Key Emp	$0	$24,778	$332,212
MARC R BELCASTRO DO	VP MEDICAL AFFAIRS & PREMIER CMO	40.00	Highest	$786,594	$356,425	$1,143,019
ELOISE P BRONER	CHIEF-SHARED SERVICES	39.50	Highest	$599,835	$293,328	$893,163
GARY G GINTER	VP & PREMIER CHIEF INFO OFFICER	40.00	Highest	$563,645	$263,863	$827,508
ROBERT M BOWMAN	FORMER KEY EMPLOYEE	40.00	Highest	$384,223	$359,954	$744,177
ROBERTO COLON MD FACP	VP MEDICAL AFFAIRS & PREMIER CMO	40.00	Highest	$619,881	$82,922	$702,803
JOANN R RINGER	FORMER OFFICER	39.50		$534,060	$55,822	$589,882
ELAINE LAINIE M DEAN	FORMER KEY EMPLOYEE	40.00		$516,325	$48,793	$565,118
CHRISTIE J GRAY	FORMER KEY EMPLOYEE	40.00		$400,602	$52,612	$453,214
KIMBERLY A HENSLEY	FORMER KEY EMPLOYEE	0.00		$0	$39,745	$404,046
BILLIE L LUCENTE-BAKER	FORMER KEY EMPLOYEE	40.00		$292,774	$37,045	$329,819
MARGARET PEGGY W MARK	FORMER KEY EMPLOYEE	0.00		$142,194	$15,361	$157,555

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	$1,552,059,819	$1,248,671,827	$1,479,547,341	$303,387,992
2022	$1,349,061,261	$1,157,771,539	$1,473,725,146	$191,289,722
2021	$1,362,121,639	$1,070,447,746	$1,694,536,872	$291,673,893
2020	$1,233,582,128	$976,838,089	$1,722,580,582	$256,744,039
2019	$1,204,039,189	$997,849,779	$1,540,725,759	$206,189,410
2018	$966,821,389	$924,586,101	$1,551,078,537	$42,235,288