MCCULLOUGH-HYDE MEMORIAL HOSPITAL … - Form 990 Financial Data

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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

1953

Legal Domicile

Principal Officer

MARK CLEMENT

Phone

5135232111

Tax Period

2024-07-01 to 2025-06-30

MCCULLOUGH-HYDE MEMORIAL HOSPITAL INCORPORATED, founded in 1953, is a mid-sized nonprofit in the Health Care sector that reported $57.1M in total revenue in fiscal year 2024. Revenue grew 8% year-over-year, indicating healthy expansion. Expenses of $52.5M left a modest 8% surplus.

Mission

ACUTE CARE HOSPITAL FACILITY DELIVERING QUALITY SERVICES TO OUR PATIENTS AND THE COMMUNITIES WE SERVE.

Program Service Accomplishments

Program 1

Expenses: $45,566,155 Revenue: $55,311,443

THE REPORTABLE INDIVIDUALS OF MCCULLOUGH-HYDE MEMORIAL HOSPITAL, INCORPORATED ARE PAID BY TRIHEALTH, INC., A RELATED ORGANIZATION, RECOGNIZED BY THE INTERNAL REVENUE SERVICE AS EXEMPT FROM FEDERAL...

THE REPORTABLE INDIVIDUALS OF MCCULLOUGH-HYDE MEMORIAL HOSPITAL, INCORPORATED ARE PAID BY TRIHEALTH, INC., A RELATED ORGANIZATION, RECOGNIZED BY THE INTERNAL REVENUE SERVICE AS EXEMPT FROM FEDERAL INCOME TAX UNDER INTERNAL REVENUE CODE SECTION 501(A) AS AN ORGANIZATION DESCRIBED IN INTERNAL REVENUE CODE SECTION 501(C)(3). TRIHEALTH, INC. HAS A STANDARD EMPLOYEE SEVERANCE PACKAGE. GENERAL SEVERANCE PAY IS BASED ON LENGTH OF SERVICE. IN ADDITION, NOTICE PAY, IF APPLICABLE UNDER TRIHEALTH, INC. POLICY, MAY BE ADDED TO THE SEVERANCE PACKAGE AND THE AMOUNT OF NOTICE PAY WILL BE DETERMINED BY HUMAN RESOURCES IN ACCORDANCE WITH TRIHEALTH, INC. POLICY. PAYMENTS OF SEVERANCE ARE CONDITIONED UPON SIGNING A SEPARATION AND RELEASE AGREEMENT. THE FOLLOWING INDIVIDUAL(S) RECEIVED SEVERANCE PAYMENTS FROM TRIHEALTH, INC. DURING THE 2024 CALENDAR YEAR. MICHAEL EVERETT - $293,392

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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 (2024)

Revenue Breakdown

Contributions & Grants $523,368

Program Service Revenue $55,257,015

Investment Income $947,294

Other Revenue $392,549

TOTAL REVENUE $57,120,226

Expense Breakdown

Grants Paid $10,750

Salaries & Benefits $27,130,907

Fundraising Expenses $0

Program Expenses $45,566,155

Other Expenses $25,405,274

TOTAL EXPENSES $52,546,931

Year-over-Year Comparison

	2024	2023	Change
Revenue	$57,120,226	$52,704,886	+0.1%
Expenses	$52,546,931	$50,610,239	+0.0%
Net Income	$4,573,295	$2,094,647	+1.2%

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

N/A

Employees

362

Volunteers

200

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

$2,425,897

Total Directors

$5,944,336

Key Employees

$925,170

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MICHAEL CROFTON	TREASURER	1.00	Officer Director	$0	$82,006	$606,906
STEVE GRACEY	SECRETARY	1.00	Officer Director	$0	$89,778	$849,776
JOHN WARD	CHAIRPERSON	1.00	Officer Director	$0	$87,697	$969,215
BRAD SCHULTZ MD	DIRECTOR	1.00	Director	$0	$66,618	$547,689
STEVE MOMBACH	DIRECTOR	1.00	Director	$0	$69,288	$785,926
HELEN KOSELKA MD	DIRECTOR	1.00	Director	$0	$91,581	$1,014,158
TERRI HANLON-BREMER	TRUSTEE (START 7/24)	1.00	Director	$0	$70,366	$1,170,666
NATHANAEL CHANEY	SR DIR-NURSING & OPERATIONS	60.00	Key Emp	$0	$36,647	$229,383
JEREMIAH KIRKLAND	PRESIDENT-MHMH (END 6/25)	30.00	Key Emp	$0	$109,018	$695,787
NATHAN SIMMONS	DIRECTOR-PHARMACY SERVICES	60.00	Highest	$200,622	$23,491	$224,113
KATHERINE MADDOCK	CHARGE NURSE	60.00	Highest	$145,039	$19,253	$164,292
LYNDSEY BENGAL	NURSE MANAGER	60.00	Highest	$144,870	$37,591	$182,461
JESSICA GOEKE	NURSE MANAGER	60.00	Highest	$165,760	$30,487	$196,247
MELISSA CATANIA	CHARGE NURSE	60.00	Highest	$145,588	$44,399	$189,987
MICHAEL EVERETT	FORMER KEY EMPLOYEE	0.00		$0	$0	$293,392

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	$57,120,226	$52,546,931	$60,494,265	$4,573,295
2024	No data	No data	No data	No data
2023	$47,251,327	$47,421,233	$52,340,280	$-169,906
2022	$52,099,527	$46,694,257	$53,404,520	$5,405,270
2021	$56,906,896	$45,162,721	$53,504,238	$11,744,175
2020	$53,582,123	$55,482,602	$66,420,098	$-1,900,479
2019	$54,737,322	$51,684,729	$60,809,027	$3,052,593
2018	$55,244,398	$52,938,617	$56,041,994	$2,305,781

MCCULLOUGH-HYDE MEMORIAL HOSPITAL INCORPORATED