KNOX COMMUNITY 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

1977

Legal Domicile

Principal Officer

BRUCE D WHITE

Phone

7403939623

Tax Period

2023-01-01 to 2023-12-31

KNOX COMMUNITY HOSPITAL, founded in 1977, is a major nonprofit in the Health Care sector that reported $235.8M in total revenue in fiscal year 2023. Revenue grew 11% year-over-year, indicating healthy expansion.

Mission

THE MISSION OF KNOX COMMUNITY HOSPITAL IS TO PROVIDE COMPASSIONATE HEALTHCARE SERVICE THAT EXCEEDS THE EXPECTATIONS OF OUR COMMUNITY. AS THE ONLY HOSPITAL IN KNOX COUNTY, WE OFFER A WIDE SPECTRUM OF HEALTHCARE SERVICES TO EVERY PERSON WHO NEEDS US, REGARDLESS OF THEIR ABILITY TO PAY.

Program Service Accomplishments

Program 1

Expenses: $178,578,120 Revenue: $223,024,758

OUR ASSISTANCE TO OUR COMMUNITY GOES BEYOND OFFERING PRIMARY SERVICES AND IMPACTS OUR COMMUNITY'S HEALTH AND QUALITY OF LIFE. KNOX COMMUNITY HOSPITAL IS AN ACUTE CARE HOSPITAL SERVING KNOX COUNTY IN OHIO AND SURROUNDING AREAS. THE HOSPITAL OFFERS A WIDE SPECTRUM OF HEALTHCARE SERVICES INCLUDING INPATIENT AND OUTPATIENT HEALTH CARE. FOR 2023, THE HOSPITAL HAD 3,346 INPATIENT ADMISSIONS, 24,776 ER VISITS, 155,485 OUTPATIENT VISITS, 80,612 RADIOLOGY PROCEDURES, AND 5,837 INPATIENTS & OUTPATIENT SURGERIES (INCLUDING ENDOSCOPIES). DURING 2023, THE HOSPITAL HAD 57 EMPLOYED PHYSICIANS WITH 172,153 OFFICE CLINIC VISITS. IN 2023, KNOX COMMUNITY HOSPITAL PROVIDED A BROAD ARRAY OF HEALTH EDUCATION AND AWARENESS RESOURCES AS WELL AS PREVENTION INFORMATION AND SERVICES/SCREENINGS FREE OF CHARGE TO SUPPORT THE HEALTH AND WELLBEING OF THE KNOX AREA COMMUNITY. COMMUNITY EVENTS HAVE INCREASED WITHIN THE LAST YEAR AS MANY NON-PROFIT ORGANIZATIONS ARE HOLDING FIRST-TIME EVENTS, OR RETURNING EVENTS THEY HAD CEASED DURING COVID. KCH WAS ABLE TO PROVIDE PROGRAMS AND SERVICES FOR THE COMMUNITY BENEFIT THROUGH A NUMBER OF DIFFERENT METHODS.

Program 2

VOLUNTEERS REMAINED ACTIVE IN SPECIFIC AREAS OF THE HOSPITAL, PROVIDING NEEDED SERVICES SUCH ASSISTING VISITORS AT THE FRONT DESKS OF THE HOSPITAL'S THREE MAIN BUILDINGS, ASSISTING PATIENTS IN...

VOLUNTEERS REMAINED ACTIVE IN SPECIFIC AREAS OF THE HOSPITAL, PROVIDING NEEDED SERVICES SUCH ASSISTING VISITORS AT THE FRONT DESKS OF THE HOSPITAL'S THREE MAIN BUILDINGS, ASSISTING PATIENTS IN SURGERY WAITING, MANAGING THE TWO GIFT SHOPS AND ASSISTING IN THE CENTER FOR CANCER CARE. FUNDS RAISED THROUGH THE GIFT SHOPS PROVIDE HEALTH CARE SCHOLARSHIPS TO LOCAL STUDENTS. A TOTAL OF 53 VOLUNTEERS SERVED 7,616 HOURS DURING THE YEAR.

Program 3

KCH HAS STRONG PARTNERSHIPS WITH THE NURSING SCHOOLS IN THE AREA COLLEGES/UNIVERSITIES, AND TOWARD THAT END, PROVIDED CLINICAL SUPERVISION AND PRECEPTING FOR STUDENTS. THE TOTAL NUMBER OF STUDENTS' CLINICAL HOURS IN 2023 WAS 5,139, WITH ADDITIONAL 1,390 HOURS OF JOB SHADOWING, AS WELL. SINCE KCH IS THE ONLY HOSPITAL IN THE COUNTY, THIS IS CRITICAL TO HELP SUPPORT THESE STUDENTS' GOALS AND TO HELP MEET THE SHORTAGE OF NURSING STAFF THAT IS EVIDENT BOTH LOCALLY AND ACROSS THE COUNTRY.

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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 $5,677,313

Program Service Revenue $219,643,670

Investment Income $5,969,338

Other Revenue $4,528,341

TOTAL REVENUE $235,818,662

Expense Breakdown

Grants Paid $9,000

Salaries & Benefits $135,956,849

Fundraising Expenses $0

Program Expenses $178,578,120

Other Expenses $98,245,664

TOTAL EXPENSES $234,211,513

Year-over-Year Comparison

	2023	2022	Change
Revenue	$235,818,662	$211,616,390	+0.1%
Expenses	$234,211,513	$229,064,544	+0.0%
Net Income	$1,607,149	$-17,448,154	-1.1%

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

1678

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

$1,493,216

Total Directors

$1,839,568

Key Employees

$241,997

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
SAM BARONE	PRESIDENT	5.00	Officer Director	$0	$0	$0
MARC ODENWELLER	VICE PRESIDENT	2.00	Officer Director	$0	$0	$0
IAN WATSON	TREASURER	2.00	Officer Director	$0	$0	$0
MARK RAMSER	SECRETARY	2.00	Officer Director	$0	$0	$0
JEFFERY BOUCHER	TRUSTEE	1.50	Director	$0	$0	$0
CHARLES BRENNEMAN	TRUSTEE	1.50	Director	$0	$0	$0
CHERI BUTCHER	TRUSTEE	1.50	Director	$0	$0	$0
BARRY S GEORGE MD	TRUSTEE/CARDIOLOGIST	40.00	Director	$942,975	$63,058	$1,006,033
JUDY GREGG	TRUSTEE	1.50	Director	$0	$0	$0
KOREY KIDWELL	TRUSTEE	1.50	Director	$0	$0	$0
AMY D MURNEN MD	TRUSTEE/FAMILY MEDICINE	40.00	Director	$240,079	$35,271	$275,350
VICKIE SANT	TRUSTEE	1.50	Director	$0	$0	$0
CHRISTOPHER E SMITH	TRUSTEE	1.50	Director	$0	$0	$0
MICHAEL SULLIVAN MD	TRUSTEE/OBGYN	40.00	Director	$521,591	$36,594	$558,185
JAN THOMAS	TRUSTEE	1.50	Director	$0	$0	$0
JULIE MILLER	TRUSTEE PARTIAL TERM	1.50	Director	$0	$0	$0
BRUCE WHITE	CEO	40.00	Officer	$532,340	$137,344	$669,684
MICHAEL AMBROSIANI	CFO	40.00	Officer	$327,318	$84,448	$411,766
BRUCE BEHNER	COO	40.00	Officer	$327,318	$84,448	$411,766
CAROL N EMERY	CHIEF NURSING OFFICER	40.00	Key Emp	$219,570	$22,427	$241,997
GREGORY CUSH	ORTHOPAEDIC SURGEON	40.00	Highest	$1,206,203	$63,260	$1,269,463
JARRETT B HELMING	ORTHOPAEDIC SURGEON	40.00	Highest	$1,076,180	$63,260	$1,139,440
ALIX TERCIUS	CARDIOLOGIST	40.00	Highest	$964,639	$62,115	$1,026,754
KENNETH H DOOLITTLE II	ORTHOPAEDIC SURGEON	40.00	Highest	$875,757	$43,731	$919,488
GANGARAM RASA	CARDIOLOGIST	40.00	Highest	$901,281	$43,530	$944,811

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	$235,818,662	$234,211,513	$265,134,406	$1,607,149
2022	$211,616,390	$229,064,544	$260,687,581	$-17,448,154
2021	$233,903,457	$217,702,796	$310,076,124	$16,200,661
2020	$197,573,253	$188,078,015	$292,790,253	$9,495,238
2019	$189,290,752	$174,388,774	$241,963,902	$14,901,978
2018	$176,455,209	$163,904,001	$197,998,617	$12,551,208