Commonwealth Health Corporation Inc

EIN: 311118087 501(c)(3) Health Care

Bowling Green, KY

Total Revenue
$195,749,163
Total Expenses
$178,460,479
Total Assets
$204,611,549
Net Assets
$138,067,100
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1984
Legal Domicile
KY
Phone
2707451551
Tax Period
2024-04-01 to 2025-03-31

Commonwealth Health Corporation Inc, founded in 1984, is a major nonprofit in the Health Care sector that reported $195.7M in total revenue in fiscal year 2024. Revenue surged 34% from the prior year, signaling strong growth momentum. Expenses of $178.5M left a modest 9% surplus.

Mission

MED CENTER HEALTH IS AN INTEGRATED HEALTHCARE SYSTEM WITH A MISSION TO CARE FOR PEOPLE AND IMPROVE THE QUALITY OF LIFE IN THE COMMUNITIES WE SERVE.

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $643,179
Program Service Revenue $179,796,449
Investment Income $14,158,436
Other Revenue $1,151,099
TOTAL REVENUE $195,749,163

Expense Breakdown

Grants Paid $894,842
Salaries & Benefits $126,114,770
Fundraising Expenses $0
Program Expenses $150,349,551
Other Expenses $51,450,867
TOTAL EXPENSES $178,460,479

Year-over-Year Comparison

2024 2023 Change
Revenue $195,749,163 $146,139,009 +0.3%
Expenses $178,460,479 $141,569,052 +0.3%
Net Income $17,288,684 $4,569,957 +2.8%
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

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Governance

Voting Members
15
Independent Members
11
Employees
4172
Volunteers
N/A

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
8
$3,601,513
Total Directors
15
$2,865,257
Key Employees
0
$0
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
DR ELI JACKSON SECRETARY 2.0
Officer Director
$2,740 $0 $2,740
MR JOE NATCHER CHAIRMAN 2.0
Officer Director
$2,740 $0 $2,740
MRS CATHY BISHOP VICE CHAIR 2.0
Officer Director
$2,740 $0 $2,740
MS CONNIE D SMITH PRESIDENT / CEO 40.0
Officer Director
$1,353,837 $132,368 $1,486,205
DR GHAYTH HAMMAD DIRECTOR 2.0
Director
$0 $0 $6,299
DR HUGH SIMS DIRECTOR / PHYSICIAN 40.0
Director
$537,160 $40,996 $578,156
DR KAL SAHETYA DIRECTOR 2.0
Director
$32,288 $0 $32,288
DR TRACY CROSS PHYSICIAN 40.0
Director
$688,270 $49,379 $737,649
JUDGE MICHAEL BUCHANON DIRECTOR 2.0
Director
$2,740 $0 $2,740
MR BRAD ODIL DIRECTOR 2.0
Director
$2,740 $0 $2,740
MR GARY BROADY DIRECTOR 2.0
Director
$2,740 $0 $2,740
MR TOMMY HOLDERFIELD DIRECTOR 2.0
Director
$2,740 $0 $2,740
MR TOMMY LOVING DIRECTOR 2.0
Director
$2,740 $0 $2,740
MR TONY WITTY DIRECTOR 2.0
Director
$0 $0 $0
MS BEVERLY BOREN DIRECTOR 2.0
Director
$2,740 $0 $2,740
MR DAVID GRAY EXECUTIVE VICE PRESIDENT 38.0
Officer
$453,850 $49,504 $503,354
MR WADE STONE EXECUTIVE VICE PRESIDENT 38.0
Officer
$465,735 $80,371 $546,106
MS KATRINA WOOD EVP / CHIEF NURSING OFFICER 2.0
Officer
$0 $89,125 $406,156
MS MICHELE W LAWLESS EXECUTIVE VICE PRESIDENT & CFO 38.0
Officer
$540,323 $111,149 $651,472
DR DIEGO CABRERA FERNANDEZ PHYSICIAN 40.0
Highest
$812,227 $46,436 $858,663
DR GEORGE ALSINA PHYSICIAN 40.0
Highest
$1,012,666 $33,539 $1,046,205
DR NARENDRA NATHOO PHYSICIAN 40.0
Highest
$1,370,153 $50,015 $1,420,168
DR PAUL KELSEY PHYSICIAN 40.0
Highest
$596,509 $46,317 $642,826
DR WALLACE CARTER PHYSICIAN 40.0
Highest
$886,021 $76,072 $962,093
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 $195,749,163 $178,460,479 $204,611,549 $17,288,684
2024 $146,139,009 $141,569,052 $168,380,650 $4,569,957
2023 $124,978,176 $123,911,670 $156,059,027 $1,066,506
2022 $131,659,305 $118,837,029 $147,547,590 $12,822,276
2021 $122,447,229 $115,573,142 $137,613,530 $6,874,087
2020 $118,032,477 $114,508,816 $118,129,695 $3,523,661
2019 $108,949,706 $105,002,556 $105,472,534 $3,947,150
2018 $99,473,866 $93,835,104 $68,764,427 $5,638,762
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