Hospital Properties Inc (EIN 311206071) - Form 990 Financial Analysis & Trantor Score

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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

1986

Legal Domicile

Phone

6145444052

Tax Period

2024-07-01 to 2025-06-30

Hospital Properties Inc, founded in 1986, is a mid-sized nonprofit that reported $91.0M in total revenue in fiscal year 2024. Expenses of $78.2M left a modest 14% surplus.

Mission

To maintain and manage property for OhioHealth Corporation. The mission of OhioHealth Corporation is to 'Improve the health of those 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%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $120,153

Program Service Revenue $96,948,364

Investment Income $-7,115,898

Other Revenue $1,084,056

TOTAL REVENUE $91,036,675

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $0

Other Expenses $78,181,221

TOTAL EXPENSES $78,181,221

Year-over-Year Comparison

	2024	2023	Change
Revenue	$91,036,675	$89,103,153	+0.0%
Expenses	$78,181,221	$74,643,497	+0.0%
Net Income	$12,855,454	$14,459,656	-0.1%

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

N/A

Employees

N/A

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

$12,572,483

Total Directors

$6,026,273

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Browning Mike P	Sr. VP and CFO/Board	1.0	Officer Director	$0	$53,803	$2,221,626
Hartzell Keith P Esq	Sr. VP General Counsel & Secretary/Board (Start 6/30/2025)	1.0	Officer Director	$0	$83,901	$565,752
McWhorter John	Sr. VP and COO/Board	1.0	Officer Director	$0	$53,234	$1,447,137
Meldrum Terri W Esq	Sr. VP General Counsel & Secretary/Board (End 4/1/2025)	1.0	Officer Director	$0	$212,088	$1,791,758
Markovich Stephen E MD	CEO/President	1.0	Officer	$0	$94,360	$6,546,210
Porembski Chester P Esq	FRM Secretary	0.0		$0	$93,900	$506,675

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	$91,036,675	$78,181,221	$705,129,309	$12,855,454
2024	$89,103,153	$74,643,497	$867,797,332	$14,459,656
2023	$92,601,795	$81,758,437	$812,419,194	$10,843,358
2022	$66,205,073	$60,212,102	$684,460,440	$5,992,971
2021	$50,467,176	$53,598,609	$467,704,966	$-3,131,433
2020	$20,638,576	$18,641,719	$366,124,884	$1,996,857
2019	$15,010,116	$10,453,814	$183,311,816	$4,556,302
2018	$11,892,441	$6,886,879	$124,863,201	$5,005,562

Hospital Properties Inc