MOUNT CARMEL HEALTH SYSTEM (EIN 311439334) - 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

1995

Legal Domicile

Principal Officer

LORRAINE LUTTON

Phone

6145464000

Tax Period

2022-07-01 to 2023-06-30

MOUNT CARMEL HEALTH SYSTEM, founded in 1995, is a large national nonprofit that reported $1.4B in total revenue in fiscal year 2022.

Mission

TO PROVIDE HEALTH CARE AND HOSPITAL SERVICES.

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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 (2022)

Revenue Breakdown

Contributions & Grants $4,424,608

Program Service Revenue $1,334,290,746

Investment Income $384,698

Other Revenue $38,007,428

TOTAL REVENUE $1,377,107,480

Expense Breakdown

Grants Paid $168,382

Salaries & Benefits $548,634,593

Fundraising Expenses $906,758

Program Expenses $1,280,712,120

Other Expenses $863,526,560

TOTAL EXPENSES $1,412,329,535

Year-over-Year Comparison

	2022	2021	Change
Revenue	$1,377,107,480	$1,389,720,563	0.0%
Expenses	$1,412,329,535	$1,425,342,524	0.0%
Net Income	$-35,222,055	$-35,621,961	0.0%

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

9375

Volunteers

371

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

$2,685,715

Total Directors

$2,684,203

Key Employees

$3,321,268

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
LORRAINE LUTTON	DIRECTOR; MOUNT CARMEL CEO	44.00	Officer Director	$0	$288,723	$1,566,664
STUART KILPINEN	DIRECTOR; TRINITY HEALTH SVP	2.00	Director	$0	$182,776	$1,017,496
DAVID SPIVEY	FORMER KEY EMP; TRINITY CONSULTANT	0.00		$0	$64,057	$951,519
NICHOLAS KREATSOULAS DO	CHIEF CLINICAL OFFICER	50.00	Key Emp	$0	$142,144	$830,038
DIANE DOUCETTE	PRESIDENT & COO, MCNA & MCSA	55.00	Key Emp	$0	$57,711	$712,010
JERRY MANSFIELD	MOUNT CARMEL CHIEF NURSING OFFICER	50.00	Highest	$0	$119,438	$711,073
TAUANA MCDONALD	PRESIDENT & COO, MC GROVE CITY & CAO	53.00	Key Emp	$0	$61,485	$674,405
DANIEL HACKETT	SECRETARY; MANAGING COUNSEL	50.00	Officer	$0	$61,962	$659,757
UNHEE KIM	PRESIDENT & COO, MC EAST THR 8/22	55.00	Key Emp	$0	$19,504	$574,718
DANIEL WENDORFF MD	PRESIDENT, MC HEALTH PARTNERS	46.00	Highest	$510,056	$43,486	$553,542
SCOTT WILBER MD	MCE CMO THR 10/22;PRES,MCE AT 11/22	53.00	Key Emp	$418,330	$57,253	$530,097
BRITTON RINK MD	STAFF PERINATOLOGIST	50.00	Highest	$472,782	$52,781	$525,563
CHRISTOPHER LANG MD	STAFF PERINATOLOGIST	50.00	Highest	$436,717	$49,807	$486,524
DIANA ZITTER MD	OBGYN ATTENDING PHYSICIAN	50.00	Highest	$453,475	$31,596	$485,071
ANDY PRIDAY	MOUNT CARMEL CFO	36.00	Officer	$225,229	$54,083	$459,294
KIMBERLY HODGKINSON	FORMER OFFICER	0.00		$0	$27,466	$432,817
CHERIE RICHEY MD	DIRECTOR; PHYSICIAN	20.00	Director	$100,043	$0	$100,043
JORDAN HANSELL	DIRECTOR; CHAIR THROUGH 12/22	2.00	Officer Director	$0	$0	$0
SHAWN ANDERSON	DIR; V CHR THR 12/22; CHAIR AT 1/23	2.00	Officer Director	$0	$0	$0
SUZANNE FOSTER	DIRECTOR; VICE CHAIR AS OF 1/23	2.00	Officer Director	$0	$0	$0
SUZANNE BRENNAN CSC	DIRECTOR; TREASURER	2.00	Officer Director	$0	$0	$0
CHRISTOPHER BARCELONA	DIRECTOR	2.00	Director	$0	$0	$0
TANYA HAHN	DIRECTOR	2.00	Director	$0	$0	$0
SU LOK	DIRECTOR	2.00	Director	$0	$0	$0
DAVID MONTGOMERY	DIRECTOR	2.00	Director	$0	$0	$0
RUTH MARIE NICKERSON CSC	DIRECTOR	2.00	Director	$0	$0	$0
TANISHA ROBINSON	DIRECTOR	2.00	Director	$0	$0	$0
CHARLES SANDERS JR MD	DIRECTOR	2.00	Director	$0	$0	$0

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	No data	No data	No data	No data
2024	No data	No data	No data	No data
2023	$1,377,107,480	$1,412,329,535	$2,944,152,829	$-35,222,055
2022	$1,389,720,563	$1,425,342,524	$2,752,075,367	$-35,621,961
2021	$1,427,634,955	$1,368,516,584	$2,795,617,209	$59,118,371
2020	$1,345,000,787	$1,343,573,801	$2,735,048,776	$1,426,986
2019	$1,348,230,405	$1,297,649,746	$2,379,179,416	$50,580,659
2018	$1,399,364,405	$1,241,976,468	$2,297,144,733	$157,387,937

MOUNT CARMEL HEALTH SYSTEM