ADENA HEALTH SYSTEM (EIN 314379443) - 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

1895

Legal Domicile

Principal Officer

JAMES P MCMANUS

Phone

7407794478

Tax Period

2023-01-01 to 2023-12-31

ADENA HEALTH SYSTEM, founded in 1895, is a major nonprofit in the Health Care sector that reported $670.0M in total revenue in fiscal year 2023.

Mission

THE REPORTING ORGANIZATION IS A REGIONAL HEALTHCARE SYSTEM WITH ONE HOSPITAL AND SEVERAL AMBULATORY CENTERS, IN ADDITION TO MULTIPLE PHYSICIAN PRACTICES. AHS OFFERS A WIDE SCOPE OF DIAGNOSTIC AND REHABILITATIVE SERVICES BOTH FOR INPATIENTS AND OUTPATIENTS, INCLUDING COMPREHENSIVE CARDIOLOGY AND CANCER CARE. FURTHERMORE, AHS IS THE SOLE MEMBER OF THREE CRITICAL ACCESS HOSPITALS, ADENA PIKE MEDICAL CENTER, ADENA GREENFIELD MEDICAL CENTER, AND ADENA FAYETTE MEDCIAL CENTER, THAT FILE SEPARATELY.

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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 $3,465,419

Program Service Revenue $623,884,851

Investment Income $16,094,218

Other Revenue $26,591,977

TOTAL REVENUE $670,036,465

Expense Breakdown

Grants Paid $1,643,732

Salaries & Benefits $357,304,948

Fundraising Expenses $0

Program Expenses $564,596,097

Other Expenses $325,505,620

TOTAL EXPENSES $684,454,300

Year-over-Year Comparison

	2023	2022	Change
Revenue	$670,036,465	$678,556,219	0.0%
Expenses	$684,454,300	$670,422,177	+0.0%
Net Income	$-14,417,835	$8,134,042	-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

Governance

Voting Members

Independent Members

Employees

3987

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

$2,469,989

Total Directors

Key Employees

$4,750,418

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
SHEILAH GRAY	TRUSTEE/CHAIR	2.00	Officer Director	$0	$0	$0
JOSEPH WATSON	TRUSTEE/CHAIR	2.00	Officer Director	$0	$0	$0
ROBERT FRENCH	TRUSTEE/VICE CHAIR	2.00	Officer Director	$0	$0	$0
JENNIFER MCKELL	TRUSTEE/VICE CHAIR	2.00	Officer Director	$0	$0	$0
STEVE HIRSCH	TRUSTEE/TREASURER	2.00	Officer Director	$0	$0	$0
BARTON HENSHAW	TRUSTEE/SECRETARY	2.00	Officer Director	$0	$0	$0
CARVEL SIMMONS	TRUSTEE/SECRETARY	2.00	Officer Director	$0	$0	$0
RONALD COFFEY	TRUSTEE	2.00	Director	$0	$0	$0
ANTHONY FISH	TRUSTEE	2.00	Director	$0	$0	$0
JERRY PHILLIPS	TRUSTEE	2.00	Director	$0	$0	$0
BRIAN REAM	TRUSTEE	2.00	Director	$0	$0	$0
KEVIN SHOEMAKER	TRUSTEE	2.00	Director	$0	$0	$0
BETH WORKMAN	TRUSTEE	2.00	Director	$0	$0	$0
JEFF GRAHAM	CEO	50.00	Officer	$1,010,366	$58,200	$1,068,566
JAMES MCMANUS	AHS CHIEF FINANCIAL OFFICER	53.00	Officer	$621,511	$125,944	$747,455
KATHERINE EDRINGTON	COO	50.00	Officer	$621,194	$32,774	$653,968
CRAIG BABBITT	CHIEF LEGAL OFFICER	50.00	Key Emp	$494,821	$102,319	$597,140
RICHARD D MIZER	PRESIDENT OF AMG	50.00	Key Emp	$440,203	$81,316	$521,519
KRISTIN BOGGS	CHIEF COMPLIANCE OFFICER	50.00	Key Emp	$421,210	$61,246	$482,456
HEATHER SPRAGUE	CHIEF HUMAN RESOURCE OFFICER	50.00	Key Emp	$436,802	$76,934	$513,736
JAMIE SMITH	CHIEF INFORMATION OFFICER	50.00	Key Emp	$344,991	$83,652	$428,643
MOLLY M GROOMS	CHIEF NURSING OFFICER	50.00	Key Emp	$346,276	$51,775	$398,051
JOHN GABIS	PRESIDENT OF AMG	50.00	Key Emp	$373,748	$39,646	$413,394
DONALD DIENER	PRESIDENT OF ARMC	50.00	Key Emp	$290,422	$99,189	$389,611
TY MCBEE	VP OF STRATEGIC OPERATIONS	50.00	Key Emp	$228,972	$24,784	$253,756
DR SHAHEED KOURY	CHIEF CLINICAL OFFICER	50.00	Key Emp	$625,200	$126,912	$752,112
ATIQ REHMAN	PHYSICIAN	50.00	Highest	$1,571,885	$72,234	$3,288,238
ROGER WILTFONG	PHYSICIAN	50.00	Highest	$1,399,401	$63,343	$2,925,488
JAMES FLEMING	PHYSICIAN	50.00	Highest	$1,120,385	$70,198	$2,381,166
WAHEED GUL	PHYSICIAN	50.00	Highest	$967,011	$84,977	$2,103,976
KELLY GALLINA	PHYSICIAN	50.00	Highest	$934,413	$77,324	$2,023,474
REGGINA YANDILA	FORMER TRUSTEE/PHYSICIAN	50.00		$334,797	$45,673	$760,940
LISA CARLSON	FORMER CFO	50.00		$270,056	$1,020	$271,076
ANTHONY FREEMAN	FORMER CHIEF MEDICAL OFFICER	0.00		$614,096	$78,079	$692,175

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	$670,036,465	$684,454,300	$806,490,536	$-14,417,835
2022	$678,556,219	$670,422,177	$777,131,298	$8,134,042
2021	$680,770,407	$645,785,101	$888,565,612	$34,985,306
2020	$590,625,475	$550,828,673	$876,980,484	$39,796,802
2019	$566,176,672	$547,412,523	$738,150,495	$18,764,149
2018	$519,459,247	$492,588,775	$568,360,487	$26,870,472

ADENA HEALTH SYSTEM