HOLZER HOSPITAL FOUNDATION (EIN 314379491) - 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

1910

Legal Domicile

Principal Officer

MICHAEL CANADY

Phone

7404465060

Tax Period

2022-07-01 to 2023-06-30

HOLZER HOSPITAL FOUNDATION, founded in 1910, is a major nonprofit in the Health Care sector that reported $220.8M in total revenue in fiscal year 2022. The organization ran a surplus of $39.4M, a strong 18% operating margin.

Mission

TO ENCOURAGE WELLNESS AND STRIVE TO IMPROVE THE HEALTH STATUS OF THE PEOPLE AND 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%)

Financial Overview (2022)

Revenue Breakdown

Contributions & Grants $3,810,804

Program Service Revenue $215,402,601

Investment Income $400,210

Other Revenue $1,232,528

TOTAL REVENUE $220,846,143

Expense Breakdown

Grants Paid $0

Salaries & Benefits $80,954,172

Fundraising Expenses $0

Program Expenses $167,927,593

Other Expenses $100,539,635

TOTAL EXPENSES $181,493,807

Year-over-Year Comparison

	2022	2021	Change
Revenue	$220,846,143	$212,026,911	+0.0%
Expenses	$181,493,807	$169,212,932	+0.1%
Net Income	$39,352,336	$42,813,979	-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

1711

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

$1,157,541

Total Directors

$1,128,642

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ADAM RITCHIE MD	TRUSTEE - MEDICAL STAFF PRESIDENT	1.00	Director	$0	$8,313	$502,229
BRENT SAUNDERS	TRUSTEE	1.00	Director	$0	$6,181	$452,413
STEVE CHAPMAN	CHAIR	1.00	Officer Director	$0	$0	$24,000
TOM WISEMAN	VICE CHAIR	1.00	Officer Director	$0	$0	$24,000
LARRY KIDD	TREASURER	1.00	Officer Director	$0	$0	$24,000
GARY ROACH	SECRETARY	1.00	Officer Director	$0	$0	$24,000
BRAD MUNN	TRUSTEE	1.00	Director	$0	$0	$24,000
BOB GRILLO	TRUSTEE	1.00	Director	$0	$0	$24,000
PAUL REED	TRUSTEE	1.00	Director	$0	$0	$24,000
DANNY HOLSCHUH	TRUSTEE - PART YEAR	1.00	Director	$0	$0	$6,000
MICHAEL CANADY MD	CEO - HHS	1.00	Officer	$0	$12,013	$677,833
MICHAEL HAYNES	CFO - HHS	1.00	Officer	$0	$6,857	$383,708
JAMES MILLER	VP-AMBULATORY SERVICES	50.00	Highest	$192,490	$3,850	$196,340
DAVID CARR JR	PHARMACIST	50.00	Highest	$171,957	$24,080	$196,037
THOMAS MOORE	VP-AMBULATORY OPERATIONS	50.00	Highest	$191,346	$3,500	$194,846
LORI CREMEANS	VP-OPERATIONS JACKSON	50.00	Highest	$186,306	$5,123	$191,429
ROBERT MASSIE	VP-POST ACUTE CARE SERVICE	50.00	Highest	$172,306	$3,146	$175,452

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	$220,846,143	$181,493,807	$136,639,968	$39,352,336
2022	$212,026,911	$169,212,932	$152,039,972	$42,813,979
2021	$203,325,848	$160,936,369	$148,557,850	$42,389,479
2020	$188,951,450	$153,146,665	$115,563,535	$35,804,785
2019	$187,852,884	$149,205,057	$105,476,903	$38,647,827
2018	$193,454,436	$152,466,349	$103,143,721	$40,988,087

HOLZER HOSPITAL FOUNDATION