MARSHALL HEALTH NETWORK INC (EIN 320573122) - 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

2020

Legal Domicile

Principal Officer

THOMAS HEFNER

Phone

3045262571

Tax Period

2023-10-01 to 2024-09-30

MARSHALL HEALTH NETWORK INC, founded in 2020, is a mid-sized nonprofit in the Health Care sector that reported $57.0M in total revenue in fiscal year 2023. Revenue surged 155% from the prior year, signaling strong growth momentum.

Mission

SUPPORTING ORGANIZATION TO OPERATE EXCLUSIVELY FOR THE BENEFIT OF, TO PERFORM THE FUNCTIONS OF, AND TO CARRY OUT THE CHARITABLE, SCIENTIFIC, AND EDUCATIONAL PURPOSES OF THE FOLLOWING ORGANIZATIONS: CABELL HUNTINGTON HOSPITAL, INC., ST. MARY'S MEDICAL CENTER, INC., PLEASANT VALLEY HOSPITAL, INC. DBA RIVERS HEALTH, AND UNIVERSITY PHYSICIANS & SURGEONS, INC. DBA MARSHALL HEALTH.

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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 $209,217

Program Service Revenue $56,772,634

Investment Income $0

Other Revenue $10,000

TOTAL REVENUE $56,991,851

Expense Breakdown

Grants Paid $469,054

Salaries & Benefits $33,967,191

Fundraising Expenses $0

Program Expenses $48,263,624

Other Expenses $22,545,607

TOTAL EXPENSES $56,981,852

Year-over-Year Comparison

	2023	2022	Change
Revenue	$56,991,851	$22,349,221	+1.6%
Expenses	$56,981,852	$24,981,419	+1.3%
Net Income	$9,999	$-2,632,198	-1.0%

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

213

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

$3,336,408

Total Directors

$3,806,515

Key Employees

$3,587,028

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KEVIN YINGLING	PRESIDENT & CEO	45.00	Officer Director	$865,245	$168,499	$1,033,744
DAN O'HANLON	DIRECTOR	2.00	Director	$0	$0	$0
DAVID HARRIS	SECRETARY/DIRECTOR	2.00	Officer Director	$0	$0	$0
DAVID FOX	CHAIR/DIRECTOR	2.00	Officer Director	$0	$0	$0
SARAH DENMAN	DIRECTOR	2.00	Director	$0	$0	$0
BRAD SMITH	VICE CHAIR/DIRECTOR	2.00	Officer Director	$0	$0	$0
FLOYD HARLOW	TREASURER/DIRECTOR	2.00	Officer Director	$0	$0	$0
EDDIE LANHAM	DIRECTOR	2.00	Director	$0	$0	$0
DAN SNAVELY MD	DIRECTOR	2.00	Director	$0	$66,712	$1,014,684
ANDREA LAUFFER MD	DIRECTOR	2.00	Director	$0	$7,272	$135,470
DAVID GOZAL MD	DIRECTOR	2.00	Director	$0	$8,654	$159,222
PAUL FERGUSON	DIRECTOR	2.00	Director	$0	$27,300	$899,381
LARRY D DIAL	CHIEF CLINICAL OFFICER CT	0.00	Director	$0	$19,800	$564,014
DAVID M WARD	SENIOR VP & CFO	45.00	Officer	$928,179	$34,973	$963,152
HOYT J BURDICK	VP CMO	45.00	Officer	$508,206	$43,433	$551,639
PAUL E SMITH	CHIEF ADMIN OFFICER	45.00	Officer	$433,194	$45,194	$478,388
BRADLEY BURCK	VP CORP FND & DNR PHIL	45.00	Officer	$263,077	$46,408	$309,485
LISA C STUMP	SYSTEM VP & CSO	45.00	Key Emp	$488,887	$39,199	$528,086
EDUARDO PINO	CMIO	45.00	Key Emp	$312,399	$37,959	$350,358
FAREED AZIZ	VP OF REVENUE CYCLE MGMT	45.00	Key Emp	$260,477	$52,745	$313,222
MARK A MORGAN	VP PHYS SERV COO MM HIMG	45.00	Key Emp	$358,442	$55,127	$413,569
SUSAN T ROBINSON	CHIEF HUMAN RESOURCES OFFICER	45.00	Key Emp	$356,742	$55,127	$411,869
AARON BLEVINS	CHIEF PHARMACY OFFICER	45.00	Key Emp	$259,489	$60,316	$319,805
REGINA M CAMPBELL	CHIEF NURSING OFFICER	45.00	Key Emp	$341,453	$68,176	$409,629
JOHN K FIFE	VP SUPPLY CHAIN OPERATIONS	45.00	Key Emp	$181,458	$43,961	$225,419
THOMAS A HEFNER	VP FINANCE	45.00	Key Emp	$175,196	$33,026	$208,222
MELISSA E LEASURE	SYSTEM VP & GEN COUNSEL	45.00	Key Emp	$351,722	$55,127	$406,849

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	$56,991,851	$56,981,852	$31,396,864	$9,999
2023	$22,349,221	$24,981,419	$8,227,310	$-2,632,198
2022	$1,980,146	$1,756,283	$2,059,021	$223,863
2021	$1,980,277	$1,886,307	$1,140,651	$93,970
2020	$1,575,000	$1,166,431	$1,070,468	$408,569

MARSHALL HEALTH NETWORK INC