Monroe Health Services Inc

EIN: 320583236 501(c)(3) Health Care

TUPELO, MS

Total Revenue
$63,377,659
Total Expenses
$47,970,990
Total Assets
$52,045,089
Net Assets
$38,409,793
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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
2018
Legal Domicile
DE
Phone
6623773978
Tax Period
2023-10-01 to 2024-09-30

Monroe Health Services Inc, founded in 2018, is a mid-sized nonprofit in the Health Care sector that reported $63.4M in total revenue in fiscal year 2023. Revenue surged 26% from the prior year, signaling strong growth momentum. The organization ran a surplus of $15.4M, a strong 24% operating margin.

Mission

MONROE HEALTH SERVICES OPERATES A 95 BED HOSPITAL AND RELATED OUTPATIENT CARE FACILITIES IN AMORY, MISSISSIPPI.

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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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $635,000
Program Service Revenue $62,625,943
Investment Income $48,858
Other Revenue $67,858
TOTAL REVENUE $63,377,659

Expense Breakdown

Grants Paid $0
Salaries & Benefits $25,667,677
Fundraising Expenses $0
Program Expenses $46,162,646
Other Expenses $22,303,313
TOTAL EXPENSES $47,970,990

Year-over-Year Comparison

2023 2022 Change
Revenue $63,377,659 $50,310,767 +0.3%
Expenses $47,970,990 $44,589,787 +0.1%
Net Income $15,406,669 $5,720,980 +1.7%
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

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Governance

Voting Members
N/A
Independent Members
N/A
Employees
405
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
4
$4,748,648
Total Directors
1
$682,564
Key Employees
1
$317,170
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
BRUCE TOPPIN SECRETARY 0.0
Officer Director
$0 $14,992 $682,564
BRUCE TOPPIN SECRETARY 1.0
Officer
$0 $14,992 $682,564
MICHAEL S SPEES PRESIDENT & CEO 0.5
Officer
$0 $27,228 $2,346,750
SHARON NOBLES TREASURER 1.0
Officer
$0 $29,248 $1,036,770
JAMIE RODGERS ADMINISTRATOR 20.0
Key Emp
$310,498 $6,672 $317,170
ANGELA SERIO CRNA 40.0
Highest
$190,740 $11,584 $202,324
COLEMAN N LEECH RN 40.0
Highest
$147,481 $4,330 $151,811
KATIE L MCCLAIN RN 40.0
Highest
$143,043 $4,381 $147,424
RICKY GAULT CRNA 40.0
Highest
$179,187 $6,191 $185,378
RONDA S SWEET CNO 40.0
Highest
$175,306 $6,192 $181,498
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 $63,377,659 $47,970,990 $52,045,089 $15,406,669
2023 $50,310,767 $44,589,787 $32,590,532 $5,720,980
2022 $48,759,152 $43,082,973 $26,274,701 $5,676,179
2021 $45,516,589 $41,470,304 $25,250,042 $4,046,285
2020 $40,173,548 $43,305,998 $25,287,995 $-3,132,450
2019 $41,940,210 $45,961,467 $23,890,871 $-4,021,257
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