Blanchard Valley Health System

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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

1951

Legal Domicile

Phone

4194234500

Tax Period

2023-01-01 to 2023-12-31

Blanchard Valley Health System, founded in 1951, is a mid-sized nonprofit in the Health Care sector that reported $65.3M in total revenue in fiscal year 2023. Expenses of $134.0M exceeded revenue, resulting in a 105% operating deficit.

Mission

OUR MISSION: OUR EXTRAORDINARY PEOPLE PROVIDE CARING FOR A LIFETIME THROUGH A BROAD CONTINUUM OF EXCEPTIONAL HEALTH-RELATED SERVICES IN NORTHWEST OHIO.

Program Service Accomplishments

Program 1

Expenses: $104,235,297 Revenue: $64,781,301

BLANCHARD VALLEY HEALTH SYSTEM'S PROGRAM SERVICE REVENUE IS GENERATED BY BLANCHARD VALLEY MEDICAL PRACTICES (BVMP) AND HANCO EMERGENCY MEDICAL SERVICES (HANCO), WHICH ARE WHOLLY OWNED, DISREGARDED...

BLANCHARD VALLEY HEALTH SYSTEM'S PROGRAM SERVICE REVENUE IS GENERATED BY BLANCHARD VALLEY MEDICAL PRACTICES (BVMP) AND HANCO EMERGENCY MEDICAL SERVICES (HANCO), WHICH ARE WHOLLY OWNED, DISREGARDED ENTITIES. BVMP CONSISTS OF FAMILY PRACTICE PHYSICIAN OFFICES, NEUROSURGICAL PHYSICIAN OFFICES, SPECIALTY PHYSICIAN OFFICES, AND AN URGENT CARE CENTER. BVMP IS COMMITTED TO PROVIDING EASILY ACCESSIBLE HEALTH CARE SERVICES TO ALL MEMBERS OF THE SURROUNDING COMMUNITIES THROUGH ITS FAMILY PRACTICES AND URGENT CARE CENTER. SPECIALIZED SERVICES ARE ALSO AVAILABLE, INCLUDING NEUROSURGICAL SERVICES, CANCER CARE, CARDIAC CARE, AND DIAGNOSTIC SERVICES. HANCO PROVIDES PROFESSIONAL AND EXPEDIENT AMBULANCE SERVICES AND PRE-HOSPITAL EMERGENCY MEDICAL CARE. MEDSPA PROVIDES COSMETIC MEDICAL TREATMENT CENTERS.

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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 $0

Program Service Revenue $61,427,343

Investment Income $835,528

Other Revenue $3,002,000

TOTAL REVENUE $65,264,871

Expense Breakdown

Grants Paid $0

Salaries & Benefits $107,753,169

Fundraising Expenses $0

Program Expenses $104,235,297

Other Expenses $26,217,132

TOTAL EXPENSES $133,970,301

Year-over-Year Comparison

	2023	2022	Change
Revenue	$65,264,871	$66,800,023	0.0%
Expenses	$133,970,301	$132,958,878	+0.0%
Net Income	$-68,705,430	$-66,158,855	+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

413

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

$1,610,525

Total Directors

$1,190,985

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
N/A	VICE CHAIR	0.5	Officer Director	$0	$0	$0
N/A	CHAIRMAN	0.5	Officer Director	$0	$0	$0
N/A	SECRETARY	0.5	Officer Director	$0	$0	$0
N/A	TREASURER	0.5	Officer Director	$0	$0	$0
N/A	CHIEF EXECUTIVE OFFICER	4.0	Officer Director	$760,659	$28,051	$788,710
N/A	TRUSTEE	0.5	Director	$0	$0	$0
N/A	TRUSTEE	0.5	Director	$0	$0	$0
N/A	TRUSTEE	0.5	Director	$0	$0	$0
N/A	TRUSTEE	0.5	Director	$0	$0	$0
N/A	TUSTEE	0.5	Director	$0	$0	$0
N/A	TRUSTEE	38.0	Director	$375,991	$26,284	$402,275
N/A	TRUSTEE	0.5	Director	$0	$0	$0
N/A	IMMEDIATE PAST CHAIR	0.5	Director	$0	$0	$0
N/A	TRUSTEE	0.5	Director	$0	$0	$0
N/A	TRUSTEE	0.5	Director	$0	$0	$0
N/A	TRUSTEE	0.5	Director	$0	$0	$0
N/A	VP CHIEF NURSING OFFICER	4.0	Officer	$283,080	$24,157	$307,237
N/A	Chief Financial Officer	4.0	Officer	$486,032	$28,546	$514,578
N/A	PHYSICIAN	40.0	Highest	$1,254,524	$18,092	$1,272,616
N/A	PHYSICIAN	40.0	Highest	$873,513	$21,674	$895,187
N/A	PHYSICIAN	40.0	Highest	$951,082	$21,160	$972,242
N/A	PHYSICIAN	40.0	Highest	$880,512	$21,364	$901,876
N/A	PHYSICIAN	40.0	Highest	$1,556,232	$27,117	$1,583,349

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	$65,264,871	$133,970,301	$113,458,151	$-68,705,430
2022	$66,800,023	$132,958,878	$105,479,151	$-66,158,855
2021	$72,984,044	$133,511,504	$134,673,501	$-60,527,460
2020	$53,884,335	$117,638,924	$123,955,381	$-63,754,589
2019	$54,347,662	$108,727,659	$119,267,001	$-54,379,997
2018	$50,738,234	$98,098,502	$116,113,518	$-47,360,268