FIRELANDS REGIONAL MEDICAL CENTER (EIN 344428218) - 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

1919

Legal Domicile

Principal Officer

KEVIN RILEY

Phone

4195577400

Tax Period

2023-01-01 to 2023-12-31

FIRELANDS REGIONAL MEDICAL CENTER, founded in 1919, is a major nonprofit in the Health Care sector that reported $287.3M in total revenue in fiscal year 2023. Expenses of $274.7M left a modest 4% surplus.

Mission

OUR MISSION IS TO BE THE HEALTHCARE PROVIDER OF CHOICE FOR PHYSICIANS, THEIR PATIENTS, OUR VOLUNTEERS AND EMPLOYEES AS WE STRIVE TOGETHER TO IMPROVE THE HEALTH AND WELL BEING OF THOSE 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 (2023)

Revenue Breakdown

Contributions & Grants $6,540,336

Program Service Revenue $256,849,515

Investment Income $6,068,286

Other Revenue $17,872,476

TOTAL REVENUE $287,330,613

Expense Breakdown

Grants Paid $251,317

Salaries & Benefits $129,681,568

Fundraising Expenses $472,595

Program Expenses $202,043,784

Other Expenses $144,797,339

TOTAL EXPENSES $274,730,224

Year-over-Year Comparison

	2023	2022	Change
Revenue	$287,330,613	$282,812,007	+0.0%
Expenses	$274,730,224	$285,971,337	0.0%
Net Income	$12,600,389	$-3,159,330	-5.0%

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

2247

Volunteers

135

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

$1,900,695

Total Directors

$766,399

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
THOMAS WILLIAMSON MD	DIRECTOR/PHYSICIAN	1.00	Director	$360,035	$46,856	$406,891
KARL OBERER DO	DIRECTOR/PHYSICIAN	1.00	Director	$233,769	$43,229	$276,998
JAMES MILLER	VICE CHAIR	2.00	Officer Director	$0	$0	$0
LEE A ALEXAKOS	VICE CHAIR ELECT	2.00	Officer Director	$0	$0	$0
STEVEN BENEDICT MD	DIRECTOR	1.00	Director	$41,143	$0	$41,143
PATRICK W MCGUINNMD	DIRECTOR	1.00	Director	$13,932	$0	$13,932
BRADLEY MITCHEL	DIRECTOR	1.00	Director	$2,044	$0	$2,044
CARLOS LOWELL DO	DIRECTOR	1.00	Director	$736	$0	$736
JOHN O BACON	DIRECTOR	1.00	Director	$0	$0	$0
SHELLY CHESBRO	DIRECTOR	1.00	Director	$0	$0	$0
DARLENE CROOKS	DIRECTOR	1.00	Director	$0	$0	$0
GREGORY GRAVES	DIRECTOR	1.00	Director	$0	$0	$0
JUSTIN HARRIS	DIRECTOR	1.00	Director	$0	$0	$0
JAMES HART	DIRECTOR	1.00	Director	$0	$0	$0
MARY JANE HILL	DIRECTOR	1.00	Director	$0	$0	$0
JOHN HOTY	DIRECTOR	1.00	Director	$0	$0	$0
FREDRIC ITZKOWITZ DO	DIRECTOR	1.00	Director	$24,655	$0	$24,655
CURTIS JOHNSON JR	DIRECTOR	1.00	Director	$0	$0	$0
BRYAN KASPER	DIRECTOR	1.00	Director	$0	$0	$0
THEODORE A KASTOR	DIRECTOR	1.00	Director	$0	$0	$0
DANIEL KELLER	DIRECTOR	1.00	Director	$0	$0	$0
RICHARD R KELLER MD	DIRECTOR	1.00	Director	$0	$0	$0
KEVIN KIEFFER	DIRECTOR	1.00	Director	$0	$0	$0
MATTHEW KOSIOR	DIRECTOR	1.00	Director	$0	$0	$0
STEVE LICHTCSIEN	DIRECTOR	1.00	Director	$0	$0	$0
TIMOTHY MAYLES	DIRECTOR	1.00	Director	$0	$0	$0
ALLEN R NICKLES	DIRECTOR	1.00	Director	$0	$0	$0
JAMES E PRESTON DO	DIRECTOR	1.00	Director	$0	$0	$0
PAULA J RENGEL	DIRECTOR	1.00	Director	$0	$0	$0
EUGENE SANDERS	DIRECTOR	1.00	Director	$0	$0	$0
JAMES SCHERGER DDS	DIRECTOR	1.00	Director	$0	$0	$0
WENDY SCHMIEDL	DIRECTOR	1.00	Director	$0	$0	$0
JAMES V STOUFFER JR	DIRECTOR	1.00	Director	$0	$0	$0
JANICE W WARNER	DIRECTOR	1.00	Director	$0	$0	$0
JAMES O WIBLE	DIRECTOR	1.00	Director	$0	$0	$0
LUVADA WILSON	DIRECTOR	1.00	Director	$0	$0	$0
CHRISSY WOSTMAN	DIRECTOR	1.00	Director	$0	$0	$0
JEREMY NORMINGTON-SLAY	PRESIDENT & CEO	42.00	Officer	$685,265	$172,400	$857,665
SCOTT M CAMPBELL MD	VP & CHIEF MEDICAL OFFICER	42.00	Officer	$471,811	$91,598	$563,409
KEVIN RILEY	CHIEF FINANCIAL, TREASURER	42.00	Officer	$391,390	$88,231	$479,621
ROGER M GUNDLACH	CHAIR	2.00	Officer	$0	$0	$0
ADEYEMI MARCUS MD	PHYSICIAN	40.00	Highest	$578,648	$55,082	$633,730
JAMES SPICER	VP OPERATIONS	40.00	Highest	$318,354	$15,560	$333,914
ERIC MAST	PHYSICIAN	40.00	Highest	$298,640	$53,946	$352,586
JODY MEISLER-MCKILLIPS	VP HUMAN RESOURCES	40.00	Highest	$294,746	$46,613	$341,359
DENISE PARRISH	VP & CHIEF NURSING OFFICER	40.00	Highest	$271,168	$79,277	$350,445
DANIEL J MONCHER	FORMER EXEC VP/CFO/TREASURER (NON VOTING)	0.00		$117,448	$13,799	$131,247

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	$287,330,613	$274,730,224	$519,944,951	$12,600,389
2022	$282,812,007	$285,971,337	$491,649,591	$-3,159,330
2021	$309,366,271	$267,130,066	$572,183,649	$42,236,205
2020	$293,435,577	$266,601,448	$554,408,125	$26,834,129
2019	$291,296,412	$270,827,426	$488,020,569	$20,468,986
2018	$284,519,294	$263,375,089	$438,830,568	$21,144,205

FIRELANDS REGIONAL MEDICAL CENTER