Wayne Hospital Company (EIN 344428598) - 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

1922

Legal Domicile

Phone

9375481141

Tax Period

2024-01-01 to 2024-12-31

Wayne Hospital Company, founded in 1922, is a mid-sized nonprofit in the Health Care sector that reported $88.8M in total revenue in fiscal year 2024. Revenue surged 27% from the prior year, signaling strong growth momentum.

Mission

The mission of Wayne Hospital Company is providing quality care and promoting wellness close to home.

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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 (2024)

Revenue Breakdown

Contributions & Grants $818,600

Program Service Revenue $80,523,948

Investment Income $6,298,098

Other Revenue $1,114,191

TOTAL REVENUE $88,754,837

Expense Breakdown

Grants Paid $53,255

Salaries & Benefits $36,395,280

Fundraising Expenses $0

Program Expenses $71,275,899

Other Expenses $50,733,109

TOTAL EXPENSES $87,181,644

Year-over-Year Comparison

	2024	2023	Change
Revenue	$88,754,837	$69,613,452	+0.3%
Expenses	$87,181,644	$80,218,773	+0.1%
Net Income	$1,573,193	$-10,605,321	-1.1%

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

Employees

581

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

$521,562

Total Directors

$563,721

Key Employees

$499,219

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ANNA HATIC DO	CHAIR/ PAST CHAIR	1.0	Officer Director	$0	$0	$0
CAROLINE SCHMIDT	VICE CHAIR/ CHAIR	1.0	Officer Director	$0	$0	$0
DAN WATREN	PAST CHAIR (PART YEAR)	1.0	Officer Director	$0	$0	$0
M LYNNE HAWLEY MD	SEC- TREASURER	1.0	Officer Director	$0	$0	$0
SUSAN SHIELDS	SEC-TREASURER/ VICE CHAIR	1.0	Officer Director	$0	$0	$0
ALISHA REISS	SURGEON	40.0	Director Highest	$516,575	$47,146	$563,721
CRAIG GANGER	BOARD MEMBER	1.0	Director	$0	$0	$0
JACOB BROERING	BOARD MEMBER	1.0	Director	$0	$0	$0
JAMES ATCHLEY	BOARD MEMBER	1.0	Director	$0	$0	$0
JANELLE BELL	BOARD MEMBER	1.0	Director	$0	$0	$0
KARA ALLREAD	BOARD MEMBER	1.0	Director	$0	$0	$0
KATHY HARPER	BOARD MEMBER	1.0	Director	$0	$0	$0
TONYA BREYMIER	BOARD MEMBER	1.0	Director	$0	$0	$0
TRISHA WACKLER	BOARD MEMBER	1.0	Director	$0	$0	$0
JEFFREY SUBLER	PRESIDENT/CEO	39.0	Officer	$272,196	$44,192	$316,388
NICOLE GILLESPIE	VP OF FINANCIAL SERVICES/CFO	39.0	Officer	$183,512	$21,662	$205,174
ALEXANDER POHLMAN	VP OF OPERATIONS	40.0	Key Emp	$199,881	$42,598	$242,479
KIMBERLEE FREEMAN	VP OF PATIENT CARE/CNO	40.0	Key Emp	$213,470	$43,270	$256,740
BRIAN DULIN	CARDIOLOGY	40.0	Highest	$671,926	$26,372	$698,298
JAMES BEMBRY	OB/GYN	40.0	Highest	$522,695	$45,479	$568,174
PATRICK KARR	OB/GYN	40.0	Highest	$592,135	$47,159	$639,294
STEPHANIE BUCHANAN	SURGEON	40.0	Highest	$442,837	$30,640	$473,477

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	$88,754,837	$87,181,644	$178,275,938	$1,573,193
2023	$69,613,452	$80,218,773	$175,462,716	$-10,605,321
2022	$74,062,077	$78,345,098	$184,002,614	$-4,283,021
2021	$88,583,547	$74,428,386	$219,411,439	$14,155,161
2020	$74,809,112	$67,603,756	$202,344,337	$7,205,356
2019	$73,131,037	$67,200,809	$186,619,457	$5,930,228
2018	$70,443,007	$65,398,149	$147,002,030	$5,044,858

Wayne Hospital Company