MEMORIAL HOSPITAL (EIN 344430849) - 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

1918

Legal Domicile

Principal Officer

TERRENCE METZGER

Phone

4192525772

Tax Period

2023-01-01 to 2023-12-31

MEMORIAL HOSPITAL, founded in 1918, is a mid-sized nonprofit in the Health Care sector that reported $93.9M in total revenue in fiscal year 2023. Revenue grew 9% year-over-year, indicating healthy expansion. The organization ran a surplus of $15.0M, a strong 16% operating margin.

Mission

MEMORIAL HOSPITAL PROVIDES NEEDED MEDICAL CARE TO THE COMMUNITY AND SURROUNDING AREAS REGARDLESS OF THE PATIENT'S ABILITY TO PAY. SERVICES INCLUDE INPATIENT ROUTINE, INPATIENT ANCILLARY, AND OUTPATIENT CARE. OUR MISSION IS TO CONTINUALLY IMPROVE THE HEALTH AND QUALITY OF LIFE OF THE INDIVIDUALS AND FAMILIES IN THE COMMUNITIES 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 $942,869

Program Service Revenue $91,920,546

Investment Income $329,040

Other Revenue $698,518

TOTAL REVENUE $93,890,973

Expense Breakdown

Grants Paid $0

Salaries & Benefits $24,334,366

Fundraising Expenses $0

Program Expenses $55,503,406

Other Expenses $54,509,064

TOTAL EXPENSES $78,843,430

Year-over-Year Comparison

	2023	2022	Change
Revenue	$93,890,973	$86,272,614	+0.1%
Expenses	$78,843,430	$80,955,481	0.0%
Net Income	$15,047,543	$5,317,133	+1.8%

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

414

Volunteers

103

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

$4,867,197

Total Directors

$4,817,512

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
STEVE SADOWSKI	SECRETARY/CHIEF LEGAL OFFICER	1.00	Officer Director	$0	$6,028	$1,413,208
TERRENCE METZGER	TRUSTEE/TREASURER	1.00	Officer Director	$0	$4,079	$1,059,169
MICHAEL GRILLIS	TRUSTEE/PHYSICIAN	1.00	Director	$0	$5,646	$635,653
DAVID SOMMERS MD	TRUSTEE/PHYSICIAN	1.00	Director	$0	$0	$456,442
IRACEMA AREVALO MD	TRUSTEE/PHYSICIAN - PART YEAR	1.00	Director	$0	$5,857	$354,332
JAMES WILLIAMS MD PHD	TRUSTEE/PHYSICIAN	1.00	Director	$0	$4,687	$269,745
JODI RUCKER	TRUSTEE/PRESIDENT	1.00	Officer Director	$0	$3,717	$267,370
DASA DZIERWA	TRUSTEE/ASSOCIATE VP, NON CLINICAL	1.00	Director	$0	$2,796	$196,857
LISA DAVIS MD MBA	TRUSTEE/PHYSICIAN	1.00	Director	$0	$0	$164,736
BARRY LUSE	CHAIRMAN	1.00	Officer Director	$0	$0	$0
LOUIS ROBICHAUX	TREASURER - PART YEAR	1.00	Officer Director	$0	$0	$0
VINCE MILITELLO	TRUSTEE	1.00	Director	$0	$0	$0
PAUL HERSHEY	TRUSTEE	1.00	Director	$0	$0	$0
ROBERT GROSS	TRUSTEE	1.00	Director	$0	$0	$0
ROBIN RICHTER	TRUSTEE	1.00	Director	$0	$0	$0
ROGER KUNS	TRUSTEE	1.00	Director	$0	$0	$0
RONALD M SCHUMACHER EDD	TRUSTEE	1.00	Director	$0	$0	$0
SCOTT LANG	TRUSTEE	1.00	Director	$0	$0	$0
SCOTT MILLER	TRUSTEE	1.00	Director	$0	$0	$0
ANTHONY RUSHER MD	TRUSTEE	1.00	Director	$0	$0	$0
JOSEPH LISZAK III	TRUSTEE	1.00	Director	$0	$0	$0
BETHANY BROWN	TRUSTEE	1.00	Director	$0	$0	$0
JULIE CHUDZINSKI	TRUSTEE	1.00	Director	$0	$0	$0
CHRISTIAN MOORE	TRUSTEE	1.00	Director	$0	$0	$0
JIM NORTH MD	TRUSTEE	1.00	Director	$0	$0	$0
KRISTIE BILGER	TRUSTEE	1.00	Director	$0	$0	$0
ARTURO POLIZZI	PRESIDENT AND CEO	1.00	Officer	$0	$5,857	$2,127,450
RANDAL KOCH	DIRECTOR OF PHARMACY	45.00	Highest	$165,116	$5,022	$170,138
MARLO MAYLE	NURSING ADMIN SUPERVISOR	45.00	Highest	$154,338	$7,062	$161,400
NATHAN PERKINS	ASSOCIATE VP CLINICAL	45.00	Highest	$149,419	$3,781	$153,200
CATHY DULL	NURSE MANAGER	45.00	Highest	$144,779	$4,364	$149,143
PATRICIA BEASCHLER	PHARMACIST	45.00	Highest	$146,135	$1,665	$147,800
STEVEN M CAVANAUGH	TREASURER, CFO - FORMER	0.00		$0	$5,657	$1,340,837
JEFFREY C KUHN	SECRETARY, CHIEF LEGAL OFFICER - FORMER	0.00		$0	$30,922	$779,348
GARY AKENBERGER	CHIEF OFFICER - FORMER	0.00		$0	$43,532	$572,179

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	$93,890,973	$78,843,430	$59,012,522	$15,047,543
2022	$86,272,614	$80,955,481	$65,046,432	$5,317,133
2021	$76,771,960	$66,925,414	$63,634,005	$9,846,546
2020	$70,540,192	$64,048,774	$66,055,660	$6,491,418
2019	$70,448,701	$64,042,028	$120,404,973	$6,406,673
2018	$68,737,040	$60,086,296	$103,849,310	$8,650,744

MEMORIAL HOSPITAL