WOOD COUNTY HOSPITAL ASSOCIATION (EIN 344440884) - 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

1951

Legal Domicile

Principal Officer

KAROL D BORTEL

Phone

4193548900

Tax Period

2022-07-01 to 2023-06-30

WOOD COUNTY HOSPITAL ASSOCIATION, founded in 1951, is a major nonprofit in the Health Care sector that reported $133.4M in total revenue in fiscal year 2022.

Mission

THE WOOD COUNTY HOSPITAL BOARD OF TRUSTEES, EMPLOYEES, MEDICAL STAFF, AND VOLUNTEERS ARE DEDICATED TO PROVIDING THE HIGHEST QUALITY PREVENTIVE, RESTORATIVE, EDUCATIONAL, AND REHABILITATIVE HEALTH CARE SERVICE TO ALL.

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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 (2022)

Revenue Breakdown

Contributions & Grants $632,195

Program Service Revenue $126,309,335

Investment Income $1,881,238

Other Revenue $4,578,711

TOTAL REVENUE $133,401,479

Expense Breakdown

Grants Paid $0

Salaries & Benefits $68,562,317

Fundraising Expenses $0

Program Expenses $109,782,611

Other Expenses $69,513,482

TOTAL EXPENSES $138,075,799

Year-over-Year Comparison

	2022	2021	Change
Revenue	$133,401,479	$131,482,482	+0.0%
Expenses	$138,075,799	$131,331,309	+0.1%
Net Income	$-4,674,320	$151,173	-31.9%

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

893

Volunteers

150

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

$954,987

Total Directors

$693,039

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MICHAEL MARSH	MEMBER	1.00	Director	$0	$0	$0
STEVEN PATTON	CHAIR	1.00	Officer Director	$0	$0	$0
DIANE HOOPS	VICE CHAIR	1.00	Officer Director	$0	$0	$0
GAYLYN FINN	TREASURER	1.00	Officer Director	$0	$0	$0
DORIS HERRINGSHAW	SECRETARY	1.00	Officer Director	$0	$0	$0
DIANE HUFFMAN	MEMBER	1.00	Director	$0	$0	$0
DAVID MAURER	MEMBER	1.00	Director	$0	$0	$0
SHAWN STANSBERY MD	MEMBER	1.00	Director	$0	$0	$0
DR THOMAS WOJCIECHOWSKI	MEMBER	1.00	Director	$213,384	$4,187	$217,571
STANLEY KORDUCKI	CEO	40.00	Officer Director	$431,692	$43,776	$475,468
MICHAEL FATZINGER	MEMBER	1.00	Director	$0	$0	$0
KAROL BORTEL	CFO	40.00	Officer	$184,167	$23,754	$207,921
THOMAS BIALORUCKI	CIO	40.00	Officer	$249,851	$21,747	$271,598
CARLOS GOMEZ OROZCO	PHYSICIAN	40.00	Highest	$735,404	$26,994	$762,398
PETER LALOR	PHYSICIAN	40.00	Highest	$695,764	$26,936	$722,700
MICHAEL LEMON	PHYSICIAN	40.00	Highest	$309,513	$25,726	$335,239
ENAS KANAMA	PHYSICIAN	40.00	Highest	$332,568	$20,764	$353,332
LILLIAN MILLER	PHYSICIAN	40.00	Highest	$443,257	$26,860	$470,117

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
2025	No data	No data	No data	No data
2024	No data	No data	No data	No data
2023	$133,401,479	$138,075,799	$218,238,097	$-4,674,320
2022	$131,482,482	$131,331,309	$218,775,435	$151,173
2021	$125,669,234	$121,141,137	$236,887,243	$4,528,097
2020	$119,173,242	$115,656,982	$205,335,623	$3,516,260
2019	$120,176,076	$117,882,321	$200,891,243	$2,293,755
2018	$114,313,735	$113,592,658	$203,355,280	$721,077

WOOD COUNTY HOSPITAL ASSOCIATION