H B MAGRUDER MEMORIAL HOSPITAL (EIN 344441792) - 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

1940

Legal Domicile

Principal Officer

NICHOLAS MARSICO

Phone

4197343131

Tax Period

2023-01-01 to 2023-12-31

H B MAGRUDER MEMORIAL HOSPITAL, founded in 1940, is a mid-sized nonprofit in the Health Care sector that reported $65.0M in total revenue in fiscal year 2023. Revenue grew 9% year-over-year, indicating healthy expansion.

Mission

MAGRUDER HOSPITAL SHALL PROVIDE COMPASSIONATE CARE WITH EXCELLENT OUTCOMES.

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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 $3,285,762

Program Service Revenue $57,292,703

Investment Income $577,717

Other Revenue $3,823,941

TOTAL REVENUE $64,980,123

Expense Breakdown

Grants Paid $17,500

Salaries & Benefits $25,359,779

Fundraising Expenses $20,595

Program Expenses $56,644,305

Other Expenses $39,491,146

TOTAL EXPENSES $64,868,425

Year-over-Year Comparison

	2023	2022	Change
Revenue	$64,980,123	$59,676,889	+0.1%
Expenses	$64,868,425	$65,490,190	0.0%
Net Income	$111,698	$-5,813,301	-1.0%

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

508

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

$627,512

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
GREG DEERHAKE	CHAIR	1.00	Officer Director	$0	$0	$0
PAUL DRUCKENMILLER	VICE CHAIR	1.00	Officer Director	$0	$0	$0
DAVID SODERBERG	DIRECTOR	1.00	Director	$0	$0	$0
NANCY OSBORN	DIRECTOR	1.00	Director	$0	$0	$0
BARRY COVER MD	DIRECTOR	1.00	Director	$0	$0	$0
DOUGLAS FOCHT	DIRECTOR	1.00	Director	$0	$0	$0
JEFF DORNBUSCH	DIRECTOR	1.00	Director	$0	$0	$0
KEVIN SNEIDER DPM	DIRECTOR	1.00	Director	$0	$0	$0
ALISON FALLS	DIRECTOR	1.00	Director	$0	$0	$0
RON MILLER	DIRECTOR	1.00	Director	$0	$0	$0
MARK HABLITZEL DDS	DIRECTOR	1.00	Director	$0	$0	$0
MARIA SUE CROSSER	DIRECTOR	1.00	Director	$0	$0	$0
MIKE LIBBEN	DIRECTOR	1.00	Director	$0	$0	$0
MARK SPRENGER	DIRECTOR	1.00	Director	$0	$0	$0
CHRIS SINGERLING	DIRECTOR	1.00	Director	$0	$0	$0
NICHOLAS MARSICO	PRESIDENT & CEO	43.00	Officer	$257,339	$28,077	$285,416
KIMBERLY SCHREINER	VP NURSING & CNO	45.00	Officer	$155,951	$36,309	$192,260
ROBERT GOSHIA	VP FINANCE & CFO	45.00	Officer	$86,229	$15,257	$101,486
JULIE GEORGOFF	VP FINANCE & CFO - PART YEAR	43.00	Officer	$47,106	$1,244	$48,350
RAYMOND FULLER	PHYSICIAN	45.00	Highest	$470,334	$42,553	$512,887
DAVIE BODIE	PHYSICIAN	45.00	Highest	$286,263	$40,754	$327,017
SEAN CALLAHAN	PHYSICIAN	45.00	Highest	$264,647	$31,386	$296,033
KAREN KLAEGE	PHYSICIAN	45.00	Highest	$248,899	$39,742	$288,641
CHAD BLUNT	PHYSICIAN	45.00	Highest	$204,928	$23,428	$228,356

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	$64,980,123	$64,868,425	$58,266,157	$111,698
2022	$59,676,889	$65,490,190	$58,187,168	$-5,813,301
2021	$71,689,364	$61,949,966	$70,622,975	$9,739,398
2020	$56,778,435	$56,361,473	$60,463,505	$416,962
2019	$55,390,830	$57,161,427	$47,461,905	$-1,770,597
2018	$54,787,837	$56,896,238	$46,506,470	$-2,108,401
2018	$54,787,837	$56,896,238	$46,506,470	$-2,108,401

H B MAGRUDER MEMORIAL HOSPITAL