PORT CLINTON, OH
4 risk indicators measuring financial stability and operational resilience
Sign in with your work email to view Tuckman-Chang indicators
Sign In — Free (10 views/day)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.
IMPROVING LIVES TOGETHER
MAGRUDER CONTINUES ITS COMMITMENT TO SERVING THE PUBLIC HEALTH PREVENTION AND HEALTH EDUCATION NEEDS IN THE COMMUNITIES OF OTTAWA COUNTY. -WE REACHED A TOTAL OF 524 INDIVIDUALS FOR OUR MONTHLY...
MAGRUDER CONTINUES ITS COMMITMENT TO SERVING THE PUBLIC HEALTH PREVENTION AND HEALTH EDUCATION NEEDS IN THE COMMUNITIES OF OTTAWA COUNTY. -WE REACHED A TOTAL OF 524 INDIVIDUALS FOR OUR MONTHLY COMMUNITY LAB SCREENING IN 2023.-WE CONTINUE TO OFFER FLU VACCINE FOR THE PUBLIC WITH NO APPOINTMENT DURING BUSINESS HOURS 7 DAYS A WEEK AT THE PHARMACY. -WE DONATE CONFERENCE CENTER SPACE FOR SOCIAL SERVICE AGENCY MEETINGS, BLOOD DRIVES, SUPPORT GROUPS AND WELLNESS CLASSES. THERE WERE 627 INDIVIDUALS IMPACTED BY THIS AND THE VALUE OF THE SPACE WAS $2,389.-OUR NUTRITION NURSE INTERACTED WITH 114 INDIVIDUALS FOR OUR KNOW YOUR NUMBERS PROGRAM HELPING THEM UNDERSTAND THEIR LAB VALUES AND HOW TO MAKE IMPROVEMENTS.-COMMUNITY OUTREACH AND COMMUNITY HEALTH WORKER SPENT OVER 100 HOURS AT COLLABORATIVE MEETINGS FOR HOUSING, PREVENTION, SENIOR TASK FORCE AND I TEAM, COMMUNITY DAY, HOUSING AND CHILDCARE, OSU EXTENSION AND OTHERS. -OUR ONCOLOGY DIRECTOR SPENT 51 HOURS HELPING 47 PATIENTS OBTAIN ASSISTANCE FROM PHARMACEUTICAL COMPANIES AND OTHER ASSISTANCE PROGRAMS.-WE ADMINISTERED 93 FLU SHOTS AT BUSINESSES, AND SCHOOLS FOR EMPLOYEES IN 2023. THIS NUMBER CONTINUES TO GO DOWN DUE TO THE INCREASED AVAILABILITY OF OBTAINING A FLU SHOT AT MANY DIFFERENT LOCATIONS. -WE HELD OUR ANNUAL MEDICARE EDUCATION & COMPARISON EVENT AND HAD 24 ATTENDEES. WE ALSO PROVIDED ONE-ON-ONE COMPARISONS FOR 53 INDIVIDUALS SAVING THEM OVER $80,000. WE ALSO PRESENTED A MEDICARE OVERVIEW TO A LOCAL ROTARY WITH ABOUT 17 IN ATTENDANCE.-MAGRUDER SPONSORED 10 BLOOD DRIVES IN 2023. FOR THESE BLOOD DRIVES, WE NOT ONLY PROVIDE FREE SPACE AND PROMOTION OF THE EVENT, BUT WE ALSO ALLOW EMPLOYEES TO DONATE ON WORK TIME. -WE PROVIDED DISCHARGE MEALS FOR 729 PATIENTS IN 2023. -WE PROVIDED $320 OF FREE TRANSPORTATION FOR PATIENTS WHO HAD NO OTHER WAY HOME. -WE PROVIDED HEALTH EDUCATION PROGRAMS FOR 361 PARTICIPANTS ON THE TOPICS OF NUTRITION, PHYSICAL ACTIVITY, ADVANCE DIRECTIVES, DIABETES AND CANCER. WE DID A FEW GROUP EDUCATION PROGRAMS AT THE HOSPITAL AND CONTINUED TO PROVIDE HEALTH EDUCATION BLOGS ON OUR WEBSITE AND SOCIAL MEDIA AND OFFER HEALTH TIPS IN OUR MONTHLY WELLNESS CALENDAR. -ER AND URGENT CARE INSTALLED FRAMES IN EACH PATIENT ROOM AND WE HUNG FLYERS IN THERE WITH INFORMATION ABOUT MEDICATION DISPOSAL, SUPPORT GROUPS AND MEDICARE OPEN ENROLLMENT WHICH REACHED 5,352 PATIENTS.-MAGRUDER SPONSORED OR PARTICIPATED IN THE FOLLOWING COMMUNITY BUILDING ACTIVITIES: -OTTAWA COUNTY FAIR -COMMUNITY DAY (COMMUNITY RESOURCE FAIR) -4H -OVERDOSE AWARENESS -ELDER ABUSE AWARENESS -SUMMER LUNCH PROGRAMTHESE COMMUNITY BUILDING ACTIVITIES SUPPORT ORGANIZATIONS THAT ASSIST COMMUNITY MEMBERS IN OBTAINING THE RESOURCES AND SERVICES THEY NEED, WHETHER IT'S ADVOCACY, EXERCISE, SAFE AND AFFORDABLE HOUSING, SHELTER, NUTRITION, MEDICAL EQUIPMENT OR SAFE ACTIVITIES FOR TEENS.-MAGRUDER CONTINUED ITS STAFF COMMUNITY INVOLVEMENT PROGRAM WHERE THE HOSPITAL PAYS EMPLOYEES TO VOLUNTEER 4 HOURS IN THE COMMUNITY. IN 2023 MAGRUDER PAID EMPLOYEES TO VOLUNTEER 406 HOURS IN THE COMMUNITY. THESE VOLUNTEERS HOURS INCLUDED: HELPING WITH FREE SPORTS PHYSICALS, UNITED WAY EFFORTS, BLOOD PRESSURE CHECKS FOR HALL WALKERS AT LOCAL SCHOOL, OSU FINANCIAL LITERACY PROGRAM IN COUNTY MIDDLE SCHOOLS, PACKING LUNCHES FOR SUMMER LUNCH PROGRAM, VOLUNTEERING AT AREA LIGHTHOUSE, SUMMER CAMP HELPER, RINGING THE BELL FOR SALVATION ARMY, HELPING WITH FLU SHOTS, SORTING TOYS FOR TOYS FOR TOTS, 4H VOLUNTEER, LITTER PICK UP, LOCAL FOOD BANK, DONATING BLOOD AND MORE. -MAGRUDER'S LEADERSHIP TEAM ALSO CONTINUES TO PARTICIPATE IN A VARIETY OF COMMUNITY BOARDS AND ORGANIZATIONS: 3 AREA CHAMBERS OF COMMERCE, OTTAWA COUNTY COUNCIL OF HEALTH & SOCIAL CONCERNS, OTTAWA COUNTY TASK FORCE ON AGING, PREVENTION COALITION, OSU EXTENSION ADVISORY BOARD, OTTAWA COUNTY IMPROVEMENT CORPORATION, OTTAWA COUNTY BUSINESS ADVISORY COUNCIL AND OTTAWA COUNTY SAFETY COUNCIL. IN 2023 MAGRUDER PARTNERED WITH THE OTTAWA COUNTY HEALTH DEPARTMENT, THE MENTAL HEALTH BOARD OF SANDUSKY, OTTAWA, SENECA AND WYANDOT COUNTIES AND 16 OTHER COUNTY GROUPS AND AGENCIES TO COMPLETE A NEW COMMUNITY HEALTH NEEDS ASSESSMENT. BELOW ARE THE PRIORITIES AND STRATEGIES IDENTIFIED BY THESE OTTAWA COUNTY HEALTH PARTNERS:PRIORITY 1 MENTAL HEALTHSTRATEGIES: EXPAND MENTAL HEALTH AND SUICIDE PREVENTION EDUCATION IN OTTAWA COUNTY SCHOOLS, IMPLEMENT 'HANDLE WITH CARE' PROGRAM, EXPAND PEER SUPPORT SERVICES AND RECOVERY MEETINGS IN OTTAWA COUNTYPARTNERS: OTTAWA CO. HEALTH DEPT., PREVENTION COALITION, NAMI, COUNTY SCHOOLS, OAK HOUSE, JUVENILE COURT, FAMILY & CHILDREN FIRST COUNCIL, HOPE RECOVERY NETWORK, OHIO DEPT. OF PUBLIC SAFETYPRIORITY 2 SUBSTANCE USESTRATEGIES: IMPLEMENT COMMUNITY AWARENESS CAMPAIGN AND SELLER SERVICE TRAININGPARTNERS: OTTAWA CO. HEALTH DEPT., PREVENTION COALITION, RECOVERY COMMUNITY, MENTAL HEALTH & RECOVERY SERVICES BOARD, OHIO INVESTIGATIVE UNITPRIORITY 3 ACCESS TO CARESTRATEGIES: INCLUDE DOCTORS AND CLINICS IN OCTA LOOP, CREATE TELEHEALTH EDUCATION MATERIAL, LOOK AT HIRING PRIMARY CARE AND IMPLEMENTING DENTAL BUS, PROMOTE OSHIIP AND MARKETPLACE NAVIGATORS, EXPAND FIND-A-DOC SERVICES AND PROMOTE COMMUNITY HEALTH WORKER PROGRAMPARTNERS: SENIOR RESOURCES, OCTA, MAGRUDER HOSPITAL, CANCER SERVICES, OTTAWA CO. HEALTH DEPT., LUCAS COUNTY CARENET, OHIO DEPT. OF INSURANCEPRIORITY 4 ECONOMIC STABILITYSTRATEGIES: CREATE LISTING OF AVAILABLE AND AFFORDABLE CHILDCARE PROVIDERS, CREATE AFFORDABLE HOUSING OPTIONS, REDUCE HOMELESSNESS AND PRECARIOUS HOUSINGPARTNERS: OTTAWA COUNTY IMPROVEMENT CORPORATION, CHILDCARE COMMITTEE TASK FORCE, YWCA, RIVERVIEW HEALTHCARE CAMPUS, NORTHERN MANUFACTURING, NELSON MANUFACTURING, HOUSING TASK FORCE, OTTAWA CO. AUDITOR, FIRELANDS FORWARD WORKFORCE DEVELOPMENT, HOMELESSNESS COALITION, SALVATION ARMY, MUNICIPALITY DEVELOPERSPRIORITY 5 CHRONIC DISEASESSTRATEGIES: EXPAND PHYSICAL ACTIVITY OPPORTUNITIES, EXPAND HEALTH EDUCATION OPPORTUNITIES, EXPAND COMMUNITY HEALTH WORKER PROGRAMPARTNERS: OSU EXTENSION OFFICE, SENIOR RESOURCES, AREA OFFICE ON AGING, OTTAWA CO. HEALTH DEPT., MAGRUDER HOSPITAL, OTTAWA CO. BOARD OF DEVELOPMENTAL DISABILITIES, OTTAWA CO. JOB & FAMILY SERVICESPRIORITY 6 ENVIRONMENTAL CONDITIONSSTRATEGIES: INCREASE EDUCATION ON BED BUGS, REDUCE MOLD EXPOSURE, ADDRESS LOCAL EFFECTS OF CLIMATE CHANGE, EXPAND MOSQUITO SURVEY PROGRAM, EXPAND SEWAGE TREATMENT SYSTEM REPLACEMENT ASSISTANCE PROGRAMPARTNERS: OTTAWA CO. HEALTH DEPT., OTTAWA CO. JOB & FAMILY SERVICES, HOME HEALTH AGENCIES, LAW ENFORCEMENT, OCTA, SCHOOLS, LAKE ERIE SHORES & ISLANDS, EMERGENCY MANAGEMENT AGENCY, REGIONAL PLANNING, OHIO DEPT. OF HEALTH, ENVIRONMENTAL PROTECTION AGENCYMAGRUDER AND ALL OF THE OTTAWA COUNTY COMMUNITY HEALTH PARTNERS VIEW THIS ASSESSMENT AND PLAN AS A LIVING, BREATHING DOCUMENT THAT NEEDS TO REPRESENT THE CURRENT STATE OF OUR COMMUNITIES. TO THAT END, WE STRIVE TO ROUTINELY REVIEW THE DOCUMENT TO MAKE SURE THE GOALS AND STRATEGIES THAT WE ARE IMPLEMENTING ARE RELEVANT AND IMPACTFUL. CERTAINLY, THERE IS MUCH WORK TO BE DONE IN THESE AND MANY OTHER AREAS RELATED TO THE HEALTH OF OTTAWA COUNTY. WE ARE COMMITTED TO CONTINUING THAT WORK AS A HOSPITAL AND AS A PARTNER IN THE COMMUNITIES WE SERVE.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
Sign in to view Trantor Score and financial metrics
Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 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% |
Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics
Financial Distress Indicator
Liquidity & Cash Position
Sign in to view all financial metrics
Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics
Sign In| 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 |
| 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 |
Compare H B MAGRUDER MEMORIAL HOSPITAL with other nonprofits in Ohio and across the country.