HENRY COUNTY HOSPITAL INC (EIN 344477047) - 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

1982

Legal Domicile

Principal Officer

KRISTI BARND

Phone

4195924015

Tax Period

2023-11-01 to 2024-10-31

HENRY COUNTY HOSPITAL INC, founded in 1982, is a mid-sized nonprofit in the Health Care sector that reported $34.9M in total revenue in fiscal year 2023.

Mission

HENRY COUNTY HOSPITAL PROVIDES QUALITY HEALTHCARE AND WELLNESS SERVICES WHILE EMPHASIZING PATIENT CARE AND EXCELLENT CUSTOMER SERVICE. HENRY COUNTY HOSPITAL WILL BE THE HEALTHCARE PROVIDER OF CHOICE BY BEING THE BEST PLACE TO RECEIVE PATIENT-CENTERED CARE, WORK AND PRACTICE MEDICINE.

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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 $386,587

Program Service Revenue $32,612,880

Investment Income $3,833

Other Revenue $1,876,440

TOTAL REVENUE $34,879,740

Expense Breakdown

Grants Paid $111,067

Salaries & Benefits $18,743,019

Fundraising Expenses $0

Program Expenses $29,231,168

Other Expenses $17,739,425

TOTAL EXPENSES $36,593,511

Year-over-Year Comparison

	2023	2022	Change
Revenue	$34,879,740	$36,645,635	0.0%
Expenses	$36,593,511	$35,183,615	+0.0%
Net Income	$-1,713,771	$1,462,020	-2.2%

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

372

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

$589,919

Total Directors

$551,362

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MARVIN BARLOW	CHAIRMAN	4.00	Officer Director	$0	$0	$0
BRENT GERKEN	VICE-CHAIR	2.00	Officer Director	$0	$0	$0
JIM BURKHART	SECRETARY	2.00	Officer Director	$0	$0	$0
DR MIKE CARPENTER	TREASURER	2.00	Officer Director	$0	$0	$0
DR ERAST HAFTKOWYCZ	BOARD MEMBER & OBGYN	40.00	Director	$289,662	$21,503	$311,165
MELISSA PEPER FIRESTONE	BOARD MEMBER	2.00	Director	$0	$0	$0
RICKY FRUTH	BOARD MEMBER	2.00	Director	$0	$0	$0
JOY ERMIE	BOARD MEMBER	2.00	Director	$0	$0	$0
KRISTI BARND	CEO	40.00	Officer Director	$221,808	$18,389	$240,197
THOMAS MACK	BOARD MEMBER PARTIAL TERM	2.00	Director	$0	$0	$0
TIFFANY KENNERK	CNO	40.00	Officer	$117,860	$15,972	$133,832
JAMES NOWACZYK	CFO	40.00	Officer	$186,975	$28,915	$215,890
DR MORRIS SEAL	PHYSICIAN	20.00	Highest	$138,391	$16,892	$155,283
DR ANDREW GOMBASH	PHYSICIAN	40.00	Highest	$185,552	$18,061	$203,613
DR JOSEPH KRUEGER	PHYSICIAN	40.00	Highest	$211,539	$14,867	$226,406
MICHELE JAKUTOWICZ	PHARMACIST	40.00	Highest	$153,042	$31,078	$184,120
SARAH HUBER	MANAGER OF MEDICAL IMAGING	40.00	Highest	$143,725	$28,349	$172,074

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	$34,879,740	$36,593,511	$22,641,800	$-1,713,771
2023	$36,645,635	$35,183,615	$23,991,931	$1,462,020
2022	$35,754,453	$36,817,865	$22,828,724	$-1,063,412
2021	$37,622,894	$33,858,693	$27,959,358	$3,764,201
2020	$32,211,572	$32,499,801	$28,288,928	$-288,229
2019	$32,865,468	$32,355,475	$21,984,151	$509,993
2018	$30,847,749	$31,234,629	$21,647,817	$-386,880

HENRY COUNTY HOSPITAL INC