Memorial Hospital of South Bend Inc (EIN 350868132) - Form 990 Financial Analysis & Trantor Score

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

1923

Legal Domicile

Phone

5746473549

Tax Period

2023-01-01 to 2023-12-31

Memorial Hospital of South Bend Inc, founded in 1923, is a major nonprofit in the Health Care sector that reported $730.5M in total revenue in fiscal year 2023. The organization ran a surplus of $138.7M, a strong 19% operating margin.

Mission

WE DELIVER OUTSTANDING CARE, INSPIRE HEALTH AND CONNECT WITH HEART.

🔒

Trantor Score

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%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $5,467,805

Program Service Revenue $702,912,880

Investment Income $980,489

Other Revenue $21,181,074

TOTAL REVENUE $730,542,248

Expense Breakdown

Grants Paid $391,700

Salaries & Benefits $245,500,017

Fundraising Expenses $0

Program Expenses $541,566,389

Other Expenses $345,904,362

TOTAL EXPENSES $591,796,079

Year-over-Year Comparison

	2023	2022	Change
Revenue	$730,542,248	$696,580,941	+0.0%
Expenses	$591,796,079	$597,116,524	0.0%
Net Income	$138,746,169	$99,464,417	+0.4%

Key Indicators

✓ Grants to Organizations ✗ Grants to Individuals ✓ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

🔒

Financial Health Indicators

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

Governance

Voting Members

Independent Members

Employees

3825

Volunteers

376

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

$3,062,880

Total Directors

$207,656

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
N/A	Chair thru 3/31/23	2.0	Officer Director	$540	$0	$540
N/A	Director/Chair begin 3/31/23	2.0	Officer Director	$225	$0	$225
N/A	Secretary	2.0	Officer Director	$0	$25,832	$203,686
N/A	Vice Chair	2.0	Officer Director	$0	$0	$0
N/A	Director	2.0	Director	$225	$0	$225
N/A	Director	2.0	Director	$225	$0	$225
N/A	Director	2.0	Director	$225	$0	$225
N/A	Director	2.0	Director	$1,220	$0	$1,220
N/A	Director	2.0	Director	$225	$0	$225
N/A	Director	2.0	Director	$860	$0	$860
N/A	Director	2.0	Director	$225	$0	$225
N/A	CFO	2.0	Officer	$0	$118,036	$862,270
N/A	CEO	2.0	Officer	$0	$170,134	$1,332,846
N/A	President	40.0	Officer	$559,220	$104,093	$663,313
N/A	Dir of Med Residency Program	40.0	Highest	$300,991	$35,210	$336,201
N/A	Dir of Sports Medicine	40.0	Highest	$312,112	$35,834	$347,946
N/A	Assoc. Dir Resident Program	40.0	Highest	$303,145	$19,740	$322,885
N/A	Employed Physician	40.0	Highest	$302,694	$28,743	$331,437
N/A	VP Medical Affairs	40.0	Highest	$423,821	$38,089	$461,910

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	$730,542,248	$591,796,079	$668,333,733	$138,746,169
2022	$696,580,941	$597,116,524	$591,875,904	$99,464,417
2021	$682,301,265	$571,302,627	$567,070,116	$110,998,638
2020	$624,134,532	$505,766,564	$574,259,157	$118,367,968
2019	$605,429,595	$510,026,191	$554,946,020	$95,403,404
2018	$605,234,698	$485,573,607	$538,957,796	$119,661,091

Memorial Hospital of South Bend Inc