Elkhart General Hospital Inc

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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

1909

Legal Domicile

Phone

5745233208

Tax Period

2023-01-01 to 2023-12-31

Elkhart General Hospital Inc, founded in 1909, is a major nonprofit in the Health Care sector that reported $365.6M in total revenue in fiscal year 2023. Expenses of $320.8M left a modest 12% surplus.

Mission

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

Program Service Accomplishments

Program 1

Expenses: $291,125,988 Revenue: $362,928,440

ELKHART GENERAL HOSPITAL, INC. HAS BEEN PROVIDING COMPREHENSIVE, ADVANCED MEDICAL CARE PRIMARILY TO ELKHART COUNTY AND OTHER CONTIGUOUS COUNTIES IN NORTH CENTRAL INDIANA AND SOUTH CENTRAL MICHIGAN...

ELKHART GENERAL HOSPITAL, INC. HAS BEEN PROVIDING COMPREHENSIVE, ADVANCED MEDICAL CARE PRIMARILY TO ELKHART COUNTY AND OTHER CONTIGUOUS COUNTIES IN NORTH CENTRAL INDIANA AND SOUTH CENTRAL MICHIGAN FOR OVER 100 YEARS. ELKHART GENERAL HOSPITAL, INC. CONSISTS OF A 365-BED LICENSED HOSPITAL THAT PROVIDES SERVICES WITHOUT REGARD TO PATIENT RACE, RELIGION, NATIONAL ORIGIN, ECONOMIC STATUS, OR ABILITY TO PAY. DURING 2023, THE HOSPITAL ADMITTED 11,136 PATIENTS FOR A TOTAL OF 43,910 INPATIENT DAYS. INPATIENT UNITS CONSISTED OF MEDICAL, POST-SURGICAL, ONCOLOGY, PEDIATRIC, CRITICAL CARE, CARDIAC CARE, BEHAVIORAL HEALTH, REHABILITATION, OBSTETRIC, AND NURSERY INTENSIVE CARE. THE HOSPITAL ALSO PROVIDED 5,068 OUTPATIENT SURGERIES, 44,540 EMERGENCY ROOM VISITS, AND 45,817 ANCILLARY SERVICES. ELKHART GENERAL HOSPITAL ALSO PROVIDED $40,079,761 IN UNREIMBURSED CARE TO THE ELDERLY COVERED BY MEDICARE, AND $5,295,845 IN FINANCIAL ASSISTANCE. PART OF THE MISSION OF ELKHART GENERAL HOSPITAL IS TO PROVIDE FOR A HEALTHIER COMMUNITY THROUGH MEDICATION ASSISTANCE PROGRAMS AND COMMUNITY HEALTH EDUCATION. Due to the Non-Revenue generating or community investment nature of many of the programs, they operate at a loss. See Schedule H for the details on the community outreach represented in other program services.

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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 $318,234

Program Service Revenue $362,276,419

Investment Income $276,807

Other Revenue $2,764,538

TOTAL REVENUE $365,635,998

Expense Breakdown

Grants Paid $431,718

Salaries & Benefits $125,698,773

Fundraising Expenses $0

Program Expenses $291,125,988

Other Expenses $194,689,436

TOTAL EXPENSES $320,819,927

Year-over-Year Comparison

	2023	2022	Change
Revenue	$365,635,998	$359,309,121	+0.0%
Expenses	$320,819,927	$344,446,384	-0.1%
Net Income	$44,816,071	$14,862,737	+2.0%

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

2013

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

$3,123,548

Total Directors

$374,431

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
N/A	Secretary thru 3/31/23	2.0	Officer Director	$0	$0	$1,314
N/A	Vice Chair	2.0	Officer Director	$1,220	$0	$1,220
N/A	Secretary	2.0	Officer Director	$225	$0	$225
N/A	Chair	2.0	Officer Director	$0	$19,149	$367,178
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	$1,220	$0	$1,220
N/A	Director	2.0	Director	$479	$0	$479
N/A	Director	2.0	Director	$225	$0	$225
N/A	Director	2.0	Director	$900	$0	$900
N/A	President	40.0	Officer	$467,217	$91,278	$558,495
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	VP Operations	40.0	Highest	$206,499	$9,769	$216,268
N/A	Lead Perfusionist	40.0	Highest	$341,455	$36,227	$377,682
N/A	Perfusionist	40.0	Highest	$304,117	$35,279	$339,396
N/A	Perfusionist	40.0	Highest	$246,147	$32,490	$278,637
N/A	VP Medical Affairs	40.0	Highest	$393,300	$15,330	$408,630

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	$365,635,998	$320,819,927	$274,314,068	$44,816,071
2022	$359,309,121	$344,446,384	$270,751,853	$14,862,737
2021	$364,459,005	$337,338,007	$272,178,207	$27,120,998
2020	$326,309,119	$288,201,105	$282,553,250	$38,108,014
2019	$326,089,527	$291,446,278	$268,303,641	$34,643,249
2018	$316,643,689	$285,163,835	$264,437,301	$31,479,854