GIBSON GENERAL HOSPITAL

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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

1941

Legal Domicile

Principal Officer

SHANE HAYES

Phone

8123853401

Tax Period

2023-10-01 to 2024-09-30

GIBSON GENERAL HOSPITAL, founded in 1941, is a mid-sized nonprofit in the Health Care sector that reported $59.7M in total revenue in fiscal year 2023. Revenue grew 11% year-over-year, indicating healthy expansion. The organization ran a surplus of $15.8M, a strong 27% operating margin.

Mission

THE MISSION OF GIBSON GENERAL HOSPITAL AND THE SKILLED NURSING FACILITY IS TO PROVIDE HIGH QUALITY, PATIENT-CENTERED, COST-EFFECTIVE CARE FOR PEOPLE IN OUR COMMUNITY.

Program Service Accomplishments

Program 1

Expenses: $34,900,337 Revenue: $57,323,975

THE HOSPITAL'S MISSION IS TO PROVIDE HIGH QUALITY AND COST-EFFECTIVE HEALTHCARE, WHICH INCLUDES PATIENT, OUTPATIENT, AND EMERGENCY CARE SERVICES TO THE RESIDENTS OF THE SURROUNDING TRI-STATE AREA...

THE HOSPITAL'S MISSION IS TO PROVIDE HIGH QUALITY AND COST-EFFECTIVE HEALTHCARE, WHICH INCLUDES PATIENT, OUTPATIENT, AND EMERGENCY CARE SERVICES TO THE RESIDENTS OF THE SURROUNDING TRI-STATE AREA. ALL EXPENSES RELATE TO COSTS ASSOCIATED WITH PROVIDING THESE SERVICES, AND MAINLY INCLUDE SALARIES AND WAGES TO STAFF AND SUPPLIES COST. THERE WERE 400 ADMISSIONS AND 43,890 VISITS DURING THE YEAR.

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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 $0

Program Service Revenue $57,293,340

Investment Income $2,073,456

Other Revenue $329,752

TOTAL REVENUE $59,696,548

Expense Breakdown

Grants Paid $0

Salaries & Benefits $17,443,161

Fundraising Expenses $0

Program Expenses $34,900,337

Other Expenses $26,427,365

TOTAL EXPENSES $43,870,526

Year-over-Year Comparison

	2023	2022	Change
Revenue	$59,696,548	$53,568,949	+0.1%
Expenses	$43,870,526	$42,719,920	+0.0%
Net Income	$15,826,022	$10,849,029	+0.5%

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

245

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

$461,906

Total Directors

$2,774,954

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
SUSAN STRAUB	CHAIR	1.00	Officer Director	$0	$0	$1,600
DEREK MCGRAW	VICE CHAIR	1.00	Officer Director	$7,736	$0	$7,736
STEPHEN LANKFORD	SECRETARY	1.00	Officer Director	$0	$0	$0
GEORGE A BALLARD	TREASURER	1.00	Officer Director	$0	$0	$0
DR DAVID PURDOM	CHIEF OF STAFF	40.00	Director	$303,612	$48,276	$351,888
JENNIFER BARTLEY	BOARD MEMBER	1.00	Director	$0	$0	$0
HENRY BREWSTER	BOARD MEMBER	1.00	Director	$0	$0	$0
MARC JARED FLORENCE	BOARD MEMBER	1.00	Director	$0	$152,374	$818,663
BOB GIBSON	BOARD MEMBER	1.00	Director	$0	$0	$0
STEVEN IVY	BOARD MEMBER	1.00	Director	$0	$49,864	$405,823
LYNN LINGAFELTER	BOARD MEMBER	1.00	Director	$0	$192,400	$1,151,223
DUSTIN PRIESTLY	BOARD MEMBER	1.00	Director	$0	$0	$0
GREG WRIGHT	BOARD MEMBER	1.00	Director	$0	$0	$38,021
WILLIAM ALLEN WHITE MD	BOARD MEMBER PARTIAL YEAR	1.00	Director	$0	$0	$0
MARION JOCHIM	CHAIR PARTIAL TERM	1.00	Officer Director	$0	$0	$0
LOIS MORGAN	CAO	50.00	Officer	$0	$35,569	$285,488
SHANE C HAYES	CNO	50.00	Officer	$131,770	$35,312	$167,082
COREY POTTS	CRNA	40.00	Highest	$279,121	$44,697	$323,818
BETH N MCGRAW	LEAD MULTI-MODALITY TECH	40.00	Highest	$134,225	$7,527	$141,752
SARAH A JENNE	STAFF NURSE RN CAH	40.00	Highest	$121,907	$15,738	$137,645
TAMMY R WARMACK	DIRECTOR NURSING DEPT CAH	40.00	Highest	$112,367	$22,683	$135,050
ASHLEY SMITH	PHYSICIAN	40.00	Highest	$313,474	$17,177	$330,651
SHAWN MCCOY	CEO DHS	0.00		$0	$329,209	$2,055,319

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	$59,696,548	$43,870,526	$74,276,673	$15,826,022
2023	$53,568,949	$42,719,920	$59,188,001	$10,849,029
2022	$48,150,212	$42,030,341	$49,017,736	$6,119,871
2021	$48,120,647	$38,792,732	$49,838,918	$9,327,915
2020	$34,679,253	$36,244,708	$35,967,803	$-1,565,455
2019	$33,149,686	$33,115,101	$24,802,023	$34,585
2018	$31,033,680	$32,126,898	$20,894,624	$-1,093,218