GIBSON GENERAL HOSPITAL

EIN: 350877575 501(c)(3) Health Care

PRINCETON, IN

Total Revenue
$59,696,548
Total Expenses
$43,870,526
Total Assets
$74,276,673
Net Assets
$56,814,114
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1941
Legal Domicile
IN
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

TO PROVIDE HIGH QUALITY, PATIENT-CENTERED, COST-EFFECTIVE CARE FOR PEOPLE IN THE COMMUNITY.

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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%)

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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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Governance

Voting Members
13
Independent Members
8
Employees
245
Volunteers
26

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
7
$461,906
Total Directors
15
$2,774,954
Key Employees
0
$0
Highest Compensated
5
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
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