Richmond, IN
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)Reid Hospital & Health Care Services Inc, founded in 1902, is a major nonprofit in the Health Care sector that reported $594.2M in total revenue in fiscal year 2024. Expenses of $518.8M left a modest 13% surplus.
OUR MISSION: TO LEAD OUR COMMUNITIES TO WELL-BEING, ONE PERSON AT A TIME. THIS MISSION IS CARRIED OUT BY SERVING THE PEOPLE OF A MULTI-COUNTY SERVICE AREA IN REFERENCE TO THEIR CURRENT AND FUTURE NEEDS FOR HEALTH CARE SERVICES. OUR MAJOR FUNCTIONS ARE TO: 1.) PROVIDE A BROADLY DEFINED RANGE OF HEALTH CARE SERVICES THAT: A.) ADDRESS COMMUNITY AND SERVICE AREA NEEDS, B.) CAN BE OFFERED IN A HIGH QUALITY MANNER, AND C.) PROVIDE COST-EFFECTIVE VALUE; 2.) SUPPORT, ALONE OR COLLABORATIVELY, EDUCATIONAL EFFORTS DIRECTED TOWARD: A.) ENTRY LEVEL PREPARATION OF HEALTH CARE WORKERS, B.) LIFE-LONG LEARNING FOR THOSE SERVING IN HEALTH CARE, AND C.) ENHANCE HEALTHY LIFESTYLES AND CHOICES IN THE PEOPLE WE SERVE; AND 3.) INITIATE, PARTICIPATE, OR COOPERATIVELY SUPPORT COMMUNITY EFFORTS THAT ENHANCE THE GENERAL HEALTH STATUS, WELL-BEING AND TOTAL QUALITY OF LIFE IN OUR COMMUNITY AND SERVICE AREA.
o THE MISSION OF REID HOSPITAL & HEALTH CARE SERVICES, INC. IS TO SERVE THE PEOPLE OF A MULTI-COUNTY SERVICE AREA IN REFERENCE TO THEIR CURRENT AND FUTURE NEEDS FOR HEALTH CARE SERVICES. IN...
o THE MISSION OF REID HOSPITAL & HEALTH CARE SERVICES, INC. IS TO SERVE THE PEOPLE OF A MULTI-COUNTY SERVICE AREA IN REFERENCE TO THEIR CURRENT AND FUTURE NEEDS FOR HEALTH CARE SERVICES. IN FURTHERANCE OF THIS MISSION, REID HOSPITAL & HEALTH CARE SERVICES, INC. PROVIDES QUALITY HEALTHCARE REGARDLESS OF RACE, CREED, SEX, NATIONAL ORIGIN, AGE, OR ABILITY TO PAY. DURING 2024, REID HOSPITAL & HEALTH CARE SERVICES, INC. ADMITTED APPROXIMATELY 13,816 PATIENTS FOR IN-PATIENT SERVICES REPRESENTING 50,784 PATIENT DAYS; 626 BIRTHS REPRESENTING 1,301 NEWBORN PATIENT DAYS AND PERFORMED APPROXIMATELY 1,752 IN-PATIENT SURGERIES. IN ADDITION, REID HOSPITAL & HEALTH CARE SERVICES, INC. RECEIVED 331,491 OUT-PATIENT ENCOUNTERS FOR NON-EMERGENCY DIAGNOSTIC AND TREATMENT SERVICES INCLUDING 10,395 AMBULATORY SURGERIES AND 18,468 HOME HEALTH ENCOUNTERS. REID HOSPITAL & HEALTH CARE SERVICES, INC. OFFERS EMERGENCY SERVICES 24 HOURS PER DAY, 365 DAYS EACH YEAR. IN 2024, 54,358 PATIENTS WERE TREATED THROUGH EMERGENCY SERVICES. IN KEEPING WITH REID HOSPITAL & HEALTH CARE SERVICES, INC.'S COMMITMENT TO SERVE ALL MEMBERS OF OUR MULTI-COUNTY SERVICE AREA, REID HOSPITAL & HEALTH CARE SERVICES, INC. PROVIDES HEALTHCARE TO THE ELDERLY AND DISABLED COVERED UNDER MEDICARE AND MEDICAID PROGRAMS AT OR BELOW COST. IN ADDITION, REID HOSPITAL & HEALTH CARE SERVICES, INC. HAS ESTABLISHED A FINANCIAL ASSISTANCE POLICY FOR THE POOR WHO DO NOT HAVE THE MEANS TO PAY FOR SERVICES. FOR 2024, FINANCIAL ASSISTANCE FOR THE POOR WAS $6.3 MILLION. TO ENSURE MEMBERS OF OUR SERVICE COMMUNITY HAVE ADEQUATE ACCESS AND RESOURCES AVAILABLE TO MEET THEIR HEALTHCARE NEEDS, REID HOSPITAL & HEALTH CARE SERVICES, INC. HAS UNDERTAKEN A DELIBERATE PHYSICIAN RECRUITMENT PROGRAM CONSISTENT WITH IRS GUIDANCE. THIS PROGRAM PROVIDES ASSURANCE THAT OUR SERVICE COMMUNITY HAS ADEQUATE AND QUALIFIED PHYSICIAN RESOURCES COVERING VARIETY OF SPECIALTY AREAS. THE COST OF FUNDING THIS RECRUITMENT EFFORT WAS $1,358,565 FOR 2024. IN ADDITION, REID HOSPITAL & HEALTHCARE SERVICES, INC. IS COMMITTED TO INITIATING, PARTICIPATING IN, OR COOPERATIVELY SUPPORTING COMMUNITY EFFORTS THAT ENHANCE THE GENERAL HEALTH STATUS, WELL-BEING AND TOTAL QUALITY OF LIFE IN OUR SERVICE COMMUNITY.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2024 | 2023 | Change | |
|---|---|---|---|
| Revenue | $594,223,532 | $551,319,963 | +0.1% |
| Expenses | $518,834,713 | $541,610,340 | 0.0% |
| Net Income | $75,388,819 | $9,709,623 | +6.8% |
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
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| BONITA WASHINGTON-LACEY | BOARD MEMBER - SECRETARY | 3.0 |
Officer
Director
|
$0 | $0 | $0 |
| CRAIG KINYON | PRESIDENT - CHIEF EXECUTIVE OFFICER | 50.0 |
Officer
Director
|
$2,541,651 | $151,329 | $2,692,980 |
| GARRY KLEER | Board Member / Board Member - Treasurer (Term Start 8/2024) | 6.0 |
Officer
Director
|
$0 | $0 | $0 |
| JAMES TANNER | BOARD MEMBER - 2ND VICE CHAIR | 3.0 |
Officer
Director
|
$0 | $0 | $0 |
| MARK HARRINGTON | Board Member - Treasurer (Term End 8/2024) / Board Member Chair (Term Start 8/2024) | 6.0 |
Officer
Director
|
$0 | $0 | $0 |
| PAUL LINGLE | Board Member - 1st Vice Chair | 3.0 |
Officer
Director
|
$0 | $0 | $0 |
| TOM HILKERT | Board Member / Chair (Term End 8/2024) | 6.0 |
Officer
Director
|
$0 | $0 | $0 |
| ALEASIA STEWART | BOARD MEMBER | 3.0 |
Director
|
$0 | $0 | $0 |
| Annuradah Bhandari MD | Board Member | 3.0 |
Director
|
$0 | $16,971 | $504,669 |
| Brad Collins | Board Member | 3.0 |
Director
|
$0 | $0 | $0 |
| BRETT GUILEY | Board Member | 3.0 |
Director
|
$0 | $0 | $0 |
| DAVE JONES | BOARD MEMBER | 3.0 |
Director
|
$0 | $0 | $0 |
| DENISE RETZ | BOARD MEMBER | 3.0 |
Director
|
$0 | $0 | $0 |
| JOHN HENDERSON | BOARD MEMBER | 3.0 |
Director
|
$0 | $0 | $0 |
| JOHN MCGINTY MD | BOARD MEMBER | 3.0 |
Director
|
$0 | $41,835 | $888,728 |
| JORDAN RAYNOR MD | BOARD MEMBER | 3.0 |
Director
|
$0 | $21,077 | $544,142 |
| KATHY GIRTEN | Board Member | 3.0 |
Director
|
$0 | $0 | $0 |
| MORGAN HOWARD | BOARD MEMBER | 3.0 |
Director
|
$0 | $0 | $0 |
| ROBIN HENRY | BOARD MEMBER | 3.0 |
Director
|
$0 | $0 | $0 |
| Sam Iden MD | Board Member | 3.0 |
Director
|
$0 | $41,438 | $577,167 |
| Benjamin Wells | Chief Financial Officer | 50.0 |
Officer
|
$242,697 | $26,696 | $269,393 |
| Billie Kester | Vice President - Ambulatory Care and Service Lines | 50.0 |
Officer
|
$408,320 | $48,026 | $456,346 |
| Jason Troutwine | Vice President - Foundation President | 50.0 |
Officer
|
$326,078 | $37,208 | $363,286 |
| Michelle McClurg | Vice President - Ancillary and Support Services | 50.0 |
Officer
|
$350,089 | $35,892 | $385,981 |
| Misti Foust-Cofield | Vice President - Chief Nursing Officer | 50.0 |
Officer
|
$412,818 | $39,036 | $451,854 |
| Muhammad Siddiqui | Vice President - Chief Information Officer | 50.0 |
Officer
|
$433,297 | $40,887 | $474,184 |
| PAMELA JONES | Vice President - General Counsel | 50.0 |
Officer
|
$531,419 | $42,267 | $573,686 |
| Vinay Bhooma | Vice President - Chief Medical Officer (Term Ended) | 50.0 |
Officer
|
$604,897 | $31,301 | $636,198 |
| Bradley Hester | Director - Pharmacy | 50.0 |
Highest
|
$229,364 | $13,904 | $243,268 |
| Prema Vuyyuri | Director - Data Analytics & Insights | 50.0 |
Highest
|
$216,768 | $9,521 | $226,289 |
| Randall Bierman | Chief Compliance Officer | 50.0 |
Highest
|
$249,538 | $21,878 | $271,416 |
| Suzanne Marcum | Chief Administrative Officer | 50.0 |
Highest
|
$205,411 | $22,413 | $227,824 |
| Timothy Love | Consultant | 50.0 |
Highest
|
$225,094 | $12,601 | $237,695 |
| Angela Dickman | Former Vice President | 0.0 |
|
$114,368 | $0 | $114,368 |
| Carrie Kolentus | Former Vice President - Chief Human Resources Officer | 0.0 |
|
$120,000 | $0 | $120,000 |
| Christopher Knight | Former Chief Financial Officer | 0.0 |
|
$632,137 | $339 | $632,476 |
| JANET MECKLEY MD | Former BOARD MEMBER | 0.0 |
|
$0 | $36,600 | $417,771 |
| Jennifer Ehlers | Former Vice President - Chief Quality Officer | 0.0 |
|
$116,246 | $0 | $116,246 |
| ROY TENG DO | FORMER BOARD MEMBER | 0.0 |
|
$0 | $44,637 | $1,064,713 |
| Thomas Huth | Former Vice President - Medical Affairs | 0.0 |
|
$501,008 | $0 | $501,008 |
| WILLIAM BLACK | FORMER BOARD MEMBER | 0.0 |
|
$0 | $0 | $27,030 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2024 | $594,223,532 | $518,834,713 | $1,698,006,574 | $75,388,819 |
| 2023 | $551,319,963 | $541,610,340 | $1,611,946,474 | $9,709,623 |
| 2022 | $575,358,834 | $510,028,718 | $1,549,441,015 | $65,330,116 |
| 2021 | $692,459,515 | $514,457,286 | $1,518,439,939 | $178,002,229 |
| 2020 | $538,882,132 | $449,520,105 | $1,396,842,064 | $89,362,027 |
| 2019 | $476,746,606 | $406,520,221 | $1,217,959,519 | $70,226,385 |
| 2018 | $468,600,048 | $389,667,178 | $1,065,106,446 | $78,932,870 |
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