COMMUNITY HOWARD REGIONAL HEALTH I… - Form 990 Financial Data

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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

1992

Legal Domicile

Principal Officer

DEREK MCMICHAEL

Phone

7654538371

Tax Period

2023-01-01 to 2023-12-31

COMMUNITY HOWARD REGIONAL HEALTH INC, founded in 1992, is a major nonprofit in the Unknown sector that reported $224.4M in total revenue in fiscal year 2023. Expenses of $193.7M left a modest 14% surplus.

Mission

OUR MISSION IS TO PROVIDE EXCEPTIONAL QUALITY, PATIENT-CENTERED CARE. IN KEEPING WITH OUR MISSION, WE EMBRACE THE FOLLOWING VALUES: COMPASSION AND UNDERSTANDING; CUSTOMER SERVICE; DEDICATION AND COMMITMENT TO PROVIDE THE HIGHEST QUALITY SERVICES AND TO MEET THE NEEDS OF OUR COMMUNITY; RESPECT FOR OUR PATIENTS, VISITORS, PHYSICIANS, AND STAFF; SAFETY; A SAFE AND POSITIVE WORKING ENVIRONMENT; AND TRUTH AND INTEGRITY IN ALL ENCOUNTERS AND SERVICES OFFERED.

Program Service Accomplishments

Program 1

Expenses: $141,223,020 Revenue: $216,697,611

COMMUNITY HOWARD REGIONAL HEALTH, INC. ("CHRH") OPERATES AN ACUTE CARE FULL SERVICE HOSPITAL IN KOKOMO, INDIANA WITH 107 STAFFED BEDS. IN 2023, THE MAIN HOSPITAL SERVED 4,808 INPATIENTS WITH A TOTAL OF 17,252 INPATIENT DAYS OF SERVICE. THE HOSPITAL ALSO PROVIDED 304,595 OUTPATIENT VISITS, WHICH INCLUDED 32,626 EMERGENCY VISITS. CHRH PROVIDES SERVICES INCLUDING WOMEN AND CHILDREN'S HEALTHCARE, CANCER CARE, CARDIOVASCULAR CARE, SURGICAL SERVICES, BEHAVIORAL HEALTH, AND PEDIATRIC SERVICES.

Program 2

Expenses: $41,250

PROVIDED DONATIONS TO OTHER ORGANIZATIONS IN THE CENTRAL INDIANA COMMUNITY SERVED BY CHRH.

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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 $5,635,477

Program Service Revenue $216,627,686

Investment Income $1,529,302

Other Revenue $633,670

TOTAL REVENUE $224,426,135

Expense Breakdown

Grants Paid $41,250

Salaries & Benefits $72,537,331

Fundraising Expenses $0

Program Expenses $141,264,270

Other Expenses $121,075,939

TOTAL EXPENSES $193,654,520

Year-over-Year Comparison

	2023	2022	Change
Revenue	$224,426,135	$208,002,339	+0.1%
Expenses	$193,654,520	$184,512,533	+0.0%
Net Income	$30,771,615	$23,489,806	+0.3%

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

891

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

$2,626,375

Total Directors

$2,750,745

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ELIZABETH THARP MBA BSN RN	SVP-HOSPITAL ACUTE SERVICES/CNO	2.00	Officer Director	$0	$299,033	$842,307
COURTNEY HOLLAND MD	DIRECTOR	2.00	Director	$0	$144,728	$841,846
SYED KHAN MD	PSYCHIATRIST	50.00	Highest	$679,399	$45,218	$724,617
BENJAMIN CHIU MD	VICE CHAIR THROUGH JUNE 2023	2.00	Officer Director	$0	$125,307	$584,388
JENNIFER HINDMAN	DIRECTOR/VP-HOSP ADMIN THR MAR 2023	12.50	Officer Director	$85,616	$139,739	$482,204
LAXESHKUMAR PATEL MD	PSYCHIATRIST	50.00	Highest	$292,481	$99,234	$391,715
DOUGLAS COOK MD	PSYCHIATRIST	50.00	Highest	$285,406	$95,812	$381,218
JOHN BILO	VP-FINANCE	48.00	Officer	$0	$114,588	$368,656
DEREK MCMICHAEL	VP-HOSPITAL ADMINISTRATOR	48.00	Officer	$258,715	$90,105	$348,820
JOHN SCHILTZ MD	PSYCHIATRIST	50.00	Highest	$295,529	$94,744	$390,273
SHILPA PURI MD	PSYCHIATRIST	50.00	Highest	$276,037	$45,772	$321,809
DIANE COGDELL	DIRECTOR	2.00	Director	$0	$0	$0
ROBERT HAYES	CHAIR THROUGH JUNE 2023	2.00	Officer Director	$0	$0	$0
KAREN MCLEAN	CHAIR	2.00	Officer Director	$0	$0	$0
SHARON REED	DIRECTOR	2.00	Director	$0	$0	$0
TRISH SEVERNS	DIRECTOR	2.00	Director	$0	$0	$0
REBECCA VENT	VICE CHAIR	2.00	Officer Director	$0	$0	$0
BRIDGET WHITMORE	SECRETARY	2.00	Officer Director	$0	$0	$0

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	$224,426,135	$193,654,520	$385,282,322	$30,771,615
2022	$208,002,339	$184,512,533	$348,559,048	$23,489,806
2021	$226,466,776	$168,224,351	$314,937,955	$58,242,425
2020	$183,340,636	$166,070,904	$259,350,623	$17,269,732
2019	$182,272,774	$146,970,638	$215,631,572	$35,302,136
2018	$172,345,809	$127,496,199	$176,077,603	$44,849,610

COMMUNITY HOWARD REGIONAL HEALTH INC