WHITLEY MEMORIAL HOSPITAL INC (EIN 351967665) - Form 990 Financial Analysis & Trantor Score

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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

1995

Legal Domicile

Principal Officer

GREG JOHNSON

Phone

2603738429

Tax Period

2023-01-01 to 2023-12-31

WHITLEY MEMORIAL HOSPITAL INC, founded in 1995, is a major nonprofit in the Health Care sector that reported $104.1M in total revenue in fiscal year 2023. Revenue grew 10% year-over-year, indicating healthy expansion. Expenses of $92.4M left a modest 11% surplus.

Mission

IMPROVE HEALTH & PROVIDE QUALITY HEALTH SERVICES TO ALL WHO ENTRUST THEIR CARE TO US.

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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 $153,431

Program Service Revenue $103,069,517

Investment Income $763,078

Other Revenue $127,939

TOTAL REVENUE $104,113,965

Expense Breakdown

Grants Paid $45,381

Salaries & Benefits $32,701,101

Fundraising Expenses $0

Program Expenses $73,166,185

Other Expenses $59,608,821

TOTAL EXPENSES $92,355,303

Year-over-Year Comparison

	2023	2022	Change
Revenue	$104,113,965	$94,803,911	+0.1%
Expenses	$92,355,303	$86,260,060	+0.1%
Net Income	$11,758,662	$8,543,851	+0.4%

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

481

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

$4,005,420

Total Directors

$1,975,268

Key Employees

$504,953

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
SVETLANA HAGAN	DIRECTOR/PH PHYSICIAN	1.00	Director	$10,834	$56,328	$371,744
SCOTT GABRIEL	DIRECTOR/MARKET PRESIDENT	39.00	Officer Director	$353,558	$113,469	$467,027
BRIDGET DOLOHANTY-JOHNSON	DIRECTOR/SECRETARY/TREASURER	1.00	Officer Director	$4,500	$0	$4,500
DAVID LIEB	DIRECTOR/WMHOS CONTRACTED PHYSICIAN	1.00	Director	$18,000	$0	$18,000
JIM HEUER	DIRECTOR	1.00	Director	$4,500	$0	$4,500
MARK JOHNSON	DIRECTOR	1.00	Director	$3,250	$0	$3,250
JOSEPH KESSIE	DIRECTOR	1.00	Director	$3,750	$0	$3,750
DJ SIGLER JR	DIRECTOR	1.00	Director	$3,000	$0	$3,000
DAVID SMITH	DIRECTOR/VICE CHAIR	1.00	Officer Director	$4,500	$0	$4,500
BRAD VOELZ	DIRECTOR/CHAIR	1.00	Officer Director	$6,250	$0	$8,500
LAURA MCDERMOTT	DIRECTOR	1.00	Director	$4,250	$0	$4,250
JANE WEAR	DIRECTOR	1.00	Director	$4,750	$0	$4,750
GREG JOHNSON	DIRECTOR/REGIONAL MARKET PRESIDENT	1.00	Officer Director	$0	$189,006	$1,077,497
JEANNE' WICKENS	PH CHIEF FINANCIAL OFFICER	1.00	Officer	$0	$277,888	$2,443,396
JEFFREY ROCKETT	WMHOS VP OUTPATIENT CARE SVCS	40.00	Key Emp	$228,298	$48,037	$276,335
ASHLEY WIRGES	WMHOS VP PATIENT CARE SVCS	40.00	Key Emp	$185,309	$43,309	$228,618
AMANDA KNOWLES	WMHOS MGR PHARMACY	40.00	Highest	$219,144	$51,548	$270,692
BENJAMIN MAGGARD	WMHOS PHARMACIST	37.00	Highest	$155,199	$47,110	$207,990
CHARLES JINKS	WMHOS PHARMACIST	37.00	Highest	$141,367	$33,577	$180,056
PETER TALATI	WMHOS MGR REHAB	40.00	Highest	$142,356	$39,417	$181,773
ANGELIA RAMIREZ	WMHOS MGR NURSING SVCS	14.00	Highest	$46,950	$40,339	$181,580
MICHAEL PACKNETT	FORMER OFFICER/RETIRED PH CEO	0.00		$0	$29,253	$5,063,462

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	$104,113,965	$92,355,303	$175,491,247	$11,758,662
2022	$94,803,911	$86,260,060	$133,949,774	$8,543,851
2021	$103,451,903	$81,100,054	$159,376,222	$22,351,849
2020	$87,998,288	$78,794,930	$128,120,921	$9,203,358
2019	$97,231,224	$85,553,678	$109,761,803	$11,677,546
2019	$97,231,224	$85,553,678	$109,761,803	$11,677,546
2018	$89,358,973	$79,918,672	$94,040,245	$9,440,301

WHITLEY MEMORIAL HOSPITAL INC