HUNTINGTON MEMORIAL HOSPITAL INC (EIN 351970706) - 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

HUNTINGTON MEMORIAL HOSPITAL INC, founded in 1995, is a mid-sized nonprofit in the Health Care sector that reported $78.4M in total revenue in fiscal year 2023. Revenue grew 14% year-over-year, indicating healthy expansion. Expenses of $70.4M left a modest 10% 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 $103,591

Program Service Revenue $77,514,615

Investment Income $500,349

Other Revenue $267,350

TOTAL REVENUE $78,385,905

Expense Breakdown

Grants Paid $61,750

Salaries & Benefits $25,778,142

Fundraising Expenses $0

Program Expenses $56,773,381

Other Expenses $44,544,518

TOTAL EXPENSES $70,384,410

Year-over-Year Comparison

	2023	2022	Change
Revenue	$78,385,905	$68,713,910	+0.1%
Expenses	$70,384,410	$65,276,713	+0.1%
Net Income	$8,001,495	$3,437,197	+1.3%

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

368

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

$4,312,409

Total Directors

$2,223,689

Key Employees

$237,623

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ALLISON MEYER	DIRECTOR/PH PHYSICIAN	1.00	Director	$11,933	$30,213	$322,426
DOUGLAS SELIG	DIRECTOR/PARTIAL YR/CURRENT HMHOS VP	39.00	Officer Director	$291,227	$99,501	$390,728
DEREK DYER	DIRECTOR/TREASURER	1.00	Officer Director	$4,750	$0	$4,750
MATT ECKERT	DIRECTOR	1.00	Director	$4,250	$0	$4,250
SUSAN ZAHN	DIRECTOR/CHAIR	1.00	Officer Director	$6,250	$0	$7,500
JENNIFER NEWTON	DIRECTOR	1.00	Director	$4,000	$0	$4,000
ERICH ELLER	DIRECTOR/SECRETARY	1.00	Officer Director	$4,250	$0	$4,250
BARBARA DRUMMOND	DIRECTOR/VICE CHAIR	1.00	Officer Director	$4,750	$0	$4,750
JEREMIAH ASHE	DIRECTOR/HMHOS CONTRACTED PHYSICIAN	1.00	Director	$18,000	$0	$18,000
ROBERT KEMP	DIRECTOR	1.00	Director	$2,500	$0	$2,500
TRENT WOLFE	DIRECTOR	1.00	Director	$3,500	$0	$3,500
GREG JOHNSON	DIRECTOR/REGIONAL MARKET PRESIDENT	1.00	Officer Director	$0	$189,006	$1,077,497
DEBRA POTEMPA	DIRECTOR/MARKET PRESIDENT	1.00	Officer Director	$0	$67,387	$379,538
JEANNE' WICKENS	PH CHIEF FINANCIAL OFFICER	1.00	Officer	$0	$277,888	$2,443,396
ALISON PERSHING	HMHOS VP PATIENT CARE SVCS	39.00	Key Emp	$189,495	$35,898	$237,623
TODD SIDER	HMHOS ASSOCIATE CMO	12.00	Highest	$191,991	$63,300	$444,508
BRYAN HALL	HMHOS MGR PHARMACY	40.00	Highest	$195,924	$51,091	$247,015
STEVEN HOMRICH	HMHOS PHARMACIST	32.00	Highest	$134,003	$28,986	$190,783
TAMI SMITH	HMHOS REGISTERED NURSE	2.00	Highest	$3,487	$24,269	$158,865
EDWARD STRUBEL III	HMHOS PHARMACIST	37.00	Highest	$127,692	$39,640	$172,782
MICHAEL PACKNETT	FORMER OFFICER/RETIRED PH CEO	0.00		$0	$29,253	$5,063,462
STEVEN WYNDER	FORMER OFFICER/CURRENT PH PHYSICIAN	0.00		$0	$65,607	$1,065,736
JULI JOHNSON	FORMER OFFICER/CURRENT PH CNE	0.00		$0	$158,765	$735,538

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	$78,385,905	$70,384,410	$97,545,671	$8,001,495
2022	$68,713,910	$65,276,713	$84,698,817	$3,437,197
2021	$74,113,504	$60,653,250	$89,904,381	$13,460,254
2020	$72,020,084	$63,541,313	$75,329,589	$8,478,771
2019	$74,698,268	$64,183,901	$66,868,332	$10,514,367
2019	$74,698,268	$64,183,901	$66,868,332	$10,514,367
2018	$72,122,627	$58,313,853	$60,396,413	$13,808,774

HUNTINGTON MEMORIAL HOSPITAL INC