STURGIS HOSPITAL INC (EIN 352362438) - 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

2009

Legal Domicile

Principal Officer

ROBERT J MORIN

Phone

2696594400

Tax Period

2017-10-01 to 2018-09-30

STURGIS HOSPITAL INC, founded in 2009, is a mid-sized nonprofit that reported $45.6M in total revenue in fiscal year 2017. Revenue decreased 12% compared to the prior year.

Mission

STURGIS HOSPITAL IS AN 84-BED LICENSED, ACUTE CARE FACILITY SERVING A POPULATION OF APPROXIMATELY 50,000. IT EXISTS TO ENSURE THAT THE COMMUNITY HAS ADEQUATE ACCESS TO HEALTHCARE.

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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 (2017)

Revenue Breakdown

Contributions & Grants $263,779

Program Service Revenue $44,673,651

Investment Income $470,264

Other Revenue $208,643

TOTAL REVENUE $45,616,337

Expense Breakdown

Grants Paid $0

Salaries & Benefits $26,330,094

Fundraising Expenses $0

Program Expenses $36,779,430

Other Expenses $23,841,732

TOTAL EXPENSES $50,171,826

Year-over-Year Comparison

	2017	2016	Change
Revenue	$45,616,337	$51,902,048	-0.1%
Expenses	$50,171,826	$54,050,193	-0.1%
Net Income	$-4,555,489	$-2,148,145	+1.1%

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

443

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

$524,490

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
THOMAS ROCK	BOARD SECRETARY/TREASURER	1.00	Officer Director	$0	$0	$0
JOHN MAYER	BOARD PRESIDENT	1.00	Officer Director	$0	$0	$0
P JOSEPH HAAS JR	BOARD VICE-PRESIDENT	1.00	Officer Director	$0	$0	$0
VICKI WATSON	BOARD DIRECTOR	1.00	Director	$0	$0	$0
BHARAT VAKHARIA	BOARD DIRECTOR	1.00	Director	$0	$0	$0
ERIC JONES	BOARD DIRECTOR	1.00	Director	$0	$0	$0
FLOYD KUNCE	BOARD DIRECTOR	1.00	Director	$0	$0	$0
JEANNIE GERCHOW	BOARD DIRECTOR	1.00	Director	$0	$0	$0
KIM BONTRAGER	BOARD DIRECTOR	1.00	Director	$0	$0	$0
PHILIP WARD	BOARD DIRECTOR	1.00	Director	$0	$0	$0
ERIC WYNES	BOARD DIRECTOR	1.00	Director	$0	$0	$0
JEREMY GUMP	BOARD DIRECTOR	1.00	Director	$0	$0	$0
CHARLOTTE PAVILANIS	VP OF PATIENT SERVICES	40.00	Officer	$139,031	$5,517	$144,548
JOSEPHINE HAGOOD	VP OF PHYSICIAN SERVICES	40.00	Officer	$94,246	$18,053	$112,299
MARY KAY SCHULTZ	VP OF HUMAN RESOURCES	40.00	Officer	$118,657	$13,263	$131,920
SHARI RANSBERGER	VP OF QUALITY MANAGEMENT	40.00	Officer	$110,034	$25,689	$135,723
ROBERT LABARGE	CEO	40.00	Officer	$0	$0	$0
ROBERT MORIN	CFO	40.00	Officer	$0	$0	$0
BHUMIT PATEL	PHYSICIAN PRIMARY CARE	40.00	Highest	$491,230	$33,337	$524,567
YAZDI AMARIA	PHYSICIAN GENERAL SURGERY	40.00	Highest	$724,329	$31,234	$755,563
ELIEZER MELENDEZ	PHYSICIAN PEDIATRICS	40.00	Highest	$580,718	$32,834	$613,552
ASHISH VERMA	PHYSICIAN INTERNAL MEDICINE	40.00	Highest	$490,852	$32,834	$523,686
JAMES M GRANNELL	PHYSICIAN PRIMARY CARE	40.00	Highest	$520,560	$33,337	$553,897

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
2018	$45,616,337	$50,171,826	$25,244,411	$-4,555,489

STURGIS HOSPITAL INC