Drew Memorial Hospital Inc

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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

2011

Legal Domicile

Phone

8703672411

Tax Period

2024-04-01 to 2025-03-31

Drew Memorial Hospital Inc, founded in 2011, is a community nonprofit in the Health Care sector that reported $1.9M in total revenue in fiscal year 2024. Revenue fell 91% from the prior year — a significant decline worth monitoring. Expenses of $3.4M exceeded revenue, resulting in a 78% operating deficit.

Mission

THE DREW MEMORIAL HOSPITAL MISSION IS 1) TO PROVIDE A FRIENDLY, PROFESSIONAL ENVIRONMENT COMMITTED TO QUALITY AND COMPLIANCE WHILE RESPECTING AND APPRECIATING EVERYONE; 2) TO EXPAND NEEDED HEALTHCARE SERVICES; 3) TO PROMOTE GOOD HEALTH AND WELLNESS THROUGH THE PROVISION OF COMMUNITY EDUCATION AND FACILITIES; 4) TO UPHOLD THE VALUES OF ACCOUNTABILITY, TEAMWORK, QUALITY, HONESTY, TRUST, CREATIVITY/INNOVATION, AND PREMIER SERVICE; AND 5) TO OPERATE IN AN ECONOMICALLY SOUND MANNER.

Program Service Accomplishments

Program 1

Expenses: $3,237,342 Revenue: $936,541

THE HOSPITAL PROVIDES THE HIGHEST QUALITY HEALTH SERVICES IN A COMPETENT, EFFECTIVE, EFFICIENT MANNER TO THE CITIZENS OF DREW COUNTY AND SURROUNDING COMMUNITIES REGARDLESS OF RACE, COLOR, CREED, SEX, NATIONAL ORIGIN, HANDICAP, AGE OR ABILITY TO PAY. BAPTIST HEALTH IS PROVIDING THESE SERVICES AND OPERATING THE HOSPITAL THROUGH A LEASE AGREEMENT WITH DREW MEMORIAL HOSPITAL.

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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 (2024)

Revenue Breakdown

Contributions & Grants $178,615

Program Service Revenue $936,541

Investment Income $804,796

Other Revenue $0

TOTAL REVENUE $1,919,952

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $3,237,342

Other Expenses $3,415,957

TOTAL EXPENSES $3,415,957

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,919,952	$20,785,138	-0.9%
Expenses	$3,415,957	$36,385,065	-0.9%
Net Income	$-1,496,005	$-15,599,927	-0.9%

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

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CARL LUCKY	BOARD VICE-CHAIRMAN	1.0	Officer Director	$0	$0	$0
MIKE AKIN	BOARD CHAIRMAN	1.0	Officer Director	$0	$0	$0
WAYNE OWEN	BOARD SECRETARY	1.0	Officer Director	$0	$0	$0
CECILE BLUCKER SMITHSON	BOARD DIRECTOR	1.0	Director	$0	$0	$0
JAY JONES	BOARD DIRECTOR	1.0	Director	$0	$0	$0
JOSH MCKIEVER	BOARD DIRECTOR	1.0	Director	$0	$0	$0
SCOTT BARRILLEAUX	PRESIDENT/ADMINISTRATOR	1.0	Officer	$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
2025	$1,919,952	$3,415,957	$57,278,661	$-1,496,005
2024	$20,785,138	$36,385,065	$60,193,987	$-15,599,927
2023	$37,344,625	$44,956,216	$52,697,079	$-7,611,591
2022	$54,246,606	$47,766,865	$65,272,333	$6,479,741
2021	$46,111,450	$44,710,288	$72,103,720	$1,401,162
2020	$42,442,137	$44,512,204	$54,132,252	$-2,070,067
2019	$36,216,900	$39,497,324	$51,693,328	$-3,280,424
2018	$40,594,934	$35,326,220	$50,708,685	$5,268,714