Morris Hospital (EIN 362170155) - 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

1906

Legal Domicile

Principal Officer

Thomas J Dohm

Phone

8159422932

Tax Period

2023-01-01 to 2023-12-31

Morris Hospital, founded in 1906, is a major nonprofit in the Health Care sector that reported $174.2M in total revenue in fiscal year 2018.

Mission

Morris Hospital & Healthcare Centers exist to provide healthcare in a general short-term hospital in addition to delivering primary Healthcare services in the outpatient setting. The mission of Morris Hospital & Healthcare Centers is to improve the health of area Residents. This is the focal point that steers strategy and decision making and gives meaning and focus to staff as they go about their daily work. As long as our actions and activities are focused on improving the health of area residents, we know that we are doing what's right for our community. We carry out our mission every day by serving the hundreds of patients who walk through our doors for inpatient care, outpatient testing, emergency care, surgery, and rehabilitation services.

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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 $1,988,307

Program Service Revenue $241,203,491

Investment Income $5,047,162

Other Revenue $2,842,874

TOTAL REVENUE $251,081,834

Expense Breakdown

Grants Paid $1,453,621

Salaries & Benefits $127,752,306

Fundraising Expenses $0

Program Expenses $218,579,027

Other Expenses $109,930,327

TOTAL EXPENSES $239,136,254

Year-over-Year Comparison

	2023	2022	Change
Revenue	$251,081,834	$238,722,658	+0.1%
Expenses	$239,136,254	$218,603,618	+0.1%
Net Income	$11,945,580	$20,119,040	-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

1801

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

$1,160,574

Total Directors

$792,895

Key Employees

$1,949,450

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Dana Howd	Director	40.00	Director	$399,232	$11,302	$410,534
Peter Roumeliotis	Director	40.00	Director	$346,420	$35,941	$382,361
Brian Angwin	Chairman	1.00	Officer Director	$0	$0	$0
David Bzdill	Vice Chairman	1.00	Officer Director	$0	$0	$0
Noreen Dollinger	Secretary	1.00	Officer Director	$0	$0	$0
Kevin Olsen	Treasurer	1.00	Officer Director	$0	$0	$0
Steven Banghart	Director	1.00	Director	$0	$0	$0
Pat Halloran	Director	1.00	Director	$0	$0	$0
Tami Hansen	Director until 3/27/23	1.00	Director	$0	$0	$0
Janis Hedenschoug	Director	1.00	Director	$0	$0	$0
Daniel Jurak	Director	1.00	Director	$0	$0	$0
Michelle Pruim	Director	1.00	Director	$0	$0	$0
Thomas Dohm	President/CEO	40.00	Officer	$641,907	$50,007	$691,914
Michael Lawrence	CFO	40.00	Officer	$435,437	$33,223	$468,660
Kimberly Ann Landers	VP of Patient Care Services	54.00	Key Emp	$346,333	$46,880	$393,213
John Wilcox	CIO	40.00	Key Emp	$338,565	$32,992	$371,557
James M Kirchner	VP of Professional Services	40.00	Key Emp	$299,589	$33,160	$332,749
Erin Murphy-Frobish	VP of Human Resources	40.00	Key Emp	$261,681	$42,984	$304,665
Patrick Durkin	VP of Ambulatory Services	40.00	Key Emp	$277,532	$7,461	$284,993
Michael Kryza	Chief Medical Officer	40.00	Key Emp	$260,162	$2,111	$262,273
Mir H Ali	Physician	40.00	Highest	$1,276,374	$46,106	$1,322,480
Keith M Rezin	Physician	40.00	Highest	$687,121	$35,239	$722,360
Syed Ahmed	Physician	40.00	Highest	$628,261	$46,430	$674,691
Athar Saeed	Physician	40.00	Highest	$628,791	$44,748	$673,539
Stephen H Treacy	Physician	40.00	Highest	$571,728	$41,861	$613,589

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	$251,081,834	$239,136,254	$356,987,047	$11,945,580
2022	$238,722,658	$218,603,618	$333,375,510	$20,119,040
2021	$222,839,599	$212,561,264	$336,229,049	$10,278,335
2020	$189,694,888	$187,844,688	$322,572,152	$1,850,200
2019	$192,627,836	$187,629,622	$300,254,855	$4,998,214
2018	$174,158,268	$172,167,426	$292,126,507	$1,990,842

Morris Hospital