Memorial Medical Center

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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

1914

Legal Domicile

Principal Officer

MICHAEL EESLEY

Phone

3129262000

Tax Period

2017-07-01 to 2018-06-30

Memorial Medical Center, founded in 1914, is a mid-sized nonprofit in the Health Care sector that reported $51.9M in total revenue in fiscal year 2017. Revenue fell 52% from the prior year — a significant decline worth monitoring. Expenses of $59.8M exceeded revenue, resulting in a 15% operating deficit.

Mission

The mission of Memorial Medical Center is to provide quality healthcare services with innovative and responsible use of resources and promote wellness for the greater McHenry County area.

Program Service Accomplishments

Program 1

Expenses: $49,377,527 Revenue: $46,817,369

THE FOLLOWING INDIVIDUALS RECEIVED SEVERANCE PAYMENTS: JASON SCIARRO PRESIDENT / COO $555,916 DAVID TOMLINSON EVP/CFO $162,657 JENNIFER OETGEN MANAGER INPATIENT RX $23,536 Form Sch J Part I Line 4b CERTAIN INDIVIDUALS LISTED IN SCHEDULE J, PART II PARTICIPATE IN A SUPPLEMENTAL NON-QUALIFIED RETIREMENT PLAN TO WHICH THE HOSPITAL NETWORK MAKES ANNUAL CONTRIBUTIONS. THE FOLLOWING INDIVIDUALS RECEIVED DISTIBUTIONS FROM A SUPPLEMENTAL NON-QUALIFIED RETIREMENT PLAN DURING 2017: Name Title Amount MICHAEL EESLEY CHIEF EXECUTIVE OFFICER $453,073 DAVID TOMLINSON EVP / CFO $40,114 LISA GLOSSON BOARD OF GOVERNORS $10,600

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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 $1,147,965

Program Service Revenue $46,817,369

Investment Income $1,808,446

Other Revenue $2,127,174

TOTAL REVENUE $51,900,954

Expense Breakdown

Grants Paid $0

Salaries & Benefits $20,727,378

Fundraising Expenses $0

Program Expenses $49,377,527

Other Expenses $39,084,417

TOTAL EXPENSES $59,811,795

Year-over-Year Comparison

	2017	2016	Change
Revenue	$51,900,954	$108,185,102	-0.5%
Expenses	$59,811,795	$110,586,186	-0.5%
Net Income	$-7,910,841	$-2,401,084	+2.3%

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

663

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

$4,316,560

Total Directors

$3,072,355

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MICHAEL EESLEY	CHIEF EXECUTIVE OFFICER	0.0	Officer Director	$0	$46,299	$2,362,637
CHARIE ZANCK	BOARD OF GOVERNORS	0.0	Director	$0	$0	$0
CHARLES RUTH	BOARD OF GOVERNORS	0.0	Director	$0	$0	$0
CHRIS NEWKIRK	BOARD OF GOVERNORS	0.0	Director	$0	$0	$0
DAVE DOMEK	BOARD OF GOVERNORS	0.0	Director	$0	$0	$0
IRFAN HAFIZ	BOARD OF GOVERNORS/SVP CMO	0.0	Director	$0	$1,976	$422,275
MICHAEL LUECHT	BOARD OF GOVERNORS	0.0	Director	$0	$0	$0
MIKE CURRAN	BOARD OF GOVERNORS	0.0	Director	$0	$0	$0
TERRENCE BUGNO	BOARD OF GOVERNORS	0.0	Director	$0	$0	$0
TOM CAREY	BOARD OF GOVERNORS	0.0	Director	$0	$0	$0
WILLIAM BUSSE	BOARD OF GOVERNORS	0.0	Director	$0	$0	$0
Jim Thorpe	Board of Governors	1.0	Director	$0	$0	$0
Lisa Glosson MD	Board of Governors	0.0	Director	$0	$30,698	$287,443
Paula Dorion Gray	Board of Governors	1.0	Director	$0	$0	$0
DAVID TOMLINSON	EVP - CFO	0.0	Officer	$0	$63,657	$1,108,428
JASON SCIARRO	PRESIDENT / COO- Termed 5/2018	0.0	Officer	$0	$59,571	$845,495
Alphonsus Brady	Pharmacist	40.0	Highest	$123,179	$19,607	$142,786
DYLAN DEGRAW	DIRECTOR - Risk Couns.	40.0	Highest	$138,578	$24,786	$163,364
JENNIFER OETGEN	MGR Inpatient RX-Termed 3/2018	40.0	Highest	$169,883	$32,742	$202,625
REBECCA HUFF	Director of Patient Experience	40.0	Highest	$159,076	$57,988	$217,064
Todd Schroll	Vice President Operations	40.0	Highest	$131,333	$19,559	$150,892

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	$51,900,954	$59,811,795	$125,676,123	$-7,910,841