FAIRFIELD MEMORIAL HOSPITAL ASSOCIATION (EIN 370661202) - 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

1948

Legal Domicile

Principal Officer

JIM BASCH

Phone

6168422611

Tax Period

2024-07-01 to 2025-06-30

FAIRFIELD MEMORIAL HOSPITAL ASSOCIATION, founded in 1948, is a mid-sized nonprofit in the Health Care sector that reported $49.3M in total revenue in fiscal year 2024.

Mission

THE MISSION OF FAIRFIELD MEMORIAL HOSPITAL IS TO MAINTAIN AND IMPROVE THE HEALTH OF THE COMMUNITIES WE SERVE.

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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 $47,957

Program Service Revenue $48,528,777

Investment Income $102,825

Other Revenue $635,415

TOTAL REVENUE $49,314,974

Expense Breakdown

Grants Paid $60,864

Salaries & Benefits $28,888,525

Fundraising Expenses $0

Program Expenses $37,728,160

Other Expenses $22,063,506

TOTAL EXPENSES $51,012,895

Year-over-Year Comparison

	2024	2023	Change
Revenue	$49,314,974	$48,295,823	+0.0%
Expenses	$51,012,895	$53,607,139	0.0%
Net Income	$-1,697,921	$-5,311,316	-0.7%

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

460

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

$1,017,815

Total Directors

$364

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
PATRICK MOLT MD	PRESIDENT/CMO	5.00	Officer Director	$364	$0	$364
JOEY HUNGERFORD	VICE PRESIDENT (END 06/25)	1.75	Officer Director	$0	$0	$0
ANITA POND	SECRETARY/TREASURER	1.75	Officer Director	$0	$0	$0
MICHAEL COPELAND	DIRECTOR	1.75	Director	$0	$0	$0
DONNA MASTERSON	DIRECTOR	1.75	Director	$0	$0	$0
D JAMIE POLLARD	DIRECTOR	1.75	Director	$0	$0	$0
MATTHEW SENG	DIRECTOR	1.75	Director	$0	$0	$0
DOUG WILSON	DIRECTOR	1.75	Director	$0	$0	$0
JOSH SCOTT	DIRECTOR	1.75	Director	$0	$0	$0
JARED FLORENCE	DIRECTOR	1.75	Director	$0	$0	$0
CRAIG SELF	DIRECTOR	1.75	Director	$0	$0	$0
KATHERINE BUNTING	CEO	40.00	Officer	$204,297	$2,728	$207,025
DANA TAYLOR	COO	50.00	Officer	$137,498	$8,504	$146,002
RACHEL EWING	CNO (END 06/25)	50.00	Officer	$108,118	$10,784	$118,902
KRISTIN BOLDT	INTERIM CFO (END 08/24)	50.00	Officer	$107,999	$7,120	$115,119
MICHAEL COOPER	CEO (BEG 07/24)	40.00	Officer	$122,877	$11,121	$133,998
JIM BASCH	CFO (BEG 08/24-11/24, 06/25)	40.00	Officer	$249,901	$0	$249,901
WILLIAM GILES	CFO (08/24-06/25)	40.00	Officer	$44,697	$1,807	$46,504
JENNIFER GILPIN	CNO (BEG 06/25)	40.00	Officer	$0	$0	$0
KORY BLANK	ORTHOPEDIC SURGEON	40.00	Highest	$692,880	$21,051	$713,931
ARUNIMA SAXENA	PHYSICIAN	40.00	Highest	$350,735	$15,202	$365,937
LAUREN WILLIAMS	PHYSICIAN	40.00	Highest	$414,027	$12,487	$426,514
CHRISTOPHER BALLARD	PHYSICIAN	40.00	Highest	$351,410	$22,667	$374,077
KIMBERLY KING	CRNA/PAIN MANAGEMENT PROVIDER	40.00	Highest	$373,196	$20,730	$393,926

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	$49,314,974	$51,012,895	$51,331,074	$-1,697,921
2024	No data	No data	No data	No data
2023	$51,942,638	$52,092,469	$60,681,272	$-149,831
2022	$48,296,657	$43,106,347	$57,270,866	$5,190,310
2021	$43,663,128	$36,983,641	$49,011,590	$6,679,487
2020	$34,891,715	$34,602,519	$32,728,614	$289,196
2020	$37,642,534	$34,683,970	$28,003,813	$2,958,564
2019	$32,587,911	$32,031,979	$24,318,933	$555,932
2018	$31,534,552	$30,708,358	$24,105,006	$826,194

FAIRFIELD MEMORIAL HOSPITAL ASSOCIATION