HILLSBORO AREA HOSPITAL INC (EIN 370661208) - 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

MICHAEL ALEXANDER

Phone

2175326111

Tax Period

2023-07-01 to 2024-06-30

HILLSBORO AREA HOSPITAL INC, founded in 1906, is a mid-sized nonprofit in the Health Care sector that reported $41.8M in total revenue in fiscal year 2023. Revenue grew 20% year-over-year, indicating healthy expansion. Expenses of $36.3M left a modest 13% surplus.

Mission

OPERATION OF HOSPITAL (INPATIENT, SWING BED & OUTPATIENT) AND ASSISTED LIVING FACILITIES.

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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 $208,540

Program Service Revenue $39,572,947

Investment Income $1,846,737

Other Revenue $156,854

TOTAL REVENUE $41,785,078

Expense Breakdown

Grants Paid $7,520

Salaries & Benefits $15,975,103

Fundraising Expenses $0

Program Expenses $28,722,590

Other Expenses $20,364,692

TOTAL EXPENSES $36,347,315

Year-over-Year Comparison

	2023	2022	Change
Revenue	$41,785,078	$34,924,187	+0.2%
Expenses	$36,347,315	$33,260,651	+0.1%
Net Income	$5,437,763	$1,663,536	+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

325

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

$291,041

Total Directors

$291,041

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
TERRI CARROLL	CHIEF FINANCIAL OFFICER (THRU 02/24)	40.00	Officer Director	$214,707	$43,398	$258,105
ALEX NAZARIAN	CHIEF FINANCIAL OFFICER (BEG 04/24)	40.00	Officer Director	$32,936	$0	$32,936
MIKE ALEXANDER	PRESIDENT & CEO	40.00	Officer Director	$0	$0	$0
EARL FLACK	CHAIRMAN	1.00	Officer Director	$0	$0	$0
LISA WHITE	VICE CHAIR	1.00	Officer Director	$0	$0	$0
MISTY BORROWMAN	TREASURER	1.00	Officer Director	$0	$0	$0
JULIE JENKINS	SECRETARY	1.00	Officer Director	$0	$0	$0
DR JOSEPH BLASER	DIRECTOR	1.00	Officer Director	$0	$0	$0
DR BEN CADY	DIRECTOR	1.00	Director	$0	$0	$0
MARY HERSCHELMAN	DIRECTOR	1.00	Director	$0	$0	$0
JAMES HERTEL	DIRECTOR	1.00	Director	$0	$0	$0
DAVID HOUGH	DIRECTOR	1.00	Director	$0	$0	$0
DR NATHAN KIRBY	DIRECTOR	1.00	Director	$0	$0	$0
JORDAN RUPPERT	DIRECTOR	1.00	Director	$0	$0	$0
ANDREW OTT	PODIATRIST	40.00	Highest	$259,552	$21,658	$281,210
ABBY BUGG	TEAMWORK REHAB DIRECTOR	40.00	Highest	$133,529	$58,014	$191,543
BARBARA SMITH	NURSE COORDINATOR	40.00	Highest	$125,855	$21,924	$147,779
THERESA RAPP	DIRECTOR OF SURGICAL SERVI	40.00	Highest	$125,195	$3,756	$128,951
MARTA EDWARDS	REGISTERED NURSE	5.00	Highest	$112,980	$46,980	$159,960

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	No data	No data	No data	No data
2024	$41,785,078	$36,347,315	$63,095,164	$5,437,763
2023	$34,924,187	$33,260,651	$56,090,682	$1,663,536
2022	$35,050,483	$31,170,413	$57,293,181	$3,880,070
2021	$35,034,595	$29,505,523	$55,765,297	$5,529,072
2020	$31,431,186	$25,468,887	$53,665,107	$5,962,299
2019	$26,485,917	$23,937,673	$41,262,184	$2,548,244
2018	$25,035,012	$22,144,463	$39,631,406	$2,890,549

HILLSBORO AREA HOSPITAL INC