THOMAS H BOYD MEMORIAL HOSPITAL

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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

1941

Legal Domicile

Principal Officer

KATHRYN GARNER

Phone

2179426946

Tax Period

2023-09-01 to 2024-08-31

THOMAS H BOYD MEMORIAL HOSPITAL, founded in 1941, is a mid-sized nonprofit in the Health Care sector that reported $16.0M in total revenue in fiscal year 2023.

Mission

PROVIDES QUALITY HEALTH CARE AND PROMOTES WELLNESS FOR THE RESIDENTS IN OUR REGION THROUGH THE PROVISION OF HEALTH SERVICES, INFORMATION RESOURCES, AND EDUCATION.

Program Service Accomplishments

Program 1

Expenses: $12,861,597 Revenue: $15,200,627

PROVIDED OUTPATIENT SERVICES (21,366 PATIENTS), INPATIENT SERVICES (132 PATIENTS, 247 PATIENT DAYS), SWINGBED STAYS (53 PATIENTS, 628 PATIENT DAYS), OBSERVATION (117 PATIENTS, 2,819 HOURS), CUSTODIAL CARE (13 PATIENTS, 59 PATIENT DAYS), RURAL HEALTH CLINICS (4 REGIONAL LOCATIONS) (12,615 VISITS) AND AMBULANCE SERVICES TO THE RESIDENTS OF GREENE COUNTY.

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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 $738,999

Program Service Revenue $15,005,016

Investment Income $32,822

Other Revenue $195,611

TOTAL REVENUE $15,972,448

Expense Breakdown

Grants Paid $0

Salaries & Benefits $11,287,721

Fundraising Expenses $0

Program Expenses $12,861,597

Other Expenses $6,101,595

TOTAL EXPENSES $17,389,316

Year-over-Year Comparison

	2023	2022	Change
Revenue	$15,972,448	$16,158,224	0.0%
Expenses	$17,389,316	$15,565,164	+0.1%
Net Income	$-1,416,868	$593,060	-3.4%

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

175

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

$500,317

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KIRBY BALLARD	PRESIDENT	2.00	Director	$0	$0	$0
JENNY CLOUGH	TRUSTEE	2.00	Director	$0	$0	$0
MARY FRANCIS TUNISON	VICE PRESIDENT	2.00	Director	$0	$0	$0
MARY PLUMMER	SECRETARY	2.00	Director	$0	$0	$0
DIANE WOLFLEY	TRUSTEE	2.00	Director	$0	$0	$0
R SCOTT BEAVERS	TREASURER	2.00	Director	$0	$0	$0
CHARLES HELTON	TRUSTEE	2.00	Director	$0	$0	$0
STACE HOLLAND	CEO	40.00	Officer	$89,964	$10,305	$100,269
KATHRYN GARNER	CFO	40.00	Officer	$102,767	$32,990	$135,757
DONNA DEWITT	INTERM CEO	40.00	Officer	$100,371	$29,771	$130,142
ERICA RIECHMANN	CNO	40.00	Officer	$101,449	$32,700	$134,149
MOHAMMED W SIDDIQUI MD	PHYSICIAN	40.00	Highest	$343,612	$48,892	$392,504
GULAM SIDDIQUI MD	PHYSICIAN	40.00	Highest	$260,566	$34,517	$295,083
RENAN MAPUE MD	PHYSICIAN	40.00	Highest	$341,959	$48,892	$390,851
KRIS TEMPLIN	RN	40.00	Highest	$188,146	$23,228	$211,374
MICHAEL MCNEAR MD	PHYSICIAN	40.00	Highest	$254,345	$31,722	$286,067

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	$15,972,448	$17,389,316	$7,970,263	$-1,416,868
2023	$16,158,224	$15,565,164	$8,176,844	$593,060
2022	$15,752,335	$14,972,684	$8,394,510	$779,651
2021	$19,119,136	$14,082,920	$8,715,649	$5,036,216
2020	$13,069,291	$12,762,714	$8,138,137	$306,577