Memorial Hospital Association (EIN 370684691) - 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

1947

Legal Domicile

Principal Officer

Ada Bair

Phone

2173573131

Tax Period

2024-01-01 to 2024-12-31

Memorial Hospital Association, founded in 1947, is a mid-sized nonprofit in the Health Care sector that reported $54.5M in total revenue in fiscal year 2024.

Mission

Memorial Hospital provides clinical care, diagnostic, treatment, and wellness 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 (2024)

Revenue Breakdown

Contributions & Grants $460,641

Program Service Revenue $53,127,386

Investment Income $849,741

Other Revenue $62,197

TOTAL REVENUE $54,499,965

Expense Breakdown

Grants Paid $350,000

Salaries & Benefits $32,431,753

Fundraising Expenses $225,074

Program Expenses $45,456,530

Other Expenses $21,552,276

TOTAL EXPENSES $54,334,029

Year-over-Year Comparison

	2024	2023	Change
Revenue	$54,499,965	$50,471,561	+0.1%
Expenses	$54,334,029	$48,099,140	+0.1%
Net Income	$165,936	$2,372,421	-0.9%

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

409

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

$552,014

Total Directors

$552,783

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Dan Asbury-PresidentUntil	Sept 24)/Director (As of Sept 24)	3.00	Officer Director	$0	$0	$0
Doug Groth-DirectorUntil	Sept 24)/President (As of Sept 24)	3.00	Officer Director	$0	$0	$0
LuAnn Haas- VP Until Sept	24)/Director (As of Sept 24)	3.00	Officer Director	$0	$0	$0
Brenda Young-DirectorUntil	Sept 24)/VP (As of Sept 24)	3.00	Officer Director	$0	$0	$0
Dennis Rankin	Secretary/Treasurer	3.00	Officer Director	$0	$0	$0
Robert Barlow	Director (Until Sept 24)	3.00	Director	$0	$0	$0
Charles Gilbert	Director	3.00	Director	$0	$0	$0
Larry McClintock	Director	3.00	Director	$0	$0	$0
Katie Pearson	Director (Until Sept 24)	3.00	Director	$0	$0	$0
Terry Pope	Director	3.00	Director	$0	$0	$0
Victoria Kalivoda-Popela DO	Director	40.00	Director	$520,774	$32,009	$552,783
Debbie Simon	Director (Until Sept 24)	3.00	Director	$0	$0	$0
Dr Jean Alexandre	Director (Until Sept 24)	3.00	Director	$0	$0	$0
Noah Dearwester	Director	3.00	Director	$0	$0	$0
Jami Hocker	Director	3.00	Director	$0	$0	$0
Karen Araya	Director (As of Sept 24)	3.00	Director	$0	$0	$0
Pat Schou	Director (As of Sept 24)	3.00	Director	$0	$0	$0
James Van den Bogaerde MD	Director (As of Sept 24)	3.00	Director	$0	$0	$0
Ada Bair	CEO	40.00	Officer	$286,981	$30,863	$317,844
Teresa Smith	CFO	40.00	Officer	$188,350	$45,820	$234,170
Peter Perll MD	Surgeon	40.00	Highest	$572,849	$57,245	$630,094
Drake White MD	Surgeon	40.00	Highest	$520,209	$53,813	$574,022
Christopher Jones MD	OB/GYN	40.00	Highest	$404,621	$47,619	$452,240
Gina Bell MD	OB/GYN	40.00	Highest	$359,764	$47,619	$407,383
Nileshwa Senthe MD	Pediatrician	40.00	Highest	$359,446	$57,245	$416,691

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	$54,499,965	$54,334,029	$49,504,003	$165,936
2023	$50,471,561	$48,099,140	$50,796,946	$2,372,421
2022	$46,345,159	$44,022,472	$47,754,183	$2,322,687
2021	$48,835,802	$38,192,631	$49,952,153	$10,643,171
2020	$33,306,049	$32,046,263	$44,299,401	$1,259,786
2019	$30,188,415	$30,518,930	$35,871,886	$-330,515
2018	$29,260,463	$29,619,804	$39,041,958	$-359,341

Memorial Hospital Association