MUNSON HEALTHCARE OTSEGO MEMORIAL HOSPITAL (EIN 381303843) - 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

1946

Legal Domicile

Principal Officer

ROBERT RICHARDSON

Phone

9877312100

Tax Period

2024-07-01 to 2025-06-30

MUNSON HEALTHCARE OTSEGO MEMORIAL HOSPITAL, founded in 1946, is a major nonprofit in the Health Care sector that reported $145.3M in total revenue in fiscal year 2024. Revenue grew 12% year-over-year, indicating healthy expansion. Expenses of $130.3M left a modest 10% surplus.

Mission

TO PROVIDE EXCEPTIONAL HEALTHCARE THAT MEETS THE NEEDS OF OUR PATIENTS AND 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 $1,317,412

Program Service Revenue $143,509,685

Investment Income $-53,092

Other Revenue $493,006

TOTAL REVENUE $145,267,011

Expense Breakdown

Grants Paid $0

Salaries & Benefits $52,273,166

Fundraising Expenses $125,989

Program Expenses $111,447,141

Other Expenses $77,997,975

TOTAL EXPENSES $130,271,141

Year-over-Year Comparison

	2024	2023	Change
Revenue	$145,267,011	$129,650,846	+0.1%
Expenses	$130,271,141	$125,031,483	+0.0%
Net Income	$14,995,870	$4,619,363	+2.2%

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

771

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

$1,517,629

Total Directors

$4,480,008

Key Employees

$2,716,380

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
EDWIN A NESS	DIRECTOR	2.00	Director	$0	$253,876	$2,922,871
JAMES SHURLOW DO	SURGEON	39.00	Highest	$1,362,545	$48,297	$1,412,734
LAURA GLENN	MHC SYSTEM C	2.00	Key Emp	$0	$111,766	$1,141,163
MICHAEL VANWAGNER DO	ORTHOPEDIC S	1.00	Highest	$30,872	$29,957	$990,030
LINDSAY HARDEN DO	SURGEON	40.00	Highest	$869,870	$34,554	$904,424
PAUL KONOPACKI	CFO	2.00	Officer	$0	$92,977	$801,715
JORDAN NESTER MD	ORTHOPEDIC S	35.00	Highest	$645,971	$52,334	$786,339
DINO RECCHIA MD	DIRECTOR	0.00	Director	$0	$31,094	$746,394
STACEY SENSOR DO	PHYSICIAN	40.00	Highest	$694,898	$49,944	$744,842
ELLEN SMITH	PRESIDENT AM	2.00	Key Emp	$0	$9,670	$548,244
KATHLEEN LARAIA	VP ONCOLOGY	2.00	Key Emp	$0	$59,521	$437,443
VINCENT SCHULTZ MD	DIRECTOR	0.00	Director	$0	$45,583	$401,470
ROBERT RICHARDSON	PRESIDENT	40.00	Officer	$0	$40,537	$361,641
CHRISTOPHER SQUIRE	PRESIDENT PT	40.00	Officer Director	$0	$21,246	$324,273
DAWN HALLECK	VP PATIENT C	40.00	Key Emp	$258,510	$45,158	$303,668
BONNIE KRUSZKA	CHIEF APP &	2.00	Key Emp	$0	$28,633	$285,862
KENNETH BLOEM	CHAIR	0.00	Officer Director	$0	$0	$5,000
MATT BULLOCH	DIRECTOR	0.00	Director	$0	$0	$5,000
NICK CEGLAREK	DIRECTOR	0.00	Director	$0	$0	$5,000
KATHY DIXON	DIRECTOR	0.00	Director	$0	$0	$5,000
JENNIFER KING	DIRECTOR	0.00	Director	$0	$0	$5,000
KARL KLIMEK	DIRECTOR	0.00	Director	$0	$0	$5,000
RUTH HOPPE MD	V CHAIR	0.00	Officer Director	$0	$0	$5,000
DAVE MENGEBIER	TREASURER	0.00	Officer Director	$0	$0	$5,000
KIM MORLEY	DIRECTOR	0.00	Officer Director	$0	$0	$5,000
TIM NELSON	SECRETARY	0.00	Officer Director	$0	$0	$5,000
ANDY PAGE	DIRECTOR	0.00	Director	$0	$0	$5,000
BRIAN POSTMA	DIRECTOR	0.00	Director	$0	$0	$5,000
OWEN ROBERTS	DIRECTOR	0.00	Director	$0	$0	$5,000
MARY SANDERS	DIRECTOR	0.00	Director	$0	$0	$5,000
KRISTINE THOMAS	DIRECTOR	0.00	Director	$0	$0	$5,000
TOM VERYSER	DIRECTOR	0.00	Director	$0	$0	$5,000
ELAINE WOOD	DIRECTOR	0.00	Officer Director	$0	$0	$5,000
DAVID MCCURDY	DIRECTOR	0.00	Director	$0	$0	$0
SAKURA TAKANO	DIRECTOR	0.00	Director	$0	$0	$0

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	$145,267,011	$130,271,141	$87,853,882	$14,995,870
2024	No data	No data	No data	No data
2023	$116,127,652	$117,451,869	$54,710,301	$-1,324,217
2022	$124,442,421	$116,666,755	$101,925,172	$7,775,666
2021	$117,986,208	$107,275,500	$125,430,745	$10,710,708
2020	$116,644,883	$105,986,311	$117,875,247	$10,658,572
2019	$116,100,924	$108,577,693	$97,969,489	$7,523,231

MUNSON HEALTHCARE OTSEGO MEMORIAL HOSPITAL