WA FOOTE MEMORIAL HOSPITAL (EIN 382027689) - 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

1970

Legal Domicile

Principal Officer

EMILY MOORHEAD

Phone

5172054800

Tax Period

2023-01-01 to 2023-12-31

WA FOOTE MEMORIAL HOSPITAL, founded in 1970, is a major nonprofit in the Health Care sector that reported $828.1M in total revenue in fiscal year 2023. Expenses of $784.1M left a modest 5% surplus.

Mission

WE IMPROVE PEOPLE'S LIVES THROUGH EXCELLENCE IN THE SCIENCE AND ART OF HEALTH CARE AND HEALING.

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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 $6,099,123

Program Service Revenue $752,325,591

Investment Income $12,747,710

Other Revenue $56,880,939

TOTAL REVENUE $828,053,363

Expense Breakdown

Grants Paid $238,263

Salaries & Benefits $368,700,695

Fundraising Expenses $80,915

Program Expenses $726,494,843

Other Expenses $415,171,053

TOTAL EXPENSES $784,110,011

Year-over-Year Comparison

	2023	2022	Change
Revenue	$828,053,363	$794,122,795	+0.0%
Expenses	$784,110,011	$764,590,573	+0.0%
Net Income	$43,943,352	$29,532,222	+0.5%

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

4574

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

$614,831

Total Directors

$7,266,272

Key Employees

$1,337,158

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
AARON S BOATIN	TRUSTEE - SECRETARY/TREASURER	2.00	Officer Director	$0	$0	$0
DENISE BROOKS-WILLIAMS	TRUSTEE	1.00	Director	$0	$47,881	$1,689,777
DAVID W CRAFT	TRUSTEE	1.00	Director	$0	$0	$0
SAIRIA DASS RAMCHARAN MD	TRUSTEE	1.00	Director	$0	$0	$0
MARTHA A FUERSTENAU	TRUSTEE- CHAIR	2.00	Officer Director	$0	$0	$0
CATHERINE A HENDRIAN	TRUSTEE	1.00	Director	$0	$0	$0
MOHAN G KULKARNI MD	PHYSICIAN TRUSTEE	60.00	Director	$1,103,312	$54,695	$1,158,007
MUMTAZ A MEMON MD	PHYSICIAN TRUSTEE	60.00	Director	$679,300	$36,528	$715,828
EMILY S MOORHEAD	DIRECTOR - PRESIDENT & CEO	55.00	Officer Director	$471,292	$51,999	$584,831
MONICA M MOSER	TRUSTEE	1.00	Director	$0	$0	$0
ADNAN R MUNKARAH MD	PHYSICIAN TRUSTEE	1.00	Director	$0	$68,285	$2,403,542
LAWRENCE NARKIEWICZ JR MD	PHYSICIAN TRUSTEE	60.00	Director	$591,213	$35,812	$627,025
MARK S OLSON	TRUSTEE	1.00	Director	$0	$0	$0
KEVIN E OXLEY	TRUSTEE	1.00	Director	$0	$0	$0
SAMIR PARIKH MD	TRUSTEE	1.00	Director	$57,262	$0	$57,262
DANIEL J PHELAN PHD	TRUSTEE - VICE CHAIR	2.00	Officer Director	$0	$0	$30,000
CHRISTINA M SIDERS	TRUSTEE	1.00	Director	$0	$0	$0
KENNETH W EMPEY	GENERAL COUNSEL	55.00	Key Emp	$0	$21,238	$391,904
JIM BONGIORNO	CENTRAL MARKET CFO (THRU 12/2023)	55.00	Key Emp	$0	$43,971	$306,378
MARK A SMITH MD	CMO/CEO HFAHMG	55.00	Key Emp	$584,228	$54,648	$638,876
AZAM BASHEER MD	PHYSICIAN	60.00	Highest	$2,720,795	$36,934	$2,757,729
FRANK LAMARCA MD	PHYSICIAN	60.00	Highest	$2,687,592	$38,700	$2,726,292
VISHAL GUPTA MD	PHYSICIAN	60.00	Highest	$1,228,109	$25,581	$1,253,690
BIPIN RAVINDRAN MD	PHYSICIAN	60.00	Highest	$1,047,805	$8,793	$1,056,598
TIMOTHY EPHRIAM EKPO DO	PHYSICIAN	60.00	Highest	$1,012,888	$34,462	$1,047,350
PAULA AUTRY	FORMER TRUSTEE - PRESIDENT & CEO	0.00		$0	$0	$368,899
ROBERT G RINEY	FORMER TRUSTEE	0.00		$0	$57,039	$4,524,962
MICHAEL GRISDELA	FORMER INTERIM CENTRAL MAR	0.00		$0	$89,619	$641,804

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	No data	No data	No data	No data
2023	$828,053,363	$784,110,011	$807,404,458	$43,943,352
2022	$794,122,795	$764,590,573	$762,216,405	$29,532,222
2021	$777,611,253	$748,705,936	$867,319,103	$28,905,317
2020	$709,583,429	$687,720,421	$830,742,312	$21,863,008
2019	$717,303,135	$666,951,259	$667,260,606	$50,351,876
2018	$616,417,825	$602,044,972	$508,997,334	$14,372,853

WA FOOTE MEMORIAL HOSPITAL