LADD MEMORIAL HOSPITAL INC

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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

KELLY MACKEN-MARBLE

Phone

7152942111

Tax Period

2023-01-01 to 2023-12-31

LADD MEMORIAL HOSPITAL INC, founded in 1947, is a mid-sized nonprofit in the Health Care sector that reported $59.3M in total revenue in fiscal year 2023. Revenue grew 11% year-over-year, indicating healthy expansion. The organization ran a surplus of $8.9M, a strong 15% operating margin.

Mission

TO INSPIRE AND IMPROVE THE HEALTH AND WELL-BEING OF OUR COMMUNITY THROUGH HOME-TOWN CUSTOMER SERVICE, QUALITY HEALTHCARE AND STRATEGIC PARTNERSHIPS.

Program Service Accomplishments

Program 1

Expenses: $40,861,313 Revenue: $54,725,022

DURING 2023, LADD MEMORIAL HOSPITAL PROVIDED INPATIENT, OUTPATIENT, AND CLINICAL CARE SERVICES TO THE RESIDENTS OF THE GREATER OSCEOLA AREA, REGARDLESS OF ABILITY TO PAY.INPATIENT SERVICES WERE...

DURING 2023, LADD MEMORIAL HOSPITAL PROVIDED INPATIENT, OUTPATIENT, AND CLINICAL CARE SERVICES TO THE RESIDENTS OF THE GREATER OSCEOLA AREA, REGARDLESS OF ABILITY TO PAY.INPATIENT SERVICES WERE PROVIDED TO 495 PATIENTS AND TOTALED 2,019 DAYS OF SERVICE. INPATIENT SERVICES INCLUDED GENERAL MEDICINE, SURGERY, PEDIATRIC, AND OBSTETRIC.OUTPATIENT SERVICES INCLUDED 4,037 EMERGENCY ROOM VISITS, AND 1,600 OP SURGERIES. CLINICAL CARE SERVICES INCLUDED 19,819 CLINIC VISITS, 8,673 WALK IN VISITS, TOTALING 28,492.

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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 $804,059

Program Service Revenue $57,570,480

Investment Income $367,039

Other Revenue $524,406

TOTAL REVENUE $59,265,984

Expense Breakdown

Grants Paid $0

Salaries & Benefits $20,795,821

Fundraising Expenses $0

Program Expenses $40,861,313

Other Expenses $29,566,269

TOTAL EXPENSES $50,362,090

Year-over-Year Comparison

	2023	2022	Change
Revenue	$59,265,984	$53,420,765	+0.1%
Expenses	$50,362,090	$47,583,250	+0.1%
Net Income	$8,903,894	$5,837,515	+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

354

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

$1,244,564

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ANNE MARIE PUESHNER	CHAIRPERSON	1.00	Officer Director	$0	$0	$0
DEBORAH PETERS	VICE-CHAIRPERSON	1.00	Officer Director	$0	$0	$0
BECKY STYLES	SECRETARY	1.00	Officer Director	$0	$0	$0
PENNY AUSTAD	BOARD MEMBER	1.00	Director	$0	$0	$0
FELIX BLANCO MD	BOARD MEMBER	1.00	Director	$0	$0	$0
JOHN CLARK	BOARD MEMBER	1.00	Director	$0	$0	$0
MARK ERICKSON	BOARD MEMBER	1.00	Director	$0	$0	$0
JOHN GEARIN	BOARD MEMBER	1.00	Director	$0	$0	$0
KIERSTEN JUSTINGER	BOARD MEMBER	1.00	Director	$0	$0	$0
GREG KUMLIEN DC	BOARD MEMBER	1.00	Director	$0	$0	$0
ROBERT MOARAVEC	BOARD MEMBER	1.00	Director	$0	$0	$0
TYLER SCHMIDTZ	BOARD MEMBER	1.00	Director	$0	$0	$0
ERIK SEVERSON MD	BOARD MEMBER	1.00	Director	$0	$0	$0
AMIN UDDEN DDS	BOARD MEMBER (THRU JULY 2023)	1.00	Director	$0	$0	$0
KELLY MACKEN-MARBLE	CEO	40.00	Officer	$315,195	$34,864	$350,059
TAMMY WALSH	CFO	40.00	Officer	$226,525	$5,210	$231,735
MISTY CHARLIER	CAO	40.00	Officer	$194,256	$19,778	$214,034
MEGAN SANDGREN	CRO	40.00	Officer	$164,271	$7,371	$171,642
DAVID FRENZ MD	CMO	20.00	Officer	$111,068	$0	$111,068
KELSEY DERRICK	COO (THRU MAY 2023)	40.00	Officer	$94,737	$2,654	$97,391
KIMBERLY ERICSON	CFO (THRU MAR 2023)	40.00	Officer	$62,679	$5,956	$68,635
WILLIAM RYAN	PHYSICIAN ASSISTANT	36.00	Highest	$206,220	$28,536	$234,756
ELIZABETH BASSETT	PHARMACY MANAGER	40.00	Highest	$155,094	$40,339	$195,433
JEANETTE BOISSY	REGISTERED NURSE	36.00	Highest	$163,186	$28,658	$191,844
NATALIA CROPPER	NURSE PRACTITIONER	36.00	Highest	$148,316	$40,042	$188,358
COBY SOMSEN	NURSE PRACTITIONER	36.00	Highest	$151,825	$6,862	$158,687

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	$59,265,984	$50,362,090	$64,635,830	$8,903,894
2022	$53,420,765	$47,583,250	$55,634,810	$5,837,515
2021	$57,263,610	$43,930,303	$50,238,162	$13,333,307
2020	$41,699,342	$40,948,564	$46,005,640	$750,778
2019	$39,144,376	$38,699,032	$38,495,361	$445,344
2018	$35,765,952	$38,222,749	$39,730,686	$-2,456,797