MERITER HOSPITAL INC (EIN 390806367) - 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

1898

Legal Domicile

Principal Officer

JAMES ARNETT

Phone

6084176000

Tax Period

2023-01-01 to 2023-12-31

MERITER HOSPITAL INC, founded in 1898, is a major nonprofit in the Health Care sector that reported $625.7M in total revenue in fiscal year 2023. Expenses of $577.4M left a modest 8% surplus.

Mission

MERITER HOSPITAL, INC. IS A NOT FOR PROFIT, LOCALLY GOVERNED COMMUNITY HOSPITAL. MERITER HOSPITAL PROVIDES A COMPREHENSIVE ARRAY OF PATIENT-FOCUSED INPATIENT AND OUTPATIENT SERVICES TO MEET THE HEALTH-RELATED NEEDS OF OUR COMMUNITY.

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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 $2,466,844

Program Service Revenue $583,228,820

Investment Income $35,200,711

Other Revenue $4,841,340

TOTAL REVENUE $625,737,715

Expense Breakdown

Grants Paid $146,903

Salaries & Benefits $287,493,308

Fundraising Expenses $0

Program Expenses $496,314,933

Other Expenses $289,745,775

TOTAL EXPENSES $577,385,986

Year-over-Year Comparison

	2023	2022	Change
Revenue	$625,737,715	$605,087,481	+0.0%
Expenses	$577,385,986	$546,370,086	+0.1%
Net Income	$48,351,729	$58,717,395	-0.2%

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

3728

Volunteers

590

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

$1,986,398

Total Directors

$1,287,247

Key Employees

$1,134,861

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JOHN ASHLEY	BOARD MEMBER	1.00	Director	$0	$0	$0
RUKMINI BANERJEE	BOARD MEMBER	1.00	Director	$0	$0	$0
ALISON CRAIG-SHASHKO MD	BOARD MEMBER	1.00	Director	$0	$0	$0
VIRGINIA GRAVES TO 623	BOARD MEMBER	1.00	Director	$600	$0	$7,850
RONALD HENSHUE	BOARD MEMBER	1.00	Director	$0	$0	$0
NEWRHEE KIM MD	BOARD VICE CHAIR	3.00	Officer Director	$0	$0	$0
BRADLEY MANNING MD	BOARD MEMBER	1.00	Director	$600	$0	$11,475
MARGARET NOREUIL RN PHD	BOARD PAST CHAIR	1.00	Director	$0	$0	$7,250
PAT SETJI	BOARD MEMBER	1.00	Director	$0	$0	$0
DOUG STRUB	BOARD CHAIR	3.00	Officer Director	$12,500	$0	$25,000
MARY THOMPSON MD	BOARD MEMBER	1.00	Director	$0	$0	$0
CHERYL WITTKE	BOARD MEMBER	1.00	Director	$0	$0	$0
JASON YELK DO	BOARD MEMBER	1.00	Director	$0	$51,887	$396,423
JAMES ARNETT	BOARD MEMBER/PRESIDENT/CEO	15.00	Officer Director	$0	$96,577	$839,249
BETH ERDMAN	CFO/TREASURER	15.00	Officer	$0	$48,661	$475,774
PAM WETZEL MD	CMO/ASST SECRETARY	5.00	Officer	$0	$35,992	$646,375
SHERRY CASALI	CHIEF NURSING OFFICER	15.00	Key Emp	$0	$61,766	$458,419
SHANA WUEBBEN	VP HR/SECRETARY	35.00	Key Emp	$0	$47,667	$374,869
CHRISTINA JACKSON	CHIEF OPERATING OFFICER	15.00	Key Emp	$0	$37,828	$301,573
KRISTINE HOLMES	DIR MED/SURG NURSE	40.00	Highest	$212,728	$14,332	$227,060
JULIE RICE	REGISTERED NURSE	40.00	Highest	$203,891	$31,417	$235,308
MICHAEL NYFFELER	PHARMACY CLINICAL MANAGER	40.00	Highest	$200,074	$16,315	$216,389
HEIDI MANLEY	REGISTERED NURSE	40.00	Highest	$197,688	$43,318	$241,006
CARLA GRIFFIN	EXECUTIVE DIRECTOR JOA	40.00	Highest	$233,044	$31,627	$264,671
ART NIZZA DSW TO 118	FORMER CEO UPH-MERITER	0.00		$0	$0	$156,611
SUE ERICKSON TO 622	FORMER CEO UPH-MERITER	0.00		$0	$144,038	$1,969,435

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	$625,737,715	$577,385,986	$991,590,073	$48,351,729
2022	$605,087,481	$546,370,086	$926,629,829	$58,717,395
2021	$559,901,907	$494,723,863	$969,927,564	$65,178,044
2020	$506,664,642	$458,766,004	$914,575,949	$47,898,638
2019	$485,593,935	$453,686,010	$833,005,877	$31,907,925
2018	$468,434,024	$442,450,937	$736,590,555	$25,983,087

MERITER HOSPITAL INC