MEMORIAL HOSPITAL INC (EIN 390806828) - 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

1950

Legal Domicile

Principal Officer

BILL GASSEN

Phone

7157433101

Tax Period

2024-01-01 to 2024-12-31

MEMORIAL HOSPITAL INC, founded in 1950, is a mid-sized nonprofit in the Health Care sector that reported $37.3M in total revenue in fiscal year 2024. Revenue decreased 10% compared to the prior year. Expenses of $35.6M left a modest 5% surplus.

Mission

WE ENRICH LIVES TO CREATE HEALTHY COMMUNITIES THROUGH ACCESSIBLE, AFFORDABLE, COMPASSIONATE HEALTH CARE.

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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 $14,560

Program Service Revenue $37,179,618

Investment Income $2,643

Other Revenue $95,060

TOTAL REVENUE $37,291,881

Expense Breakdown

Grants Paid $403,334

Salaries & Benefits $18,981,740

Fundraising Expenses $0

Program Expenses $28,456,933

Other Expenses $16,166,640

TOTAL EXPENSES $35,551,714

Year-over-Year Comparison

	2024	2023	Change
Revenue	$37,291,881	$41,450,526	-0.1%
Expenses	$35,551,714	$41,096,760	-0.1%
Net Income	$1,740,167	$353,766	+3.9%

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

N/A

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

$2,606,691

Total Directors

$3,008,549

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
COLLEEN HOERNEMAN	CHAIR	1.00	Officer Director	$0	$0	$5,500
MARK BRADLEY	VICE CHAIR	1.00	Officer Director	$0	$0	$5,500
JOHN BALTUS	SECRETARY/TREASURER	1.00	Officer Director	$0	$0	$0
DOUG MATHISON	BOARD MEMBER	1.00	Director	$0	$0	$0
DAVID HOLMES	BOARD MEMBER	1.00	Director	$0	$0	$0
EDWARD FERNANDEZ MD	BOARD MEMBER	1.00	Director	$0	$42,454	$634,508
BRIAN HOERNEMAN MD	BOARD MEMBER/INTERIM MCHS CEO	1.00	Officer Director	$0	$39,013	$1,623,181
SAMANTHA KLEBE DO	BOARD MEMBER/MCHS CMO	1.00	Director	$0	$36,357	$739,860
JEANETTE WOJTALEWICZ	INTERIM MCHS CFO	1.00	Officer	$0	$0	$972,510
SUSAN TURNEY MD	FORMER MCHS CEO	0.00		$0	$0	$2,241,715
CATHY BUKOWSKI	FORMER MCHS CFO	0.00		$0	$0	$631,969

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	$37,291,881	$35,551,714	$49,321,172	$1,740,167
2023	$41,450,526	$41,096,760	$52,285,487	$353,766
2022	$41,753,183	$43,585,599	$53,127,334	$-1,832,416
2021	$38,560,812	$32,193,629	$52,835,421	$6,367,183
2020	$34,301,018	$25,935,470	$52,437,514	$8,365,548
2019	$29,360,065	$26,446,537	$17,644,761	$2,913,528

MEMORIAL HOSPITAL INC