ROGERS MEMORIAL HOSPITAL INC (EIN 391139101) - 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

1907

Legal Domicile

Principal Officer

CYNTHIA MEYER

Phone

2626464411

Tax Period

2024-01-01 to 2024-12-31

ROGERS MEMORIAL HOSPITAL INC, founded in 1907, is a major nonprofit in the Health Care sector that reported $346.8M in total revenue in fiscal year 2024. Revenue surged 147% from the prior year, signaling strong growth momentum.

Mission

WE PROVIDE HIGHLY EFFECTIVE MENTAL HEALTH AND ADDICTION TREATMENT THAT HELPS PEOPLE REACH FULL POTENTIAL FOR HEALTH AND WELL-BEING.

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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 $253,602

Program Service Revenue $335,240,373

Investment Income $11,343,709

Other Revenue $-1,236

TOTAL REVENUE $346,836,448

Expense Breakdown

Grants Paid $1,567,427

Salaries & Benefits $246,936,149

Fundraising Expenses $0

Program Expenses $262,854,987

Other Expenses $90,373,885

TOTAL EXPENSES $338,877,461

Year-over-Year Comparison

	2024	2023	Change
Revenue	$346,836,448	$140,483,557	+1.5%
Expenses	$338,877,461	$147,773,805	+1.3%
Net Income	$7,958,987	$-7,290,248	-2.1%

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

3803

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

$1,965,416

Total Directors

$1,738,362

Key Employees

$2,014,437

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CYNTHIA MEYER	PRESIDENT AND CEO	0.10	Officer Director	$0	$44,437	$1,101,336
JERRY HALVERSON MD	CMO	40.00	Key Emp	$556,722	$90,850	$647,572
KHAZI MUQEET MD	ASSOC. CMO AND BOARD MEMBER	40.00	Director	$621,870	$15,156	$637,026
CHRISTOPHER TAKALA	MEDICAL DIRECTOR	40.00	Highest	$637,589	$53,447	$691,036
SYED HUSSAINI	MEDICAL DIRECTOR	40.00	Highest	$623,196	$50,552	$673,748
CUONG TIEU	MEDICAL DIRECTOR	40.00	Highest	$567,731	$49,001	$616,732
HEMALATHA RAJANNA	MEDICAL DIRECTOR	40.00	Highest	$604,885	$10,793	$615,678
KEYUR PARIKH	MEDICAL DIRECTOR	40.00	Highest	$551,192	$54,660	$605,852
CHRIS JAGODITZ	CFO	0.10	Officer	$0	$53,455	$505,147
BRADLEY REIMANN	FORMER CCO - TERMED 07/2023	0.00		$464,878	$0	$464,878
JOHN BOYD FORMER	CEO - TERMED 05/2023	0.00		$445,493	$0	$445,493
BRIAN KAY	CSO	40.00	Key Emp	$342,473	$64,483	$406,956
ASHLEY MUCHNICK	COO	40.00	Key Emp	$351,956	$17,760	$369,716
COLLEEN KELLY	CCO	40.00	Officer	$278,755	$80,178	$358,933
STEPHANIE EKEN ASSISTANT	CMO - TERMED 02/2024	40.00	Key Emp	$271,276	$44,728	$316,004
ALESSANDRO VAGNINI	CNO	40.00	Key Emp	$250,105	$24,084	$274,189
TERRI COHN	FORMER CNO - TERMED 10/2023	0.00		$195,058	$0	$195,058
BARB GORMACKI	BOARD CHAIR	3.00	Officer Director	$0	$0	$0
BOB OLSON	BOARD VICE-CHAIR	3.00	Officer Director	$0	$0	$0
MICHAEL SEVI	BOARD SECRETARY	3.00	Officer Director	$0	$0	$0
WILLIAM T MULLIGAN	BOARD TREASURER	3.00	Officer Director	$0	$0	$0
CAL SCHMIDT	BOARD MEMBER	1.00	Director	$0	$0	$0
CHRISTY KAUFMAN	BOARD MEMBER	1.00	Director	$0	$0	$0
ERIK CARDENAS	BOARD MEMBER	1.00	Director	$0	$0	$0
GINA MARKSON MAGNUS	BOARD MEMBER	1.00	Director	$0	$0	$0
KAMILAH WILLIAMS-KEMP	BOARD MEMBER	1.00	Director	$0	$0	$0
KARL GOUVERNEUR	BOARD MEMBER	1.00	Director	$0	$0	$0
KENNETH BASTIN MD	BOARD MEMBER	1.00	Director	$0	$0	$0
LAURIE LAFONTAINE	BOARD MEMBER	1.00	Director	$0	$0	$0
MARTY BORELL	BOARD MEMBER	1.00	Director	$0	$0	$0
MAUREEN STAPLETON	BOARD MEMBER	1.00	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
2024	$346,836,448	$338,877,461	$647,789,890	$7,958,987
2023	$140,483,557	$147,773,805	$558,436,149	$-7,290,248
2023	$354,435,970	$345,460,916	$549,641,368	$8,975,054
2022	$340,397,933	$316,161,523	$507,748,271	$24,236,410
2021	$335,690,953	$284,506,563	$501,256,001	$51,184,390
2020	$289,869,535	$253,931,739	$448,754,130	$35,937,796
2020	$289,831,014	$253,931,739	$448,245,539	$35,899,275
2019	$235,874,336	$214,384,410	$307,898,322	$21,489,926
2018	$204,995,473	$186,285,971	$265,546,539	$18,709,502

ROGERS MEMORIAL HOSPITAL INC