WALKER METHODIST HEALTH CENTER 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

1915

Legal Domicile

Principal Officer

SCOTT RIDDLE

Phone

6128278400

Tax Period

2023-01-01 to 2023-12-31

WALKER METHODIST HEALTH CENTER INC, founded in 1915, is a mid-sized nonprofit in the Human Services sector that reported $33.6M in total revenue in fiscal year 2023. The organization ran a surplus of $25.2M, a strong 75% operating margin.

Mission

LIFE. AND ALL THE LIVING THAT GOES WITH IT. ENHANCING THE LIVES OF OLDER ADULTS THROUGH A CULTURE OF CARE, RESPECT, AND SERVICE.

Program Service Accomplishments

Program 1

Expenses: $7,151,863 Revenue: $9,007,624

WALKER METHODIST HEALTH CENTER, INC., ACCOMPLISHES ITS EXEMPT PURPOSE BY PROVIDING SKILLED NURSING, MEMORY CARE, HOSPICE CARE, TRANSITIONAL CARE, REHABILITATION SERVICES, ADULT DAY SERVICES, MEALS ON WHEELS, AND DENTAL SERVICES IN A 260-BED LICENSED NURSING FACILITY. A SECURE AND COMFORTABLE ENVIRONMENT IS OFFERED WITH PREVENTATIVE AND SUPPORTIVE HEALTH CARE, AS WELL AS PROGRAMS AND SERVICES THAT ENCOURAGE CONTINUED INDEPENDENCE AND ACTIVE RETIREMENT. FOR THE YEAR ENDED DECEMBER 31, 2023 THE OCCUPANCY RATE WAS 78.46%. RESIDENTS MAY RECEIVE A VARIETY OF HEALTH SERVICES TO MEET THEIR INDIVIDUAL NEEDS, AND ELDERLY OF THE COMMUNITY AT LARGE ARE WELCOME TO USE MANY SERVICES PROVIDED ON THE CAMPUS. OPPORTUNITIES FOR CREATIVE EXPRESSION, SPIRITUAL CARE, INTELLECTUAL STIMULATION, SOCIAL INTERACTION, AND VOLUNTEERING ARE PROVIDED AS WELL.

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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 $92,010

Program Service Revenue $9,007,624

Investment Income $24,473,430

Other Revenue $69,614

TOTAL REVENUE $33,642,678

Expense Breakdown

Grants Paid $800

Salaries & Benefits $5,383,413

Fundraising Expenses $0

Program Expenses $7,151,863

Other Expenses $3,049,377

TOTAL EXPENSES $8,433,590

Year-over-Year Comparison

	2023	2022	Change
Revenue	$33,642,678	$31,882,219	+0.1%
Expenses	$8,433,590	$27,722,171	-0.7%
Net Income	$25,209,088	$4,160,048	+5.1%

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

316

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

$764,161

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
PHIL HANSON	CHAIR	0.02	Director	$0	$0	$0
MICK FINN	VICE CHAIR	0.03	Director	$0	$0	$0
LYNN SWON	TREASURER	0.03	Director	$0	$0	$0
FRED SEMMER	SECRETARY	0.03	Director	$0	$0	$0
JIM BALLENTINE	DIRECTOR	0.03	Director	$0	$0	$0
SUE BERGSTROM	DIRECTOR	0.03	Director	$0	$0	$0
BOB HAKES	DIRECTOR	0.03	Director	$0	$0	$0
CAROL KRAFT	DIRECTOR	0.03	Director	$0	$0	$0
KATE LEE	DIRECTOR	0.03	Director	$0	$0	$0
SCOTT REDDEN	DIRECTOR	0.03	Director	$0	$0	$0
SCOTT RIDDLE	PRESIDENT/CEO	4.20	Officer	$0	$21,688	$472,501
RUSS GRUNDHAUSER	CFO	4.20	Officer	$0	$29,743	$291,660
BARNAS VERONICA	VP OF HR	1.00	Highest	$0	$12,567	$199,127
RANSFORD BEVERLY	VP OF QUALITY	1.00	Highest	$0	$3,159	$193,746
WILSON STEPHEN	VP OF OPERATIONS	1.00	Highest	$0	$10,429	$189,776
SCHRUPP BRENDA	VP OF QUALITY AND CORP COMPLIANCE	1.00	Highest	$0	$10,420	$178,105

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	$33,642,678	$8,433,590	$1,527,678	$25,209,088
2022	$31,882,219	$27,722,171	$39,952,188	$4,160,048
2021	$30,508,941	$27,659,109	$38,407,480	$2,849,832
2020	$31,611,484	$28,525,136	$35,014,620	$3,086,348
2019	$31,066,484	$28,308,569	$30,841,736	$2,757,915
2018	$30,928,981	$28,024,227	$28,174,753	$2,904,754