MARTIN HEALTH CENTER INC (EIN 420680487) - 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

1924

Legal Domicile

Principal Officer

PATRICK O'LEARY

Phone

3192772141

Tax Period

2023-01-01 to 2023-12-31

MARTIN HEALTH CENTER INC, founded in 1924, is a mid-sized nonprofit in the Human Services sector that reported $18.7M in total revenue in fiscal year 2023.

Mission

SEEKS TO CREATE FULFILLING LIFESTYLES FOR SENIORS, THEIR FAMILIES AND THOSE WE SERVE.

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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 $55,991

Program Service Revenue $18,693,895

Investment Income $58

Other Revenue $0

TOTAL REVENUE $18,749,944

Expense Breakdown

Grants Paid $0

Salaries & Benefits $9,892,908

Fundraising Expenses $0

Program Expenses $15,190,279

Other Expenses $9,000,391

TOTAL EXPENSES $18,893,299

Year-over-Year Comparison

	2023	2022	Change
Revenue	$18,749,944	$17,494,010	+0.1%
Expenses	$18,893,299	$20,588,502	-0.1%
Net Income	$-143,355	$-3,094,492	-1.0%

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

$1,580,524

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
SARAH BROWN	BOARD CHAIR	1.00	Officer Director	$0	$0	$0
RONALD GAINES	VICE CHAIR	1.00	Officer Director	$0	$0	$0
LARRY FOX	IMMEDIATE PAST CHAIR	1.00	Officer Director	$0	$0	$0
GREG SCHMITZ	TREASURER	1.00	Officer Director	$0	$0	$0
DR RICHARD FRANKHAUSER	SECRETARY	1.00	Officer Director	$0	$0	$0
NAFISSA EGBUONYE	DIRECTOR	1.00	Director	$0	$0	$0
ASHLEY SWANSON	DIRECTOR	1.00	Director	$0	$0	$0
DIANNE SCHULTZ	DIRECTOR	1.00	Director	$0	$0	$0
KRIS HANSEN	CHIEF EXECUTIVE OFFICER	1.00	Officer	$0	$42,357	$492,360
PAT O'LEARY	CHIEF STRATEGY OFFICER	1.00	Officer	$0	$39,871	$352,010
JERRY HARRIS	PRESIDENT-CEDAR FALLS OPERATIONS	1.00	Officer	$0	$39,247	$282,139
DARRELL MCCORMICK	CHIEF OPERATING OFFICER	1.00	Officer	$0	$47,857	$270,842
WENDY AGER	OPERATIONS SR DIRECTOR	1.00	Officer	$0	$7,045	$183,173

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	$18,749,944	$18,893,299	$19,484,020	$-143,355
2022	$17,494,010	$20,588,502	$20,295,697	$-3,094,492
2021	$19,618,814	$19,872,190	$21,811,733	$-253,376
2020	$17,386,284	$18,478,076	$23,372,322	$-1,091,792
2019	$15,369,562	$16,723,444	$24,164,227	$-1,353,882
2018	$13,297,638	$15,337,466	$24,277,963	$-2,039,828

MARTIN HEALTH CENTER INC