ALLEN MEMORIAL HOSPITAL CORPORATION (EIN 420698265) - 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

1938

Legal Domicile

Principal Officer

JENNIFER FRIEDLY

Phone

3192353995

Tax Period

2023-01-01 to 2023-12-31

ALLEN MEMORIAL HOSPITAL CORPORATION, founded in 1938, is a major nonprofit in the Health Care sector that reported $371.7M in total revenue in fiscal year 2023. Revenue grew 13% year-over-year, indicating healthy expansion.

Mission

IMPROVE THE HEALTH OF THE PEOPLE AND COMMUNITIES WE SERVE THROUGH HEALING, CARING AND TEACHING.

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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 $4,061,357

Program Service Revenue $363,031,783

Investment Income $3,457,130

Other Revenue $1,197,726

TOTAL REVENUE $371,747,996

Expense Breakdown

Grants Paid $41,054,817

Salaries & Benefits $167,948,450

Fundraising Expenses $0

Program Expenses $360,274,225

Other Expenses $172,279,310

TOTAL EXPENSES $381,282,577

Year-over-Year Comparison

	2023	2022	Change
Revenue	$371,747,996	$328,488,106	+0.1%
Expenses	$381,282,577	$340,402,400	+0.1%
Net Income	$-9,534,581	$-11,914,294	-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

2373

Volunteers

306

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

$2,237,261

Total Directors

$2,614,442

Key Employees

$1,267,112

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
STACEY BENTLEY	BOARD MEMBER	1.00	Director	$0	$0	$0
HENRY BEVEL	BOARD MEMBER	1.00	Director	$0	$0	$0
MICHAEL BYL	BOARD VICE CHAIR	1.00	Officer Director	$0	$0	$0
KYLE CHRISTIASON MD	BOARD CHAIR	1.00	Officer Director	$0	$43,125	$427,928
PAMELA DELAGARDELLE TO 823	BOARD MEMBER/PRESIDENT/CEO	40.00	Officer Director	$502,003	$102,337	$1,082,998
JENNIFER FRIEDLY-VP COO TO 823	BOARD MEMBER/MARKET PRES (FR 8/23)	40.00	Officer Director	$407,057	$76,127	$483,184
JOAN HEADINGTON	BOARD MEMBER	1.00	Director	$0	$0	$0
CAROL HIBBS	BOARD MEMBER	1.00	Director	$0	$0	$0
LANCE HORBACH	BOARD MEMBER	1.00	Director	$0	$0	$0
PRADEEP RAMESH MD	BOARD MEMBER	1.00	Director	$0	$51,789	$620,332
JOSEPH TRIPP-RIEKS	BOARD MEMBER	1.00	Director	$0	$0	$0
MARY WERTZBERGER	BOARD MEMBER	1.00	Director	$0	$0	$0
ZACHARY FRENCH	VP FINANCE	40.00	Officer	$226,659	$16,492	$243,151
RUSSELL ADAMS	CHIEF MEDICAL OFFICER	40.00	Key Emp	$34,493	$39,022	$526,675
SARAH BROWN TO 723	CHIEF NURSING OFFICER	40.00	Key Emp	$204,647	$46,528	$504,908
JODEE KNOX FR 723	INTERIM CHIEF NURSING OFFICER	40.00	Key Emp	$224,300	$11,229	$235,529
RAJEEV ANUGU MD	PHYSICIAN- RADIOLOGY	40.00	Highest	$1,156,408	$48,406	$1,204,814
PAUL MCCAUGHEY DO	EMERGENCY MEDICINE	40.00	Highest	$795,699	$51,456	$847,155
NISHAD NADKARNI MD	PHYSICIAN- RADIOLOGY	40.00	Highest	$919,093	$27,242	$946,335
MARK NEWTON MD	PHYSICIAN- UROLOGY	40.00	Highest	$793,733	$42,691	$836,424
ROBERTO SALAS FRAGOMENI MD	PHYSICIAN- RADIOLOGY	40.00	Highest	$1,119,108	$41,626	$1,160,734
STEVEN PALMERSHEIM TO 1221	FORMER VP FINANCE/CFO UPC & ACO	0.00		$0	$77,246	$528,348
CHRISTOPHER HILL DO TO 121	PHYSICIAN-ER/PHYSICIAN DYAD LEADER	0.00		$0	$36,658	$547,762

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	$371,747,996	$381,282,577	$391,654,120	$-9,534,581
2022	$328,488,106	$340,402,400	$406,846,827	$-11,914,294
2021	$308,745,065	$301,903,022	$460,161,982	$6,842,043
2020	$304,655,086	$292,585,214	$444,081,871	$12,069,872
2019	$310,189,915	$285,517,378	$384,612,585	$24,672,537
2018	$283,096,737	$268,240,434	$339,314,585	$14,856,303

ALLEN MEMORIAL HOSPITAL CORPORATION