HEGG MEMORIAL HOSPITAL D/B/A HEGG HEALTH CENTER (EIN 420932564) - 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

1967

Legal Domicile

Principal Officer

GLENN ZEVENBERGEN

Phone

7124768000

Tax Period

2024-07-01 to 2025-06-30

HEGG MEMORIAL HOSPITAL D/B/A HEGG HEALTH CENTER, founded in 1967, is a mid-sized nonprofit in the Health Care sector that reported $30.4M in total revenue in fiscal year 2024.

Mission

SERVING THE COMMUNITY THROUGH PROVISION OF HEALTHCARE AND HEALTH/SAFETY EDUCATION.

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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 $380,282

Program Service Revenue $28,578,394

Investment Income $886,021

Other Revenue $543,197

TOTAL REVENUE $30,387,894

Expense Breakdown

Grants Paid $256,250

Salaries & Benefits $17,186,852

Fundraising Expenses $50,850

Program Expenses $23,868,498

Other Expenses $12,048,930

TOTAL EXPENSES $29,492,032

Year-over-Year Comparison

	2024	2023	Change
Revenue	$30,387,894	$30,688,739	0.0%
Expenses	$29,492,032	$27,990,865	+0.1%
Net Income	$895,862	$2,697,874	-0.7%

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

356

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

$529,771

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JASON VANSURKSUM	PRESIDENT	0.40	Officer Director	$0	$0	$0
JEREMY VANZEE	VICE PRESIDENT	0.40	Officer Director	$0	$0	$0
NANCY DORHOUT	SECRETARY	0.40	Officer Director	$0	$0	$0
JOHN HOOGENDOORN	MEMBER	0.40	Director	$0	$0	$0
JEFF TREINEN	MEMBER	0.40	Director	$0	$0	$0
BRAD VAN HEUVELEN	MEMBER	0.40	Director	$0	$0	$0
DEL KNOBLOCH	MEMBER	0.40	Director	$0	$0	$0
TWILA DEKAM	MEMBER	0.40	Director	$0	$0	$0
DAVID REINKE MD	MEMBER FROM 12/2024	0.40	Director	$0	$0	$0
LIZ ARKEMA	MEMBER UNTIL 12/2024	0.40	Director	$0	$0	$0
GLENN ZEVENBERGEN	CEO/ADMINISTRATOR	40.00	Officer	$310,718	$55,789	$366,507
WILLIAM SLATER	CFO	40.00	Officer	$156,985	$6,279	$163,264
NICOLLE SAMUELS	REHAB DIRECTOR	40.00	Highest	$169,145	$6,766	$175,911
JEREMY MCCLENNEN	DIRECTOR OF PATIENT CARE	40.00	Highest	$120,875	$36,593	$157,468
STEVE RING	HR DIRECTOR	40.00	Highest	$112,700	$2,340	$115,040
AMBER VANVOORST	RN, ANESTHETIST	40.00	Highest	$206,633	$34,514	$241,147

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
2025	$30,387,894	$29,492,032	$60,421,642	$895,862
2024	$30,688,739	$27,990,865	$58,654,759	$2,697,874
2023	$26,212,799	$26,241,934	$54,683,761	$-29,135
2022	$25,994,184	$25,675,051	$54,600,776	$319,133
2021	$31,451,900	$24,661,102	$56,653,083	$6,790,798
2020	$23,283,428	$23,820,550	$54,454,806	$-537,122
2019	$22,659,406	$22,485,974	$49,256,517	$173,432
2018	$20,618,131	$20,289,717	$46,156,608	$328,414

HEGG MEMORIAL HOSPITAL D/B/A HEGG HEALTH CENTER