TRINITY REGIONAL MEDICAL CENTER (EIN 421009175) - 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

1973

Legal Domicile

Principal Officer

LEAH GLASGO

Phone

5155733101

Tax Period

2023-01-01 to 2023-12-31

TRINITY REGIONAL MEDICAL CENTER, founded in 1973, is a major nonprofit in the Health Care sector that reported $184.1M in total revenue in fiscal year 2023. Revenue grew 11% year-over-year, indicating healthy expansion. Expenses of $178.2M left a modest 3% surplus.

Mission

TO IMPROVE THE HEALTH OF OUR COMMUNITY AND REGION THROUGH HEALING, CARING AND 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 (2023)

Revenue Breakdown

Contributions & Grants $1,572,678

Program Service Revenue $176,883,085

Investment Income $2,939,314

Other Revenue $2,742,319

TOTAL REVENUE $184,137,396

Expense Breakdown

Grants Paid $9,523,599

Salaries & Benefits $94,904,606

Fundraising Expenses $0

Program Expenses $169,768,057

Other Expenses $73,755,274

TOTAL EXPENSES $178,183,479

Year-over-Year Comparison

	2023	2022	Change
Revenue	$184,137,396	$165,861,822	+0.1%
Expenses	$178,183,479	$157,178,024	+0.1%
Net Income	$5,953,917	$8,683,798	-0.3%

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

1045

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

$1,688,364

Total Directors

$2,580,200

Key Employees

$240,403

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CHARLES CLAYTON	BOARD MEMBER	1.00	Director	$0	$0	$0
NEVEN CONRAD	BOARD CHAIR	1.00	Officer Director	$0	$0	$0
CHRIS FRIDERES	BOARD MEMBER	1.00	Director	$0	$0	$0
MIKE FRISCHMEYER	BOARD CHAIR	1.00	Officer Director	$0	$0	$0
LEAH GLASGO - BOARD MEMBEER	& PRESIDENT/CEO (SC & FD)	1.00	Officer Director	$0	$94,671	$981,003
DEBRA JOHNSON	BOARD MEMBER	1.00	Director	$0	$0	$7,250
KEITH KOLACIA	BOARD MEMBER	1.00	Director	$0	$0	$0
MICHAEL LEE MD	BOARD MEMBER	1.00	Director	$0	$30,783	$485,644
JILL NELSON	BOARD MEMBER	1.00	Director	$0	$0	$0
LINCOLN WALLACE MD	BOARD SECRETARY/TREASURER	1.00	Officer Director	$0	$52,503	$381,878
MICHAEL WILLERTH MD	BOARD MEMBER	1.00	Director	$0	$41,147	$724,425
SARAH MARSH	VP FINANCE	1.00	Officer	$0	$41,604	$325,483
SHANNON MCQUILLEN	VP PEOPLE EXCELLENCE	40.00	Key Emp	$0	$42,417	$240,403
CHRISTOPHER CARZOLI DO	PHYSICIAN-EMERGENCY	40.00	Highest	$587,679	$48,317	$635,996
ANDREW DOSTER CRNA	NURSE ANESTHETIST	40.00	Highest	$301,498	$45,863	$347,361
ERIC HAGE CRNA	NURSE ANESTHETIST	40.00	Highest	$607,666	$46,979	$654,645
CHRISTOPHER HILL CRNA	PHYSICIAN-EMERGENCY	40.00	Highest	$436,639	$36,659	$547,764
JAY HONOMICHL CRNA	NURSE ANESTHETIST	40.00	Highest	$306,204	$32,063	$338,267
SUSAN THOMPSON-IHS INT CEO TO 0221	FMR INT BOARD MBR & PRES (TO 1/19)	0.00		$0	$0	$278,145
TROY MARTENS	FORMER COO (TO 03/22)	0.00		$0	$32,658	$289,961

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	$184,137,396	$178,183,479	$231,624,546	$5,953,917
2022	$165,861,822	$157,178,024	$219,585,097	$8,683,798
2021	$164,643,277	$151,959,876	$231,496,261	$12,683,401
2020	$148,891,510	$133,905,636	$221,646,201	$14,985,874
2019	$137,742,002	$128,077,581	$183,732,073	$9,664,421
2018	$128,753,159	$127,494,578	$164,370,042	$1,258,581

TRINITY REGIONAL MEDICAL CENTER