LORING HOSPITAL (EIN 421418132) - 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

1993

Legal Domicile

Principal Officer

RUSS DAVIS

Phone

7126627105

Tax Period

2024-07-01 to 2025-06-30

LORING HOSPITAL, founded in 1993, is a mid-sized nonprofit in the Health Care sector that reported $25.1M in total revenue in fiscal year 2024. Revenue grew 15% year-over-year, indicating healthy expansion. The organization ran a surplus of $6.2M, a strong 25% operating margin.

Mission

SEE FORM 990, PART III, LINE 1.

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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 $1,792,031

Program Service Revenue $21,856,437

Investment Income $576,351

Other Revenue $891,859

TOTAL REVENUE $25,116,678

Expense Breakdown

Grants Paid $0

Salaries & Benefits $8,645,409

Fundraising Expenses $0

Program Expenses $15,011,518

Other Expenses $10,241,507

TOTAL EXPENSES $18,886,916

Year-over-Year Comparison

	2024	2023	Change
Revenue	$25,116,678	$21,759,819	+0.2%
Expenses	$18,886,916	$18,342,506	+0.0%
Net Income	$6,229,762	$3,417,313	+0.8%

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

140

Volunteers

264

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

$260,624

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
FRANK RICHARDSON	CHAIR	1.00	Officer Director	$0	$0	$0
ANDY MEREDITH	VICE-CHAIR	1.00	Officer Director	$0	$0	$0
SHELLY CRUMP	TREASURER	1.00	Officer Director	$0	$0	$0
TANCY BECKER	SECRETARY	1.00	Officer Director	$0	$0	$0
KAY BLESSINGTON	DIRECTOR	1.00	Director	$0	$0	$0
RUSS DAVIS	DIRECTOR	1.00	Director	$0	$0	$0
MIKE GREEN	DIRECTOR	1.00	Director	$0	$0	$0
EVAN HECHT	DIRECTOR	1.00	Director	$0	$0	$0
DR ZOLTON PEK	DIRECTOR	1.00	Director	$0	$0	$0
KODI BROTHERSON	DIRECTOR	1.00	Director	$0	$0	$0
WENDY HURD	DIRECTOR	1.00	Director	$0	$0	$0
MATTHEW D JOHNSON	CONTRACT CEO	40.00	Officer	$0	$0	$260,624
PEGGY MUNGER	PHARMACIST	40.00	Highest	$174,445	$26,328	$200,773
TREVOR TOFT	CFO	40.00	Highest	$158,579	$26,066	$184,645
LUISA CHING	PHYSICAL THERAPIST	40.00	Highest	$117,057	$24,567	$141,624
TINA ZIMMERMAN	RN	40.00	Highest	$111,545	$24,615	$136,160
MICHAEL ERAL	IT DIRECTOR	40.00	Highest	$116,969	$24,766	$141,735

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	$25,116,678	$18,886,916	$56,486,477	$6,229,762
2024	$21,759,819	$18,342,506	$33,249,963	$3,417,313
2023	$18,436,674	$16,733,635	$28,110,026	$1,703,039
2022	$18,194,178	$15,922,004	$27,491,880	$2,272,174
2021	$18,740,491	$14,271,306	$29,324,166	$4,469,185
2020	$15,009,416	$13,020,207	$28,594,671	$1,989,209

LORING HOSPITAL