FREEMAN NEOSHO HOSPITAL INC (EIN 431240629) - 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

Phone

4173471111

Tax Period

2024-04-01 to 2025-03-31

FREEMAN NEOSHO HOSPITAL INC, founded in 1993, is a mid-sized nonprofit in the Health Care sector that reported $40.1M in total revenue in fiscal year 2024. Revenue grew 8% year-over-year, indicating healthy expansion. The organization ran a surplus of $7.2M, a strong 18% operating margin.

Mission

FREEMAN NEOSHO PROVIDES WORLD CLASS, COMPASSIONATE HEALTHCARE SERVICES WHERE IT MATTERS MOST, CLOSE TO HOME. SEE SCHEDULE O FOR ADDITIONAL INFORMATION.

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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 $38,890

Program Service Revenue $34,827,856

Investment Income $5,115,889

Other Revenue $147,082

TOTAL REVENUE $40,129,717

Expense Breakdown

Grants Paid $47,340

Salaries & Benefits $19,973,274

Fundraising Expenses $0

Program Expenses $26,953,908

Other Expenses $12,859,939

TOTAL EXPENSES $32,880,553

Year-over-Year Comparison

	2024	2023	Change
Revenue	$40,129,717	$37,028,095	+0.1%
Expenses	$32,880,553	$31,940,373	+0.0%
Net Income	$7,249,164	$5,087,722	+0.4%

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

283

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

$3,552,803

Total Directors

$2,824,499

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Dr Larry Barnes	Physician/Secretary	40.0	Officer Director	$253,321	$30,152	$283,473
Mitch McCumber	Vice Chairman	1.0	Officer Director	$0	$0	$0
Paula Baker	President and CEO	6.0	Officer Director	$414,954	$40,985	$2,115,755
Rudy Farber	Chairman	1.0	Officer Director	$0	$0	$0
Dr Brady Hesington MD	Physician/Director	40.0	Director	$384,005	$41,266	$425,271
Dr Craig Pendergrass DO	Director	1.0	Director	$0	$0	$0
Dr Kent Farnsworth	Director	1.0	Director	$0	$0	$0
Gary Wasson	Director	1.0	Director	$0	$0	$0
Jim Armstrong	Director	1.0	Director	$0	$0	$0
Renee Denton	Chief Operating Officer	60.0	Officer	$220,561	$40,060	$260,621
Steve Graddy	CFO	10.0	Officer	$143,127	$34,194	$892,954
Adam James Field DO	Physician	60.0	Highest	$318,298	$35,057	$353,355
Benjamin Hogan Cesarz DO	Physician	40.0	Highest	$452,765	$20,179	$472,944
Douglas McDonald DO	Physician	31.0	Highest	$650,197	$44,330	$694,527
Matthew T Walter MD	Physician	60.0	Highest	$431,613	$20,267	$451,880
Michael Jay Pace DO	Physician	60.0	Highest	$482,192	$17,405	$499,597

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	$40,129,717	$32,880,553	$100,031,854	$7,249,164
2024	$37,028,095	$31,940,373	$90,572,258	$5,087,722
2023	$37,106,716	$31,855,733	$78,699,864	$5,250,983
2022	$37,155,199	$29,767,008	$77,854,209	$7,388,191
2021	$31,986,760	$27,201,803	$73,016,162	$4,784,957
2020	$29,804,604	$25,914,854	$52,317,439	$3,889,750
2019	$30,487,457	$25,773,716	$51,800,334	$4,713,741
2018	$34,264,803	$31,487,874	$47,335,161	$2,776,929

FREEMAN NEOSHO HOSPITAL INC