LESTER E COX MEDICAL CENTERS (EIN 440577118) - Form 990 Financial Analysis & Trantor Score

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

1923

Legal Domicile

Phone

4172693000

Tax Period

2023-10-01 to 2024-09-30

LESTER E COX MEDICAL CENTERS, founded in 1923, is a large national nonprofit in the Health Care sector that reported $1.8B in total revenue in fiscal year 2023. Revenue grew 12% year-over-year, indicating healthy expansion. Expenses of $1.8B left a modest 3% surplus.

Mission

The organization provides quality health care, education and research in order to improve the health of the communities it serves.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $10,152,147

Program Service Revenue $1,772,645,515

Investment Income $44,569,422

Other Revenue $3,027,682

TOTAL REVENUE $1,830,394,766

Expense Breakdown

Grants Paid $1,979,951

Salaries & Benefits $710,994,045

Fundraising Expenses $637,499

Program Expenses $1,559,566,009

Other Expenses $1,057,460,592

TOTAL EXPENSES $1,770,434,588

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,830,394,766	$1,639,754,736	+0.1%
Expenses	$1,770,434,588	$1,611,918,444	+0.1%
Net Income	$59,960,178	$27,836,292	+1.2%

Key Indicators

✓ Grants to Organizations ✓ Grants to Individuals ✓ Lobbying ✗ Political Activity ✓ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

13423

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

$3,547,760

Total Directors

Key Employees

$2,737,208

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
HAL L HIGDON	CHAIR	1.0	Officer Director	$0	$0	$0
BRAD E ERWIN	BOARD MEMBER	1.0	Director	$0	$0	$0
JEFFERSON M TYNES	BOARD MEMBER	1.0	Director	$0	$0	$0
LARRY W LIPSCOMB	BOARD MEMBER	1.0	Director	$0	$0	$0
ROBERT C FULP	BOARD MEMBER	1.0	Director	$0	$0	$0
SALLY HARGIS	BOARD MEMBER	1.0	Director	$0	$0	$0
JACOB M MCWAY	EVP, COXHEALTH CFO	1.0	Officer	$0	$221,113	$1,533,041
MAX D BUETOW	PRESIDENT & CEO	1.0	Officer	$0	$305,452	$1,922,931
VICKIE J NELSON	SECRETARY	1.0	Officer	$0	$11,742	$91,788
ASHLEY CASAD	PRESIDENT, SHG	40.0	Key Emp	$413,347	$24,206	$437,553
BETH G POLIVKA	SVP, CNO	40.0	Key Emp	$362,495	$28,774	$391,269
DARREN BASS	VP, CLINICAL SERVICES	40.0	Key Emp	$0	$12,064	$145,949
ELLEN HAMMOCK	VP, CMG	40.0	Key Emp	$306,296	$22,402	$328,698
JEFF HAWKINS	VP, CLINICAL SERVICES	40.0	Key Emp	$322,004	$25,108	$347,112
JONATHAN B SHAMEL	SVP, CMG	40.0	Key Emp	$393,115	$32,211	$425,326
SHAWN USERY MD	SVP, CMO	40.0	Key Emp	$635,446	$25,855	$661,301
Gregory Stamps	PHYSICIAN	40.0	Highest	$763,815	$24,874	$788,689
Karim Welaya	PHYSICIAN	40.0	Highest	$1,014,319	$33,805	$1,048,124
Louis Krenn	PHYSICIAN	40.0	Highest	$956,238	$33,805	$990,043
Mimi Propst	PHYSICIAN	40.0	Highest	$822,105	$22,611	$844,716
Rajesh Banderudrappagari	PHYSICIAN	40.0	Highest	$790,118	$37,679	$827,797
DAVID STRONG	FORMER VP, HOSPITAL REVENUE	0.0		$57,647	$0	$115,294
KAREN KRAMER	FORMER SVP, PRES SPRINGFIELD HOSP	0.0		$233,712	$43,414	$277,126
STEVE EDWARDS	FORMER PRESIDENT & CEO	0.0		$0	$34,105	$752,528

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	$1,830,394,766	$1,770,434,588	$2,055,262,059	$59,960,178
2023	$1,639,754,736	$1,611,918,444	$1,932,352,204	$27,836,292
2022	$1,579,841,659	$1,491,924,122	$1,842,947,814	$87,917,537
2021	$1,458,642,232	$1,362,990,040	$1,947,973,281	$95,652,192
2020	$1,242,454,411	$1,200,307,528	$1,734,890,340	$42,146,883
2019	$1,233,130,712	$1,155,222,365	$1,753,434,894	$77,908,347
2018	$1,239,584,665	$1,174,710,366	$1,621,399,974	$64,874,299

LESTER E COX MEDICAL CENTERS