Swisher Memorial Healthcare System (EIN 452230827) - 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

2011

Legal Domicile

Phone

8069953581

Tax Period

2024-01-01 to 2024-12-31

Swisher Memorial Healthcare System, founded in 2011, is a mid-sized nonprofit in the Health Care sector that reported $13.1M in total revenue in fiscal year 2024. Revenue grew 15% year-over-year, indicating healthy expansion. Expenses of $14.9M exceeded revenue, resulting in a 13% operating deficit.

Mission

TO PROVIDE QUALITY HEALTHCARE TO THE CITIZENS OF SWISHER COUNTY AND THE SURROUNDING AREAS.

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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 $462,207

Program Service Revenue $12,499,115

Investment Income $0

Other Revenue $146,382

TOTAL REVENUE $13,107,704

Expense Breakdown

Grants Paid $7,731

Salaries & Benefits $6,833,148

Fundraising Expenses $0

Program Expenses $13,348,399

Other Expenses $8,010,034

TOTAL EXPENSES $14,850,913

Year-over-Year Comparison

	2024	2023	Change
Revenue	$13,107,704	$11,414,394	+0.1%
Expenses	$14,850,913	$12,857,013	+0.2%
Net Income	$-1,743,209	$-1,442,619	+0.2%

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

111

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

$376,663

Total Directors

Key Employees

$214,664

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CHARLOTTE O'DANIEL	BOARD CHAIRMAN	1.0	Officer Director	$0	$0	$0
GWYN ANN SHANNON	VICE CHAIRMAN	1.0	Officer Director	$0	$0	$0
KA WILFONG	SECRETARY	1.0	Officer Director	$0	$0	$0
JAIME SUBEALDEA	DIRECTOR	1.0	Director	$0	$0	$0
KELLY CRISWELL	DIRECTOR	1.0	Director	$0	$0	$0
Lucas Brewer	CEO	40.0	Officer	$187,993	$51,083	$239,076
Mary Dutton	CFO	40.0	Officer	$119,876	$17,711	$137,587
Kelly Maxwell	CNO	40.0	Key Emp	$163,826	$50,838	$214,664
Cynthia Archer	Physician Assistant	40.0	Highest	$201,915	$22,647	$224,562
Deziree Durayappah	D.O.	40.0	Highest	$252,004	$36,942	$288,946
Kara Dyer	Physical Therapist	40.0	Highest	$178,779	$21,082	$199,861
Scott Dyer	Physical Therapy Director	40.0	Highest	$167,583	$33,038	$200,621
Travis King	Physician	40.0	Highest	$309,550	$54,336	$363,886

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	$13,107,704	$14,850,913	$6,019,374	$-1,743,209
2023	$11,414,394	$12,857,013	$7,525,014	$-1,442,619
2022	$12,257,763	$13,413,428	$9,433,318	$-1,155,665
2021	$14,608,197	$12,270,744	$11,170,345	$2,337,453
2021	$14,608,197	$12,270,744	$11,170,345	$2,337,453
2020	$12,961,956	$11,385,047	$11,057,131	$1,576,909
2019	$12,029,457	$11,209,024	$6,704,901	$820,433
2018	$11,004,222	$10,418,870	$5,945,115	$585,352

Swisher Memorial Healthcare System