PORTSMOUTH HOSPITAL CORPORATION (EIN 453215312) - 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

2010

Legal Domicile

Principal Officer

SARA MARKS

Phone

7409914000

Tax Period

2023-07-01 to 2024-06-30

PORTSMOUTH HOSPITAL CORPORATION, founded in 2010, is a mid-sized nonprofit in the Health Care sector that reported $30.2M in total revenue in fiscal year 2023.

Mission

TO CARE. TO SERVE. TO HEAL.

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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 $2,959

Program Service Revenue $30,214,263

Investment Income $20,010

Other Revenue $0

TOTAL REVENUE $30,237,232

Expense Breakdown

Grants Paid $12,320

Salaries & Benefits $15,202,530

Fundraising Expenses $0

Program Expenses $25,725,560

Other Expenses $14,254,212

TOTAL EXPENSES $29,469,062

Year-over-Year Comparison

	2023	2022	Change
Revenue	$30,237,232	$28,703,872	+0.1%
Expenses	$29,469,062	$20,919,363	+0.4%
Net Income	$768,170	$7,784,509	-0.9%

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

240

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

$2,405,900

Total Directors

Key Employees

$190,019

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DAVID JONES	CHAIRMAN, BOARD OF DIRECTORS	0.25	Officer Director	$0	$0	$0
CRAIG COLLINS	BOARD OF DIRECTORS	0.25	Director	$0	$0	$0
ERIC MONDAY	BOARD OF DIRECTORS	0.25	Director	$0	$0	$0
GINA DUGAS	BOARD OF DIRECTORS	0.25	Director	$0	$0	$0
JOHN STEWART	BOARD OF DIRECTORS	0.25	Director	$0	$0	$0
MARK BIRDWHISTELL	BOARD OF DIRECTORS	0.25	Director	$0	$0	$0
PENNY COX	BOARD OF DIRECTORS	0.25	Director	$0	$0	$0
ROBERT DIPAOLA	BAORD OF DIRECTORS	0.25	Director	$0	$0	$0
STEPHEN ADDINGTON	BOARD OF DIRECTORS	0.25	Director	$0	$0	$0
TOM BURNETTE	BOARD OF DIRECTORS	0.25	Director	$0	$0	$0
STEVEN CLIFTON	SECRETARY	0.25	Officer	$0	$0	$0
AMY SAUNDERS	ASSISTANT SECRETARY	0.25	Officer	$0	$20,545	$271,398
AUTUMN MCFANN	TREASURER	1.25	Officer	$0	$136,203	$1,017,787
SARA MARKS	PRESIDENT/CEO	1.25	Officer	$0	$136,985	$1,116,715
ROY ADAMS	PHC MEDICAL DIRECTOR, PHYSICIAN	0.25	Key Emp	$1,250	$25,917	$190,019
CHARLES L CONLEY	PHYSICIAN	10.00	Highest	$105,780	$38,968	$628,816
CRAIG HAZELBAKER	PHARMACIST / PHARMACY SUPERVISOR	40.00	Highest	$169,927	$23,822	$193,749
JAMES NEAL	CNO PHC	45.00	Highest	$147,045	$15,567	$162,612
MELISSA WATSON	PHARMACIST	40.00	Highest	$169,689	$23,305	$193,196
TONY VIRGIN	PHYSICIAN	19.50	Highest	$207,685	$37,986	$775,593

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	No data	No data	No data	No data
2024	$30,237,232	$29,469,062	$28,891,175	$768,170
2023	$28,703,872	$20,919,363	$28,835,305	$7,784,509
2022	$38,619,685	$26,895,901	$26,660,626	$11,723,784
2021	$31,758,417	$24,286,824	$28,952,850	$7,471,593
2020	$23,373,493	$21,636,144	$24,693,703	$1,737,349
2019	$22,441,294	$21,777,597	$24,997,425	$663,697
2018	$24,056,402	$24,979,563	$26,912,139	$-923,161

PORTSMOUTH HOSPITAL CORPORATION