POLK MEDICAL CENTER INC (EIN 453957368) - 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

2011

Legal Domicile

Principal Officer

KURT STUENKEL

Phone

7065096074

Tax Period

2023-01-01 to 2023-12-31

POLK MEDICAL CENTER INC, founded in 2011, is a mid-sized nonprofit in the Health Care sector that reported $56.0M in total revenue in fiscal year 2023. Revenue decreased 18% compared to the prior year. The organization ran a surplus of $23.6M, a strong 42% operating margin.

Mission

TO IMPROVE HEALTH, ELEVATE HOPE, AND ADVANCE HEALING - FOR ALL.

🔒

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 $507,245

Program Service Revenue $54,479,348

Investment Income $949,042

Other Revenue $54,402

TOTAL REVENUE $55,990,037

Expense Breakdown

Grants Paid $0

Salaries & Benefits $14,624,179

Fundraising Expenses $0

Program Expenses $26,047,999

Other Expenses $17,734,153

TOTAL EXPENSES $32,358,332

Year-over-Year Comparison

	2023	2022	Change
Revenue	$55,990,037	$68,199,123	-0.2%
Expenses	$32,358,332	$49,193,702	-0.3%
Net Income	$23,631,705	$19,005,421	+0.2%

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

N/A

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

$2,852,402

Total Directors

$2,059,505

Key Employees

$595,780

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KURT STUENKEL	BOARD MEMBER, PRES/SEC	1.00	Officer Director	$0	$52,834	$1,697,674
THOMAS MANNING	SVP, CHF LEGAL OFF & SEC	1.00	Officer	$0	$68,936	$697,067
WARREN SONNY RIGAS	FORMER OFFICER	0.00		$0	$0	$605,078
MATTHEW GORMAN	VP CORP/NTWRK SVC	39.00	Key Emp	$0	$66,028	$595,780
E CLARICE CABLE	FORMER OFFICER	0.00		$0	$51,339	$459,815
PHILIP WHEELER	CFO	37.00	Officer	$0	$38,095	$451,911
TIFANI KINARD	ADMINISTRATOR	40.00	Highest	$0	$41,160	$317,288
DEANA OWEN	PHARMACY DIRECTOR	40.00	Highest	$0	$40,072	$238,280
LOVEJOY LEIGH	PHARMACIST	40.00	Highest	$0	$42,201	$196,119
ANITA JACKSON	AVP ASST ADMINISTRATOR	40.00	Highest	$0	$42,676	$195,997
SANDRA WALKER	REGISTERED NURSE	40.00	Highest	$0	$6,799	$167,657
KAY CHUMBLER	VICE CHAIR (TO 6/30/23)	1.00	Director	$2,500	$0	$9,375
GEORGE A BOSWORTH MD	DIRECTOR	1.00	Director	$1,750	$0	$7,000
NEIL E GORDON MD	BOARD MEMBER	1.00	Director	$2,750	$39,152	$323,706
TODD BUSSEY	CHAIR (FROM 6/30/23)	1.00	Officer Director	$2,250	$0	$4,500
DOUGLAS E ELLIOTT	BOARD MEMBER	1.00	Director	$2,750	$0	$2,750
FRANK SHELLEY	CHAIR (TO 6/30/23)	1.00	Officer Director	$750	$0	$1,250
BRITT MADDEN JR	BOARD MEMBER	1.00	Director	$2,250	$0	$2,250
DARCY MORRIS	BOARD MEMBER	1.00	Director	$2,500	$0	$2,500
DARRIN KINES	BOARD MEMBER	1.00	Director	$2,500	$0	$2,500
DEANNA WILLIAMS	BOARD MEMBER	1.00	Director	$750	$0	$750
MARY MILLER	BOARD MEMBER	1.00	Director	$2,500	$0	$2,500
SONDI SMITH VEST	BOARD MEMBER	1.00	Director	$2,750	$0	$2,750

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	No data	No data	No data	No data
2023	$55,990,037	$32,358,332	$115,877,947	$23,631,705
2022	$68,199,123	$49,193,702	$96,604,967	$19,005,421
2021	$21,458,525	$13,539,990	$97,824,042	$7,918,535
2021	$39,109,264	$25,210,666	$101,830,364	$13,898,598
2020	$32,320,130	$24,391,494	$93,713,462	$7,928,636
2019	$33,677,186	$24,659,309	$77,697,143	$9,017,877
2018	$34,048,993	$25,431,336	$66,780,229	$8,617,657

POLK MEDICAL CENTER INC