HASTINGS, NE
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)THE MARY LANNING MEMORIAL HOSPITAL ASSOCIATION, founded in 1915, is a major nonprofit in the Health Care sector that reported $243.2M in total revenue in fiscal year 2023. Revenue grew 13% year-over-year, indicating healthy expansion. Expenses of $227.2M left a modest 7% surplus.
ADVANCING OUR TRADITION OF SERVICE, EDUCATION AND COMMUNITY INVOLVEMENT, MARY LANNING HEALTHCARE IS DEDICATED TO EXCELLENCE, OFFERING HOPE, HEALTH AND HEALING.
THE MARY LANNING MEMORIAL HOSPITAL ASSOCIATION D/B/A MARY LANNING HEALTHCARE (MLH), LOCATED IN HASTINGS, NEBRASKA, IS A NOT-FOR-PROFIT ACUTE CARE HOSPITAL WHICH PROVIDES INPATIENT, OUTPATIENT...
THE MARY LANNING MEMORIAL HOSPITAL ASSOCIATION D/B/A MARY LANNING HEALTHCARE (MLH), LOCATED IN HASTINGS, NEBRASKA, IS A NOT-FOR-PROFIT ACUTE CARE HOSPITAL WHICH PROVIDES INPATIENT, OUTPATIENT, EMERGENCY CARE, ACUTE REHABILITATION, PSYCHIATRIC SERVICES AND PHYSICIAN CLINIC SERVICES. MARY LANNING HEALTHCARE PROVIDES HEALTHCARE SERVICES TO THE GENERAL PUBLIC AND OPERATES ROUTINE SERVICE BEDS, ICU BEDS TOTALING 24,836 PATIENT DAYS. MLH HAD 203,631 OUTPATIENT VISITS AND EMERGENCY ROOM VISITS OF 14,873 IN 2023. MLH ALSO OPERATES A HOME HEALTH PROGRAM AND A SCHOOL OF NURSING. IN ADDITION, MLH OPERATES FOURTEEN PHYSICIAN CLINICS IN CENTRAL NEBRASKA, ALONG WITH AN OUTREACH PROGRAM TO SMALLER HOSPITALS IN WHICH TOGETHER MLH SEES APPROXIMATELY 30,000 PATIENTS PER YEAR. MLH OFFERS BEHAVIORAL HEALTH SERVICES ON AN INPATIENT AND OUTPATIENT BASIS, ACCOUNTING FOR 5,263 INPATIENT DAYS AND APPROXIMATELY 10,000 OUTPATIENT VISITS.MLH PROVIDES SEVERAL COMMUNITY PROGRAMS AS WELL. WE LIST ONLY THREE OF THEM. MLH PROVIDES A PLACE FOR FAMILY MEMBERS TO STAY AT A MINIMAL COST DURING TREATMENT, AT A COST OF $171,983 IN 2023. MLH ALSO HAS A PHARMACEUTICAL PATIENT ASSISTANCE PROGRAM THAT ASSISTS THOSE UNABLE TO PAY FOR PRESCRIPTION MEDICATIONS TO FIND ALTERNATIVE FUNDING THROUGH PHARMACEUTICAL COMPANIES AT A COST OF $143,865. TO PROVIDE THESE SERVICES, MLH ABSORBED OVER $37 MILLION IN COSTS DURING 2023. OVER $32 MILLION OF THAT RELATES TO CARE PROVIDED TO MEDICARE AND MEDICAID PATIENTS WITH AN ADDITIONAL $1.3M IN CARE TO THE UNINSURED IN THE FORM OF CHARITY CARE.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2023 | 2022 | Change | |
|---|---|---|---|
| Revenue | $243,188,315 | $214,951,990 | +0.1% |
| Expenses | $227,211,466 | $224,900,572 | +0.0% |
| Net Income | $15,976,849 | $-9,948,582 | -2.6% |
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
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| MICHAEL ALLEN | TREASURER | 1.00 |
Officer
Director
|
$0 | $22,263 | $175,063 |
| JEFF S ANDERSON | CHAIR | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| MICHELE BEVER | VICE CHAIR | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| ANNA STEHLIK | SECRETARY | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| CLARENCE GARY ANDERSON | TRUSTEE | 1.00 |
Director
|
$0 | $0 | $0 |
| JANIS JOHNSON | TRUSTEE | 1.00 |
Director
|
$0 | $0 | $0 |
| DANIEL HEROLD | TRUSTEE | 1.00 |
Director
|
$0 | $0 | $0 |
| ERIC BARBER | PRESIDENT/CEO | 40.00 |
Officer
|
$529,682 | $68,513 | $598,195 |
| SHAWN NORDBY | CHIEF FINANCIAL OFFICER | 40.00 |
Officer
|
$241,457 | $67,909 | $309,366 |
| BRENT HOOD | PHYSICIAN | 40.00 |
Highest
|
$1,690,147 | $71,263 | $1,761,410 |
| KALPESH GANATRA | PHYSICIAN | 40.00 |
Highest
|
$800,424 | $70,235 | $870,659 |
| MEHMET COPUR | PHYSICIAN | 40.00 |
Highest
|
$782,349 | $35,199 | $817,548 |
| SOE MIN TUN | PHYSICIAN | 40.00 |
Highest
|
$666,068 | $76,563 | $742,631 |
| SHAWN ACINO | PHYSICIAN | 40.00 |
Highest
|
$563,941 | $52,978 | $616,919 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2024 | No data | No data | No data | No data |
| 2023 | $243,188,315 | $227,211,466 | $249,638,390 | $15,976,849 |
| 2022 | $214,951,990 | $224,900,572 | $234,669,490 | $-9,948,582 |
| 2021 | $213,219,353 | $209,143,149 | $234,718,484 | $4,076,204 |
| 2020 | $214,715,496 | $198,890,005 | $238,418,227 | $15,825,491 |
| 2019 | $202,607,820 | $196,403,966 | $209,642,123 | $6,203,854 |
| 2018 | $173,863,882 | $179,472,419 | $195,442,924 | $-5,608,537 |
Compare THE MARY LANNING MEMORIAL HOSPITAL ASSOCIATION with other nonprofits in Nebraska and across the country.