THE MARY LANNING MEMORIAL HOSPITAL ASSOCIATION (EIN 470378779) - 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

1915

Legal Domicile

Principal Officer

ERIC BARBER

Phone

4024634521

Tax Period

2023-01-01 to 2023-12-31

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.

Mission

PROVIDES INPATIENT, OUTPATIENT, EMERGENCY, ACUTE REHABILITATION, PSYCHIATRIC, AND CLINIC SERVICES.

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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 $13,066,647

Program Service Revenue $213,814,369

Investment Income $14,441,494

Other Revenue $1,865,805

TOTAL REVENUE $243,188,315

Expense Breakdown

Grants Paid $321,442

Salaries & Benefits $118,050,662

Fundraising Expenses $0

Program Expenses $210,959,070

Other Expenses $108,839,362

TOTAL EXPENSES $227,211,466

Year-over-Year Comparison

	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%

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

1386

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

$1,082,624

Total Directors

$175,063

Key Employees

Highest Compensated

reported

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

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	$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

THE MARY LANNING MEMORIAL HOSPITAL ASSOCIATION