MEMORIAL COMMUNITY HOSPITAL (EIN 470426285) - 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

1956

Legal Domicile

Principal Officer

JENNIFER NEWBY

Phone

4024262182

Tax Period

2023-01-01 to 2023-12-31

MEMORIAL COMMUNITY HOSPITAL, founded in 1956, is a mid-sized nonprofit in the Health Care sector that reported $54.1M in total revenue in fiscal year 2023. Revenue grew 12% year-over-year, indicating healthy expansion. Expenses of $47.0M left a modest 13% surplus.

Mission

AS AN ENGAGED TEAM OF PHYSICIANS, MEDICAL PROFESSIONALS, AND SUPPORT STAFF WE ARE COMMITTED TO DELIVERING STATE-OF-THE-ART HEALTH CARE TAILORED TO OUR UNIQUE COMMUNITY AND SECOND TO NONE IN THE AREA.

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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 $365,246

Program Service Revenue $50,570,975

Investment Income $401,719

Other Revenue $2,785,495

TOTAL REVENUE $54,123,435

Expense Breakdown

Grants Paid $0

Salaries & Benefits $27,425,875

Fundraising Expenses $0

Program Expenses $33,792,272

Other Expenses $19,603,487

TOTAL EXPENSES $47,029,362

Year-over-Year Comparison

	2023	2022	Change
Revenue	$54,123,435	$48,446,301	+0.1%
Expenses	$47,029,362	$44,304,997	+0.1%
Net Income	$7,094,073	$4,141,304	+0.7%

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

341

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

Total Directors

$611,859

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JOHN SIMONSON MD	BOARD MEMBER/PHYSICIAN	40.00	Director	$312,627	$8,465	$321,092
SARAH CHATT	TREASURER	1.00	Officer Director	$0	$0	$0
NEIL SMITH	SECRETARY	1.00	Officer Director	$0	$0	$0
KYLE ACRE	CHAIR	1.00	Officer Director	$0	$0	$0
SANDRA BAUMBERGER MD	BOARD MEMBER/PHYSICIAN	40.00	Director	$277,694	$13,073	$290,767
ROBIN CONYERS	BOARD MEMBER	1.00	Director	$0	$0	$0
GREGG DRABEK MD	VICE CHAIR	25.00	Officer Director	$0	$0	$0
LORI NAHNSEN	BOARD MEMBER	1.00	Director	$0	$0	$0
MANUELA WOLF	PRESIDENT & CEO	40.00	Officer	$0	$0	$0
TIM SCHNACK	FORMER CFO (TERMED 09/23)	40.00	Officer	$0	$0	$0
JENNIFER NEWBY	CFO	40.00	Officer	$0	$0	$0
KEVIN SISK MD	PHYSICIAN	40.00	Highest	$539,665	$11,423	$551,088
TONY TRAN	CRNA	40.00	Highest	$360,131	$13,073	$373,204
JEREMY LEE MD	PHYSICIAN	40.00	Highest	$372,311	$4,469	$376,780
SANTOSH KUMAR MD	PHYSICIAN	40.00	Highest	$357,826	$14,216	$372,042
AMANDA DUXBURY MD	PHYSICIAN	40.00	Highest	$308,553	$11,503	$320,056

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	$54,123,435	$47,029,362	$63,204,493	$7,094,073
2022	$48,446,301	$44,304,997	$56,664,523	$4,141,304
2021	$44,044,678	$39,010,108	$56,275,818	$5,034,570
2020	$40,386,859	$36,913,162	$51,670,710	$3,473,697
2019	$35,076,538	$34,214,961	$46,354,480	$861,577
2018	$33,502,026	$33,057,076	$43,496,345	$444,950

MEMORIAL COMMUNITY HOSPITAL