JENNIE MELHAM MEMORIAL MEDICAL CENTER INC (EIN 470426530) - 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

1962

Legal Domicile

Principal Officer

KYLE D KELLUM

Phone

3088724180

Tax Period

2023-10-01 to 2024-09-30

JENNIE MELHAM MEMORIAL MEDICAL CENTER INC, founded in 1962, is a mid-sized nonprofit in the Health Care sector that reported $21.3M in total revenue in fiscal year 2023. Expenses of $20.6M left a modest 3% surplus.

Mission

THE PRIMARY MISSION AND PURPOSE OF THE JENNIE M. MELHAM MEMORIAL MEDICAL CENTER IS TO IMPROVE THE QUALITY OF LIFE IN ITS SURROUNDING SERVICE AREA BY PROVIDING AN ENVIRONMENT WHICH PROMOTES THE BEST POSSIBLE DELIVERY OF EMERGENCY, INPATIENT, SNF/SWING BED, OUTPATIENT, AMBULATORY CARE, AND INDEPENDENT LIVING APARTMENT 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 $46,910

Program Service Revenue $20,720,019

Investment Income $568,976

Other Revenue $-28,792

TOTAL REVENUE $21,307,113

Expense Breakdown

Grants Paid $0

Salaries & Benefits $9,597,935

Fundraising Expenses $22,946

Program Expenses $18,599,009

Other Expenses $11,020,094

TOTAL EXPENSES $20,618,029

Year-over-Year Comparison

	2023	2022	Change
Revenue	$21,307,113	$21,279,726	+0.0%
Expenses	$20,618,029	$19,616,308	+0.1%
Net Income	$689,084	$1,663,418	-0.6%

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

128

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

$326,408

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JOHN SMITH	CHAIRMAN THRU 1/24	2.00	Officer Director	$0	$0	$0
MIKE BORDERS	VICE CHAIRMAN THRU 1/24, CHAIRMAN	2.00	Officer Director	$0	$0	$0
COREY STAPLES	TREASURER THRU 1/24, VICE CHAIRMAN	2.00	Officer Director	$0	$0	$0
JOYCE RICHARDSON	SECRETARY THRU 1/24, TREASURER	2.00	Officer Director	$0	$0	$0
NORVAL L BOOKS	MEMBER THRU 1/24, SECRETARY	2.00	Officer Director	$0	$0	$0
JENNIFER JACKSON	MEMBER	2.00	Director	$0	$0	$0
CARLA BAZYN	VP/CFO	40.00	Officer	$150,807	$53,762	$204,569
KYLE D KELLUM	PRESIDENT/CEO	40.00	Officer	$103,311	$18,528	$121,839
DARCI SHEA	RN	48.00	Highest	$184,327	$52,707	$237,034
MICHELLE SANTOS	RN	48.00	Highest	$131,560	$23,779	$155,339
SHANE MOLACEK	IT MANAGER	40.00	Highest	$136,898	$16,013	$152,911
MARY HARVEY	CNO	40.00	Highest	$142,169	$6,936	$149,105
JENNIFER SCHAAF	DIR QUALITY/ADMINISTRATIVE SERVICES	40.00	Highest	$141,075	$6,570	$147,645

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	$21,307,113	$20,618,029	$59,894,186	$689,084
2023	$21,279,726	$19,616,308	$56,729,684	$1,663,418
2022	$19,574,887	$17,715,792	$55,083,378	$1,859,095
2021	$23,743,381	$18,000,644	$58,643,276	$5,742,737
2020	$19,083,363	$16,713,783	$54,769,453	$2,369,580
2019	$18,511,802	$16,488,109	$48,357,831	$2,023,693
2018	$17,408,567	$15,665,243	$44,586,154	$1,743,324

JENNIE MELHAM MEMORIAL MEDICAL CENTER INC