PHELPS MEMORIAL HEALTH CENTER (EIN 470481628) - 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

1963

Legal Domicile

Principal Officer

MARK HARREL

Phone

3089952211

Tax Period

2024-01-01 to 2024-12-31

PHELPS MEMORIAL HEALTH CENTER, founded in 1963, is a major nonprofit in the Health Care sector that reported $116.9M in total revenue in fiscal year 2024. Revenue surged 36% from the prior year, signaling strong growth momentum. The organization ran a surplus of $23.6M, a strong 20% operating margin.

Mission

PROGRESSIVE FAMILY-CENTERED HEALTH CARE PROVIDING EXCEPTIONAL QUALITY AND COMPASSIONATE CARE.

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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 (2024)

Revenue Breakdown

Contributions & Grants $87,516

Program Service Revenue $99,292,207

Investment Income $16,259,228

Other Revenue $1,252,008

TOTAL REVENUE $116,890,959

Expense Breakdown

Grants Paid $67,000

Salaries & Benefits $37,581,505

Fundraising Expenses $0

Program Expenses $81,481,234

Other Expenses $55,631,852

TOTAL EXPENSES $93,280,357

Year-over-Year Comparison

	2024	2023	Change
Revenue	$116,890,959	$85,948,028	+0.4%
Expenses	$93,280,357	$83,926,537	+0.1%
Net Income	$23,610,602	$2,021,491	+10.7%

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

387

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

$1,180,083

Total Directors

$31,875

Key Employees

$1,342,006

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JEFF BERNEY MD	CHIEF OF STAFF	2.00	Director	$16,560	$0	$16,560
WILLIAM SANDY MD	CHIEF MEDICAL OFFICER	2.00	Director	$15,315	$0	$15,315
MIKE PELSTER	PRESIDENT	2.00	Officer Director	$0	$0	$0
KYLE ANDERSON	VICE PRESIDENT	2.00	Officer Director	$0	$0	$0
LINDA HEIDEN	SECRETARY	2.00	Officer Director	$0	$0	$0
STEVE KNESS	TREASURER	2.00	Officer Director	$0	$0	$0
MARK KRAUS	MEMBER	2.00	Director	$0	$0	$0
STEPHANIE DANNEHL	MEMBER	2.00	Director	$0	$0	$0
HEATHER MCQUILLAN	MEMBER	2.00	Director	$0	$0	$0
DOUG HOHMAN	MEMBER	2.00	Director	$0	$0	$0
DON KRAUS	MEMBER	2.00	Director	$0	$0	$0
LANCE THORELL	MEMBER	2.00	Director	$0	$0	$0
WAYNE QUINCY	MEMBER (THRU 04/24)	2.00	Director	$0	$0	$0
MARK HARREL	CEO	40.00	Officer	$616,528	$62,598	$679,126
LOREN D SCHRODER	CFO	40.00	Officer	$438,318	$62,639	$500,957
TYLER FRIES	DIRECTOR OF PHARMACY	40.00	Key Emp	$193,153	$53,854	$247,007
LACIE WESTCOTT	CHIEF EXPERIENCE OFFICER	40.00	Key Emp	$193,491	$50,879	$244,370
TESHA BROADFOOT	CNO	40.00	Key Emp	$178,829	$46,722	$225,551
RACHEL DALLMANN	SVP OF CLINICAL OPERATIONS	40.00	Key Emp	$160,697	$58,775	$219,472
TRACIE ELLIOTT	DIRECTOR OF IMAGING	40.00	Key Emp	$155,582	$54,289	$209,871
TAMMY NELSON	DIRECTOR OF SURGICAL SERVICES	40.00	Key Emp	$150,305	$45,430	$195,735
RUBEN CHAVEZ	CRNA	40.00	Highest	$290,195	$76,463	$366,658
JAMIE ROOKS	CRNA	40.00	Highest	$289,623	$76,614	$366,237
SARA MCQUISTAN	CRNA	40.00	Highest	$292,380	$52,714	$345,094
RYAN LIESKE	PHYSICIAN ASSISTANT	36.00	Highest	$200,171	$58,615	$258,786
TIFFANY WEEDER	APRN	36.00	Highest	$184,410	$61,256	$245,666

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	$116,890,959	$93,280,357	$191,694,775	$23,610,602
2023	$85,948,028	$83,926,537	$173,624,057	$2,021,491
2022	$74,881,466	$67,925,619	$157,386,632	$6,955,847
2021	$73,722,403	$58,310,076	$173,907,477	$15,412,327
2020	$64,041,410	$52,466,541	$156,794,421	$11,574,869
2019	$61,521,419	$52,781,586	$118,740,741	$8,739,833
2018	$56,029,665	$51,710,539	$101,517,446	$4,319,126

PHELPS MEMORIAL HEALTH CENTER