RUSSELLVILLE HOSPITAL INC

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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

2014

Legal Domicile

Principal Officer

CHRIS WARE

Phone

2563321611

Tax Period

2023-01-01 to 2023-12-31

RUSSELLVILLE HOSPITAL INC, founded in 2014, is a mid-sized nonprofit in the Health Care sector that reported $53.7M in total revenue in fiscal year 2023. Revenue surged 61% from the prior year, signaling strong growth momentum.

Mission

OUR MISSION IS MAKING COMMUNITIES HEALTHIER.

Program Service Accomplishments

Program 1

Expenses: $45,225,961 Revenue: $53,331,104

SEEKS TO IMPROVE THE DELIVERY OF HEALTHCARE SERVICES IN RURAL AMERICA BY GIVING LOCAL HEALTHCARE ORGANIZATIONS AN ALTERNATIVE TO FOR-PROFIT HOSPITAL COMPANIES OR HEALTH SYSTEMS. SEEKS TO MAKE THE...

SEEKS TO IMPROVE THE DELIVERY OF HEALTHCARE SERVICES IN RURAL AMERICA BY GIVING LOCAL HEALTHCARE ORGANIZATIONS AN ALTERNATIVE TO FOR-PROFIT HOSPITAL COMPANIES OR HEALTH SYSTEMS. SEEKS TO MAKE THE COMMUNITY HEALTHIER.

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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 $413,551

Program Service Revenue $53,235,490

Investment Income $0

Other Revenue $95,614

TOTAL REVENUE $53,744,655

Expense Breakdown

Grants Paid $6,600

Salaries & Benefits $14,580,855

Fundraising Expenses $0

Program Expenses $45,225,961

Other Expenses $40,485,826

TOTAL EXPENSES $55,073,281

Year-over-Year Comparison

	2023	2022	Change
Revenue	$53,744,655	$33,313,321	+0.6%
Expenses	$55,073,281	$33,538,334	+0.6%
Net Income	$-1,328,626	$-225,013	+4.9%

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

346

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

$579,644

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KEITH MORROW	CHIEF OF STAFF	1.00	Director	$0	$0	$0
LLOYD DYAS	BOARD MEMBER	1.00	Director	$0	$0	$0
JEFFREY MANORD	BOARD MEMBER	1.00	Director	$0	$0	$0
JERRY GROCE	BOARD MEMBER	1.00	Director	$0	$0	$0
MIRANDA DECKER	BOARD MEMBER	1.00	Director	$0	$0	$0
MARILYN MAYFIELD	BOARD MEMBER	1.00	Director	$0	$0	$0
ROGER BEDFORD	BOARD MEMBER (THRU OCT 2023)	1.00	Director	$0	$0	$0
STEPHEN PROCTOR	CEO/BOARD SECRETARY (THRU DEC 2023)	40.00	Officer	$289,785	$4,242	$294,027
SHANNON HUGHES	CFO	40.00	Officer	$279,912	$5,705	$285,617
JOHN ALMIROL	PHYSICIAN	40.00	Highest	$408,995	$6,710	$415,705
KARI FRETWELL	DIRECTOR OF CLINIC BUSINESS OFFICE	40.00	Highest	$174,032	$15,194	$189,226
RUSSELL BURKS	PHYSICAL THERAPIST	40.00	Highest	$138,894	$12,318	$151,212
CHRISTOPHER RANKIN	PHYSICIAN	40.00	Highest	$384,208	$30,316	$414,524
JANE HOWARD	RN	40.00	Highest	$127,390	$0	$127,390

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	$53,744,655	$55,073,281	$19,333,386	$-1,328,626
2022	$33,313,321	$33,538,334	$12,891,914	$-225,013
2021	$28,273,288	$30,755,174	$8,676,712	$-2,481,886
2020	$26,432,970	$26,540,914	$10,029,714	$-107,944