JMH RESOURCE MANAGEMENT COMPANY 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

ADAM PUTVIN

Phone

3177363300

Tax Period

2023-01-01 to 2023-12-31

JMH RESOURCE MANAGEMENT COMPANY INC, founded in 2014, is a community nonprofit in the Health Care sector that reported $1.0M in total revenue in fiscal year 2023. Revenue grew 17% year-over-year, indicating healthy expansion. The organization ran a surplus of $385K, a strong 38% operating margin.

Mission

TO OPERATE FOR THE EXCLUSIVE BENEFIT OF JOHNSON MEMORIAL HOSPITAL AND THE HEALTH CARE COMMUNITY SERVED BY JOHNSON MEMORIAL HOSPITAL

Program Service Accomplishments

Program 1

Expenses: $437,526

Develop and oversee a physician recruitment program on behalf of Hospital. Provide support of professional office buildings and health organization memberships. Support provided thru ownership in...

Develop and oversee a physician recruitment program on behalf of Hospital. Provide support of professional office buildings and health organization memberships. Support provided thru ownership in Johnson Memorial Health Physician Network LLC. 2023 K-1 share of expenses was 437,270.

Program 2

Expenses: $25,735

Develop an educational program for Hospital board members and leadership staff of Hospital.

Program 3

Expenses: $2,403

Provide support for capital assets of Hospital. In 2023, funds were used to maintain bank line of credit for operating needs. No capital asset assistance was provided in 2023.

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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 $0

Program Service Revenue $0

Investment Income $1,015,194

Other Revenue $0

TOTAL REVENUE $1,015,194

Expense Breakdown

Grants Paid $462,526

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $465,664

Other Expenses $167,244

TOTAL EXPENSES $629,770

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,015,194	$870,874	+0.2%
Expenses	$629,770	$692,520	-0.1%
Net Income	$385,424	$178,354	+1.2%

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

N/A

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

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
R MARTIN UMBARGER	BOARD CHAIR	000.25	Officer Director	$0	$0	$0
JERRY ENGLE	BOARD SECRETARY	000.25	Officer Director	$0	$0	$0
KEVIN MCGINNIS	BOARD MEMBER	000.25	Director	$0	$0	$0
DAVID WIESMAN	BOARD VICE-CHAIR	000.25	Officer Director	$0	$0	$0
SAUNDRA HUDDLESTON	BOARD MEMBER	000.25	Director	$0	$0	$0
STEVE BERKHOUSE	TREASURER in 2023	004.00	Officer	$0	$0	$0
DAVID DUNKLE	EXECUTIVE DIRECTOR	001.00	Officer	$0	$0	$0

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	$1,015,194	$629,770	$40,358,763	$385,424
2022	$870,874	$692,520	$35,653,261	$178,354
2021	$7,397,557	$1,187,591	$41,571,290	$6,209,966
2020	$12,264,406	$1,256,484	$34,328,852	$11,007,922
2019	$740,289	$3,189,402	$21,975,904	$-2,449,113
2018	$10,139,359	$4,636,800	$20,970,149	$5,502,559