MARY LANNING HOSPITAL TRUST (EIN 476000224) - 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

1935

Legal Domicile

Principal Officer

MIKE ALLEN

Phone

4024628210

Tax Period

2024-01-01 to 2024-12-31

MARY LANNING HOSPITAL TRUST, founded in 1935, is a community nonprofit that reported $3.0M in total revenue in fiscal year 2024. Revenue fell 67% from the prior year — a significant decline worth monitoring. Expenses of $3.7M exceeded revenue, resulting in a 22% operating deficit.

Mission

PRIMARILY TO PROVIDE SUPPORT FOR A TAX-EXEMPT ORGANIZATION, MARY LANNING HEALTHCARE AND AN ORGANIZATION, WHICH IS CONTROLLED BY MARY LANNING HEALTHCARE.

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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 $0

Program Service Revenue $0

Investment Income $800,046

Other Revenue $2,195,495

TOTAL REVENUE $2,995,541

Expense Breakdown

Grants Paid $3,250,200

Salaries & Benefits $348,915

Fundraising Expenses $0

Program Expenses $3,250,200

Other Expenses $52,027

TOTAL EXPENSES $3,651,142

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,995,541	$8,990,857	-0.7%
Expenses	$3,651,142	$7,395,245	-0.5%
Net Income	$-655,601	$1,595,612	-1.4%

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

Volunteers

N/A

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

$169,812

Total Directors

$169,812

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DAVID FISHER	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
JEFF ANDERSON	DIRECTOR	1.00	Director	$0	$0	$0
MIKE ALLEN	SEC/TREAS	40.00	Officer Director	$156,122	$13,690	$169,812
CLARENCE M ANDERSON JR	PRESIDENT	1.00	Officer Director	$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	$2,995,541	$3,651,142	$17,780,975	$-655,601
2023	$8,990,857	$7,395,245	$18,436,576	$1,595,612
2022	$3,254,714	$2,872,986	$16,831,864	$381,728
2021	$3,410,773	$1,342,112	$16,433,857	$2,068,661
2020	$1,569,302	$613,379	$14,346,996	$955,923
2019	$1,916,830	$1,315,070	$13,369,926	$601,760
2018	$1,791,850	$996,296	$12,734,156	$795,554

MARY LANNING HOSPITAL TRUST