Hays Medical Center Inc (EIN 480559088) - 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

1944

Legal Domicile

Principal Officer

Edward Herrman

Phone

7856235000

Tax Period

2022-07-01 to 2023-06-30

Hays Medical Center Inc, founded in 1944, is a major nonprofit in the Health Care sector that reported $231.6M in total revenue in fiscal year 2022.

Mission

Hays Medical Center is a tax-exempt charitable organization under Section 501(c)(3) of the Internal Revenue Code and is licensed by the State of Kansas Department of Health and Environment. The purpose of the Organization is to provide healthcare facilities and services for the care and treatment of inpatients and outpatients who are acutely ill or who otherwise require medical care and related services. The core purpose of the Organization is to help people be healthy. The Organization is striving to become the best tertiary care center in rural America.

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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 (2022)

Revenue Breakdown

Contributions & Grants $1,013,060

Program Service Revenue $224,265,221

Investment Income $5,216,705

Other Revenue $1,101,925

TOTAL REVENUE $231,596,911

Expense Breakdown

Grants Paid $20,681

Salaries & Benefits $117,498,640

Fundraising Expenses $219,344

Program Expenses $219,569,144

Other Expenses $124,270,499

TOTAL EXPENSES $241,789,820

Year-over-Year Comparison

	2022	2021	Change
Revenue	$231,596,911	$238,749,131	0.0%
Expenses	$241,789,820	$235,350,690	+0.0%
Net Income	$-10,192,909	$3,398,441	-4.0%

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

1780

Volunteers

137

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

$1,094,852

Total Directors

$2,110,653

Key Employees

$1,011,035

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Brian Lang	Chair	0.50	Officer Director	$0	$0	$0
Alan Moore	Vice-Chair thru. Dec. 2022	0.50	Officer Director	$0	$0	$0
Kenneth Beran	Treasurer	0.50	Officer Director	$0	$0	$0
Jayne Clarke	Secretary thru. Dec. 2022	0.50	Officer Director	$0	$0	$0
Daniel Schippers	Board Member	0.50	Director	$0	$0	$0
Wayne Kieffer	Board Member	0.50	Director	$0	$0	$0
Mary Martin	Board Member	0.50	Director	$0	$0	$0
Roger Dietz MD	Physician/Board Member thru Dec. 2022	40.00	Director	$318,962	$45,729	$364,691
Jana Horsfall	Vice-Chair begin. Jan. 2023	0.50	Officer Director	$0	$0	$0
DG Bickle	Secretary begin. Jan. 2023	0.50	Officer Director	$0	$0	$0
Ernesto Lopez-Corona MD	Physician/Board Member	40.00	Director	$602,025	$54,888	$656,913
Edward Herrman	President & CEO	36.00	Officer Director	$586,768	$141,118	$727,886
Melissa Romme	Board Member begin. Jan. 2023	0.50	Director	$0	$0	$0
Kayla Gray MD	Board Member begin. Jan. 2023	40.00	Director	$339,589	$21,574	$361,163
George Harms	Chief Financial Officer thru. Aug 2022	36.00	Officer	$248,555	$71,587	$320,142
Michelle Beckner	Chief Financial Officer begin. Nov 2022	36.00	Officer	$41,108	$5,716	$46,824
Terry Siek	Chief Nursing Officer	36.00	Key Emp	$234,484	$58,979	$293,463
Shae Veach	VP Regional Development	36.00	Key Emp	$253,558	$83,537	$337,095
Joannah Applequist	Chief Legal Officer	36.00	Key Emp	$311,181	$69,296	$380,477
Manmohan Biring	Physician	40.00	Highest	$1,701,198	$53,122	$1,754,320
Max Decarvalho	Physician	40.00	Highest	$1,203,376	$46,183	$1,249,559
Gulraiz Cheema	Physician	40.00	Highest	$1,085,979	$45,236	$1,131,215
Douglas Tangel	Physician	40.00	Highest	$748,079	$42,817	$790,896
Oluwaseun Akinbo	Physician	40.00	Highest	$697,774	$35,493	$733,267
Bryce Young	Former COO (key employee)	0.00		$1,358,171	$0	$1,358,171

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
2025	No data	No data	No data	No data
2024	No data	No data	No data	No data
2023	$231,596,911	$241,789,820	$258,450,921	$-10,192,909
2022	$238,749,131	$235,350,690	$266,498,873	$3,398,441

Hays Medical Center Inc