OLATHE MEDICAL CENTER 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

1948

Legal Domicile

Principal Officer

JASON HANNAGAN

Phone

9133553095

Tax Period

2022-01-01 to 2022-12-31

OLATHE MEDICAL CENTER INC, founded in 1948, is a major nonprofit in the Health Care sector that reported $321.3M in total revenue in fiscal year 2022. Revenue decreased 7% compared to the prior year. Expenses of $302.2M left a modest 6% surplus.

Mission

TO HELP PEOPLE THROUGH HEALING, HEALTH AND HAPPINESS.

Program Service Accomplishments

Program 1

Expenses: $271,493,930 Revenue: $287,115,393

OLATHE MEDICAL CENTER, INC. (OMCI) OPERATES AN ACUTE CARE HOSPITAL IN OLATHE, KANSAS, WHICH WAS FOUNDED IN 1948 BY THE COMMUNITY. OMCI CARRIES OUT THEIR MISSION BY PROVIDING QUALITY AND COMPASSIONATE INPATIENT, OUTPATIENT, EMERGENCY CARE, HOSPICE AND HOME HEALTH SERVICES TO RESIDENTS IN JOHNSON COUNTY AND MIAMI COUNTY, KANSAS AND SURROUNDING AREAS. OLATHE MEDICAL CENTER IS A JOINT COMMISSION ACCREDITED HOSPITAL AND IS LICENSED FOR 300 INPATIENT BEDS. PROGRAM SERVICE EXPENSES ARE ALL REALTED TO THE PROVISION OF HEALTHCARE SERVICES. IN 2022, OLATHE MEDICAL CENTER PROVIDED 37,576 DAYS OF INPATIENT CARE, 663,273 OUTPATIENT PROCEDURES, 35,797 EMERGENCY PATIENTS, 2,105 DAYS OF HOSPICE HOUSE SERVICE 9,416 HOSPICE VISITS AND 25,778 HOME HEALTH VISITS TO THE COMMUNITY.

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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 $656,222

Program Service Revenue $286,812,692

Investment Income $31,784,751

Other Revenue $2,063,172

TOTAL REVENUE $321,316,837

Expense Breakdown

Grants Paid $1,652,756

Salaries & Benefits $106,081,391

Fundraising Expenses $0

Program Expenses $271,493,930

Other Expenses $194,418,126

TOTAL EXPENSES $302,152,273

Year-over-Year Comparison

	2022	2021	Change
Revenue	$321,316,837	$344,126,032	-0.1%
Expenses	$302,152,273	$279,393,779	+0.1%
Net Income	$19,164,564	$64,732,253	-0.7%

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

2059

Volunteers

250

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

$6,856,782

Total Directors

Key Employees

$1,138,337

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
STANLEY HOLM	PRESIDENT/CEO	10.0	Officer	$0	$258,684	$1,658,349
JASON HANNAGAN	SECRETARY/CHIEF LEGAL OFFICER	10.0	Officer	$0	$154,717	$1,362,347
KRYSTAL CLAYMORE	TREASURER/CFO	10.0	Officer	$0	$138,799	$1,290,122
JEFF DOSSETT	CHIEF OPERATING OFFICER	10.0	Officer	$0	$109,565	$1,037,492
CHRISTINE COURTNEY	CHIEF NURSING OFFICER	25.0	Officer	$0	$95,702	$912,015
ELIZABETH LONG	CHIEF MEDICAL OFFICER	5.0	Officer	$0	$25,188	$596,457
PHILIP SCHNEIDER	PHARMACY DIRECTOR	45.0	Highest	$317,262	$30,092	$347,354
KATIE ALDIS	SR DIRECTOR OF DIAGNOSTIC SERV	50.0	Highest	$300,062	$32,036	$332,098
ANNETTE OSBERN	SR DIRECTOR NURSING OPERATIONS	50.0	Key Emp	$263,683	$31,940	$295,623
STEVEN BLACK	DIRECTOR OF ONCOLOGY SERVICES	50.0	Key Emp	$276,897	$17,966	$294,863
AUBREE SLAYMAN	SR DIRECTOR NURSING OPERATIONS	45.0	Key Emp	$264,076	$29,321	$293,397
BARBARA SHIELDS	SR DIRECTOR PATIENT ACCESS	45.0	Highest	$257,736	$28,166	$285,902
SHAWN TURNER	SR DIRECTOR BIOMED ENGINEERING	50.0	Highest	$239,226	$27,407	$266,633
DOUGLAS HEAD	DIRECTOR OF SECURITY	30.0	Highest	$242,293	$18,494	$260,787
CAROL POWELL	CLIN DIR OF CARDIO SVC LINE	45.0	Key Emp	$234,791	$19,663	$254,454
J MACK BOWEN	DIRECTOR	2.0	Director	$0	$0	$0
VINCENT DONOFRIO	DIRECTOR	2.0	Director	$0	$0	$0
SHANNON WICKLIFFE	DIRECTOR	2.0	Director	$0	$0	$0
BRIAN A METZ MD	DIRECTOR	2.0	Director	$0	$0	$0
R ERIC HUGHES	DIRECTOR	2.0	Director	$0	$0	$0
MICHAEL K KNOP	DIRECTOR/VICE CHAIRPERSON	4.0	Officer Director	$0	$0	$0
THOMAS N THORNTON	DIRECTOR	2.0	Director	$0	$0	$0
RICHARD K SUMMERS	DIRECTOR/CHAIRPERSON	4.0	Officer Director	$0	$0	$0
ERIN DUGAN	DIRECTOR	2.0	Director	$0	$0	$0
DR BRENT YEAGER	DIRECTOR	2.0	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
2022	$321,316,837	$302,152,273	$646,311,638	$19,164,564
2021	$344,126,032	$279,393,779	$747,492,326	$64,732,253
2020	$324,164,785	$271,216,920	$728,036,291	$52,947,865
2019	$306,601,346	$267,799,074	$704,405,399	$38,802,272
2018	$317,775,254	$252,132,147	$617,493,051	$65,643,107