SALEM HOSPITAL INC (EIN 480608913) - 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

1953

Legal Domicile

Principal Officer

PETER MUNGAI

Phone

6209471450

Tax Period

2023-10-01 to 2024-09-30

SALEM HOSPITAL INC, founded in 1953, is a community nonprofit in the Health Care sector that reported $5.2M in total revenue in fiscal year 2023. Revenue grew 16% year-over-year, indicating healthy expansion. Expenses of $4.7M left a modest 10% surplus.

Mission

SALEM HOME WILL MASTER PERSON-CENTERED CARE TO BENEFIT RESIDENTS, FAMILIES, STAFF, AND 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 (2023)

Revenue Breakdown

Contributions & Grants $2,097

Program Service Revenue $5,089,640

Investment Income $13,569

Other Revenue $103,592

TOTAL REVENUE $5,208,898

Expense Breakdown

Grants Paid $0

Salaries & Benefits $2,628,574

Fundraising Expenses $0

Program Expenses $4,044,630

Other Expenses $2,036,662

TOTAL EXPENSES $4,665,236

Year-over-Year Comparison

	2023	2022	Change
Revenue	$5,208,898	$4,474,110	+0.2%
Expenses	$4,665,236	$4,174,866	+0.1%
Net Income	$543,662	$299,244	+0.8%

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

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

$171,083

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JARED JOST	BOARD CHAIRMAN	1.00	Officer Director	$0	$0	$0
LAURA ENSEY	SECRETARY/DIRECTOR	1.00	Officer Director	$0	$0	$0
TOM KOSLOWSKY	DIRECTOR	1.00	Director	$0	$0	$0
EILEEN UNRUH	DIRECTOR	1.00	Director	$0	$0	$0
HANK WIEBE	DIRECTOR	1.00	Director	$0	$0	$0
DELAYNE HERBEL	DIRECTOR	1.00	Director	$0	$0	$0
MARY LANCASTER	DIRECTOR	1.00	Director	$0	$0	$0
PETER MUNGAI	CEO/ADMINISTRATOR	40.00	Officer	$98,498	$1,936	$100,434
HEATHER CROCKER	DIRECTOR OF FINANCE	40.00	Officer	$66,231	$4,418	$70,649

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	$5,208,898	$4,665,236	$2,890,498	$543,662
2023	$4,474,110	$4,174,866	$2,302,435	$299,244
2022	$4,059,435	$3,934,186	$2,078,444	$125,249
2021	$4,161,362	$3,638,493	$2,100,126	$522,869
2020	$3,495,608	$3,115,131	$1,593,534	$380,477
2019	$3,087,359	$3,069,466	$833,102	$17,893
2018	$2,762,490	$2,696,364	$856,670	$66,126

SALEM HOSPITAL INC