HAYS MEDICAL CENTER INC HEALTH CARE BENEFITS TRUST (EIN 480972107) - 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

1984

Legal Domicile

Principal Officer

EDWARD HERRMAN

Phone

7856235000

Tax Period

2023-01-01 to 2023-12-31

HAYS MEDICAL CENTER INC HEALTH CARE BENEFITS TRUST, founded in 1984, is a mid-sized nonprofit that reported $12.4M in total revenue in fiscal year 2023. Revenue grew 12% year-over-year, indicating healthy expansion.

Mission

VOLUNTARY EMPLOYEES' BENEFICIARY ASSOCIATION TO PROVIDE HEALTH CARE BENEFITS

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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 $12,436,584

Investment Income $1,991

Other Revenue $0

TOTAL REVENUE $12,438,575

Expense Breakdown

Grants Paid $0

Salaries & Benefits $4,860

Fundraising Expenses $0

Other Expenses $14,389

TOTAL EXPENSES $12,437,267

Year-over-Year Comparison

	2023	2022	Change
Revenue	$12,438,575	$11,075,224	+0.1%
Expenses	$12,437,267	$11,075,142	+0.1%
Net Income	$1,308	$82	+15.0%

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

N/A

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

$978,849

Total Directors

$2,030,906

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
EDWARD HERRMAN	HMC CEO	1.00	Officer Director	$0	$165,422	$978,849
ERNESTO LOPEZ	HMC DIRECTOR	0.00	Director	$0	$53,641	$655,304
MICHELLE BECKNER	HMC CFO	0.00		$0	$94,964	$489,192
JOANNAH APPLEQUIST	HMC CCO	0.00		$0	$71,333	$440,756
KAYLA GRAY	HMC DIRECTOR	0.00	Director	$0	$19,773	$396,753
EMPRISE BANK	Trustee	5.00		$4,860	$0	$4,860
WAYNE KIEFFER	HMC DIRECTOR	0.00	Director	$0	$0	$0
JANA HORSFALL	Chairman	0.00	Director	$0	$0	$0
MELISSA ROMME	VICE CHAIRMAN	0.00	Director	$0	$0	$0
DG BICKLE	Secretary	0.00	Director	$0	$0	$0
DANIEL SCHIPPERS	Treasurer	0.00	Director	$0	$0	$0
ALAN MOORE	HMC DIRECTOR	0.00	Director	$0	$0	$0
CHRIS WENTE	HMC DIRECTOR	0.00	Director	$0	$0	$0
MARY MARTIN	HMC DIRECTOR	0.00	Director	$0	$0	$0
BRIAN LANG	HMC DIRECTOR	0.00	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	No data	No data	No data	No data
2023	$12,438,575	$12,437,267	$1,382,761	$1,308
2022	$11,075,224	$11,075,142	$1,081,185	$82
2021	$290,703	$290,703	$172,214	No data
2020	$12,497,300	$12,502,428	$2,690,037	$-5,128
2019	$13,343,228	$13,345,422	$2,847,521	$-2,194
2018	$11,887,301	$11,885,571	$2,641,376	$1,730

HAYS MEDICAL CENTER INC HEALTH CARE BENEFITS TRUST