Salina Regional Health Properties Inc (EIN 481154675) - 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

1994

Legal Domicile

Principal Officer

Joel Phelps

Phone

7854527145

Tax Period

2023-10-01 to 2024-09-30

Salina Regional Health Properties Inc, founded in 1994, is a community nonprofit that reported $1.6M in total revenue in fiscal year 2023. The organization ran a surplus of $265K, a strong 17% operating margin.

Mission

Own and operate medical office buildings for a Section 501(c)(3) organization

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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 $1,523,592

Investment Income $63,068

Other Revenue $0

TOTAL REVENUE $1,586,660

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $1,321,254

TOTAL EXPENSES $1,321,254

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,586,660	$1,590,653	0.0%
Expenses	$1,321,254	$1,255,080	+0.1%
Net Income	$265,406	$335,573	-0.2%

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

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

$1,377,556

Total Directors

$1,502,947

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Joe Tallon	Vice President; CFO - SRHC	1.50	Officer Director	$0	$53,349	$481,423
Joel Phelps	Treasurer; CEO - SRHC	1.50	Officer Director	$0	$59,688	$896,133
Mark Ritter	Board President	1.50	Officer Director	$0	$0	$0
John Nelson	Director of Facilities - SRHC	0.50	Director	$0	$14,333	$125,391
Phil Gilliland	Board Treasurer	0.50	Officer Director	$0	$0	$0
Julie Beswick	Board Secretary	0.50	Officer Director	$0	$0	$0
Robert Freelove	Former Secretary; CMO - SRHC	0.00		$0	$41,788	$574,366
Keir Swisher	Former Secretary; Physician	0.00		$0	$38,060	$394,755

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	$1,586,660	$1,321,254	$5,712,787	$265,406
2023	$1,590,653	$1,255,080	$5,786,825	$335,573
2022	$1,742,599	$1,448,301	$6,209,804	$294,298
2021	$1,708,102	$1,341,646	$5,800,029	$366,456
2020	$1,763,190	$1,408,062	$5,955,305	$355,128
2019	$1,802,599	$1,408,631	$6,013,943	$393,968
2018	$1,780,080	$1,449,818	$5,741,050	$330,262

Salina Regional Health Properties Inc