William Newton Memorial Hospital (EIN 486005089) - 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

1927

Legal Domicile

Principal Officer

Brian Barta

Phone

6202212300

Tax Period

2023-01-01 to 2023-12-31

William Newton Memorial Hospital, founded in 1927, is a mid-sized nonprofit in the Health Care sector that reported $45.7M in total revenue in fiscal year 2023. Expenses of $51.0M exceeded revenue, resulting in a 11% operating deficit.

Mission

Provide healthcare services to local area residents

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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 $891,090

Program Service Revenue $44,538,156

Investment Income $60,545

Other Revenue $259,223

TOTAL REVENUE $45,749,014

Expense Breakdown

Grants Paid $0

Salaries & Benefits $28,061,742

Fundraising Expenses $120,966

Program Expenses $43,532,144

Other Expenses $22,890,188

TOTAL EXPENSES $50,951,930

Year-over-Year Comparison

	2023	2022	Change
Revenue	$45,749,014	$45,893,493	0.0%
Expenses	$50,951,930	$50,770,433	+0.0%
Net Income	$-5,202,916	$-4,876,940	+0.1%

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

436

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

$350,778

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Joan Cales	Chairperson	1.00	Officer Director	$0	$0	$0
Gail Sawyer	Vice Chairperson	1.00	Officer Director	$0	$0	$0
Diane Lawrence	Trustee	1.00	Director	$0	$0	$0
Steve McSpadden	Trustee	1.00	Director	$0	$0	$0
Gary Brewer	Trustee	1.00	Director	$0	$0	$0
Brian Barta	CEO	40.00	Officer	$167,392	$35,925	$203,317
Kara Goff	CFO	40.00	Officer	$109,880	$37,581	$147,461
K Daniel Miller	Physician	39.00	Highest	$444,675	$48,952	$493,627
Christopher Morrissey	Physician	40.00	Highest	$387,514	$49,696	$437,210
Rodrick Heger	Physician	40.00	Highest	$365,718	$53,085	$418,803
Daniel Hein	Physician	40.00	Highest	$294,738	$50,576	$345,314
Thomas Lyman	Podiatrist	40.00	Highest	$275,819	$46,180	$321,999

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	$45,749,014	$50,951,930	$34,001,502	$-5,202,916
2022	$45,893,493	$50,770,433	$35,264,952	$-4,876,940
2021	$50,070,787	$47,080,774	$42,714,189	$2,990,013
2020	$45,913,497	$46,956,415	$46,483,960	$-1,042,918
2019	$41,481,346	$41,968,204	$39,117,540	$-486,858
2018	$39,001,395	$38,049,168	$29,742,098	$952,227

William Newton Memorial Hospital