Labette County Medical Center (EIN 486099245) - 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

1961

Legal Domicile

Principal Officer

Janet Soper

Phone

6204214880

Tax Period

2023-01-01 to 2023-12-31

Labette County Medical Center, founded in 1961, is a mid-sized nonprofit in the Health Care sector that reported $97.3M in total revenue in fiscal year 2023.

Mission

Medical care for the southeast Kansas region

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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 $1,547,138

Program Service Revenue $93,730,851

Investment Income $814,111

Other Revenue $1,205,453

TOTAL REVENUE $97,297,553

Expense Breakdown

Grants Paid $1,067,518

Salaries & Benefits $52,371,745

Fundraising Expenses $94,619

Program Expenses $87,722,239

Other Expenses $46,100,605

TOTAL EXPENSES $99,539,868

Year-over-Year Comparison

	2023	2022	Change
Revenue	$97,297,553	$94,440,840	+0.0%
Expenses	$99,539,868	$96,853,635	+0.0%
Net Income	$-2,242,315	$-2,412,795	-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

1040

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

$1,002,122

Total Directors

$19,825

Key Employees

$399,308

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Perry Sorrell	President	1.00	Officer Director	$0	$0	$0
Dee Bohnenblust	Vice President	1.00	Officer Director	$0	$0	$0
Melissa Morris	Treasurer	1.00	Officer Director	$0	$0	$0
Marna George	Secretary	1.00	Officer Director	$0	$0	$0
Wayne Gilmore OD	Trustee	1.00	Director	$0	$0	$0
Jill Thomas	Trustee	1.00	Director	$0	$0	$0
Ned Wall	Trustee	1.00	Director	$0	$0	$0
Manish Dixit MD	Trustee	1.00	Director	$19,825	$0	$19,825
Robert Gibbs MD	Trustee	1.00	Director	$0	$0	$0
Thomas Macaronas	CFO/COO through Sept. 2023	40.00	Officer	$152,577	$46,408	$198,985
Brian Williams	President/CEO	40.00	Officer	$573,564	$81,506	$655,070
Janet Soper	CFO beginning Oct. 2023	40.00	Officer	$119,060	$29,007	$148,067
Douglas Stacy	CIO/VP LH Medical Group	40.00	Key Emp	$164,093	$34,160	$198,253
Kathi McKinney	CNO	40.00	Key Emp	$163,771	$37,284	$201,055
Scott Coates	Physician	40.00	Highest	$487,811	$26,380	$514,191
Philip Gorman	Physician	40.00	Highest	$440,140	$51,380	$491,520
Marc Hoffmeister	Physician	40.00	Highest	$553,938	$32,248	$586,186
Logan Wineland	Physician	40.00	Highest	$746,505	$26,380	$772,885
Eric Hunn	Physician	40.00	Highest	$699,256	$26,380	$725,636

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	$97,297,553	$99,539,868	$120,258,973	$-2,242,315
2022	$94,440,840	$96,853,635	$123,945,132	$-2,412,795
2021	$101,559,622	$89,207,546	$105,070,673	$12,352,076
2020	$87,571,860	$83,964,623	$97,513,065	$3,607,237
2019	$81,862,356	$79,006,711	$75,085,223	$2,855,645
2018	$78,282,901	$73,382,126	$70,937,596	$4,900,775

Labette County Medical Center