MERITUS MEDICAL CENTER INC (EIN 520607949) - 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

1904

Legal Domicile

Principal Officer

MAULIK JOSHI DRPH

Phone

3077908872

Tax Period

2023-07-01 to 2024-06-30

MERITUS MEDICAL CENTER INC, founded in 1904, is a major nonprofit in the Health Care sector that reported $633.6M in total revenue in fiscal year 2023. Revenue grew 12% year-over-year, indicating healthy expansion. Expenses of $591.2M left a modest 7% surplus.

Mission

THE MISSION OF MERITUS MEDICAL CENTER, INC. (MMC) IS TO IMPROVE THE HEALTH OF OUR 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 $10,516,540

Program Service Revenue $592,233,255

Investment Income $12,888,489

Other Revenue $17,951,193

TOTAL REVENUE $633,589,477

Expense Breakdown

Grants Paid $10,156

Salaries & Benefits $299,156,629

Fundraising Expenses $0

Program Expenses $496,686,908

Other Expenses $292,040,758

TOTAL EXPENSES $591,207,543

Year-over-Year Comparison

	2023	2022	Change
Revenue	$633,589,477	$563,370,299	+0.1%
Expenses	$591,207,543	$523,726,941	+0.1%
Net Income	$42,381,934	$39,643,358	+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

4129

Volunteers

209

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

$3,550,649

Total Directors

$2,382,678

Key Employees

$1,813,212

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ROBERT GOETZ JR	CHAIRMAN	5.00	Officer Director	$0	$0	$0
KENT REYNOLDS	VICE CHAIR	3.00	Officer Director	$0	$0	$0
TOM AMALFITANO MD	DIRECTOR (THRU 9/2023)	20.00	Director	$25,000	$0	$25,000
ERIN HERSHEY	DIRECTOR	3.00	Director	$0	$0	$0
SHAHEEN IQBAL MD	DIRECTOR	20.00	Director	$21,242	$0	$21,242
BARBARA JACOBS RN	DIRECTOR	3.00	Director	$0	$0	$0
MAULIK JOSHI DR PH	PRESIDENT & CEO	50.00	Officer Director	$1,235,915	$1,066,354	$2,302,269
JAMES KERCHEVAL	DIRECTOR	3.00	Director	$0	$0	$0
AL MARTIN	DIRECTOR	3.00	Director	$0	$0	$0
JAMES STOJAK	DIRECTOR	3.00	Director	$0	$0	$0
WILLIAM SU MD	DIRECTOR	3.00	Director	$0	$0	$0
SCOTT WORRELL MD	DIRECTOR	3.00	Director	$0	$0	$0
KALIM AHMED MD	DIRECTOR (AS OF 10/2023)	20.00	Director	$34,167	$0	$34,167
JOSHUA REPAC	CFO/TREASURER	50.00	Officer	$445,608	$421,222	$866,830
LYNN HAINES	VP, LEGAL SERVICES/SECRETARY	50.00	Officer	$314,984	$66,566	$381,550
CARRIE ADAMS	CHIEF OPERATING OFFICER	50.00	Key Emp	$487,972	$371,921	$859,893
DAVID LEHR	CHIEF STRATEGY OFFICER	50.00	Key Emp	$480,723	$472,596	$953,319
VICTORIA GIFFI MD	PHYSICIAN	50.00	Highest	$831,366	$27,035	$858,401
GENTIAN TOSHKEZI MD	PHYSICIAN	50.00	Highest	$641,489	$15,099	$656,588
KIRANPREET KHOSA MD	PHYSICIAN	50.00	Highest	$838,318	$11,960	$850,278
IJEOMA IFEANYI-NWANZE MD	PHYSICIAN	50.00	Highest	$580,869	$40,989	$621,858
MAHINUR KHAN MD	PHYSICIAN	50.00	Highest	$850,870	$31,056	$881,926
THOMAS T CHAN	FORMER CFO/TREASURER	50.00		$158,346	$26,574	$184,920

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
2025	No data	No data	No data	No data
2024	$633,589,477	$591,207,543	$911,559,587	$42,381,934
2023	$563,370,299	$523,726,941	$836,085,210	$39,643,358
2022	$532,373,187	$496,167,812	$783,798,667	$36,205,375
2021	$498,108,726	$428,317,007	$801,968,935	$69,791,719
2020	$410,126,603	$409,109,624	$696,768,766	$1,016,979
2019	$404,942,155	$411,779,989	$607,113,019	$-6,837,834
2018	$411,987,777	$395,477,861	$611,483,521	$16,509,916

MERITUS MEDICAL CENTER INC