CARROLL HOSPITAL CENTER INC (EIN 521452024) - 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

1957

Legal Domicile

Phone

4108716859

Tax Period

2024-07-01 to 2025-06-30

CARROLL HOSPITAL CENTER INC, founded in 1957, is a major nonprofit in the Health Care sector that reported $301.6M in total revenue in fiscal year 2024. Expenses of $280.4M left a modest 7% surplus.

Mission

OUR COMMUNITIES EXPECT AND DESERVE SUPERIOR MEDICAL TREATMENT, COMPASSIONATE CARE, AND EXPERT GUIDANCE IN MAINTAINING THEIR HEALTH AND WELL-BEING. AT CARROLL HOSPITAL CENTER, WE OFFER AN UNCOMPROMISING COMMITMENT TO THE HIGHEST QUALITY HEALTH CARE EXPERIENCE FOR PEOPLE IN ALL STAGES OF LIFE. WE ARE THE HEART OF HEALTH CARE IN OUR COMMUNITIES.

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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 (2024)

Revenue Breakdown

Contributions & Grants $5,393,868

Program Service Revenue $280,895,496

Investment Income $9,431,886

Other Revenue $5,928,524

TOTAL REVENUE $301,649,774

Expense Breakdown

Grants Paid $1,277,968

Salaries & Benefits $147,373,725

Fundraising Expenses $0

Program Expenses $242,589,012

Other Expenses $131,712,648

TOTAL EXPENSES $280,364,341

Year-over-Year Comparison

	2024	2023	Change
Revenue	$301,649,774	$308,927,686	0.0%
Expenses	$280,364,341	$269,909,863	+0.0%
Net Income	$21,285,433	$39,017,823	-0.5%

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

2190

Volunteers

218

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

$4,314,144

Total Directors

$5,076,989

Key Employees

$5,384,864

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DEBORAH SEIDEL	VICE CHAIR	1.0	Officer Director	$0	$0	$0
GARRETT W HOOVER	DIRECTOR/PRESIDENT/COO OF CHC	40.0	Officer Director	$897,030	$68,458	$965,488
SUE CHAMBERS	SECRETARY	1.0	Officer Director	$0	$0	$0
TOM ZIRPOLI	CHAIR	1.0	Officer Director	$0	$0	$0
ALEC YEO	IMMEDIATE PAST CHAIR	1.0	Director	$0	$0	$0
ALEX MYERS	DIRECTOR/FOUNDATION BOARD CHAIR	1.0	Director	$0	$0	$0
CYNTHIA ROLDAN MD	DIRECTOR/PRESIDENT, MEDICAL STAFF	1.0	Director	$0	$0	$0
DAMIAN HALSTAD	DIRECTOR	1.0	Director	$0	$0	$0
DAVID S BOLLINGER	DIRECTOR	1.0	Director	$0	$0	$0
DREWRY WHITE MD	DIRECTOR (THRU 09/28/2024)	1.0	Director	$0	$0	$0
JACK TEVIS	DIRECTOR	1.0	Director	$0	$0	$0
KIRAN KUNA MD	DIRECTOR	1.0	Director	$0	$0	$0
LEE COPLAN	LBH BOARD CHAIR	1.0	Director	$0	$0	$0
MARCUS L PRIMM	DIRECTOR	1.0	Director	$0	$0	$0
NEIL M MELTZER	DIRECTOR/LBH PRESIDENT/CEO	1.0	Director	$0	$50,333	$4,111,501
RICHARD SIEN	DIRECTOR	1.0	Director	$0	$0	$0
TODD HERRING	DIRECTOR	1.0	Director	$0	$0	$0
DAVID H KRAJEWSKI	ASSISTANT TREASURER	1.0	Officer	$0	$47,616	$1,986,680
JASON H WEINER	ASSISTANT SECRETARY	1.0	Officer	$0	$217,432	$1,361,976
EDGAR CASNER	VP SUPPLY CHAIN, LBH	1.0	Key Emp	$0	$49,986	$453,848
JAMES ROBERGE	VP CAPITAL IMPROVEMENT & SUPPORT, LBH	1.0	Key Emp	$0	$80,102	$685,435
LEIGH CHAPMAN	CNO, VP PATIENT CARE SERVICES	40.0	Key Emp	$292,270	$37,026	$329,296
LESLIE R SIMMONS	PRESIDENT CHC/COO LBH	1.0	Key Emp	$0	$125,076	$2,078,988
MARK D OLSZYK	CHIEF MEDICAL OFFICER/VP	40.0	Key Emp	$699,982	$63,814	$763,796
MICHAEL MYERS	CFO CHC	40.0	Key Emp	$494,155	$64,109	$558,264
NANCY KANE	VP FINANCIAL REPORTING,LBH	1.0	Key Emp	$0	$90,386	$515,237
DAVID PERRY	CHIEF RADIATION ONCOLOGY	40.0	Highest	$831,032	$1,248	$832,280
QIWEI GAI MD	PHYSICIAN	40.0	Highest	$881,299	$11,262	$892,561
SAJJAD HAIDER	PHYSICIAN	40.0	Highest	$735,573	$16,290	$751,863
SHARON L MCCLERNAN	VP OF CLINICAL INTEGRATION	40.0	Highest	$321,666	$51,500	$373,166
YAN XU	SR MEDICAL PHYSICIST	40.0	Highest	$261,556	$8,242	$269,798
CRIS COLEMAN	VP FINANCE CARROLL, CFO LEVINDALE	40.0		$379,602	$48,120	$427,722

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	$301,649,774	$280,364,341	$449,184,353	$21,285,433
2024	No data	No data	No data	No data
2023	$283,859,283	$259,325,141	$401,846,506	$24,534,142
2022	$279,141,072	$255,461,486	$414,506,635	$23,679,586
2021	$273,841,302	$240,653,386	$464,037,898	$33,187,916
2020	$247,994,150	$222,251,996	$390,701,607	$25,742,154
2019	$245,791,919	$221,346,422	$331,607,890	$24,445,497
2018	$248,810,613	$214,403,713	$318,476,790	$34,406,900

CARROLL HOSPITAL CENTER INC