BATH COMMUNITY HOSPITAL (EIN 540505913) - Form 990 Financial Analysis & Trantor Score

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Tuckman-Chang Vulnerability Assessment

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1925

Legal Domicile

Principal Officer

TOM VANDENHOVEN

Phone

5408397000

Tax Period

2023-01-01 to 2023-12-31

BATH COMMUNITY HOSPITAL, founded in 1925, is a mid-sized nonprofit in the Health Care sector that reported $26.7M in total revenue in fiscal year 2018. Revenue grew 18% year-over-year, indicating healthy expansion.

Mission

BATH COMMUNITY HOSPITAL ACCEPTS PRIMARY RESPONSIBILITY FOR IMPROVING THE HEALTH OF OUR AREA BY PROVIDING HIGH QUALITY, COMPASSIONATE, AND AFFORDABLE HEALTH CARE TO OUR REGION.

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Trantor Score

Financial Health & Payment Capacity Assessment (FICO Scale: 300–850)

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $9,065,058

Program Service Revenue $21,268,396

Investment Income $287,062

Other Revenue $551,909

TOTAL REVENUE $31,172,425

Expense Breakdown

Grants Paid $2,000,105

Salaries & Benefits $15,155,614

Fundraising Expenses $0

Program Expenses $23,311,597

Other Expenses $11,317,071

TOTAL EXPENSES $28,472,790

Year-over-Year Comparison

	2023	2022	Change
Revenue	$31,172,425	$27,070,589	+0.2%
Expenses	$28,472,790	$24,770,628	+0.1%
Net Income	$2,699,635	$2,299,961	+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

231

Volunteers

N/A

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

$633,020

Total Directors

$855,728

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JOHN LOEFFLER	DIRECTOR	1.00	Director	$0	$0	$0
NORM BRINKMAN	DIRECTOR	1.00	Director	$0	$0	$0
STEPHEN MILLS MD	DIRECTOR	1.00	Director	$0	$0	$0
INGRID BARBER	DIRECTOR	1.00	Director	$0	$0	$0
DASTGIR QURESHI MD	DIRECTOR	1.00	Director	$0	$0	$0
DAVID COWDEN	DIRECTOR	1.00	Director	$0	$0	$0
AMELA HODZIC MORGAN	DIRECTOR	1.00	Director	$0	$0	$0
JOHN SEDOVY MD	DIRECTOR/SURGEON	40.00	Director	$406,550	$30,603	$437,153
L TRAYWICK DUFFIE	CHAIR	1.00	Officer Director	$0	$0	$0
R MEADE SNYDER	SECRETARY	1.00	Officer Director	$0	$0	$0
JEFF LINGERFELT	PRESIDENT/CEO	40.00	Officer Director	$392,400	$26,175	$418,575
TIM PISTELL	VICE CHAIR	1.00	Officer Director	$0	$0	$0
MICHAEL M COLLINS	DIRECTOR	1.00	Director	$0	$0	$0
SCOTT ROBERTSON	DIRECTOR	1.00	Director	$0	$0	$0
MARK SPADONI	DIRECTOR	1.00	Director	$0	$0	$0
CHRISTINE WORSHAM	DIRECTOR	1.00	Director	$0	$0	$0
TOM VANDENHOVEN	TREASURER/CFO	40.00	Officer	$192,645	$21,800	$214,445
JEFFREY MCCRAY	PHYSICIAN	45.66	Highest	$316,464	$32,408	$348,872
GREGORY BENBOW	PHYSICIAN	36.57	Highest	$305,758	$24,974	$330,732
SCOTT CROSBY	PHYSICIAN	39.85	Highest	$359,113	$9,900	$369,013
RANDY GALLAGHER	PHYSICIAN	39.50	Highest	$298,733	$16,685	$315,418
EDUARD NEMIROVSKY	PHYSICIAN	40.00	Highest	$344,723	$25,615	$370,338

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	$31,172,425	$28,472,790	$35,471,734	$2,699,635
2022	$27,070,589	$24,770,628	$32,123,433	$2,299,961
2021	$46,938,599	$29,994,456	$37,427,731	$16,944,143
2020	$30,529,898	$29,187,688	$35,046,962	$1,342,210
2019	$30,135,806	$28,702,981	$27,187,477	$1,432,825
2018	$26,677,210	$27,082,664	$26,082,134	$-405,454

BATH COMMUNITY HOSPITAL