Reynolds Memorial Hospital Inc (EIN 550357045) - 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

1905

Legal Domicile

Principal Officer

Douglass Harrison

Phone

3048453211

Tax Period

2023-01-01 to 2023-12-31

Reynolds Memorial Hospital Inc, founded in 1905, is a major nonprofit in the Health Care sector that reported $150.4M in total revenue in fiscal year 2023. Revenue grew 10% year-over-year, indicating healthy expansion. Expenses of $143.4M left a modest 5% surplus.

Mission

To provide quality care to patients and the community at a reasonable cost.

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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 $888,176

Program Service Revenue $147,651,661

Investment Income $964,611

Other Revenue $891,772

TOTAL REVENUE $150,396,220

Expense Breakdown

Grants Paid $57,008

Salaries & Benefits $70,886,730

Fundraising Expenses $0

Program Expenses $117,204,844

Other Expenses $72,479,098

TOTAL EXPENSES $143,422,836

Year-over-Year Comparison

	2023	2022	Change
Revenue	$150,396,220	$137,313,344	+0.1%
Expenses	$143,422,836	$125,989,182	+0.1%
Net Income	$6,973,384	$11,324,162	-0.4%

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

947

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

$1,366,528

Total Directors

$749,529

Key Employees

$184,266

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Michael Myers	Physician	040.00	Highest	$906,473	$44,893	$951,366
David Hess	CEO - United Hospital Center RMH CEO 2021	N/A		$0	$129,652	$829,662
Matthew Watkins	Physician	040.00	Highest	$756,635	$46,258	$802,893
Douglass Harrison	President	016.00	Officer	$258,534	$119,472	$765,807
Nabiel Alkhouri	Physician	040.00	Highest	$714,597	$46,463	$761,060
Benjamin Gerber	Director	002.00	Director	$0	$121,444	$749,529
Matthew Metz	Physician	040.00	Highest	$597,827	$46,338	$644,165
Frank Schiebel	Physician	040.00	Highest	$515,955	$46,262	$562,217
Anthony Martinelli	VP Chief Operating Officer	040.00	Officer	$265,739	$41,306	$307,045
Mike Ortiz	VP Clinical Operations January - October	040.00	Officer	$265,954	$27,722	$293,676
Alex Inclan	Director of Accounting Controller	040.00	Key Emp	$147,146	$37,120	$184,266
Reverend Bruce Bevans	Director	002.00	Director	$0	$0	$0
Zachary Blair	Director	002.00	Director	$0	$0	$0
Diana Harto	Director	002.00	Director	$0	$0	$0
Jeffrey V Kessler	Director	002.00	Director	$0	$0	$0
Michael L McCoy	Director	002.00	Director	$0	$0	$0
Eric Tucker	Director	002.00	Director	$0	$0	$0
Bernard P Twigg	Director	002.00	Director	$0	$0	$0
Rudy E Zatezalo	Director	002.00	Director	$0	$0	$0
Joshua Jefferson	Director	002.00	Director	$0	$0	$0
Bishop Matthew Cowden	Director	002.00	Director	$0	$0	$0

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	$150,396,220	$143,422,836	$85,019,384	$6,973,384
2022	$137,313,344	$125,989,182	$76,437,176	$11,324,162
2021	$122,482,209	$112,779,322	$68,940,537	$9,702,887
2020	$104,118,804	$94,041,684	$64,032,128	$10,077,120
2019	$69,218,202	$71,197,539	$25,848,737	$-1,979,337
2018	$53,864,389	$55,993,088	$25,545,666	$-2,128,699

Reynolds Memorial Hospital Inc