Herbert J Thomas Memorial Hospital Association (EIN 550404900) - 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

1946

Legal Domicile

Principal Officer

Greg Rosencrance

Phone

3047663523

Tax Period

2022-10-01 to 2023-09-30

Herbert J Thomas Memorial Hospital Association, founded in 1946, is a major nonprofit in the Health Care sector that reported $284.3M in total revenue in fiscal year 2022. Revenue surged 24% from the prior year, signaling strong growth momentum. The organization ran a surplus of $83.7M, a strong 29% operating margin.

Mission

To provide health care services to residents of South Charleston, WV and surrounding 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 (2022)

Revenue Breakdown

Contributions & Grants $439,227

Program Service Revenue $281,909,912

Investment Income $245,175

Other Revenue $1,696,201

TOTAL REVENUE $284,290,515

Expense Breakdown

Grants Paid $0

Salaries & Benefits $77,855,907

Fundraising Expenses $0

Program Expenses $136,234,000

Other Expenses $122,783,273

TOTAL EXPENSES $200,639,180

Year-over-Year Comparison

	2022	2021	Change
Revenue	$284,290,515	$229,054,272	+0.2%
Expenses	$200,639,180	$165,971,862	+0.2%
Net Income	$83,651,335	$63,082,410	+0.3%

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

N/A

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

$3,186,851

Total Directors

$508,334

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Paul Breedlove	Chairman	1.00	Officer Director	$0	$0	$0
Father Higgs	Director	1.00	Director	$0	$0	$0
Robert Chrest DO	Director	1.00	Director	$0	$0	$0
Andy Barker	Director	1.00	Director	$0	$0	$0
Brian Ulery	Former VP/COO Thomas Health	1.00	Director	$0	$14,288	$508,334
Dan Rogers MD	Director	1.00	Director	$0	$0	$0
Albert Wright Jr	President/CEO WVUHS	24.00	Officer	$0	$384,491	$2,707,633
Timothy K Skeldon	Sr. VP Finance/CFO Thomas Health System	24.00	Officer	$0	$39,671	$479,218
Greg Rosencrance MD	President/CEO as of 3/1/2023	24.00	Officer	$0	$0	$0
Connie Huston	Pharmacist	40.00	Highest	$150,905	$11,038	$161,943
William K Priddy	304B Pharmacy Manager	40.00	Highest	$193,196	$11,628	$204,824
Teresa Simmons	Director of Medical Imaging	40.00	Highest	$158,514	$7,761	$166,275
Scott Brown	Director of Thomas Family Pharmacy	40.00	Highest	$149,317	$11,311	$160,628
Daniel J Lauffer	Former Presidenet/CEO	0.00		$0	$37,928	$682,388

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	$284,290,515	$200,639,180	$347,432,889	$83,651,335
2022	$229,054,272	$165,971,862	$241,119,649	$63,082,410
2021	$213,311,494	$144,229,149	$179,578,357	$69,082,345
2020	$238,545,725	$133,712,733	$129,118,182	$104,832,992
2018	$191,540,170	$188,437,855	$189,958,295	$3,102,315

Herbert J Thomas Memorial Hospital Association