CHATHAM HOSPITAL INC (EIN 560611546) - 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

1939

Legal Domicile

Phone

9197994000

Tax Period

2024-07-01 to 2025-06-30

CHATHAM HOSPITAL INC, founded in 1939, is a mid-sized nonprofit that reported $68.3M in total revenue in fiscal year 2024. Revenue grew 13% year-over-year, indicating healthy expansion. Expenses of $63.4M left a modest 7% surplus.

Mission

To support the health and well-being of those we serve through quality, equitable healthcare and to build partnerships within our diverse 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 (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $66,084,030

Investment Income $119,705

Other Revenue $2,062,522

TOTAL REVENUE $68,266,257

Expense Breakdown

Grants Paid $1,000

Salaries & Benefits $17,976,251

Fundraising Expenses $0

Program Expenses $58,278,904

Other Expenses $45,398,812

TOTAL EXPENSES $63,376,063

Year-over-Year Comparison

	2024	2023	Change
Revenue	$68,266,257	$60,403,732	+0.1%
Expenses	$63,376,063	$64,063,757	0.0%
Net Income	$4,890,194	$-3,660,025	-2.3%

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

260

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

$1,515,943

Total Directors

$3,553,850

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Andrew Hannapel mD	Director/CMO	60.0	Officer Director	$0	$0	$0
Eric Wolak	Director/COO & CNO	60.0	Officer Director	$254,586	$28,729	$283,315
Franklin Gomez-Flores	Director/Vice Chairman	5.0	Officer Director	$0	$0	$0
Jeff Strickler	Director/President & CEO	30.0	Officer Director	$0	$125,623	$524,111
Mark Hall	Director/Chairman	5.0	Officer Director	$0	$0	$0
Michael Bunch	Director/CFO	8.0	Officer Director	$0	$125,656	$528,811
Amir Aghajanian MD	Director	60.0	Director	$0	$44,009	$722,612
Angelynn McClary	Director	2.0	Director	$0	$0	$0
Anne Schwankl	Director	2.0	Director	$0	$0	$0
Ashlyn Martin	Director	2.0	Director	$0	$0	$0
David Poe	Director	2.0	Director	$0	$0	$0
Jennifer Platt	Director	2.0	Director	$0	$0	$0
Leisa Powell	Director	2.0	Director	$0	$46,353	$195,883
Meghan McCann	Director	2.0	Director	$0	$93,063	$459,678
Michael Zelek	Director	2.0	Director	$0	$0	$0
Michelle Burton	Director	2.0	Director	$0	$0	$0
Misty Drake	Director	2.0	Director	$0	$0	$0
Udobi Campbell	Director	2.0	Director	$0	$120,572	$499,182
Woodward Burgert III MD	Director	2.0	Director	$0	$48,430	$340,258
Allison Bolin	Director of Surgical Operations	60.0	Officer	$145,343	$34,363	$179,706
Beverly Carpenter	Patient Services Manager I	60.0	Highest	$139,598	$22,892	$162,490
Donna Sessoms	Director of Surgical Services	60.0	Highest	$165,820	$50,210	$216,030
Rachel Brewer	Admin Coordinator/Nursing	60.0	Highest	$137,719	$46,689	$184,408
Scott Ratcliff	HCS Director Imaging Services	60.0	Highest	$142,193	$17,518	$159,711
Shelley Louya	Patient Services Manager II	60.0	Highest	$164,609	$21,834	$186,443
Jeff LeGay	Former CFO	0.0		$0	$32,517	$352,363

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	$68,266,257	$63,376,063	$45,111,075	$4,890,194
2024	$60,403,732	$64,063,757	$40,597,678	$-3,660,025
2023	$52,033,872	$58,243,074	$41,090,209	$-6,209,202
2022	$53,121,700	$54,626,075	$33,827,655	$-1,504,375
2021	$48,685,356	$54,220,084	$26,102,358	$-5,534,728
2020	$44,313,104	$46,100,577	$25,669,520	$-1,787,473
2019	$40,070,953	$44,443,804	$26,897,084	$-4,372,851
2018	$43,469,652	$41,258,253	$30,461,883	$2,211,399

CHATHAM HOSPITAL INC