ANC McDowell Hospital Inc

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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

1927

Legal Domicile

Principal Officer

MATTHEW RUBIN

Phone

8475832804

Tax Period

2018-10-01 to 2019-09-30

ANC McDowell Hospital Inc, founded in 1927, is a mid-sized nonprofit in the Health Care sector that reported $24.4M in total revenue in fiscal year 2018. Revenue fell 65% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $4.1M, a strong 17% operating margin.

Mission

GUIDING PRINCIPLES SERVE PEOPLE AS A NOT-FOR-PROFIT HEALTH SYSTEM GOVERNED BY A VOLUNTARY COMMUNITY BOARD. ENSURE SUSTAINABILITY THROUGH STEWARDSHIP OF THE REGION'S ASSETS. SIGNIFICANTLY ENHANCE THE QUALITY OF SERVICES PROVIDED TO PATIENTS IN A COMPASSIONATE AND COST-EFFECTIVE MANNER. COLLABORATE IN ORDER TO IMPROVE ACCESS ACROSS THE ENTIRE CONTINUUM OF CARE. PROMOTE WELLNESS AND HEALTH TO BENEFIT THE REGION. ELIMINATE PREVENTABLE INCIDENTS OF PATIENT HARM. 2020 VISION: A REGIONAL INTEGRATED HEALTH SYSTEM PROVIDING MEDICAL CARE AND SERVICE TO PATIENTS AND THEIR FAMILIES THROUGH A FULL CONTINUUM OF INTEGRATED SERVICES, EDUCATION, AND RESEARCH. SERVICE TO PATIENTS AND THEIR FAMILIES THROUGH A FULL CONTINUUM OF INTEGRATED SERVICES, EDUCATION, AND RESEARCH. SERVICE TO PATIENTS AND THEIR FAMILIES THROUGH A FULL CONTINUUM OF INTEGRATED SERVICES, EDUCATION, AND RESEARCH.

Program Service Accomplishments

Program 1

Expenses: $18,182,917 Revenue: $26,276,470

THE ORGANIZATION FORMERLY KNOWN AS THE MCDOWELL HOSPITAL, INC. IS COMMITTED TO PROMOTING HEALTH IN THE COMMUNITY THROUGH DIVERSE AND INNOVATIVE PROGRAMS, DESIGNED TO REACH A BROAD-RANGE TARGET...

THE ORGANIZATION FORMERLY KNOWN AS THE MCDOWELL HOSPITAL, INC. IS COMMITTED TO PROMOTING HEALTH IN THE COMMUNITY THROUGH DIVERSE AND INNOVATIVE PROGRAMS, DESIGNED TO REACH A BROAD-RANGE TARGET POPULATION AND CREATE THE HIGHEST IMPACT, WITH A SPECIAL EMPHASIS ON THE UNINSURED AND UNDERINSURED. THESE PROGRAMS INCLUDE SPORTS MEDICINE THROUGH THE LOCAL SCHOOL, NATIONAL CANCER SURVIVOR DAY CELEBRATION AND A QUARTERLY MAGAZINE PUBLICATION TO YOUR HEALTH. WHILE NOT AN EXHAUSTIVE LIST, THESE PROGRAMS PROVIDE AN EXAMPLE OF THE EFFORTS TO PROMOTE HEALTHY LIVING WITHIN THE 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 (2018)

Revenue Breakdown

Contributions & Grants $5,500

Program Service Revenue $26,276,470

Investment Income $-1,871,135

Other Revenue $0

TOTAL REVENUE $24,410,835

Expense Breakdown

Grants Paid $50,260

Salaries & Benefits $7,834,011

Fundraising Expenses $0

Program Expenses $18,182,917

Other Expenses $12,435,040

TOTAL EXPENSES $20,319,311

Year-over-Year Comparison

	2018	2017	Change
Revenue	$24,410,835	$70,227,758	-0.7%
Expenses	$20,319,311	$70,782,563	-0.7%
Net Income	$4,091,524	$-554,805	-8.4%

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

489

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

$310,121

Total Directors

$2,264,807

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
TIM BLENCO	CHAIR END JAN 2019	2.0	Officer Director	$0	$0	$0
STEVE JONES	VICE CHAIR END JAN 2019	2.0	Officer Director	$0	$0	$0
LEE LATTIMORE	SECRETARY/TREASURER END JAN 19	2.0	Officer Director	$0	$0	$0
BOBBIE YOUNG	IMMEDIATE PASTCHAIR END JAN 19	1.0	Officer Director	$0	$0	$0
HAROLD WALKER	TRUSTEE END JAN 2019	1.0	Director	$0	$0	$0
SHERRON CRAWFORD	TRUSTEE END JAN 2019	1.0	Director	$0	$0	$0
JEFFREY RANKIN	TRUSTEE END JAN 2019	1.0	Director	$0	$0	$0
RAY MCKESSON	TRUSTEE END JAN 2019	1.0	Director	$0	$0	$0
KATHY GUYETTE	TRUSTEE END JAN 2019	1.0	Director	$0	$109,967	$775,188
LARRY HILL JR	TRUSTEE END JAN 2019	1.0	Director	$0	$55,024	$408,053
JONATHAN BAILEY	TRUSTEE END JAN 2019	1.0	Director	$0	$47,885	$410,962
MARGARET SULLIVAN MD	TRUSTEES, C.O.S END JAN 2019	40.0	Director	$0	$25,027	$360,483
REX HENDERSON MD	TRUSTEE, P.C.O.S END JAN 2019	10.0	Director	$0	$0	$0
CAROL WOLFENBARGER	PRESIDENT & CNO END JAN 2019	49.0	Officer Director	$0	$29,014	$310,121
DR John Garrett	CHAIR	0.25	Officer Director	$0	$0	$0
Tom Maher	Vice Chair	0.25	Officer Director	$0	$0	$0
NEIL LURIA	CEO & CHIEF WIND-DOWN OFF.	0.25	Officer	$0	$0	$0
MATTHEW RUBIN	CFO, SEC, TREAS.	0.25	Officer	$0	$0	$0
DANIEL MCLAUGHLIN	PHYSICIAN	40.0	Highest	$449,721	$26,590	$476,311
EDWARD ST BERNARD	PHYSICIAN	40.0	Highest	$463,485	$35,531	$499,016
MARK MUELLER	PHYSICIAN	40.0	Highest	$648,021	$35,624	$683,645
ROBERT RODDENBERRY	PHYSICIAN	40.0	Highest	$371,902	$7,414	$379,316
ADAM KINNINGER	PHYSICIAN	40.0	Highest	$349,313	$28,787	$378,100
CLINT STEWART	FORMER REGIONAL DIR FIN 8/18	24.0		$0	$19,489	$122,919

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
2019	$24,410,835	$20,319,311	No data	$4,091,524
2018	$70,227,758	$70,782,563	$80,173,406	$-554,805