PENDER MEMORIAL HOSPITAL INCORPORATED (EIN 560653348) - 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

1964

Legal Domicile

Principal Officer

CARL ARMATO

Phone

3362772411

Tax Period

2024-01-01 to 2024-12-31

PENDER MEMORIAL HOSPITAL INCORPORATED, founded in 1964, is a mid-sized nonprofit in the Health Care sector that reported $38.7M in total revenue in fiscal year 2024. Revenue grew 10% year-over-year, indicating healthy expansion.

Mission

FRINGE OR EXPENSE EXPLANATION FIRST-CLASS OR CHARTER TRAVEL: EXECUTIVES ARE LIMITED TO BUSINESS OR COACH CLASS FOR COMMERCIAL FLIGHTS. HOWEVER, CHARTER TRAVEL IS AVAILABLE FOR CERTAIN EXECUTIVES, BOARD MEMBERS, AND APPROVED BUSINESS PERSONNEL WHO MEET POLICY CRITERIA AND OBTAIN APPROPRIATE APPROVALS. TRAVEL FOR COMPANIONS: COMPANIONS ARE ALLOWED AS PASSENGERS ON CERTAIN CHARTER FLIGHTS PAID BY THE ORGANIZATION. THE VALUE OF THE COMPANION'S FLIGHT IS CALCULATED USING APPLICABLE TAX LAW. THE CALCULATED AMOUNT IS INCLUDED IN THE EXECUTIVE'S TAXABLE COMPENSATION AS PRESCRIBED BY APPLICABLE TAX LAW. DISCRETIONARY SPENDING ACCOUNT: CERTAIN EXECUTIVES RECEIVE A DISCRETIONARY SPENDING ACCOUNT. THE DOLLAR AMOUNT IN THE ACCOUNT IS PRE-APPROVED BY THE COMPENSATION AND LEADERSHIP COMMITTEE OF THE NOVANT HEALTH BOARD OF TRUSTEES. THE EXECUTIVE MAY DEFER THE AMOUNT TO A RETIREMENT ACCOUNT OR THE AMOUNT IS TREATED AS COMPENSATION AND IS SPREAD OUT OVER THE COURSE OF THE YEAR IN THE EXECUTIVE'S PAYCHECKS AS TAXABLE INCOME. HOUSING ALLOWANCE OR RESIDENCE FOR PERSONAL USE: TEMPORARY HOUSING ALLOWANCES ARE INCLUDED IN CERTAIN EXECUTIVE RECRUITMENT AND RELOCATION PACKAGES. THE TAXABLE VALUE OF THESE ARRANGEMENTS IS CALCULATED AND INCLUDED IN THE EXECUTIVE'S TAXABLE COMPENSATION IN ACCORDANCE WITH APPLICABLE FEDERAL LAW AND REGULATIONS.

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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 $41,111

Program Service Revenue $38,558,375

Investment Income $3,521

Other Revenue $124,511

TOTAL REVENUE $38,727,518

Expense Breakdown

Grants Paid $0

Salaries & Benefits $17,548,893

Fundraising Expenses $0

Program Expenses $38,600,145

Other Expenses $22,705,665

TOTAL EXPENSES $40,254,558

Year-over-Year Comparison

	2024	2023	Change
Revenue	$38,727,518	$35,105,750	+0.1%
Expenses	$40,254,558	$36,656,326	+0.1%
Net Income	$-1,527,040	$-1,550,576	0.0%

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

265

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

$2,958,091

Total Directors

$17,975

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BARBARA BIEHNER	VC(TO 1/16/24)/CHAIR(FR 1/17/24)	0.50	Officer Director	$0	$0	$0
BRETT KEELER	TRUSTEE (FR 1/2/24)	0.20	Director	$0	$0	$0
DENISE HOUGHTON	SEC(TO 1/16/24)/VC(FR 1/17/24)	0.50	Officer Director	$0	$0	$0
HIRAM WILLIAMS	TRUSTEE/TREASURER(FR 1/17/24)	0.50	Officer Director	$0	$0	$0
JACQUELINE NEWTON	TRUSTEE (FR 1/2/24)	0.20	Director	$0	$0	$0
LYNWOOD MEADOWS	TREASURER (TO 1/16/24)	0.50	Officer Director	$0	$0	$0
MOSTAFA REZK MD	TTE (TO 12/31/24)/MEDICAL DIRECTOR	3.00	Director	$17,975	$0	$17,975
MYRA MCDUFFIE	TRUSTEE	0.20	Director	$0	$0	$0
TERRI KING	TRUSTEE (FR 1/2/24)	0.20	Director	$0	$0	$0
TIMOTHY BAKER	TRUSTEE/SECRETARY (FR 1/17/24)	0.50	Officer Director	$0	$0	$0
WILLIE ARMSTRONG	TRUSTEE (TO 12/31/24)	0.20	Director	$0	$0	$0
WENDY FLETCHER-HARDEE	TRUSTEE (TO 5/17/24)	0.20	Director	$0	$0	$0
ALICE POPE	EVP/CFO (FR 4/29/24)	0.20	Officer	$0	$183,469	$1,175,156
GEOFFREY GARDNER	CFO (TO 4/28/24)	0.20	Officer	$0	$45,078	$1,299,330
RUTH GLASER	PRESIDENT	25.00	Officer	$0	$43,433	$483,605
HARRY COWART	PHARMACIST IN CHARGE	45.00	Highest	$196,177	$32,131	$228,308
JILL CLARK	HOUSE SUPERVISOR	45.00	Highest	$122,270	$29,522	$151,792
KRISTEN SANABRIA	SUPV ADMINISTRATIVE SERVICES	45.00	Highest	$115,497	$18,298	$133,795
PAUL WHITE	CRNA II - NE	40.00	Highest	$271,676	$52,350	$335,180
REBECCA BATES	CRNA II - NE	40.00	Highest	$215,787	$22,979	$248,459

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	$38,727,518	$40,254,558	$34,816,841	$-1,527,040
2023	$35,105,750	$36,656,326	$49,409,565	$-1,550,576
2022	$34,402,819	$37,468,637	$32,698,981	$-3,065,818
2021	$37,592,301	$34,129,871	$37,631,899	$3,462,430
2021	$13,183,408	$12,685,906	$39,814,102	$497,502

PENDER MEMORIAL HOSPITAL INCORPORATED