MURPHY MEDICAL CENTER INC DBA ERLA… - Form 990 Financial Data

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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

1993

Legal Domicile

Principal Officer

STEPHANIE BOYNTON

Phone

8288378161

Tax Period

2022-07-01 to 2023-06-30

MURPHY MEDICAL CENTER INC DBA ERLANGER WESTERN CAROLINA HOSPITAL, founded in 1993, is a mid-sized nonprofit in the Health Care sector that reported $69.1M in total revenue in fiscal year 2022. Revenue grew 13% year-over-year, indicating healthy expansion.

Mission

WE COMPASSIONATELY CARE FOR PEOPLE.

Program Service Accomplishments

Program 1

Expenses: $53,719,531 Revenue: $68,520,111

THE MISSION OF ERLANGER WESTERN CAROLINA HOSPITAL, INC. IS TO COMPASSIONATELY CARE FOR THE RESIDENTS OF MURPHY, NC AND SURROUNDING COMMUNITIES. DURING FISCAL YEAR 6/30/23, THE ORGANIZATION PROVIDED 5,133 INPATIENT DAYS, 28,173 OUTPATIENT VISITS, 12,200 URGENT CARE CENTER VISITS, AND RESPONDED TO 14,553 EMERGENCY ROOM VISITS, AND 53,974 OTHER PHYSICIAN PRACTICES (EXCLUDING URGENT CARE).

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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 $77,062

Program Service Revenue $68,507,033

Investment Income $437,974

Other Revenue $58,829

TOTAL REVENUE $69,080,898

Expense Breakdown

Grants Paid $0

Salaries & Benefits $33,226,517

Fundraising Expenses $0

Program Expenses $53,719,531

Other Expenses $35,690,255

TOTAL EXPENSES $68,916,772

Year-over-Year Comparison

	2022	2021	Change
Revenue	$69,080,898	$60,971,204	+0.1%
Expenses	$68,916,772	$65,233,311	+0.1%
Net Income	$164,126	$-4,262,107	-1.0%

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

541

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

$554,158

Total Directors

$1,562,632

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
SHEILA BOYINGTON	BOARD CHAIR	1.00	Director	$0	$0	$0
VICKY GREGG	BOARD VICE-CHAIR	1.00	Director	$0	$0	$0
JIM COLEMAN	BOARD MEMBER, CEO OF ERLANGER	1.00	Director	$0	$3,426	$298,096
ROBERT MALONEY	BOARD MEMBER, COO OF ERLANGER	1.00	Director	$0	$30,628	$560,417
LYNN DEJACO	BOARD MEMBER, CFO OF ERLANGER	1.00	Director	$0	$20,424	$704,119
JOHN GERM	BOARD MEMBER	1.00	Director	$0	$0	$0
DEBBIE INGRAM	BOARD MEMBER	1.00	Director	$0	$0	$0
BARRY LARGE	BOARD MEMBER	1.00	Director	$0	$0	$0
WARREN MCEWEN	BOARD MEMBER	1.00	Director	$0	$0	$0
LINDA MINES	BOARD MEMBER	1.00	Director	$0	$0	$0
MITCHELL MUTTER	BOARD MEMBER	1.00	Director	$0	$0	$0
CHRISTOPHER POOLE	BOARD MEMBER	1.00	Director	$0	$0	$0
LEMON WILLIAMS JR	BOARD MEMBER	1.00	Director	$0	$0	$0
STEPHANIE BOYNTON	CEO	40.00	Officer	$0	$30,116	$333,597
TERESA BOWLEG	CNO/ADMINISTRATOR	40.00	Officer	$194,199	$26,362	$220,561
ERIC CLARKE MD	ORTHOPEDIC SURGEON	40.00	Highest	$560,428	$15,312	$575,740
THOMAS CLAYTON MD	FAMILY MEDICINE PHYSICIAN	40.00	Highest	$425,359	$15,978	$441,337
JEFFREY MARTIN MD	UROLOGIST	40.00	Highest	$523,927	$31,913	$555,840
MICHAEL NERNEY MD	GENERAL SURGEON	40.00	Highest	$576,013	$26,432	$602,445
STEPHEN PURVIS DO	ORTHOPEDIC SURGEON	40.00	Highest	$320,268	$17,072	$337,340

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	No data	No data	No data	No data
2024	No data	No data	No data	No data
2023	$69,080,898	$68,916,772	$56,424,666	$164,126
2022	$60,971,204	$65,233,311	$51,075,127	$-4,262,107
2021	$64,166,797	$63,838,914	$53,187,250	$327,883
2020	$71,858,665	$71,188,613	$47,276,141	$670,052
2019	$76,070,313	$74,804,247	$36,161,543	$1,266,066
2018	$69,157,114	$72,244,463	$36,250,903	$-3,087,349

MURPHY MEDICAL CENTER INC DBA ERLANGER WESTERN CAROLINA HOSPITAL