LENOIR MEMORIAL HOSPITAL INC (EIN 566000674) - 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

1950

Legal Domicile

Phone

2525227510

Tax Period

2024-07-01 to 2025-06-30

LENOIR MEMORIAL HOSPITAL INC, founded in 1950, is a major nonprofit in the Health Care sector that reported $191.6M in total revenue in fiscal year 2024. Revenue grew 16% year-over-year, indicating healthy expansion. Expenses of $169.2M left a modest 12% surplus.

Mission

PROVIDING EXCEPTIONAL HEALTHCARE AS AN OUTSTANDING COMMUNITY HOSPITAL

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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 $219,847

Program Service Revenue $185,996,497

Investment Income $2,214,278

Other Revenue $3,119,936

TOTAL REVENUE $191,550,558

Expense Breakdown

Grants Paid $0

Salaries & Benefits $77,844,599

Fundraising Expenses $199,193

Program Expenses $150,490,891

Other Expenses $91,314,752

TOTAL EXPENSES $169,159,351

Year-over-Year Comparison

	2024	2023	Change
Revenue	$191,550,558	$165,676,516	+0.2%
Expenses	$169,159,351	$162,937,315	+0.0%
Net Income	$22,391,207	$2,739,201	+7.2%

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

1213

Volunteers

126

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

$2,386,048

Total Directors

$169,342

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Carlton Younger Jr	Board Chair	2.0	Officer Director	$0	$0	$0
Crystal Hayden DNP	CEO	50.0	Officer Director	$0	$0	$0
D Stuart Lindley	Board Vice Chair	2.0	Officer Director	$0	$0	$0
Frances Herring JD	Board Secretary	2.0	Officer Director	$0	$0	$0
Michael Whitfield CPA	Treasurer	2.0	Officer Director	$0	$0	$0
Robin Roberson	Asst Treasurer	2.0	Officer Director	$0	$0	$0
Amanda Conner	Board Member	1.0	Director	$0	$0	$0
Dale Warner Jr	Board Member	1.0	Director	$0	$0	$0
Felicia Solomon	Board Member	1.0	Director	$0	$0	$0
Hugh Pollock	Board Member	1.0	Director	$0	$0	$0
Joan Perry MD	Board Member	1.0	Director	$0	$0	$129,375
Joel Rose MD	Board Member	1.0	Director	$0	$0	$39,967
Michael James	Board Member	1.0	Director	$0	$0	$0
Preston Harris	Board Member	1.0	Director	$0	$0	$0
Randy Bledsoe EdD	Board Member	1.0	Director	$0	$0	$0
Russell T Hunt EdD	Board Member	1.0	Director	$0	$0	$0
Tonya Adams	Board Member	1.0	Director	$0	$0	$0
Bharadwaj Mantha	VP/CFO	50.0	Officer	$246,940	$8,950	$255,890
Claire D Paris MD	CMO	50.0	Officer	$572,880	$42,073	$614,953
Cynthia Cronkhite	VP Human Resources & Support Services	50.0	Officer	$198,778	$43,867	$242,645
Derek R Vestal	VP Operations	50.0	Officer	$233,003	$51,241	$284,244
Donna Creel	Executive Secretary	40.0	Officer	$78,834	$12,401	$91,235
Jaidee Jeminez	Executive Secretary	40.0	Officer	$46,691	$573	$47,264
Karl L Vanderstouw	VP Support Services	50.0	Officer	$290,396	$49,429	$339,825
Keri L Noeske	CNO	50.0	Officer	$0	$0	$0
Monica J Phlippeau	CNO	50.0	Officer	$436,201	$73,791	$509,992
Daniel W Simmons	CRNA	40.0	Highest	$278,791	$19,335	$298,126
Forrest B Kennedy Jr	CRNA	40.0	Highest	$266,749	$15,160	$281,909
Robin O Reavis	CRNA	40.0	Highest	$250,514	$33,423	$283,937
Stephen T Michaux-Smith	CRNA	40.0	Highest	$347,038	$44,435	$391,473
Vanar D Spencer	CRNA	40.0	Highest	$221,883	$0	$221,883
Jeffrey A Wakefield CPA	Former CFO	50.0		$114,410	$23,838	$138,248

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	$191,550,558	$169,159,351	$199,761,821	$22,391,207
2024	$165,676,516	$162,937,315	$171,975,737	$2,739,201
2023	$162,474,027	$161,489,466	$175,861,194	$984,561
2022	$155,762,960	$165,133,906	$183,094,580	$-9,370,946
2021	$148,781,962	$151,050,079	$221,129,021	$-2,268,117
2020	$144,714,968	$147,507,185	$208,978,571	$-2,792,217
2019	$137,561,543	$139,141,868	$182,073,350	$-1,580,325

LENOIR MEMORIAL HOSPITAL INC