CONWAY HOSPITAL INC (EIN 570314381) - 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

1928

Legal Domicile

Principal Officer

BRIAN ARGO

Phone

8433478037

Tax Period

2023-10-01 to 2024-09-30

CONWAY HOSPITAL INC, founded in 1928, is a major nonprofit in the Health Care sector that reported $358.2M in total revenue in fiscal year 2023. Revenue grew 11% year-over-year, indicating healthy expansion.

Mission

TO IMPROVE OVERALL HEALTH OF THE COMMUNITY BY BEING A LEADER IN HEALTH 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 (2023)

Revenue Breakdown

Contributions & Grants $1,870,694

Program Service Revenue $340,629,001

Investment Income $12,477,995

Other Revenue $3,218,574

TOTAL REVENUE $358,196,264

Expense Breakdown

Grants Paid $391,255

Salaries & Benefits $177,055,840

Fundraising Expenses $0

Program Expenses $295,048,063

Other Expenses $173,822,417

TOTAL EXPENSES $351,269,512

Year-over-Year Comparison

	2023	2022	Change
Revenue	$358,196,264	$323,204,485	+0.1%
Expenses	$351,269,512	$309,085,981	+0.1%
Net Income	$6,926,752	$14,118,504	-0.5%

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

2380

Volunteers

184

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

$1,466,212

Total Directors

$1,615,811

Key Employees

$1,765,742

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
HAFEZ HAYEK	TRUSTEE (AS OF 04/24)/CHIEF OF STAFF	40.00	Director	$633,295	$30,104	$663,399
LEROY RAINBOW JR	CHAIRMAN	1.00	Officer Director	$0	$0	$0
DENNIS WADE	VICE CHAIRMAN	1.00	Officer Director	$0	$0	$0
M WAYNE STATON	SECRETARY	1.00	Officer Director	$0	$0	$0
JAMES ADAMSON	TRUSTEE	1.00	Director	$0	$0	$0
BRET BARR	TRUSTEE/FORMER CEO	40.00	Director	$952,412	$0	$952,412
WILLIAM R BENSON	TRUSTEE	1.00	Director	$0	$0	$0
JASON BERND	TRUSTEE (AS OF 04/24)	1.00	Director	$0	$0	$0
BARB BIEHNER	TRUSTEE	1.00	Director	$0	$0	$0
ERNIE BOVIO	TRUSTEE (AS OF 04/24)	1.00	Director	$0	$0	$0
DR REGINALD F DAVES	TRUSTEE	1.00	Director	$0	$0	$0
BRYAN DUNN	TRUSTEE (AS OF 04/24)	1.00	Director	$0	$0	$0
DR MICHAEL ELLIS	TRUSTEE	1.00	Director	$0	$0	$0
CHRISTY EVERETTE	TRUSTEE	1.00	Director	$0	$0	$0
HEATHER VON HERMANN	TRUSTEE	1.00	Director	$0	$0	$0
DR HAL B HOLMES	TRUSTEE	1.00	Director	$0	$0	$0
MITCH LAMM	TRUSTEE	1.00	Director	$0	$0	$0
JEFF LINDSAY	TRUSTEE (THRU 03/24)	1.00	Director	$0	$0	$0
GEORGE N MAGRATH JR	TRUSTEE	1.00	Director	$0	$0	$0
DIANNE W RAY	TRUSTEE	1.00	Director	$0	$0	$0
BILL SCHIFF	TRUSTEE (THRU 03/24)	1.00	Director	$0	$0	$0
CURT SHAW	TRUSTEE (THRU 03/24)	1.00	Director	$0	$0	$0
DELAN STEVENS	TRUSTEE	1.00	Director	$0	$0	$0
SRINIVAS VUPPALA	TRUSTEE	1.00	Director	$0	$0	$0
ROXIE WELLS	TRUSTEE (THRU 03/24)	1.00	Director	$0	$0	$0
BRIAN ARGO	CEO	40.00	Officer	$961,045	$48,752	$1,009,797
DAVID MIER	CFO	40.00	Officer	$416,787	$39,628	$456,415
PAUL RICHARDSON	CHIEF MEDICAL OFFICER	40.00	Key Emp	$588,224	$43,304	$631,528
ANDREA ERICKSON	CHIEF NURSING OFFICER	40.00	Key Emp	$319,793	$1,434	$321,227
ANGELA WILLIFORD	CHIEF RISK OFFICER	40.00	Key Emp	$370,193	$44,425	$414,618
TED MILFORD	CHIEF DEVELOPMENT OFFICER	40.00	Key Emp	$353,289	$45,080	$398,369
AARON EPSTEIN	PHYSICIAN	40.00	Highest	$849,486	$41,994	$891,480
GEORGE SANDOZ	PHYSICIAN	40.00	Highest	$937,610	$45,925	$983,535
DANIEL REID	PHYSICIAN	40.00	Highest	$808,770	$43,304	$852,074
YUMENG LI	PHYSICIAN	40.00	Highest	$793,687	$25,962	$819,649
MICHAEL ODLE	PHYSICIAN	40.00	Highest	$789,310	$30,104	$819,414
KEVIN LOVETT	FORMER VP OF FACILITIES(THRU 2/23)	40.00		$266,457	$29,736	$296,193

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	$358,196,264	$351,269,512	$798,279,238	$6,926,752
2023	$323,204,485	$309,085,981	$725,784,264	$14,118,504
2022	$277,441,794	$286,711,364	$602,891,822	$-9,269,570
2021	$252,727,872	$247,657,263	$633,399,313	$5,070,609
2020	$217,207,956	$204,872,807	$554,679,264	$12,335,149
2019	$198,377,116	$162,674,811	$547,033,854	$35,702,305
2018	$177,803,634	$161,702,266	$518,162,163	$16,101,368

CONWAY HOSPITAL INC