Cannon Memorial Hospital (EIN 570342027) - 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

8648784791

Tax Period

2023-01-01 to 2023-12-31

Cannon Memorial Hospital, founded in 1950, is a mid-sized nonprofit in the Health Care sector that reported $33.5M in total revenue in fiscal year 2023.

Mission

PROVIDING QUALITY HEALTHCARE IN A SAFE, COMPETENT, AND COMPASSIONATE MANNER

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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 $236,203

Program Service Revenue $33,096,632

Investment Income $13,420

Other Revenue $149,392

TOTAL REVENUE $33,495,647

Expense Breakdown

Grants Paid $0

Salaries & Benefits $13,552,533

Fundraising Expenses $0

Program Expenses $29,097,071

Other Expenses $18,973,919

TOTAL EXPENSES $32,526,452

Year-over-Year Comparison

	2023	2022	Change
Revenue	$33,495,647	$34,634,372	0.0%
Expenses	$32,526,452	$31,331,160	+0.0%
Net Income	$969,195	$3,303,212	-0.7%

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

238

Volunteers

N/A

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

$460,536

Total Directors

$4,289,658

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Christine Pearson	Board Member - CFO of AnMed Health	1.0	Director	$0	$291,980	$944,387
DR Robert Mock	Board Member - CMO of AnMed Health	1.0	Director	$0	$289,037	$901,976
Harold Alexander	Board Member	1.0	Director	$0	$0	$0
Linda S Cassell	Board Member	1.0	Director	$0	$0	$0
Scott Weiskittel	Board Member - COO of AnMed Health	1.0	Director	$0	$226,086	$660,425
William Kenley	Board Member - CEO of AnMed Health	1.0	Director	$0	$621,785	$1,782,870
Zach Hinto	Board Member	1.0	Director	$0	$0	$0
Michael Cunningham	CEO	35.0	Officer	$317,379	$143,157	$460,536
Dean Trantham	Physician	40.0	Highest	$230,376	$8,797	$239,173
John R Randolph	Physician	40.0	Highest	$231,176	$25,887	$257,063
Peter C Schriver	Physician	40.0	Highest	$234,093	$39,904	$273,997
Robert G Person	Physician	40.0	Highest	$238,950	$28,605	$267,555
Travis Davis	Physician	40.0	Highest	$226,210	$34,117	$260,327

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	No data	No data	No data	No data
2023	$33,495,647	$32,526,452	$16,128,370	$969,195
2022	$34,634,372	$31,331,160	$11,917,939	$3,303,212
2021	$31,110,533	$34,634,866	$13,766,041	$-3,524,333
2020	$33,341,985	$34,164,512	$12,293,990	$-822,527
2019	$33,163,111	$33,884,574	$10,769,786	$-721,463
2018	$27,762,628	$29,484,527	$10,158,727	$-1,721,899

Cannon Memorial Hospital