HAMPTON REGIONAL MEDICAL CENTER (EIN 571017988) - 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

Principal Officer

DAVID H HAMILL

Phone

8039432771

Tax Period

2023-10-01 to 2024-09-30

HAMPTON REGIONAL MEDICAL CENTER, founded in 1950, is a mid-sized nonprofit in the Health Care sector that reported $36.9M in total revenue in fiscal year 2023. Revenue surged 25% from the prior year, signaling strong growth momentum. Expenses of $33.2M left a modest 10% surplus.

Mission

HAMPTON REGIONAL MEDICAL CENTER'S MISSION STATEMENT IS TO PROVIDE: COMPASSION, COMMITMENT & EXCELLENCE. EVERY PERSON, EVERY TIME.

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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 $3,166,667

Program Service Revenue $33,185,547

Investment Income $580,151

Other Revenue $0

TOTAL REVENUE $36,932,365

Expense Breakdown

Grants Paid $0

Salaries & Benefits $18,789,131

Fundraising Expenses $0

Program Expenses $27,446,864

Other Expenses $14,447,566

TOTAL EXPENSES $33,236,697

Year-over-Year Comparison

	2023	2022	Change
Revenue	$36,932,365	$29,548,735	+0.2%
Expenses	$33,236,697	$29,648,754	+0.1%
Net Income	$3,695,668	$-100,019	-37.9%

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

365

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

$1,085,634

Total Directors

$896,541

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DAVE HAMILL VOTING	CEO	39.00	Officer Director	$775,761	$120,780	$896,541
WILLIAM R KOGER JR	CHAIRMAN OF THE BOARD	2.00	Director	$0	$0	$0
ROY HOLLINGSWORTH	VICE CHAIRMAN	2.00	Director	$0	$0	$0
DEBBIE BULLARD	SECRETARY	2.00	Director	$0	$0	$0
DR PATRICK CAWLEY	DIRECTOR	2.00	Director	$0	$0	$0
LEE ELLIS	DIRECTOR	2.00	Director	$0	$0	$0
ALLAN SWOFFORD	DIRECTOR	2.00	Director	$0	$0	$0
TRUDIE WORDEN	DIRECTOR	2.00	Director	$0	$0	$0
JULIE ALLEN	CFO	39.00	Officer	$170,758	$18,335	$189,093
LEE BUTTERFIELD	CLINIC PHYSICIAN	40.00	Highest	$453,471	$14,831	$468,302
HARVEY D WEST JR	ER PHYSICIAN	36.00	Highest	$461,035	$19,363	$480,398
ZANE OSBORNE	ER PHYSICIAN	36.00	Highest	$535,091	$25,633	$560,724
CECIL MCELVEEN	ER PHYSICIAN	36.00	Highest	$451,426	$21,676	$473,102

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	$36,932,365	$33,236,697	$63,286,293	$3,695,668
2023	$29,548,735	$29,648,754	$59,234,101	$-100,019
2022	$29,551,986	$29,116,000	$60,098,826	$435,986
2021	$36,097,350	$26,470,364	$61,740,497	$9,626,986
2020	$27,567,655	$24,690,396	$58,976,473	$2,877,259
2019	$23,491,338	$22,889,224	$47,072,425	$602,114
2018	$21,384,513	$21,710,579	$45,893,906	$-326,066

HAMPTON REGIONAL MEDICAL CENTER