Redmond Park Hospital LLC (EIN 581123037) - 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

1978

Legal Domicile

Principal Officer

Isaac Sendros

Phone

7062910291

Tax Period

2022-01-01 to 2022-12-31

Redmond Park Hospital LLC, founded in 1978, is a major nonprofit that reported $270.6M in total revenue in fiscal year 2022. Revenue surged 292% from the prior year, signaling strong growth momentum. Expenses of $360.4M exceeded revenue, resulting in a 33% operating deficit.

Mission

The provision of medical care to the community through the operation of a 230 bed 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 (2022)

Revenue Breakdown

Contributions & Grants $2,927,386

Program Service Revenue $266,645,661

Investment Income $1,049,374

Other Revenue $9,134

TOTAL REVENUE $270,631,555

Expense Breakdown

Grants Paid $364,680

Salaries & Benefits $2,878,271

Fundraising Expenses $0

Program Expenses $344,536,363

Other Expenses $357,199,756

TOTAL EXPENSES $360,442,707

Year-over-Year Comparison

	2022	2021	Change
Revenue	$270,631,555	$69,066,530	+2.9%
Expenses	$360,442,707	$84,542,363	+3.3%
Net Income	$-89,811,152	$-15,475,833	+4.8%

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

N/A

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

$2,278,152

Total Directors

$4,708,584

Key Employees

$1,835,059

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Bacon Kenneth	Dir/Chairman	0.10	Director	$0	$290,272	$1,911,910
Guyton Alan	Dir/VP/Regional CFO/ Secretary	18.00	Officer Director	$0	$131,096	$691,873
Murrill Michael	Dir/Pres/Regional CEO	27.50	Officer Director	$0	$187,713	$1,086,556
Randolph Karsten	Director	0.10	Director	$0	$172,435	$1,011,332
Rustad Gary	Director	0.20	Director	$0	$0	$6,913
Metteauer Kenneth	CFO (End 8/22)	50.00	Officer	$0	$69,255	$499,723
Steely Karen	COO	50.00	Key Emp	$0	$55,825	$377,127
Barnes MD Julie	CMO	50.00	Key Emp	$0	$47,135	$588,496
Jones Stephanie	CNO (End 8/22)	50.00	Key Emp	$0	$43,872	$383,175
Jordon Amelia	CNO (Beg 8/22)	18.00	Key Emp	$0	$91,493	$486,261

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
2022	$270,631,555	$360,442,707	$666,428,511	$-89,811,152
2021	$69,066,530	$84,542,363	$772,801,969	$-15,475,833

Redmond Park Hospital LLC