HAMILTON MEDICAL CENTER INC (EIN 581519911) - 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

1983

Legal Domicile

Principal Officer

JEFFREY D MYERS

Phone

7062726115

Tax Period

2023-10-01 to 2024-09-30

HAMILTON MEDICAL CENTER INC, founded in 1983, is a major nonprofit in the Health Care sector that reported $522.4M in total revenue in fiscal year 2023. Revenue surged 27% from the prior year, signaling strong growth momentum. Expenses of $449.6M left a modest 14% surplus.

Mission

HAMILTON MEDICAL CENTER, INC. OPERATES A 255-BED, ACUTE CARE HOSPITAL, INCLUDING A 24-HOUR EMERGENCY ROOM IN DALTON, GA. DURING THE FISCAL YEAR ENDED 09/30/2024, THE MEDICAL CENTER HAD 42,549 PATIENT DAYS AND 218,186 OUTPATIENT VISITS. HAMILTON SERVES THE NEEDS OF AREA RESIDENTS WITHOUT DISCRIMINATION AND REGARDLESS OF ABILITY TO PAY.

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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 $7,927,475

Program Service Revenue $482,101,249

Investment Income $22,724,112

Other Revenue $9,684,265

TOTAL REVENUE $522,437,101

Expense Breakdown

Grants Paid $0

Salaries & Benefits $210,680,965

Fundraising Expenses $0

Program Expenses $379,733,791

Other Expenses $238,891,544

TOTAL EXPENSES $449,572,509

Year-over-Year Comparison

	2023	2022	Change
Revenue	$522,437,101	$412,854,595	+0.3%
Expenses	$449,572,509	$359,854,691	+0.2%
Net Income	$72,864,592	$52,999,904	+0.4%

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

2422

Volunteers

108

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

$2,748,753

Total Directors

$1,673,818

Key Employees

$2,432,400

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JEFFREY D MYERS	PRESIDENT/CEO	1.00	Officer Director	$0	$119,279	$1,673,818
ROBERT M CHANDLER	CHAIRMAN	1.00	Officer Director	$0	$0	$0
ROBERT H BROOKER	VICE CHAIRMAN	1.00	Officer Director	$0	$0	$0
ROBERT B HUBBS	SECRETARY/TREASURER	1.00	Officer Director	$0	$0	$0
AYMAN RIFAI MD	TRUSTEE	1.00	Director	$0	$0	$0
W SCOTT SELLERS	TRUSTEE	1.00	Director	$0	$0	$0
OLIVER F COBB	TRUSTEE	1.00	Director	$0	$0	$0
ZABDIEL MENDEZ	TRUSTEE	1.00	Director	$0	$0	$0
MICHAEL D WILSON MD	TRUSTEE	1.00	Director	$0	$0	$0
MATHEW D SMITH MD	TRUSTEE	1.00	Director	$0	$0	$0
C CELESTE CRESWELL	TRUSTEE	1.00	Director	$0	$0	$0
JULIE A SOEKORO	CFO/TREASURER	1.00	Officer	$0	$109,497	$811,055
RANDALL F FOSTER	ASSISTANT TREASURER	40.00	Officer	$0	$13,002	$263,880
CHRISTOPHER DELASHMITT MD	VP & CMO	40.00	Key Emp	$681,577	$33,151	$714,728
ERNALDO ELEMENTO	VICE PRESIDENT	40.00	Key Emp	$377,694	$53,557	$431,251
ALFRED D WRIGHT	VICE PRESIDENT	40.00	Key Emp	$351,971	$29,904	$381,875
JUDEAN GUINN	VICE PRESIDENT	40.00	Key Emp	$438,343	$66,986	$505,329
NED WIGGS	VICE PRESIDENT	40.00	Key Emp	$332,393	$66,824	$399,217
MICHAEL HARTLEY MD	PHYSICIAN	40.00	Highest	$765,873	$38,072	$803,945
HECTOR DOURRON MD	PHYSICIAN	40.00	Highest	$727,529	$35,348	$762,877
TOMMY BLEDSOE JR	PHY. EXEC. POPULATION HEAL	40.00	Highest	$536,576	$73,930	$610,506
LISA DUHAIME	PHYSICIAN	40.00	Highest	$643,606	$28,014	$671,620
JAMES TURNER	PHYSICIAN	40.00	Highest	$755,767	$39,345	$856,055

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	$522,437,101	$449,572,509	$1,256,741,711	$72,864,592
2023	$412,854,595	$359,854,691	$845,414,203	$52,999,904
2022	$383,737,082	$332,801,741	$791,470,584	$50,935,341
2021	$364,459,672	$301,420,836	$846,044,692	$63,038,836
2020	$327,619,342	$280,405,377	$787,563,678	$47,213,965
2019	$305,193,091	$263,512,719	$712,815,461	$41,680,372
2018	$279,942,109	$234,783,809	$665,966,221	$45,158,300

HAMILTON MEDICAL CENTER INC