Parkwest Medical Center (EIN 581897274) - 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

1990

Legal Domicile

Principal Officer

James D VanderSteeg

Phone

8653745329

Tax Period

2024-01-01 to 2024-12-31

Parkwest Medical Center, founded in 1990, is a major nonprofit in the Health Care sector that reported $469.8M in total revenue in fiscal year 2024.

Mission

Parkwest Medical Center operates a full-service acute care hospital located in west Knoxville, Tennessee, and a psychiatric hospital in neighboring Blount County, TN with a combined total of 456 beds. It is a member of the Covenant Health system.

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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 (2024)

Revenue Breakdown

Contributions & Grants $1,778,104

Program Service Revenue $464,514,178

Investment Income $296,873

Other Revenue $3,255,794

TOTAL REVENUE $469,844,949

Expense Breakdown

Grants Paid $465,281

Salaries & Benefits $131,061,271

Fundraising Expenses $0

Program Expenses $462,140,704

Other Expenses $337,348,804

TOTAL EXPENSES $468,875,356

Year-over-Year Comparison

	2024	2023	Change
Revenue	$469,844,949	$437,288,615	+0.1%
Expenses	$468,875,356	$437,726,924	+0.1%
Net Income	$969,593	$-438,309	-3.2%

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

2677

Volunteers

102

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

$5,120,028

Total Directors

$3,253,624

Key Employees

$705,600

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Mitchell Dickson MD	Director	0.00	Director	$0	$0	$0
Stephanie Flood	Director	0.00	Director	$0	$0	$964
James Gibson	Director	0.00	Director	$0	$0	$0
Edgar Gray	Director	0.00	Director	$0	$0	$844
Leslye Hartsell	Director	0.00	Director	$0	$0	$1,124
Donald Hickman	Director	0.00	Director	$0	$0	$675
Timothy Matthews	Director	0.00	Director	$0	$0	$657
Janice McKinley	Director	0.00	Director	$0	$0	$0
Cletus McMahon MD	Director	0.00	Director	$0	$0	$0
Dave Miller	Director	0.00	Director	$0	$0	$0
Bill Myers	Director	0.00	Director	$0	$0	$0
Alvin Nance	Director	0.00	Director	$0	$0	$648
Linda Ogle	Director	0.00	Director	$0	$0	$0
King Purnell	Director/Chair	0.00	Officer Director	$0	$0	$935
Jorge Sanabria	Director	0.00	Director	$0	$0	$807
William Seale	Director	0.00	Director	$0	$0	$1,060
Cosby Stone	Director	0.00	Director	$0	$0	$1,113
Joe Sutter	Director	0.00	Director	$0	$0	$881
James Tramontana MD	Director	0.00	Director	$0	$0	$1,086
James D VanderSteeg	President & CEO	0.00	Officer Director	$0	$362,274	$3,242,830
Joseph C Dolan	EVP/CFO	0.00	Officer	$0	$105,608	$967,301
Devan C Johnson	President & CAO	50.00	Officer	$0	$50,375	$612,541
M Scott Hamilton	VP - Financial Services	40.00	Officer	$251,190	$45,231	$296,421
Jacquelyn A Alt	VP - Chief Nursing Officer	50.00	Key Emp	$214,134	$33,376	$302,880
Elizabeth Clary	VP - Behavioral Health	50.00	Key Emp	$215,485	$29,536	$245,021
Colin McRae	VP - Support Services	50.00	Key Emp	$156,987	$712	$157,699
Thomas P Jensen MD	Physician - Behavioral	50.00	Highest	$386,561	$51,536	$438,097
Rajendra T Raman MD	Physician - Behavioral	50.00	Highest	$370,445	$52,925	$423,370
Surendra K Sharma MD	Physician - Behavioral	50.00	Highest	$359,753	$54,740	$414,493
John G Kupfner MD	Physician - Behavioral	50.00	Highest	$358,049	$51,337	$409,386
Shyam P Vuyyuru MD	Physician - Behavioral	50.00	Highest	$344,735	$43,916	$388,651
Michael R Belbeck Jr	Fmr Interim Pres & CAO-PWMC/EVP-Hosp Ops	0.00		$0	$113,223	$1,089,298

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	$469,844,949	$468,875,356	$289,892,165	$969,593
2023	$437,288,615	$437,726,924	$292,118,482	$-438,309
2022	$399,381,923	$407,458,942	$314,311,866	$-8,077,019
2021	$417,785,459	$386,340,842	$331,847,569	$31,444,617
2020	$414,579,394	$366,734,308	$368,608,977	$47,845,086
2019	$389,898,558	$355,421,228	$333,753,120	$34,477,330
2018	$362,201,943	$325,972,901	$264,584,394	$36,229,042

Parkwest Medical Center