FLOYD HEALTHCARE MANAGEMENT INC (EIN 581973570) - 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

KURT STUENKEL

Phone

7065096074

Tax Period

2023-01-01 to 2023-12-31

FLOYD HEALTHCARE MANAGEMENT INC, founded in 1990, is a major nonprofit in the Health Care sector that reported $652.8M in total revenue in fiscal year 2023. Revenue decreased 5% compared to the prior year.

Mission

TO IMPROVE HEALTH, ELEVATE HOPE, AND ADVANCE HEALING - FOR ALL.

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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 $401,471

Program Service Revenue $642,709,373

Investment Income $5,256,499

Other Revenue $4,394,143

TOTAL REVENUE $652,761,486

Expense Breakdown

Grants Paid $3,361,529

Salaries & Benefits $351,409,113

Fundraising Expenses $0

Program Expenses $547,383,330

Other Expenses $326,819,037

TOTAL EXPENSES $681,589,679

Year-over-Year Comparison

	2023	2022	Change
Revenue	$652,761,486	$689,398,511	-0.1%
Expenses	$681,589,679	$675,916,522	+0.0%
Net Income	$-28,828,193	$13,481,989	-3.1%

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

4530

Volunteers

200

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

$2,846,652

Total Directors

$6,807,062

Key Employees

$5,808,220

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KEN HAYNES	DIRECTOR	1.00	Director	$0	$440,667	$3,434,494
KURT STUENKEL	EX-OFFICIO DIR, PRES/SEC/CEO	36.00	Officer Director	$0	$52,834	$1,697,674
CHAD J BECK MD	PHYSICIAN	40.00	Highest	$800,723	$65,348	$866,071
KENNETH JONES JR MD	SVP & CMO	40.00	Key Emp	$777,484	$66,438	$843,922
THOMAS MANNING	CORP COUNSEL & SEC	39.00	Officer	$628,131	$68,936	$697,067
JEFFREY D BUDA	CH INFO OFF	40.00	Key Emp	$550,354	$68,390	$618,744
SHEILA BENNETT	SVP CHIEF OF PATIENT SVCS	40.00	Key Emp	$588,138	$20,800	$608,938
WARRNEN SONNY RIGAS	FORMER OFFICER (6/22)	0.00		$605,078	$0	$605,078
MATTHEW GORMAN	VP CORP/NTWRK SVC	1.00	Key Emp	$529,752	$66,028	$595,780
KRIS SHEPARD	DIRECTOR (TO 6/30/23)	1.00	Director	$519,242	$75,943	$595,185
JOEL JAGER MD	PHYSICIAN	40.00	Highest	$495,785	$64,304	$560,089
SAMUEL QUAYNOR MD	PHYSICIAN	40.00	Highest	$513,025	$43,927	$556,952
MATTHEW CORNFORTH MD	PHYSICIAN	40.00	Highest	$523,345	$27,422	$550,767
BRIDGETTE DINGLE MD	PHYSICIAN	40.00	Highest	$472,577	$63,786	$536,363
KEERTHY KRISHNAMANI	EXEC MED DIRECTOR	40.00	Key Emp	$501,210	$28,880	$530,090
RICHARD CHILDS	VP REV CYCLE MGT	40.00	Key Emp	$421,578	$49,551	$471,129
E CLARICE CABLE	FORMER OFFICER (6/22)	0.00		$408,476	$51,339	$459,815
SHANNON JOE VAUGHN MD	DIRECTOR	1.00	Director	$399,285	$59,566	$458,851
PHILIP WHEELER	CFO	37.00	Officer	$413,816	$38,095	$451,911
TAUNYA FAULKNER	VP PERF IMPROV	40.00	Key Emp	$387,986	$60,127	$448,113
BETH BRADFORD	CH HR OFF	40.00	Key Emp	$399,375	$0	$399,375
DAVID EARLY	DIRECTOR SPRT SVC	40.00	Key Emp	$372,750	$0	$372,750
ROBERT HOLCOMBE JR MD	DIRECTOR	40.00	Director	$288,523	$47,252	$335,775
TIFANI KINARD	VP RURAL HEALTH	40.00	Key Emp	$276,128	$41,160	$317,288
CHARMAINE THOMAS	VP BH & RISK MGMT	40.00	Key Emp	$276,312	$28,734	$305,046
AIMEE GRIFFIN	VP PROF SVCS	40.00	Key Emp	$246,792	$50,253	$297,045
JAMES COLLINS JR MD	DIRECTOR	40.00	Director	$204,731	$40,402	$245,133
KAY CHUMBLER	VICE CHAIR (TO 6/30/23)	1.00	Director	$2,500	$0	$9,375
GEORGE A BOSWORTH MD	DIRECTOR	1.00	Director	$1,750	$0	$7,000
DAVID JOHNSON	DIRECTOR	1.00	Director	$0	$0	$5,350
W DAVID NEWBY	DIRECTOR	1.00	Director	$0	$0	$4,850
CARL J HERRING MD	CHAIR	1.00	Director	$0	$0	$4,625
TODD BUSSEY	DIRECTOR	1.00	Director	$2,250	$0	$4,500
GARRY FRICKS	DIRECTOR	1.00	Director	$0	$0	$3,000
FRANK SHELLEY	DIRECTOR (TO 6/30/23)	1.00	Director	$750	$0	$1,250
CHRISTOPHER PILLER MD	DIRECTOR	1.00	Director	$0	$0	$0
FRANK STEGALL JR MD	DIRECTOR	1.00	Director	$0	$0	$0
MARK MANIS	DIRECTOR	1.00	Director	$0	$0	$0
RHONDA WALLACE	DIRECTOR	1.00	Director	$0	$0	$0
WRIGHT BAGBY JR	DIRECTOR	1.00	Director	$0	$0	$0

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	$652,761,486	$681,589,679	$738,599,515	$-28,828,193
2022	$689,398,511	$675,916,522	$718,771,073	$13,481,989
2021	$261,011,061	$336,272,925	$745,543,952	$-75,261,864
2021	$501,302,033	$461,658,787	$548,593,704	$39,643,246
2020	$442,201,106	$436,386,252	$474,932,938	$5,814,854
2019	$446,153,151	$433,006,139	$441,873,119	$13,147,012
2018	$403,505,244	$405,258,442	$431,732,086	$-1,753,198

FLOYD HEALTHCARE MANAGEMENT INC