Piedmont Newton Hospital Inc (EIN 582155150) - 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

1995

Legal Domicile

Phone

7707867053

Tax Period

2023-07-01 to 2024-06-30

Piedmont Newton Hospital Inc, founded in 1995, is a major nonprofit in the Health Care sector that reported $239.2M in total revenue in fiscal year 2023. Revenue surged 27% from the prior year, signaling strong growth momentum. The organization ran a surplus of $36.7M, a strong 15% operating margin.

Mission

TO PROVIDE COMPASSIONATE AND SUSTAINABLE HEALTHCARE IN A PROGRESSIVE ENVIRONMENT.

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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 $41,558

Program Service Revenue $238,009,777

Investment Income $-13,678

Other Revenue $1,139,848

TOTAL REVENUE $239,177,505

Expense Breakdown

Grants Paid $0

Salaries & Benefits $71,323,664

Fundraising Expenses $0

Program Expenses $179,360,034

Other Expenses $131,160,230

TOTAL EXPENSES $202,483,894

Year-over-Year Comparison

	2023	2022	Change
Revenue	$239,177,505	$188,376,017	+0.3%
Expenses	$202,483,894	$176,486,321	+0.1%
Net Income	$36,693,611	$11,889,696	+2.1%

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

938

Volunteers

175

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

$3,279,378

Total Directors

$3,309,852

Key Employees

$563,258

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DR NORRIS LITTLE	CMO/BOARD MEMBER	55.0	Officer Director	$523,440	$37,699	$561,139
MS LINDSEY PETRINI	CEO & BOARD MEMBER	55.0	Officer Director	$202,687	$3,071	$205,758
DR BRAD JACOBY	BOARD MEMBER	1.0	Director	$0	$0	$0
DR LEIGH HAMBY	BOARD MEMBER	1.0	Director	$0	$37,793	$1,384,190
DR STEVEN MCINTOSH	BOARD MEMBER	1.0	Director	$0	$0	$0
DR TAMEKA WALKER-BLAKE	BOARD MEMBER	1.0	Director	$0	$0	$0
DR TIMOTHY PARK	BOARD MEMBER	1.0	Director	$0	$0	$0
MR DAN MURPHY	BOARD MEMBER	1.0	Director	$0	$0	$0
MR GREG HERRING	BOARD MEMBER	1.0	Director	$0	$0	$0
MR J MICHAEL BURNETT	BOARD MEMBER	1.0	Director	$0	$44,832	$1,158,765
MS DEBRA LARRY	BOARD MEMBER	1.0	Director	$0	$0	$0
MS SERRA HALL	BOARD MEMBER	1.0	Director	$0	$0	$0
REV DR ERIC WENDELL LEE SR	BOARD MEMBER	1.0	Director	$0	$0	$0
MR THOMAS ARNOLD	TREASURER/CFO PHC	1.0	Officer	$0	$39,510	$1,307,608
MS ELIZABETH LEDDY	SECRETARY/CLO PHC	1.0	Officer	$0	$40,350	$1,204,873
MR JUSTIN ROBERTS	CFO (UNTIL 9/2023)	18.0	Key Emp	$82,682	$33,128	$348,939
MS LORI MORRIS	CFO (AS OF 9/2023)	25.0	Key Emp	$42,228	$20,745	$214,319
MR THEODORE HSU	STAFF PHARMACIST	40.0	Highest	$173,003	$18,056	$191,059
MR WILLIAM LOVE	EXEC. DIR. PATIENT SVCS	40.0	Highest	$234,388	$13,555	$247,943
MS ELIZABETH MURDOCK	CNO	40.0	Highest	$220,596	$29,409	$250,005
MS LEIGH WILSON	DIRECTOR - PHARMACY	40.0	Highest	$203,594	$24,435	$228,029
MS MEGAN SMITH	MGR. CLINICAL PHARMACY	40.0	Highest	$170,135	$30,299	$200,434

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
2025	No data	No data	No data	No data
2024	$239,177,505	$202,483,894	$66,775,814	$36,693,611
2023	$188,376,017	$176,486,321	$74,470,501	$11,889,696
2022	$175,594,483	$167,321,476	$82,512,946	$8,273,007
2021	$153,698,099	$137,537,692	$56,184,698	$16,160,407
2020	$112,744,781	$115,261,457	$54,190,794	$-2,516,676
2019	$115,736,746	$108,411,274	$59,120,561	$7,325,472
2018	$103,443,460	$115,768,331	$48,127,698	$-12,324,871

Piedmont Newton Hospital Inc