Piedmont Athens Regional Medical Center Inc (EIN 582179986) - 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

1987

Legal Domicile

Phone

7064757000

Tax Period

2024-07-01 to 2025-06-30

Piedmont Athens Regional Medical Center Inc, founded in 1987, is a large national nonprofit in the Health Care sector that reported $1.0B in total revenue in fiscal year 2024. Revenue grew 15% year-over-year, indicating healthy expansion. Expenses of $877.1M left a modest 14% surplus.

Mission

PROVISION OF HEALTHCARE SERVICES.

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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 $0

Program Service Revenue $1,018,029,936

Investment Income $-5,570

Other Revenue $-3,102,585

TOTAL REVENUE $1,014,921,781

Expense Breakdown

Grants Paid $589,356

Salaries & Benefits $336,127,469

Fundraising Expenses $0

Program Expenses $819,179,879

Other Expenses $540,337,549

TOTAL EXPENSES $877,054,374

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,014,921,781	$885,732,357	+0.1%
Expenses	$877,054,374	$770,396,678	+0.1%
Net Income	$137,867,407	$115,335,679	+0.2%

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

3801

Volunteers

700

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

$4,172,407

Total Directors

$8,052,557

Key Employees

$903,172

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MR J MICHAEL BURNETT	CEO	47.0	Officer Director	$1,225,208	$49,250	$1,274,458
MS CHERYL LEGETTE	BOARD MEMBER/CHAIR	1.0	Officer Director	$0	$0	$0
DR CAROLANN EISENHART	BOARD MEMBER	1.0	Director	$11,100	$0	$11,100
DR CHRIS BOSTDORFF	BOARD MEMBER	1.0	Director	$7,200	$0	$7,200
DR DAVID SAILORS	BOARD MEMBER	1.0	Director	$0	$0	$25,908
DR KARL BARNETT	BOARD MEMBER	1.0	Director	$0	$0	$0
DR KELLY GROW	BOARD MEMBER	1.0	Director	$33,158	$0	$33,158
DR ROBERT SINYARD	BOARD MEMBER	1.0	Director	$0	$0	$0
DR SAMUEL K THOMASON	BOARD MEMBER	1.0	Director	$0	$0	$0
MR KEVIN BROWN	BOARD MEMBER & CEO, PHC	1.0	Director	$0	$49,250	$4,428,574
MR LENZY REID	BOARD MEMBER	1.0	Director	$0	$0	$0
MR MICHAEL MANDL	BOARD MEMBER	1.0	Director	$0	$36,308	$2,272,159
MR NEIL STEVENS	BOARD MEMBER	1.0	Director	$0	$0	$0
MR PETER SHEDD	BOARD MEMBER	1.0	Director	$0	$0	$0
MR PHILIP BETTENDORF	BOARD MEMBER/VICE CHAIR	1.0	Director	$0	$0	$0
MR ROSWELL LAWRENCE JR	BOARD MEMBER	1.0	Director	$0	$0	$0
MR TONY TOWNLEY	BOARD MEMBER	1.0	Director	$0	$0	$0
MS HELEN MILLS	BOARD MEMBER	1.0	Director	$0	$0	$0
MS JONELLE SIMPSON	BOARD MEMBER	1.0	Director	$0	$0	$0
MR THOMAS ARNOLD	TREASURER/CFO PHC	1.0	Officer	$0	$46,787	$1,518,663
MS ELIZABETH LEDDY	SECRETARY/CLO PHC	1.0	Officer	$0	$44,325	$1,379,286
MR JASON G SMITH	COO	55.0	Key Emp	$446,770	$38,904	$485,674
MR JUSTIN ROBERTS	CFO	50.0	Key Emp	$381,857	$35,641	$417,498
DR ADAM MARX	CMO	40.0	Highest	$527,438	$44,005	$571,443
DR BASILIO ADDO	PHYSICIAN	40.0	Highest	$509,840	$49,000	$558,840
DR CATHERINE APPIAH-PIPPIM	FACULTY PROGRAM DIRECTOR	39.0	Highest	$366,215	$39,826	$406,041
DR DOMINIC AMAKYE	PHYSICIAN	40.0	Highest	$370,065	$40,010	$410,075
DR NJIKA ATEMNKENG	PHYSICIAN	40.0	Highest	$372,253	$48,578	$420,831

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	$1,014,921,781	$877,054,374	$580,926,387	$137,867,407
2024	No data	No data	No data	No data
2023	$774,002,893	$684,307,461	$638,876,498	$89,695,432
2022	$694,294,485	$599,463,130	$698,560,187	$94,831,355
2021	$586,558,385	$520,977,482	$481,881,509	$65,580,903
2020	$502,152,951	$491,937,131	$420,292,220	$10,215,820
2019	$517,075,303	$538,228,109	$397,504,662	$-21,152,806
2018	$505,665,280	$471,283,910	$449,453,423	$34,381,370

Piedmont Athens Regional Medical Center Inc