HOLMES REGIONAL MEDICAL CENTER INC (EIN 590624371) - Form 990 Financial Analysis & Trantor Score

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

1931

Legal Domicile

Principal Officer

TAYLOR K SMITH

Phone

3214345150

Tax Period

2022-10-01 to 2023-09-30

HOLMES REGIONAL MEDICAL CENTER INC, founded in 1931, is a major nonprofit in the Health Care sector that reported $864.6M in total revenue in fiscal year 2022. Expenses of $818.9M left a modest 5% surplus.

Mission

OUR TEAM IMPROVING THE WELLNESS AND HEALTH OF YOU AND YOUR FAMILY THROUGH EXCELLENT AND COMPASSIONATE HEALTH CARE.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2022)

Revenue Breakdown

Contributions & Grants $1,077,610

Program Service Revenue $855,413,959

Investment Income $3,868,872

Other Revenue $4,212,440

TOTAL REVENUE $864,572,881

Expense Breakdown

Grants Paid $287,519

Salaries & Benefits $365,830,686

Fundraising Expenses $0

Program Expenses $699,069,080

Other Expenses $452,827,613

TOTAL EXPENSES $818,945,818

Year-over-Year Comparison

	2022	2021	Change
Revenue	$864,572,881	$817,212,449	+0.1%
Expenses	$818,945,818	$766,680,367	+0.1%
Net Income	$45,627,063	$50,532,082	-0.1%

Key Indicators

✓ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

N/A

Volunteers

540

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

$5,526,681

Total Directors

$3,130,274

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
STEVEN P JOHNSON	PRESIDENT/CEO HFI (END 2/2023)	8.00	Officer Director	$0	$25,072	$2,208,499
BRETT A ESROCK	EXEC VP CFO/COO (BEG 1/2023)	8.00	Officer Director	$0	$26,499	$761,751
TAYLOR K SMITH	INTERM CEO HFI (BEG 2/2023)/CHAIR	8.00	Officer Director	$0	$0	$61,634
JAMES C SHAW	VICE CHAIR	1.00	Officer Director	$0	$0	$25,837
JOSEPH GURRI MD	TRUSTEE	1.00	Director	$0	$0	$20,735
DANA S KILBORNE	TREASURER	1.00	Officer Director	$0	$0	$18,000
LARRY S BISHOP MD	TRUSTEE (BEG 10/2021)	1.00	Director	$0	$0	$13,559
ROBERT K HENRY	SECRETARY	1.00	Officer Director	$0	$0	$12,368
ALAN L PRESTWOOD	TRUSTEE	1.00	Director	$0	$0	$7,891
SCOTT T MIKUEN	TRUSTEE	1.00	Officer Director	$0	$0	$0
ANTHONY TRAN MD	TRUSTEE	1.00	Director	$0	$0	$0
TAMER AHMED MD	TRUSTEE	1.00	Director	$0	$0	$0
KIM K PATRICK	TRUSTEE (BEG 10/2021)	1.00	Director	$0	$0	$0
ADAM FIER DO	TRUSTEE (END 10/2022)	1.00	Director	$0	$0	$0
MICHAEL A SCIALDONE	EVP/CFO HFI (END 1/2023)	8.00	Officer	$0	$21,100	$917,976
NICHOLAS W ROMANELLO ESQ	ASSISTANT SECRETARY	8.00	Officer	$0	$29,300	$765,983
JEFFREY C STALNAKER MD	SR VP CCO/INTERIM CEO HOSPITAL (BEG 1/1/23)	8.00	Officer	$0	$24,632	$754,633
MICHAEL J MCLAUGHLIN	VP MED AFFAIRS HRMC	40.00	Highest	$0	$26,448	$497,250
BRIAN R BOGGS	VP MED AFFAIRS COMM HOSP	40.00	Highest	$0	$28,634	$403,430
ANGELICA M RASTEGARLARI	HOSPITAL ADMINISTRATOR HRM	40.00	Highest	$0	$23,679	$403,273
PAULA ABRAHAO	PHYSICIAN ADVISOR	40.00	Highest	$0	$24,055	$355,820
ELIZABETH BORRERO	PHYSICIAN ADVISOR	40.00	Highest	$0	$12,829	$347,755
JAMES S MITCHELL III	FORMER EXEC VP/COO HFI (END 9/2020)	0.00		$0	$5,007	$330,404
MARTIN W ISENMAN MD	FORMER TRUSTEE (END 9/2021	0.00		$0	$0	$19,132
JOHN F BREITFELLER	FORMER VICE CHAIR (END 9/2	0.00		$0	$0	$14,356
DALE A DETTMER ESQ	FORMER TRUSTEE (END 9/2019	0.00		$0	$0	$13,968
PAMELA A GATTO	FORMER TRUSTEE (END 9/2021	0.00		$0	$0	$11,172

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
2024	No data	No data	No data	No data
2023	$864,572,881	$818,945,818	$949,988,447	$45,627,063
2022	$817,212,449	$766,680,367	$935,688,661	$50,532,082
2021	$776,752,725	$681,566,852	$903,830,612	$95,185,873
2020	$676,432,078	$649,829,805	$836,033,476	$26,602,273
2019	$703,877,555	$644,790,457	$843,097,274	$59,087,098
2018	$672,422,433	$606,001,681	$830,700,976	$66,420,752

HOLMES REGIONAL MEDICAL CENTER INC