TALLAHASSEE MEMORIAL HEALTHCARE INC (EIN 591917016) - 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

1979

Legal Domicile

Principal Officer

PRISCILLA NEEDHAM CFO

Phone

8504315238

Tax Period

2023-10-01 to 2024-09-30

TALLAHASSEE MEMORIAL HEALTHCARE INC, founded in 1979, is a large national nonprofit in the Health Care sector that reported $1.1B in total revenue in fiscal year 2023. Revenue grew 13% year-over-year, indicating healthy expansion.

Mission

TALLAHASSEE MEMORIAL HEALTHCARE, INC. IS A PRIVATE 772-BED, COMMUNITY HEALTHCARE SYSTEM THAT PROVIDES CHARITABLE, COMPASSIONATE, LEADING-EDGE, PATIENT-CENTERED HEALTH CARE.

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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 $2,904,503

Program Service Revenue $1,051,708,541

Investment Income $17,532,392

Other Revenue $8,567,884

TOTAL REVENUE $1,080,713,320

Expense Breakdown

Grants Paid $515,118

Salaries & Benefits $436,515,048

Fundraising Expenses $0

Program Expenses $905,447,066

Other Expenses $611,563,897

TOTAL EXPENSES $1,048,594,063

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,080,713,320	$955,785,835	+0.1%
Expenses	$1,048,594,063	$976,356,849	+0.1%
Net Income	$32,119,257	$-20,571,014	-2.6%

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

7771

Volunteers

694

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

$3,917,757

Total Directors

$3,123,178

Key Employees

$861,267

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
G MARK O'BRYANT	EX-OFFICIO DIRECTOR & CEO	53.0	Officer Director	$2,752,176	$371,002	$3,123,178
OVIDIU MARINA MD	RADIATION ONCOLOGIST	55.0	Highest	$1,155,397	$41,278	$1,196,675
WILLIAM DOBAK MD	MATERNAL/FETAL MEDICINE	55.0	Highest	$1,077,510	$41,475	$1,118,985
GEORGE PENNINGTON II MD	GENERAL SURGEON	55.0	Highest	$965,895	$41,475	$1,007,370
MITCHELL PEABODY MD	HEMATOLOGIST/ONCOLOGIST	55.0	Highest	$906,227	$40,843	$947,070
JEFFREY CROOMS MD	GENERAL SURGEON	55.0	Highest	$924,146	$6,025	$930,171
WILLIAM GUIDICE	FORMER VP/CFO	0.0		$705,117	$27,854	$732,971
PRISCILLA NEEDHAM	VP/CFO	54.0	Officer	$479,355	$13,610	$492,965
ANDREW STARR	CHIEF HEALTH OPS OFFICER	55.0	Key Emp	$397,957	$59,357	$457,314
RYAN SMITH	CHIEF CLINICAL OFFICER/CNO/VP	55.0	Key Emp	$353,553	$50,400	$403,953
NIGEL ALLEN	CHIEF ADVANCEMENT OFFICER/VP	55.0	Officer	$254,566	$47,048	$301,614
SALLY BRADSHAW	CHAIR-ELECT	2.0	Officer Director	$0	$0	$0
JAMES KILLIUS MD	SECRETARY	2.0	Officer Director	$0	$0	$0
ERMAN MURRAY JR	CHAIR	2.0	Officer Director	$0	$0	$0
CLAUDE WALKER	TREASURER	2.0	Officer Director	$0	$0	$0
AJ BRICKLER MD	DIRECTOR	1.5	Director	$0	$0	$0
JOEDRECKA BROWN SPEIGHTS MD	DIRECTOR	1.5	Director	$0	$0	$0
CARLOS CAMPO MD	DIRECTOR	1.5	Director	$0	$0	$0
BETH CORUM	DIRECTOR	1.5	Director	$0	$0	$0
ANDREW GAY	DIRECTOR	1.5	Director	$0	$0	$0
ALLISON HARRELL	DIRECTOR	1.5	Director	$0	$0	$0
THOMAS NOEL MD	DIRECTOR	1.5	Director	$0	$0	$0
CISSY PROCTOR	DIRECTOR	1.5	Director	$0	$0	$0
KATRINA ROLLE	DIRECTOR	1.5	Director	$0	$0	$0
JAMES TOTTEN MD	DIRECTOR	1.5	Director	$0	$0	$0
HUGH VANLANDINGHAM MD	DIRECTOR	1.5	Director	$0	$0	$0
KATHLEEN BROTHERS	EX-OFFICIO DIRECTOR	1.0	Director	$0	$0	$0
CLAIRE HARRISON	EX-OFFICIO DIRECTOR	1.0	Director	$0	$0	$0
BILL E WERTMAN	EX-OFFICIO DIRECTOR	1.0	Director	$0	$0	$0
MARK WHEELER MD	EX-OFFICIO DIRECTOR	1.0	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	$1,080,713,320	$1,048,594,063	$1,151,040,007	$32,119,257
2023	$872,674,880	$893,245,894	$1,079,382,336	$-20,571,014
2022	$837,458,872	$842,832,617	$1,094,977,840	$-5,373,745
2021	$783,859,263	$765,985,427	$1,130,180,703	$17,873,836
2020	$704,494,918	$718,606,284	$1,043,128,439	$-14,111,366
2019	$705,262,777	$698,655,227	$991,316,249	$6,607,550
2018	$840,648,324	$789,650,582	$1,056,902,686	$50,997,742

TALLAHASSEE MEMORIAL HEALTHCARE INC