Mariners Hospital Inc (EIN 591987355) - 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

Phone

7866627000

Tax Period

2023-10-01 to 2024-09-30

Mariners Hospital Inc, founded in 1979, is a major nonprofit in the Health Care sector that reported $120.1M in total revenue in fiscal year 2023. Revenue grew 14% year-over-year, indicating healthy expansion. The organization ran a surplus of $20.3M, a strong 17% operating margin.

Mission

SEE FORM 990, Part III, Line 1

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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 $2,257,983

Program Service Revenue $116,728,962

Investment Income $-29,655

Other Revenue $1,181,046

TOTAL REVENUE $120,138,336

Expense Breakdown

Grants Paid $5,000

Salaries & Benefits $26,405,899

Fundraising Expenses $0

Program Expenses $87,869,272

Other Expenses $73,422,069

TOTAL EXPENSES $99,832,968

Year-over-Year Comparison

	2023	2022	Change
Revenue	$120,138,336	$105,129,826	+0.1%
Expenses	$99,832,968	$85,498,282	+0.2%
Net Income	$20,305,368	$19,631,544	+0.0%

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

291

Volunteers

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

$1,472,643

Total Directors

$17,129

Key Employees

$768,401

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Audra Hill Wallace	Director	2.0	Director	$0	$0	$8,879
Bette Brown	Director	2.0	Director	$0	$0	$0
Cale Smith	Director	2.0	Director	$0	$0	$0
Jay A Hershoff ESQ	Chairman	2.0	Director	$0	$0	$1,844
Joy C Martin	Director	2.0	Director	$0	$0	$0
Kate Deloach	Director	2.0	Director	$0	$0	$0
Patricia Davidson	Director - End 09/2024	2.0	Director	$0	$0	$0
Patricia Stanley	Director - Beg 10/2023	2.0	Director	$0	$0	$0
Sally Bauer MD	Director	2.0	Director	$0	$0	$0
Stanley Margulies MD	Director	2.0	Director	$0	$0	$6,406
William H Gilbert JR	Director	2.0	Director	$0	$0	$0
Drew A Grossman	CEO	30.0	Officer	$0	$136,842	$729,453
Edward G Shashaty	VP Finance Hospital Operations	3.0	Officer	$0	$136,725	$743,190
Candy Fincke	VP	30.0	Key Emp	$332,137	$62,517	$394,654
Ronald Burke	VP Nursing	30.0	Key Emp	$313,868	$59,879	$373,747
Dawn M Hire	AVP Nursing	45.0	Highest	$213,650	$36,509	$250,159
Deborah J Barrow	Director Pharmacy - End 10/1/2023	45.0	Highest	$253,380	$25,675	$279,055
Melanie M O'Neill	Director Nursing Services	45.0	Highest	$188,617	$35,801	$224,418
Rosa M Sanchez	Director Nursing Services	45.0	Highest	$183,726	$29,107	$212,833
Sharon L Detweiler	Director Surgical Services	45.0	Highest	$202,757	$42,283	$245,040

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	$120,138,336	$99,832,968	$62,060,302	$20,305,368
2023	$105,129,826	$85,498,282	$55,890,133	$19,631,544
2022	$98,470,208	$83,877,314	$51,497,781	$14,592,894
2021	$113,328,759	$84,854,117	$48,033,960	$28,474,642
2020	$93,123,819	$78,598,732	$46,883,081	$14,525,087
2019	$93,229,967	$75,798,481	$42,371,585	$17,431,486
2018	$86,981,990	$75,678,798	$40,094,028	$11,303,192

Mariners Hospital Inc