MEMORIAL HOSPITAL - WEST VOLUSIA INC (EIN 593256803) - 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

1994

Legal Domicile

Principal Officer

ERIC LUNDE

Phone

3869434522

Tax Period

2023-01-01 to 2023-12-31

MEMORIAL HOSPITAL - WEST VOLUSIA INC, founded in 1994, is a major nonprofit in the Health Care sector that reported $250.4M in total revenue in fiscal year 2023. Revenue surged 25% from the prior year, signaling strong growth momentum. The organization ran a surplus of $41.0M, a strong 16% operating margin.

Mission

THE PROVISION OF MEDICAL CARE TO THE COMMUNITY SERVED THROUGH THE OPERATION OF A 170 BED HOSPITAL.

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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 $1,210,902

Program Service Revenue $247,425,561

Investment Income $1,628,851

Other Revenue $170,120

TOTAL REVENUE $250,435,434

Expense Breakdown

Grants Paid $455,123

Salaries & Benefits $73,169,078

Fundraising Expenses $0

Program Expenses $194,693,728

Other Expenses $135,805,228

TOTAL EXPENSES $209,429,429

Year-over-Year Comparison

	2023	2022	Change
Revenue	$250,435,434	$200,841,270	+0.2%
Expenses	$209,429,429	$192,030,772	+0.1%
Net Income	$41,006,005	$8,810,498	+3.7%

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

1463

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

$1,621,677

Total Directors

$7,023,689

Key Employees

$1,163,282

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
OTTATI DAVID	FORMER OFFICER	0.00		$0	$214,123	$2,195,971
GOODMAN TODD	DIRECTOR	0.20	Director	$0	$187,885	$1,783,370
GREGORY PHD AUDREY	DIR/CHAIR/CEO EAST FL DIV.	4.50	Director	$0	$229,438	$1,716,377
CELANO PATRICIA	FORMER KEY EMPLOYEE	0.00		$0	$142,301	$1,295,567
THOMAS DEBORA	FORMER OFFICER	4.50		$0	$108,500	$980,815
PRADO MD MARTIN	DIRECTOR	0.20	Director	$0	$52,550	$884,822
DAVIS BRENT	DIRECTOR/CFO CFN REG (END 11/23)	4.50	Director	$0	$158,702	$884,687
WEIS DAVID	FORMER OFFICER	0.00		$0	$117,174	$812,047
BROWN LORENZO	CEO - W.VOLUSIA MKT	12.50	Officer	$0	$84,997	$776,379
GHOSN C JOSEF	DIRECTOR	0.20	Director	$0	$72,138	$763,096
LUNDE ERIC	DIR/CEO - HOSPITAL FACILITY	50.00	Officer Director	$0	$109,533	$593,058
SCOGGINS MD THOMAS	CMO - HOSPITAL FACILITY	50.00	Key Emp	$0	$99,618	$530,027
HINDS NIGEL	FORMER OFFICER	0.00		$0	$53,861	$527,324
GLASS KYLE	FORMER OFFICER	12.50		$0	$85,915	$504,770
LINDSEY CRAIG	FORMER KEY EMPLOYEE	0.00		$0	$39,601	$414,626
AGUERO SAMUEL	FORMER KEY EMPLOYEE	0.00		$0	$42,994	$348,103
GRIFFITH MD SUE ELLEN	DIRECTOR	0.20	Director	$0	$33,524	$340,957
BEJARANO NICHOLAS	COO - HOSPITAL FACILITY	50.00	Key Emp	$0	$42,022	$324,859
LEBRON MICHELE	CNO - HOSPITAL FACILITY	50.00	Key Emp	$0	$37,144	$308,396
SMITH MD CHRISTOPHER	FORMER KEY EMPLOYEE	0.00		$0	$2,582	$276,612
STEPHAN KELLY	ADMIN SUPERVISOR	50.00	Highest	$230,703	$23,031	$253,734
POTTER ARIEANNA	CFO - HOSPITAL FACILITY	50.00	Officer	$0	$33,150	$252,240
SANCHEZ ANGEL	ADMIN SUPERVISOR	50.00	Highest	$219,396	$30,898	$250,294
TINONAS MARLON	ASST. NURSE MANAGER	50.00	Highest	$190,228	$18,458	$208,686
GUEVAREZ REBECCA	REGISTERED NURSE	50.00	Highest	$198,500	$4,289	$202,789
MERCADO AMBER	REGISTERED NURSE	50.00	Highest	$191,648	$0	$191,648
REINER RICHARD	DIRECTOR (END 12/23)	0.20	Director	$0	$0	$55,572
BOUIE AL	DIRECTOR	0.20	Director	$250	$0	$250
COURTHEYN DOREEN	DIRECTOR	0.20	Director	$250	$0	$250
DIBELLO MD CHRISTOPHER	DIRECTOR/CHIEF OF STAFF	0.20	Director	$250	$0	$250
FLOWERS W BEN	DIRECTOR	0.20	Director	$250	$0	$250
HAGSTROM LORNA JEAN	DIRECTOR	0.20	Director	$250	$0	$250
WEINER DO TRACY	DIRECTOR	0.20	Director	$250	$0	$250
WOODS MICHAEL	DIRECTOR	0.20	Director	$250	$0	$250

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
2023	$250,435,434	$209,429,429	$246,840,923	$41,006,005
2022	$200,841,270	$192,030,772	$198,633,400	$8,810,498
2021	$202,168,813	$190,338,832	$228,877,865	$11,829,981
2020	$170,709,403	$160,904,111	$214,612,374	$9,805,292
2019	$174,816,784	$160,377,978	$185,295,976	$14,438,806
2018	$165,642,911	$156,227,638	$160,610,870	$9,415,273

MEMORIAL HOSPITAL - WEST VOLUSIA INC