South Lake Hospital Inc (EIN 593322533) - 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

1995

Legal Domicile

Phone

3523944071

Tax Period

2023-10-01 to 2024-09-30

South Lake Hospital Inc, founded in 1995, is a major nonprofit in the Health Care sector that reported $437.9M in total revenue in fiscal year 2023. Revenue grew 11% year-over-year, indicating healthy expansion. The organization ran a surplus of $78.6M, a strong 18% operating margin.

Mission

TO IMPROVE THE HEALTH AND QUALITY OF LIFE OF THE INDIVIDUALS AND COMMUNITIES IN SOUTH LAKE COUNTY.

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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 $342,041

Program Service Revenue $427,539,913

Investment Income $7,047,236

Other Revenue $2,994,200

TOTAL REVENUE $437,923,390

Expense Breakdown

Grants Paid $242,011

Salaries & Benefits $159,258,841

Fundraising Expenses $0

Program Expenses $356,999,605

Other Expenses $199,795,413

TOTAL EXPENSES $359,296,265

Year-over-Year Comparison

	2023	2022	Change
Revenue	$437,923,390	$395,895,586	+0.1%
Expenses	$359,296,265	$335,040,644	+0.1%
Net Income	$78,627,125	$60,854,942	+0.3%

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

N/A

Employees

1903

Volunteers

900

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

$4,783,092

Total Directors

$2,621,387

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Amit Varma MD	Board Member, Vice Chairman	2.0	Officer Director	$0	$0	$0
Cary J Dtona	Board Member, Secretary/Treasurer	2.0	Officer Director	$0	$115,173	$949,508
Lance E Sewell	Board Member, Chairman/President	55.0	Officer Director	$0	$129,737	$749,052
Bonnie J Onofre	Board Member until 3/29/24	55.0	Director	$293,365	$25,996	$319,361
Jeffrey Fitch MD	Board Member	2.0	Director	$0	$0	$0
Mahmoud Fuad Bakeer MD	Board Member	55.0	Director	$525,178	$78,288	$603,466
Bernadette Spong	Interim Chief Financial Officer (As of July 2024)	2.0	Officer	$0	$13,667	$810,707
Leslie Flake	Chief Financial Officer (Until July 2024)	2.0	Officer	$0	$174,203	$2,273,825
Bonnie Bennett	Adm, Patient Care	55.0	Highest	$285,292	$30,370	$315,662
Jeanette M Bonstrom	Dir, Pharmacy Services	55.0	Highest	$206,863	$35,851	$242,714
Jennifer Grafton	AVP, OH & CFO, SLH	55.0	Highest	$289,602	$59,287	$348,889
Paul Mark Johns	AVP, OH & COO, SLH	55.0	Highest	$322,093	$45,736	$367,829
Stephanie Stapelfeldt	Sr. Dir, Human Resources	55.0	Highest	$180,089	$47,137	$227,226
John A Moore	Former Board Member, Chairman until 09/2020	0.0		$0	$134,583	$953,386
Lushantha Sajotha Gunasekera MD	Former Board Member (Term End 12/2019)	0.0		$0	$54,770	$1,033,325
Mildred Denise Beam	Former Board Member, Vice-Chair (Term End 12/2019)	0.0		$0	$93,567	$990,573

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	$437,923,390	$359,296,265	$756,345,073	$78,627,125
2023	$395,895,586	$335,040,644	$663,420,162	$60,854,942
2022	$360,908,981	$306,354,983	$652,834,012	$54,553,998
2021	$335,551,523	$277,183,193	$570,107,480	$58,368,330
2020	$294,280,014	$252,567,710	$523,847,395	$41,712,304
2019	$289,676,900	$233,035,215	$427,077,711	$56,641,685
2018	$240,106,340	$206,230,473	$372,279,023	$33,875,867

South Lake Hospital Inc