HARRISON MEMORIAL HOSPITAL INC (EIN 610420440) - 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

1906

Legal Domicile

Principal Officer

KATHY TUSSEY

Phone

8592353502

Tax Period

2023-10-01 to 2024-09-30

HARRISON MEMORIAL HOSPITAL INC, founded in 1906, is a major nonprofit in the Health Care sector that reported $102.4M in total revenue in fiscal year 2023. Revenue grew 17% year-over-year, indicating healthy expansion.

Mission

HARRISON MEMORIAL HOSPITAL EXISTS FOR THE PURPOSE OF PROVIDING HIGH QUALITY HEALTH AND MEDICAL CARE SERVICES TO THE PEOPLE OF HARRISON AND SURROUNDING COUNTIES OF OUT REGION WITHIN THE CAPABILITIES OF OUR RESOURCES. IN FULFILLING THIS MISSION, WE STRIVE FOR EXCELLENCE IN: THE CARE WE DELIVER; IN PATIENT SAFETY; IN THE FACILITIES WE PROVIDE; IN THE RECRUITMENT, RETENTION, AND DEVELOPMENT OF DEDICATED PHYSICIANS AND PERSONNEL; IN FACILITATING, COORDINATING AND PROVIDING ACCESS TO GENERAL AND SPECIALIZED HEALTH SERVICES THROUGH OUR OWN RESOURCES AND IN COLLABORATION WITH THE RESOURCES OF OTHERS.

🔒

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 (2023)

Revenue Breakdown

Contributions & Grants $952,862

Program Service Revenue $90,639,607

Investment Income $54,239

Other Revenue $10,781,893

TOTAL REVENUE $102,428,601

Expense Breakdown

Grants Paid $111,310

Salaries & Benefits $50,114,581

Fundraising Expenses $0

Program Expenses $91,260,036

Other Expenses $51,656,864

TOTAL EXPENSES $101,882,755

Year-over-Year Comparison

	2023	2022	Change
Revenue	$102,428,601	$87,548,131	+0.2%
Expenses	$101,882,755	$83,288,502	+0.2%
Net Income	$545,846	$4,259,629	-0.9%

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

762

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

$834,727

Total Directors

$331,566

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
TODD BRADEN REID MD	CHIEF OF STAFF (END 12/2023)	40.00	Director	$305,011	$26,555	$331,566
HARLAND HATTER	CHAIRMAN	1.00	Director	$0	$0	$0
WAYNE CONNOR	CHAIRMAN-ELECT	1.00	Director	$0	$0	$0
JACQUELINE BURRELL	DIRECTOR	1.00	Director	$0	$0	$0
JAMES CALDER MD	DIRECTOR/CHIEF OF STAFF (BEG 01/2024)	40.00	Director	$0	$0	$0
GREGORY WILLS	DIRECTOR (END 12/2023)	1.00	Director	$0	$0	$0
PATRICK DARNELL	DIRECTOR	1.00	Director	$0	$0	$0
MARIBETH MIDDEN	DIRECTOR	1.00	Director	$0	$0	$0
JANELLE GARDENER-COX	DIRECTOR	1.00	Director	$0	$0	$0
ANGELA GRAY	DIRECTOR	1.00	Director	$0	$0	$0
DAVID CASE	DIRECTOR (BEG 01/2024)	1.00	Director	$0	$0	$0
DOUGLAS DARBO	DIRECTOR (BEG 01/2024)	1.00	Director	$0	$0	$0
BRETT HINES OD	DIRECTOR (BEG 01/2024)	1.00	Director	$0	$0	$0
DR STEPHEN TOADVINE	CEO/SECRETARY (END 06/2024)	40.00	Officer	$358,758	$50,195	$408,953
PEGGY LAIR	CFO/TREASURER	40.00	Officer	$179,205	$23,118	$202,323
NICK WILEY	COO (BEG 09/2024)	40.00	Officer	$0	$0	$0
KATHY TUSSEY	CEO (BEG 06/2024)	40.00	Officer	$182,277	$41,174	$223,451
DR MATTHEW K SHOTWELL	CARDIOLOGY PHYSICIAN	40.00	Highest	$2,096,774	$31,114	$2,127,888
DR SRINADH ANNANGI	PULMONOLOGY PHYSICIAN	40.00	Highest	$545,018	$29,241	$574,259
DR MARIA ALEJAN PAVEZ	NEUROLOGY PHYSICIAN	40.00	Highest	$456,230	$80,195	$536,425
DR JENNIFER CANAN	OB/GYN PHYSICIAN	40.00	Highest	$457,007	$47,714	$504,721
DR DEREK CLARKE	OB/GYN PHYSICIAN	40.00	Highest	$431,495	$47,731	$479,226

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	$102,428,601	$101,882,755	$82,712,482	$545,846
2023	$87,548,131	$83,288,502	$81,037,572	$4,259,629
2022	$73,818,873	$73,056,836	$73,787,957	$762,037
2021	$76,979,418	$72,061,791	$84,559,836	$4,917,627
2020	$70,143,142	$64,415,206	$81,624,287	$5,727,936
2019	$63,612,785	$63,796,479	$67,069,140	$-183,694
2018	$61,663,118	$61,235,082	$66,723,791	$428,036

HARRISON MEMORIAL HOSPITAL INC