PIKEVILLE MEDICAL CENTER INC (EIN 610458376) - 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

1923

Legal Domicile

Principal Officer

WILLIAM D BLACKBURN

Phone

6064303501

Tax Period

2023-10-01 to 2024-09-30

PIKEVILLE MEDICAL CENTER INC, founded in 1923, is a major nonprofit in the Health Care sector that reported $688.9M in total revenue in fiscal year 2023.

Mission

THE CENTER'S MISSION IS TO ADVANCE THE HEALTH AND WELL-BEING OF OUR REGION THROUGH COMPREHENSIVE CARE IN A CHRISTIAN ENVIRONMENT.

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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 $5,255,828

Program Service Revenue $632,843,410

Investment Income $10,083,242

Other Revenue $40,726,060

TOTAL REVENUE $688,908,540

Expense Breakdown

Grants Paid $384,536

Salaries & Benefits $355,111,083

Fundraising Expenses $0

Program Expenses $588,236,749

Other Expenses $313,233,812

TOTAL EXPENSES $668,729,431

Year-over-Year Comparison

	2023	2022	Change
Revenue	$688,908,540	$652,780,410	+0.1%
Expenses	$668,729,431	$623,251,924	+0.1%
Net Income	$20,179,109	$29,528,486	-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

Employees

4001

Volunteers

191

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

$1,784,226

Total Directors

$4,453,570

Key Employees

$2,256,696

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
RONALD BURCHETT	BOARD VICE-CHAIR	7.00	Officer Director	$24,227	$0	$24,227
WILLIAM D BLACKBURN	BOARD CHAIR/PRESIDENT/CEO	40.00	Officer Director	$1,137,244	$50,061	$1,187,305
JOE DEAN ANDERSON	BOARD SECRETARY/TREASURER	4.00	Officer Director	$23,000	$0	$23,000
DAVID COLLINS CPA	BOARD MEMBER	4.00	Director	$23,000	$0	$23,000
JOHN LABRECHE	BOARD MEMBER	5.00	Director	$23,000	$0	$23,000
JULIUS CLINTON MARTIN II	BOARD MEMBER	4.00	Director	$23,000	$0	$23,000
MARY SIMPSON PHD	BOARD MEMBER	3.00	Director	$23,000	$0	$23,000
JYOTHI METTU MD	BOARD MEMBER	3.00	Director	$23,000	$0	$23,000
DAVID BAIRD	BOARD MEMBER	3.00	Director	$0	$33,944	$33,944
AARON CRUM MD	EX-OFFICIO/CMO/ASSISTANT CEO	40.00	Director	$916,298	$16,117	$932,415
ROBERT SHURTLEFF	BOARD MEMBER	3.00	Director	$23,000	$0	$23,000
LINDA WAGNER-JUSTICE	BOARD MEMBER	3.00	Director	$23,000	$0	$23,000
PHILLIP D REED	BOARD MEMBER	3.00	Director	$23,000	$0	$23,000
ERICH BLACKBURN	EX-OFFICIO/CHIEF LEGAL OFFICER-SR. VP	40.00	Director	$565,923	$50,061	$615,984
JOHN WATSON MD	BOD/CHIEF OF STAFF/HOSPITALIST (END 12/23)	40.00	Director	$372,583	$34,997	$407,580
MICHELLE HAGY	EX-OFFICIO/CFO/SR. VP FINANCE	40.00	Officer Director	$499,688	$50,006	$549,694
JENNIFER ERIN MULLINS MD	BOD/CHIEF OF STAFF/OBGYN (BEG 01/24)	40.00	Director	$448,010	$47,411	$495,421
MELISSA THACKER	CHIEF QUALITY OFFICER-SR. VP	40.00	Key Emp	$296,019	$15,902	$311,921
KANSAS JUSTICE	CHIEF OPERATING OFFICER-SR. VP	40.00	Key Emp	$487,468	$46,311	$533,779
CHERYL HICKMAN	CHIEF REGULATORY OFFICER-SR. VP (END 07/24)	40.00	Key Emp	$296,004	$39,968	$335,972
MICHELLE RAINEY	CHIEF NURSING OFFICER-SR. VP	40.00	Key Emp	$390,690	$48,581	$439,271
TONY DAMRON	CHIEF INFORMATION OFFICER-SR. VP	40.00	Key Emp	$310,391	$42,939	$353,330
MARCUS CONLEY	VP FINANCE	40.00	Key Emp	$241,246	$41,177	$282,423
KEITH HALL MD	ORTHOPEDIC SURGEON	40.00	Highest	$1,929,281	$50,061	$1,979,342
KEVIN PUGH MD	ORTHOPEDIC SURGEON	40.00	Highest	$1,679,891	$46,311	$1,726,202
CHRISTOPHER REYNOLDS MD	ELECTROPHYSIOLOGIST	40.00	Highest	$1,196,310	$46,311	$1,242,621
KENNETH KOVAL MD	ORTHOPEDIC TRAUMA SURGEON	40.00	Highest	$1,270,116	$50,061	$1,320,177
HAZIM BUKAMUR MD	CRITICAL CARE PHYSICIAN	40.00	Highest	$1,213,806	$23,374	$1,237,180
DAVID HALCOMB	FORMER ASSISTANT CFO	40.00		$181,710	$42,273	$223,983

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	$688,908,540	$668,729,431	$706,319,723	$20,179,109
2023	$652,780,410	$623,251,924	$671,107,372	$29,528,486
2022	$616,608,970	$623,167,390	$670,121,229	$-6,558,420
2021	$601,239,316	$567,024,511	$721,847,866	$34,214,805
2020	$551,310,942	$534,295,087	$710,966,602	$17,015,855
2019	$534,025,324	$527,849,479	$573,004,928	$6,175,845
2018	$517,800,226	$530,902,626	$542,977,796	$-13,102,400

PIKEVILLE MEDICAL CENTER INC