James B Haggin Memorial Hospital Inc (EIN 610510934) - 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

1913

Legal Domicile

Phone

8592392424

Tax Period

2022-10-01 to 2023-09-30

James B Haggin Memorial Hospital Inc, founded in 1913, is a mid-sized nonprofit in the Health Care sector that reported $37.8M in total revenue in fiscal year 2022. Revenue decreased 10% compared to the prior year. Expenses of $33.5M left a modest 12% surplus.

Mission

TO PROVIDE ACUTE HOSPITAL CARE TO INDIVIDUALS RESIDING WITHIN A PRIMARY SERVICE AREA OF MERCER AND SURROUNDING COUNTIES.

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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 (2022)

Revenue Breakdown

Contributions & Grants $270,786

Program Service Revenue $37,427,743

Investment Income $10,343

Other Revenue $107,929

TOTAL REVENUE $37,816,801

Expense Breakdown

Grants Paid $0

Salaries & Benefits $15,434,077

Fundraising Expenses $0

Program Expenses $29,969,767

Other Expenses $18,030,997

TOTAL EXPENSES $33,465,074

Year-over-Year Comparison

	2022	2021	Change
Revenue	$37,816,801	$42,111,803	-0.1%
Expenses	$33,465,074	$37,062,826	-0.1%
Net Income	$4,351,727	$5,048,977	-0.1%

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

154

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

$2,470,734

Total Directors

$1,494,298

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
N/A	PRESIDENT & CEO	2.5	Officer Director	$0	$59,957	$852,284
N/A	VICE-CHAIR	7.5	Officer Director	$1,650	$0	$1,650
N/A	Chair	7.5	Officer Director	$5,100	$0	$5,100
N/A	SECRETARY-TREASURER	7.5	Officer Director	$2,400	$0	$2,400
N/A	HOSPITAL ADMINISTRATOR	20.0	Officer Director	$135,850	$55,372	$327,072
N/A	BOARD MEMBER	4.5	Director	$750	$0	$750
N/A	BOARD MEMBER	4.5	Director	$244,554	$50,288	$294,842
N/A	BOARD MEMBER	4.5	Director	$1,650	$0	$1,650
N/A	BOARD MEMBER	4.5	Director	$4,950	$0	$4,950
N/A	BOARD MEMBER	4.5	Director	$1,050	$0	$1,050
N/A	MEDICAL STAFF VICE-PRESIDENT	4.5	Director	$0	$0	$0
N/A	BOARD MEMBER	4.5	Director	$1,200	$0	$1,200
N/A	BOARD MEMBER	4.5	Director	$1,350	$0	$1,350
N/A	CFO	2.5	Officer	$0	$53,238	$383,229
N/A	CMO	1.0	Officer	$0	$31,522	$369,921
N/A	CHIEF NURSING OFFICER	40.0	Officer	$142,258	$19,757	$162,015
N/A	LEGAL COUNSEL	2.5	Officer	$0	$57,613	$367,063
N/A	PHARMACIST	40.0	Highest	$105,127	$8,761	$113,888
N/A	CRNA	40.0	Highest	$204,567	$30,621	$235,188
N/A	House Supervisor	40.0	Highest	$89,972	$37,317	$127,289
N/A	PHARMACIST	40.0	Highest	$148,355	$43,325	$191,680
N/A	PHARMACIST	40.0	Highest	$135,680	$26,117	$161,797
N/A	VP & CFO UNTIL 06/30/21	0.0		$0	$20,200	$315,471

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	$37,816,801	$33,465,074	$15,443,478	$4,351,727
2022	$42,111,803	$37,062,826	$13,795,525	$5,048,977
2021	$33,744,680	$31,290,285	$14,539,377	$2,454,395
2020	$26,988,206	$24,907,135	$12,163,167	$2,081,071
2019	$24,117,597	$25,167,423	$12,993,552	$-1,049,826
2018	$20,541,384	$24,220,430	$13,134,230	$-3,679,046

James B Haggin Memorial Hospital Inc