Memorial Hospital Inc (EIN 610594620) - 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

1917

Legal Domicile

Principal Officer

Nick Bejarano

Phone

6065985104

Tax Period

2024-01-01 to 2024-12-31

Memorial Hospital Inc, founded in 1917, is a mid-sized nonprofit in the Health Care sector that reported $93.7M in total revenue in fiscal year 2024. Expenses of $88.6M left a modest 5% surplus.

Mission

The provision of medical care to the community through the operation of a 49 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 (2024)

Revenue Breakdown

Contributions & Grants $1,145,981

Program Service Revenue $92,429,509

Investment Income $114,367

Other Revenue $0

TOTAL REVENUE $93,689,857

Expense Breakdown

Grants Paid $237,532

Salaries & Benefits $45,844,939

Fundraising Expenses $0

Program Expenses $79,587,124

Other Expenses $42,477,464

TOTAL EXPENSES $88,559,935

Year-over-Year Comparison

	2024	2023	Change
Revenue	$93,689,857	$90,248,673	+0.0%
Expenses	$88,559,935	$87,531,600	+0.0%
Net Income	$5,129,922	$2,717,073	+0.9%

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

714

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

$3,480,241

Total Directors

$7,418,801

Key Employees

$273,650

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Bejarano Nick	Director/CEO (Beg 12/24)	50.00	Officer Director	$0	$45,598	$349,394
Cornett MD Anita	Director/CMO	50.00	Director	$0	$52,485	$447,067
Gabbard Shane	Director	0.10	Director	$160	$0	$160
Gupta MD Giriraj	Director (End 12/24)	40.10	Director	$514,602	$48,844	$563,446
Guyton Alan	Director/Reg. CFO	10.00	Director	$0	$121,315	$866,876
Hancock Jennifer	Director	0.10	Director	$160	$0	$160
Hewitt Mike	Director	0.10	Director	$160	$0	$160
House Marshall	Director	0.10	Director	$160	$0	$160
Jacob Sissel	Director/CEO (End 7/24)	50.00	Officer Director	$0	$101,839	$685,998
Phillips James	Director	0.10	Director	$160	$0	$160
Randolph Karsten	Dir/Chairperson/CFO Multi-State Div.	2.00	Director	$0	$166,436	$1,811,016
Samples Reecia	Director	0.10	Director	$160	$0	$160
Shepherd Luke	Director	0.10	Director	$160	$0	$160
Thompson Michael	Director/ Regional CEO	10.00	Officer Director	$0	$158,445	$1,851,004
Wilkens MD Gregory	Director	88.10	Director	$805,155	$37,725	$842,880
Couch James	Interim CEO (Beg 8/24 - End 12/24)	50.00	Officer	$0	$32,268	$301,198
Kleven Jesse	CFO	50.00	Officer	$0	$48,118	$292,647
Nelson James	CNO	50.00	Key Emp	$0	$32,635	$273,650
Maxey MD Jackie	Physician -Family Practice	40.00	Highest	$771,591	$55,318	$826,909
Naval Srinivas MD Rajiv	Physician - Internal Medicine	40.00	Highest	$394,787	$27,973	$422,760
Nix MD Ashtin	Physician - Pediatrics	40.00	Highest	$273,620	$35,264	$308,884
Rice DO Angela	Physician - Family Practice	40.00	Highest	$286,427	$14,115	$300,542
Smith MD Khercie	Physician - Pediatrics	40.00	Highest	$254,255	$24,576	$278,831
Self Christopher	Former Officer	0.00		$0	$94,014	$756,663
Bell Karen	Former Key Employee	0.00		$0	$48,401	$348,200
Jones Angela	Former Key Employee	50.00		$129,152	$22,647	$151,799

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	$93,689,857	$88,559,935	$61,061,949	$5,129,922
2023	$90,248,673	$87,531,600	$61,725,612	$2,717,073
2022	$74,509,151	$80,763,946	$54,963,511	$-6,254,795
2021	$77,369,754	$77,338,839	$58,641,690	$30,915
2020	$56,497,252	$65,046,017	$48,837,770	$-8,548,765
2019	$53,770,611	$58,162,805	$46,853,612	$-4,392,194
2018	$59,066,372	$61,139,885	$35,726,878	$-2,073,513

Memorial Hospital Inc