WAYNE COUNTY HOSPITAL INC

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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

1972

Legal Domicile

Principal Officer

JOHN J MURRELL

Phone

6063489343

Tax Period

2023-11-01 to 2024-10-31

WAYNE COUNTY HOSPITAL INC, founded in 1972, is a mid-sized nonprofit in the Health Care sector that reported $25.0M in total revenue in fiscal year 2023. Revenue grew 19% year-over-year, indicating healthy expansion. Expenses of $22.8M left a modest 9% surplus.

Mission

TO PROVIDE THE PATIENT AND THE COMMUNITY A SYSTEM FOR THE DELIVERY OF HIGH QUALITY HEALTH CARE WITH THE SAME STANDARD OF CARE REGARDLESS OF ECONOMIC STATUS, AGE, SEX, RACE, OR RELIGION.

Program Service Accomplishments

Program 1

Expenses: $17,999,875 Revenue: $25,016,665

WAYNE COUNTY HOSPITAL, INC. PROVIDED 117,507 INPATIENT AND OUTPATIENT PROCEDURES, WHICH LABORATORY, RADIOLOGY, SURGERY, PHYSICAL THERAPY, SPEECH THERAPY, OCCUPATIONAL THERAPY AND RESPIRATORY THERAPY. WAYNE COUNTY HOSPITAL, INC. HAD INPATIENT ADMISSIONS OF 901 FOR ACUTE CARE, OBSERVATION AND SWINGBED SERVICES. WAYNE COUNTY HOSPITAL, INC. ALSO HAD OUTPATIENT REGISTRATIONS OF 10,844, EMERGENCY ROOM VISITS OF 9,632, AND RURAL HEALTH CLINIC VISITS OF 5,395.

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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 $16,957

Program Service Revenue $24,902,272

Investment Income $3,951

Other Revenue $116,616

TOTAL REVENUE $25,039,796

Expense Breakdown

Grants Paid $0

Salaries & Benefits $11,918,589

Fundraising Expenses $0

Program Expenses $17,999,875

Other Expenses $10,931,185

TOTAL EXPENSES $22,849,774

Year-over-Year Comparison

	2023	2022	Change
Revenue	$25,039,796	$21,086,412	+0.2%
Expenses	$22,849,774	$21,563,809	+0.1%
Net Income	$2,190,022	$-477,397	-5.6%

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

278

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

$492,033

Total Directors

$8,300

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
LARRY BATES	CHAIR	1.00	Officer Director	$1,500	$0	$1,500
GORDON CROWLEY	VICE CHAIR/TREASURER	1.00	Officer Director	$1,300	$0	$1,300
ANITA HOPPER	SECRETARY (END FYE 2024)	1.00	Officer Director	$0	$0	$0
DANNY ADAMS	BOARD MEMBER	1.00	Director	$1,500	$0	$1,500
JAMIE REAGAN	SECRETARY	1.00	Officer Director	$1,300	$0	$1,300
DR JAMES WOODY	BOARD MEMBER/PRESIDENT OF MEDICAL STAFF	40.00	Director	$1,500	$0	$1,500
DAVID PHILLIPS	BOARD MEMBER	1.00	Director	$1,200	$0	$1,200
JOE MURRELL	CEO	40.00	Officer	$183,702	$22,768	$206,470
ANNE SAWYER	CFO	40.00	Officer	$128,880	$19,560	$148,440
JEFF SEXTON	CNO	40.00	Officer	$109,045	$23,978	$133,023
CORY RYAN MD	CMO/ER PHYSICIAN	40.00	Highest	$530,325	$8,557	$538,882
MEREDITH HALE MD	PRN	40.00	Highest	$102,880	$0	$102,880
JIMMY J HICKS	CRNA	40.00	Highest	$191,752	$26,273	$218,025
SONIA PROUDFOOT MD	HOSPITALIST	40.00	Highest	$102,484	$18,167	$120,651

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	$25,039,796	$22,849,774	$15,064,307	$2,190,022
2023	$21,086,412	$21,563,809	$14,215,294	$-477,397
2022	$21,530,275	$21,120,291	$14,431,175	$409,984
2021	$20,205,617	$19,087,402	$14,867,469	$1,118,215
2020	$22,596,534	$16,399,565	$12,751,716	$6,196,969
2019	$16,050,617	$15,533,224	$5,645,968	$517,393
2018	$14,653,140	$13,695,942	$5,273,862	$957,198