Owensboro Health Medical Group Inc (EIN 611197638) - 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

1993

Legal Domicile

Phone

2704172000

Tax Period

2023-06-01 to 2024-05-31

Owensboro Health Medical Group Inc, founded in 1993, is a major nonprofit in the Health Care sector that reported $108.3M in total revenue in fiscal year 2023. Expenses of $202.4M exceeded revenue, resulting in a 87% operating deficit.

Mission

OWENSBORO HEALTH MEDICAL GROUP, INC. EXISTS TO HEAL THE SICK AND IMPROVE THE HEALTH OF THE COMMUNITY.

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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 $6,760

Program Service Revenue $104,327,595

Investment Income $0

Other Revenue $3,927,191

TOTAL REVENUE $108,261,546

Expense Breakdown

Grants Paid $327,665

Salaries & Benefits $159,717,792

Fundraising Expenses $0

Program Expenses $190,639,928

Other Expenses $42,344,271

TOTAL EXPENSES $202,389,728

Year-over-Year Comparison

	2023	2022	Change
Revenue	$108,261,546	$107,224,590	+0.0%
Expenses	$202,389,728	$193,670,183	+0.0%
Net Income	$-94,128,182	$-86,445,593	+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

1276

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

$2,517,059

Total Directors

$4,200,044

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
N/A	BOARD VICE-CHAIRPERSON (ENDED 10/31/2023)	2.0	Officer Director	$0	$0	$0
N/A	BOARD VICE-CHAIRPERSON (EFFECTIVE 11/1/2023)	2.0	Officer Director	$0	$0	$0
N/A	BOARD CHAIRPERSON (EFFFECTIVE 10/31/23) / COO - OHMG	45.0	Officer Director	$476,056	$52,773	$528,829
N/A	BOARD SECRETARY, CFO	8.0	Officer Director	$0	$84,036	$699,464
N/A	BOARD VICE-CHAIRPERSON (EFFECTIVE 11/1/2023)	2.0	Officer Director	$0	$0	$0
N/A	BOARD MEMBER	47.0	Director	$731,658	$16,884	$748,542
N/A	BOARD MEMBER (EFFECTIVE 03/27/2023)	45.0	Director	$907,286	$16,884	$924,170
N/A	BOARD MEMBER (ENDED 10/31/2023), CHIEF MEDICAL OFFICER	30.0	Director	$44,682	$23,190	$801,881
N/A	BOARD MEMBER	2.0	Director	$0	$0	$0
N/A	BOARD MEMBER	45.0	Director	$462,188	$34,970	$497,158
N/A	BOARD MEMBER	2.0	Director	$0	$0	$0
N/A	FORMER BOARD MEMBER (ENDED 10/31/2023)	2.0	Director	$0	$0	$0
N/A	PRESIDENT AND CEO	8.0	Officer	$0	$54,815	$1,288,766
N/A	PHYSICIAN	45.0	Highest	$1,234,045	$45,364	$1,279,409
N/A	PHYSICIAN	45.0	Highest	$1,583,844	$35,904	$1,619,748
N/A	PHYSICIAN	45.0	Highest	$1,158,806	$45,364	$1,204,170
N/A	PHYSICIAN	45.0	Highest	$975,272	$45,364	$1,020,636
N/A	PHYSICIAN	45.0	Highest	$1,221,985	$45,364	$1,267,349

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
2025	No data	No data	No data	No data
2024	$108,261,546	$202,389,728	$288,993,892	$-94,128,182
2023	$107,224,590	$193,670,183	$172,921,190	$-86,445,593
2022	$99,252,581	$178,163,630	$99,247,106	$-78,911,049
2021	$79,492,499	$149,786,323	$104,524,061	$-70,293,824
2020	$71,512,576	$137,117,147	$107,646,955	$-65,604,571
2019	$71,675,221	$136,288,875	$114,733,748	$-64,613,654

Owensboro Health Medical Group Inc