THE MEDICAL CENTER AT FRANKLIN 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

2000

Legal Domicile

Phone

2707451551

Tax Period

2024-04-01 to 2025-03-31

Mission

THE CORPORATE MISSION IS TO CARE FOR PEOPLE AND IMPROVE THE QUALITY OF LIFE IN THE COMMUNITIES WE SERVE.

Program Service Accomplishments

Program 1

EFFECTIVE APRIL 1, 2024, THE BOARD OF DIRECTORS OF THE MEDICAL CENTER AT FRANKLIN, INC. EXECUTED A RESOLUTION TO DISSOLVE THE MEDICAL CENTER AT FRANKLIN, INC. AND TRANSFERED ALL ASSETS AND...

EFFECTIVE APRIL 1, 2024, THE BOARD OF DIRECTORS OF THE MEDICAL CENTER AT FRANKLIN, INC. EXECUTED A RESOLUTION TO DISSOLVE THE MEDICAL CENTER AT FRANKLIN, INC. AND TRANSFERED ALL ASSETS AND LIABILITIES TO THE BOWLING GREEN WARREN COUNTY COMMUNITY HOSPITAL CORPORATION. THE BOWLING GREEN WARREN COUNTY COMMUNITY HOSPITAL CORPORATION CONTINUES TO OPERATE THE MEDICAL CENTER AT FRANKLIN AS A HOSPITAL IN THE COMMUNITY OF FRANKLIN, SIMPSON COUNTY, KENTUCKY.

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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 $0

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $0

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $0

Other Expenses $0

TOTAL EXPENSES $0

Year-over-Year Comparison

	2024	2023	Change
Revenue	N/A	$38,862,944	-1.0%
Expenses	N/A	$28,962,503	-1.0%
Net Income	N/A	$9,900,441	N/A

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

N/A

Volunteers

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MR GARY BROADY	VICE CHAIR	2.0	Officer Director	$0	$0	$0
MR TOMMY HOLDERFIELD	CHAIR	2.0	Officer Director	$0	$0	$0
MS BEVERLY BOREN	SECRETARY	2.0	Officer Director	$0	$0	$0
MS CONNIE D SMITH	PRESIDENT & CEO	2.0	Officer Director	$0	$0	$0
DR BRAD MORRIS	DIRECTOR	2.0	Director	$0	$0	$0
MR BRAD ODIL	DIRECTOR	2.0	Director	$0	$0	$0
MR MICHAEL STEVE THURMOND	DIRECTOR	2.0	Director	$0	$0	$0
MS CHERI NATCHER	DIRECTOR	2.0	Director	$0	$0	$0
MR DAVID GRAY	EXECUTIVE VICE PRESIDENT	2.0	Officer	$0	$0	$0
MR WADE STONE	EXECUTIVE VICE PRESIDENT	2.0	Officer	$0	$0	$0
MS KATRINA WOOD	EVP/CHIEF NURSING OFFICER	2.0	Officer	$0	$0	$0
MS MICHELE W LAWLESS	EXECUTIVE VICE PRESIDENT & CFO	2.0	Officer	$0	$0	$0

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	$38,862,944	$28,962,503	$38,464,365	$9,900,441
2023	$32,832,568	$28,258,568	$38,011,490	$4,574,000
2022	$35,092,795	$26,586,912	$40,917,259	$8,505,883
2021	$29,186,745	$24,203,232	$37,113,455	$4,983,513
2020	$25,744,718	$21,955,686	$30,181,970	$3,789,032
2019	$29,710,724	$24,598,468	$31,553,864	$5,112,256
2018	$29,213,692	$25,087,562	$55,084,274	$4,126,130