Fort Sanders Regional Medical Center (EIN 620528340) - 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

1954

Legal Domicile

Principal Officer

James D VanderSteeg

Phone

8653745329

Tax Period

2023-01-01 to 2023-12-31

Fort Sanders Regional Medical Center, founded in 1954, is a major nonprofit in the Health Care sector that reported $399.3M in total revenue in fiscal year 2023.

Mission

Fort Sanders Regional Medical Center is a 541-bed full service acute care hospital located in the Fort Sanders community of downtown Knoxville, Tennessee. It is a member of the Covenant Health system.

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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 $164,521

Program Service Revenue $395,258,221

Investment Income $69,526

Other Revenue $3,834,888

TOTAL REVENUE $399,327,156

Expense Breakdown

Grants Paid $38,484

Salaries & Benefits $116,109,937

Fundraising Expenses $0

Program Expenses $401,295,732

Other Expenses $295,381,408

TOTAL EXPENSES $411,529,829

Year-over-Year Comparison

	2023	2022	Change
Revenue	$399,327,156	$378,161,897	+0.1%
Expenses	$411,529,829	$396,190,451	+0.0%
Net Income	$-12,202,673	$-18,028,554	-0.3%

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

2354

Volunteers

535

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

$5,415,254

Total Directors

$3,135,371

Key Employees

$514,920

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Gerald Boyd	Director	0.00	Director	$0	$0	$977
Willard Campbell MD	Director	0.00	Director	$0	$0	$0
Michael Casey MD	Director	0.00	Director	$0	$0	$0
Ronni Chandler	Fmr Director (through June 2023)	0.00	Director	$0	$0	$0
Mitchell Dickson MD	Director	0.00	Director	$0	$0	$796
Stephanie Flood	Director	0.00	Director	$0	$0	$808
James Gibson	Director	0.00	Director	$0	$0	$1,008
Edgar Gray	Director	0.00	Director	$0	$0	$1,054
Leslye Hartsell	Director	0.00	Director	$0	$0	$1,027
Donald Hickman	Director	0.00	Director	$0	$0	$1,498
Timothy Matthews	Director	0.00	Director	$0	$0	$1,196
Janice McKinley	Director	0.00	Director	$0	$0	$1,222
Dave Miller	Director	0.00	Director	$0	$0	$1,044
Bill Myers	Director	0.00	Director	$0	$0	$0
Alvin Nance	Director	0.00	Director	$0	$0	$1,044
Linda Ogle	Director	0.00	Director	$0	$0	$0
King Purnell	Director/Chair	0.00	Officer Director	$0	$0	$1,630
Jorge Sanabria	Director	0.00	Director	$0	$0	$1,234
William Seale	Director	0.00	Director	$0	$0	$1,321
Cosby Stone	Director	0.00	Director	$0	$0	$1,595
Joe Sutter	Director	0.00	Director	$0	$0	$1,462
James Tramontana MD	Director	0.00	Director	$0	$0	$1,196
James D VanderSteeg	President & CEO	0.00	Officer Director	$0	$352,568	$3,115,259
John T Geppi	Fmr EVP/CFO (through June 2023)	0.00	Officer	$0	$24,345	$995,771
Joseph C Dolan	EVP/CFO	0.00	Officer	$0	$38,564	$397,454
Keith N Altshuler	President & CAO	44.00	Officer	$0	$34,825	$672,139
Brian J Lett	VP - Financial Services	42.00	Officer	$204,058	$28,943	$233,001
April Mount	VP - Chief Nursing Officer	50.00	Key Emp	$245,157	$29,755	$274,912
Christopher S Hall	VP - Support Services	50.00	Key Emp	$221,545	$18,463	$240,008
Joseph M Bowling	Medical Physicist	50.00	Highest	$231,262	$42,248	$273,510
Richard C Calloway	Clinical Nurse	50.00	Highest	$199,465	$40,795	$240,260
Linda E Yoder	Fmr Dir Surg Svcs(through Aug 2023)	50.00	Highest	$194,355	$22,928	$217,283
Shellie L Shock	Administrative Supervisor	50.00	Highest	$174,436	$42,734	$217,170
Linda E Rodriguez	Fmr Dir Pt Care Svcs(through Nov 23)	50.00	Highest	$170,497	$17,763	$188,260

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	$399,327,156	$411,529,829	$271,470,046	$-12,202,673
2022	$378,161,897	$396,190,451	$268,289,869	$-18,028,554
2021	$362,235,984	$357,500,271	$273,614,041	$4,735,713
2020	$339,085,833	$334,222,979	$271,065,552	$4,862,854
2019	$324,256,518	$318,998,611	$207,540,794	$5,257,907
2018	$296,685,084	$299,277,597	$175,267,869	$-2,592,513

Fort Sanders Regional Medical Center