MEMORIAL HEALTH CARE SYSTEM INC (EIN 620532345) - 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

1952

Legal Domicile

Principal Officer

JANELLE REILLY

Phone

4234957878

Tax Period

2024-07-01 to 2025-06-30

MEMORIAL HEALTH CARE SYSTEM INC, founded in 1952, is a major nonprofit that reported $708.5M in total revenue in fiscal year 2024.

Mission

EMPHASIZE HUMAN DIGNITY AND SOCIAL JUSTICE AS WE CREATE HEALTHIER COMMUNITIES BY PROVIDING HEALTH CARE SERVICES REGARDLESS OF ABILITY TO PAY FOR THOSE IN CHATTANOOGA, TN AND THE SURROUNDING AREA.

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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 $5,774,942

Program Service Revenue $680,198,971

Investment Income $2,221,590

Other Revenue $20,338,736

TOTAL REVENUE $708,534,239

Expense Breakdown

Grants Paid $2,076,105

Salaries & Benefits $307,624,023

Fundraising Expenses $0

Program Expenses $694,315,241

Other Expenses $437,327,874

TOTAL EXPENSES $747,028,002

Year-over-Year Comparison

	2024	2023	Change
Revenue	$708,534,239	$714,969,916	0.0%
Expenses	$747,028,002	$738,214,851	+0.0%
Net Income	$-38,493,763	$-23,244,935	+0.7%

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

4248

Volunteers

309

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

$7,311,013

Total Directors

$10,475,312

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
T DOUGLAS LAWSON PHD	PRESIDENT SOUTH REGION-(PARTIAL YEAR)	2.00	Officer Director	$0	$101,450	$3,876,407
LARRY SCHUMACHER	SR. VP OF OPERATIONS, SE DIVISION / FORMER CEO	2.00		$0	$10,402	$2,514,435
MATTHEW BROWN MD	PRESIDENT SOUTH REGION	2.00	Officer Director	$0	$176,408	$2,001,720
JOHN CRAIG MD	CARDIOVASCULAR SURGEON	50.00	Highest	$1,721,471	$60,868	$1,782,339
ANTHONY HOUSTON	FORMER KEY EMPLOYEE	0.00		$0	$64,890	$1,767,367
JAMES ZELLNER MD	BOARD MEMBER/CARDIOVASCULAR SURGEON	50.00	Director	$1,588,865	$48,517	$1,637,382
MAYSHAN GHIASSI MD	NEUROSURGEON	5.00	Highest	$330,620	$53,295	$1,523,798
TROY HAMMETT	DIVISION SVP / CFO	50.00	Highest	$1,284,957	$58,742	$1,429,897
JEFFREY MULLINS MD	UROLOGIST	1.00	Highest	$27,782	$46,903	$1,335,248
RANJITH BABU MD	NEUROSURGEON	20.00	Highest	$401,954	$47,907	$1,277,011
JANELLE REILLY	MARKET CEO	46.00	Officer Director	$1,078,278	$67,400	$1,145,678
ALLEN ATCHLEY MD	BOARD MEMBER/CARDIOLOGIST	50.00	Director	$887,728	$62,605	$950,333
WILLIAM WARREN MD	FORMER BOARD MEMBER AND OFFICER	50.00		$891,052	$57,920	$948,972
HANY NAGGAR MD PHD	BOARD MEMBER	2.00	Director	$0	$61,231	$421,720
MARK ANDERSON MD	BOARD MEMBER/PHYSICIAN	2.00	Director	$69,532	$56,659	$400,732
MICHAEL SUTTON	FORMER OFFICER	47.00		$345,507	$34,129	$379,636
CRAIG NIELSEN	BOARD TREASURER/MARKET VP	47.00	Officer	$246,099	$41,109	$287,208
SLOAN YOUNGBLOOD MD	CHIEF OF MEDICAL STAFF	38.00	Director	$41,340	$0	$41,340
JILL APLIN	BOARD MEMBER	2.00	Director	$0	$0	$0
DAVEY DANIEL MD	BOARD MEMBER	2.00	Director	$0	$0	$0
MARILYN HELMS DBA	CHAIR	2.00	Officer Director	$0	$0	$0
MARYSTEWART LEWIS	BOARD MEMBER	2.00	Director	$0	$0	$0
JUDITH JUDY RALEY SCN	SECRETARY	2.00	Officer Director	$0	$0	$0
MICHAEL WEBB	BOARD VICE CHAIR	2.00	Officer Director	$0	$0	$0
TRACY WOOD	BOARD MEMBER	2.00	Director	$0	$0	$0
ELIZABETH MCCRIGHT	BOARD MEMBER (THRU 09/24)	2.00	Director	$0	$0	$0
STEVEN DOWLEN MD	BOARD MEMBER	2.00	Director	$0	$0	$0
CANDY JOHNSON	BOARD MEMBER (THRU 07/24)	2.00	Director	$0	$0	$0
SR REV DR TERENCE L MAYES	BOARD MEMBER	2.00	Director	$0	$0	$0
MARCO PEREZ	BOARD MEMBER	2.00	Director	$0	$0	$0
SR JACQUELINE ACETO	BOARD MEMBER	2.00	Director	$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	$708,534,239	$747,028,002	$505,311,623	$-38,493,763
2024	$714,969,916	$738,214,851	$494,347,608	$-23,244,935
2023	$655,747,673	$698,834,239	$731,817,781	$-43,086,566
2022	$638,480,662	$667,694,962	$722,083,879	$-29,214,300
2021	$655,181,018	$642,033,823	$833,500,042	$13,147,195
2020	$564,430,640	$595,006,052	$823,793,355	$-30,575,412
2019	$599,631,543	$565,829,626	$813,259,318	$33,801,917
2018	$684,120,675	$622,986,378	$822,503,407	$61,134,297

MEMORIAL HEALTH CARE SYSTEM INC