Sweetwater Hospital Association (EIN 620544855) - 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

1934

Legal Domicile

Phone

8652138200

Tax Period

2023-07-01 to 2024-06-30

Sweetwater Hospital Association, founded in 1934, is a mid-sized nonprofit in the Health Care sector that reported $75.4M in total revenue in fiscal year 2023. Revenue grew 15% year-over-year, indicating healthy expansion. Expenses of $84.2M exceeded revenue, resulting in a 12% operating deficit.

Mission

OUR MISSION IS TO PROVIDE THE HIGHEST QUALITY MEDICAL CARE AVAILABLE IN OUR SERVICE AREA WITHIN OUR SCOPE OF CARE.

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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 $8,350

Program Service Revenue $73,271,873

Investment Income $1,610,086

Other Revenue $505,389

TOTAL REVENUE $75,395,698

Expense Breakdown

Grants Paid $0

Salaries & Benefits $29,345,524

Fundraising Expenses $0

Program Expenses $71,635,255

Other Expenses $54,891,671

TOTAL EXPENSES $84,237,195

Year-over-Year Comparison

	2023	2022	Change
Revenue	$75,395,698	$65,468,142	+0.2%
Expenses	$84,237,195	$73,594,621	+0.1%
Net Income	$-8,841,497	$-8,126,479	+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

703

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

$613,150

Total Directors

$4,275,155

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Doug Warren	Chairman	1.0	Officer Director	$3,600	$0	$3,600
John Carson	Vice Chairman	1.0	Officer Director	$2,400	$0	$2,400
Barbara Watson	Board Member	1.0	Director	$2,400	$0	$2,400
Christopher Bowman	Board Member/PHYSICIAN	40.0	Director	$636,562	$0	$636,562
Gary Kimsey	Board Member	1.0	Director	$2,400	$0	$2,400
Jim Fairweather	Board Member	1.0	Director	$2,400	$0	$2,400
Ken Kozawa	Board Member/PHYSICIAN	40.0	Director	$2,899,810	$0	$2,899,810
Kenny Archer	Board Member	1.0	Director	$2,400	$0	$2,400
Laurence James	Board Member/PHYSICIAN	40.0	Director	$715,983	$0	$715,983
Pat Pennington	Board Member	1.0	Director	$2,400	$0	$2,400
Teresa Harrill	Board Member	1.0	Director	$2,400	$0	$2,400
TK Sloan	Board Member	1.0	Director	$2,400	$0	$2,400
Andrea Henry	Interim CEO	40.0	Officer	$187,625	$14,808	$202,433
Ian McFadden	CEO	40.0	Officer	$376,874	$27,843	$404,717
Ashley Pinette	PHYSICIAN	40.0	Highest	$353,804	$17,086	$370,890
Ashley Shamblin	CFO	40.0	Highest	$250,306	$21,241	$271,547
Gretchan Williams	CNO	40.0	Highest	$207,223	$12,760	$219,983
John Dawson	PHYSICIAN	40.0	Highest	$235,549	$14,473	$250,022
Melissa Harris	COO	40.0	Highest	$184,284	$15,998	$200,282

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	$75,395,698	$84,237,195	$96,277,521	$-8,841,497
2023	$65,468,142	$73,594,621	$98,045,099	$-8,126,479
2022	$63,803,200	$69,419,343	$95,564,222	$-5,616,143
2021	$59,985,704	$56,785,486	$100,982,739	$3,200,218
2020	$62,634,047	$53,860,364	$94,823,444	$8,773,683
2019	$55,080,437	$55,436,561	$83,196,765	$-356,124
2018	$53,184,142	$53,760,366	$82,517,712	$-576,224

Sweetwater Hospital Association