Morristown-Hamblen Hospital Association (EIN 620545814) - 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

James D VanderSteeg

Phone

8653745329

Tax Period

2023-01-01 to 2023-12-31

Morristown-Hamblen Hospital Association, founded in 1952, is a major nonprofit in the Health Care sector that reported $140.1M in total revenue in fiscal year 2023. Expenses of $127.0M left a modest 9% surplus.

Mission

Morristown-Hamblen Hospital Association operates a 167-bed acute care hospital located in Hamblen County, 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 $512,068

Program Service Revenue $139,105,759

Investment Income $24,334

Other Revenue $461,765

TOTAL REVENUE $140,103,926

Expense Breakdown

Grants Paid $6,700

Salaries & Benefits $47,769,542

Fundraising Expenses $0

Program Expenses $123,541,264

Other Expenses $79,240,510

TOTAL EXPENSES $127,016,752

Year-over-Year Comparison

	2023	2022	Change
Revenue	$140,103,926	$136,975,269	+0.0%
Expenses	$127,016,752	$118,733,361	+0.1%
Net Income	$13,087,174	$18,241,908	-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

995

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

$5,279,353

Total Directors

$3,135,371

Key Employees

$208,663

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
Gordon E Lintz	President & CAO	50.00	Officer	$0	$23,597	$557,832
Amy E Herndon	VP - Financial Services	50.00	Officer	$184,672	$26,735	$211,407
Lisa M Kelley	VP - Chief Nursing Officer	50.00	Key Emp	$174,077	$34,586	$208,663
Robert J Drinnon	Medical Physicist	50.00	Highest	$191,837	$38,226	$230,063
Pamela S Western	Pharmacist	50.00	Highest	$140,540	$22,731	$163,271
Jacqueline S Lewis	Clinical Nurse	50.00	Highest	$131,333	$34,053	$165,386
Sarah G Ramsey	Supervisor Pharmacy	50.00	Highest	$122,744	$13,203	$135,947
Deborah K Cox	Shift Leader Clinical Nurse	50.00	Highest	$119,618	$23,824	$143,442

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	$140,103,926	$127,016,752	$109,849,024	$13,087,174
2022	$136,975,269	$118,733,361	$90,654,910	$18,241,908
2021	$127,114,372	$110,708,769	$71,835,132	$16,405,603
2020	$119,818,179	$105,976,496	$85,899,390	$13,841,683
2019	$115,498,775	$99,170,871	$67,514,302	$16,327,904
2018	$95,959,667	$87,789,809	$67,907,412	$8,169,858

Morristown-Hamblen Hospital Association