Saint Thomas Network

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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

1986

Legal Domicile

Phone

3147338000

Tax Period

2024-07-01 to 2025-06-30

Saint Thomas Network, founded in 1986, is a mid-sized nonprofit in the Health Care sector that reported $23.2M in total revenue in fiscal year 2024. Revenue grew 14% year-over-year, indicating healthy expansion. Expenses of $38.4M exceeded revenue, resulting in a 66% operating deficit.

Mission

ROOTED IN THE LOVING MINISTRY OF JESUS AS HEALER, WE COMMIT OURSELVES TO SERVING ALL PERSONS WITH SPECIAL ATTENTION TO THOSE WHO ARE POOR AND VULNERABLE. OUR CATHOLIC HEALTH MINISTRY IS DEDICATED TO SPIRITUALLY-CENTERED, HOLISTIC CARE WHICH SUSTAINS AND IMPROVES THE HEALTH OF INDIVIDUALS AND COMMUNITIES. WE ARE ADVOCATES FOR A COMPASSIONATE AND JUST SOCIETY THROUGH OUR ACTIONS AND OUR WORDS.

Program Service Accomplishments

Program 1

Expenses: $37,906,384 Revenue: $22,222,848

The filing organization is a part of the Ascension Catholic Health Ministry. Ascension is a faith-based healthcare organization that delivers personalized, compassionate care to all, especially to...

The filing organization is a part of the Ascension Catholic Health Ministry. Ascension is a faith-based healthcare organization that delivers personalized, compassionate care to all, especially to those who need it the most. SAINT THOMAS NETWORK IS PARTNERED WITH OTHER HEALTHCARE ORGANIZATIONS TO FURTHER THE MISSION OF PROVIDING SPIRITUALLY CENTERED, HOLISTIC CARE THAT SUSTAINS AND IMPROVES THE HEALTH OF THE COMMUNITIES IT SERVES. THESE PARTNERSHIPS PROVIDE AN OUTPATIENT NEUROSURGICAL CENTER AND SEVERAL AMBULATORY SURGERY CENTERS IN THE CENTRAL TENNESSEE AREA.

Program 2

Expenses: $324,126 Revenue: $467,944

SAINT THOMAS NETWORK OPERATES THE INN AT SAINT THOMAS. THE INN AT SAINT THOMAS IS A 23 ROOM MOTEL PROVIDING PRE-SURGICAL ACCOMMODATIONS FOR PATIENTS TRAVELING TO SAINT THOMAS FROM LONG DISTANCES.

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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 $22,687,240

Investment Income $531,684

Other Revenue $-60,346

TOTAL REVENUE $23,158,578

Expense Breakdown

Grants Paid $0

Salaries & Benefits $203,356

Fundraising Expenses $0

Program Expenses $38,230,510

Other Expenses $38,209,748

TOTAL EXPENSES $38,413,104

Year-over-Year Comparison

	2024	2023	Change
Revenue	$23,158,578	$20,398,868	+0.1%
Expenses	$38,413,104	$19,164,950	+1.0%
Net Income	$-15,254,526	$1,233,918	-13.4%

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

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

$3,019,710

Total Directors

$2,835,250

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ANTHONY HEARD	CHAIR	1.0	Officer Director	$0	$0	$0
FAHAD TAHIR	PRESIDENT/CEO, MINISTRY MARKET	0.0	Officer Director	$0	$63,504	$1,998,851
ROBERT HIGGINS	TREASURER	1.0	Officer Director	$0	$0	$0
SUSAN WEST PHD	SECRETARY	1.0	Officer Director	$0	$0	$0
WANDA LYLE	VICE CHAIR	1.0	Officer Director	$0	$0	$0
AIMEE DECAMILLO	DIRECTOR	1.0	Director	$0	$0	$0
BRETT CAMPBELL MD	DIRECTOR	1.0	Director	$0	$0	$0
MARC ROSEN MD	DIRECTOR	1.0	Director	$0	$0	$0
PHILLIP MIZE	DIRECTOR	1.0	Director	$0	$0	$0
RACHEL BALLARD MEHR MD	DIRECTOR	0.0	Director	$0	$53,717	$445,049
RICK ROGERS MD	DIRECTOR	1.0	Director	$0	$0	$0
SHANNA JACKSON EDD	DIRECTOR	1.0	Director	$0	$0	$0
SISTER CATHERINE BROWN DC	DIRECTOR	1.0	Director	$0	$0	$0
STEVEN MAURICE VANHOOK MD	DIRECTOR	0.0	Director	$0	$54,599	$391,350
BRANDON MICHAEL WILLIAMS	CFO, MINISTRY MARKET	0.0	Officer	$0	$58,336	$1,020,859
ALLEN B WILCOX MD	FORMER OFFICER (END 12/2020)	0.0		$0	$51,565	$1,314,181
LISA RENEE DAVIS	FORMER OFFICER (END 11/2022)	0.0		$0	$40,937	$1,557,249
TIMOTHY PAUL ADAMS	FORMER OFFICER (END 1/2023)	0.0		$0	$69,093	$3,550,839

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	$23,158,578	$38,413,104	$56,293,852	$-15,254,526
2024	$20,398,868	$19,164,950	$52,691,789	$1,233,918
2023	$5,646,690	$1,286,913	$55,185,267	$4,359,777
2022	$6,739,857	$1,594,316	$56,668,431	$5,145,541
2021	$7,809,552	$3,360,979	$70,801,977	$4,448,573
2020	$5,594,103	$3,463,860	$65,260,256	$2,130,243
2019	$19,073,540	$15,783,873	$69,120,697	$3,289,667
2018	$16,666,757	$61,249,513	$61,017,851	$-44,582,756