RUSSELL HOSPITAL CORPORATION

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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

1923

Legal Domicile

Principal Officer

LOTHER E PEACE III

Tax Period

2023-01-01 to 2023-12-31

RUSSELL HOSPITAL CORPORATION, founded in 1923, is a mid-sized nonprofit in the Health Care sector that reported $84.8M in total revenue in fiscal year 2023.

Mission

RUSSELL MEDICAL CENTER IS A PROGRESSIVE, NOT-FOR-PROFIT, ACUTE CARE FACILITY, SERVING THE NEEDS OF EAST CENTRAL ALABAMA,. RUSSELL MEDICAL CENTER AND ITS PHYSICIANS ARE COMMITTED TO PROVIDING THE HIGHEST STANDARDS OF PATIENT CARE AND CUSTOMER SERVICE.OUR MISSION IS SIMPLE: BEING THE BEST.

Program Service Accomplishments

Program 1

Expenses: $68,071,478 Revenue: $82,126,977

RUSSELL MEDICAL CENTER IS AN 81-BED ACUTE CARE HOSPITAL LOCATED IN ALEXANDER CITY, ALABAMA. IT SERVES PATIENTS DRAWN FROM A 7-COUNTY SERVICE AREA WHICH INCLUDES TALLAPOSSA, COOSA, ELMORE, TALLADEGA, CLAY, LEE AND CHAMBERS COUNTIES. THE HOSPITAL HAS A 24/7 EMERGENCY DEPARTMENT THAT PROVIDED CARE FOR 19,978 PATIENTS IN 2023. AMONG OTHER SERVICES, THE HOSPITAL OFFERS CHEMOTHERAPY (IN 2023, THE HOSPITAL SERVED 4,831 PATIENTS); HEART CATHERTIZATION (PERFORMING 952 PROCEDURES DURING THE YEAR); AND, VASCULAR SERVICES (24 HOUR A DAY, 7 DAYS) A WEEK TO OUR SERVICE COMMUNITY.

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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 $1,893,822

Program Service Revenue $78,758,723

Investment Income $525,822

Other Revenue $3,596,816

TOTAL REVENUE $84,775,183

Expense Breakdown

Grants Paid $0

Salaries & Benefits $40,250,293

Fundraising Expenses $0

Program Expenses $68,071,478

Other Expenses $45,230,676

TOTAL EXPENSES $85,480,969

Year-over-Year Comparison

	2023	2022	Change
Revenue	$84,775,183	$80,352,493	+0.1%
Expenses	$85,480,969	$86,363,445	0.0%
Net Income	$-705,786	$-6,010,952	-0.9%

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

758

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

$1,163,048

Total Directors

$1,333,037

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
STEVEN BAKER MD	PHYSICIAN	40.00	Highest	$1,033,173	$7,214	$1,040,387
BRIAN DIX MD	PHYISICIAN(T	40.00	Highest	$522,188	$37,768	$559,956
MARY EMILY SHEFFIELD MD	PHYSICIAN	40.00	Director	$498,865	$47,766	$546,631
ALEX MINTER MD	PHYISICIAN	40.00	Highest	$478,412	$45,662	$524,074
WILLIAM MOORE MD	PHYSICIAN	40.00	Highest	$441,160	$25,314	$466,474
LOTHER E PEACE III	PRESIDENT/CE	40.00	Officer Director	$439,532	$4,824	$444,356
JOHN WAYNE ADAMS	PHYSICIAN	40.00	Highest	$395,380	$21,651	$417,031
KAREN MOCKLER MD	DIRECTOR/PHY	40.00	Director	$298,663	$23,264	$321,927
JAMES M FISHER	CFO	40.00	Officer	$275,283	$9,017	$284,300
PAULA DAVENPORT	CNO	40.00	Officer	$248,345	$5,259	$253,604
SARAH BETH GETTYS	VP PT SVS	40.00	Officer	$175,627	$5,161	$180,788
THOMAS RADNEY	DIRECTOR	5.00	Director	$20,123	$0	$20,123
DIMO POPOV M D	DIRECTOR	5.00	Director	$0	$0	$0
WILL FERNIANY	DIRECTOR	5.00	Director	$0	$0	$0
STEVE FOREHAND	DIRECTOR	5.00	Director	$0	$0	$0
RALPH FROHSIN	SECRETARY/TR	5.00	Director	$0	$0	$0
RANDY HAYNES	VICE CHAIRMA	5.00	Director	$0	$0	$0
HUGH NEIGHBORS III	CHAIRMAN	5.00	Director	$0	$0	$0
DON LILLY	DIRECTOR	5.00	Director	$0	$0	$0
ARNOLD TAURO MD	DIRECTOR	5.00	Director	$0	$0	$0
JENNIFER STEELE MD	DIRECTOR	5.00	Director	$0	$0	$0
BENJAMIN RUSSELL	DIRECTOR	5.00	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
2024	No data	No data	No data	No data
2023	$84,775,183	$85,480,969	$89,350,679	$-705,786
2022	$80,352,493	$86,363,445	$153,833,264	$-6,010,952
2021	$111,392,517	$88,564,547	$200,974,308	$22,827,970
2020	$84,140,528	$82,155,218	$185,250,249	$1,985,310
2019	$72,545,779	$74,920,627	$92,592,835	$-2,374,848
2018	$61,882,383	$74,078,051	$89,626,068	$-12,195,668