CULLMAN REGIONAL MEDICAL CENTER INC

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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

1939

Legal Domicile

Principal Officer

TIM CULPEPPER

Phone

2567372598

Tax Period

2023-07-01 to 2024-06-30

CULLMAN REGIONAL MEDICAL CENTER INC, founded in 1939, is a major nonprofit in the Health Care sector that reported $191.1M in total revenue in fiscal year 2023.

Mission

CULLMAN REGIONAL MEDICAL CENTER, LICENSED FOR 175 BEDS, OPERATES A 175-BED GENERAL ACUTE CARE HOSPITAL FOR THE COMMUNITY OF CULLMAN, ALABAMA AND SURROUNDING AREAS REGARDLESS OF A PATIENT'S ABILITY TO PAY.

Program Service Accomplishments

Program 1

Expenses: $174,372,787 Revenue: $182,022,875

CRMC PROVIDES ACUTE CARE PATIENT SERVICES WHICH ARE RENDERED TO ALL MEMBERS OF THE COMMUNITY REGARDLESS OF THEIR ABILITY TO PAY. CRMC USES CHARITY APPLICATIONS BASED UPON FEDERAL POVERTY GUIDELINES AND FAMILY SIZE TO DETERMINE ELIGIBILITY FOLLOWING SERVICES PROVIDED. CRMC PROVIDES CARE 24 HOURS PER DAY, SEVEN DAYS A WEEK AND HAS PROVIDED 32,606 INPATIENT DAYS CARE, 7.53% WERE NOT COVERED BY ANY GOVERNMENTAL OR PRIVATE INSURANCE PLAN; 48,806 EMERGENCY ROOM VISITS, 16.53% WERE NOT COVERED BY ANY GOVERNMENTAL OR PRIVATE INSURANCE PLAN; AND 112,878 OUTPATIENT VISITS, 6.05% NOT COVERED BY ANY GOVERNMENTAL OR PRIVATE INSURANCE PLAN. THE TOTAL UNREIMBURSED COST OF MEDICAL SERVICES PROVIDED TO THOSE NOT COVERED BY ANY GOVERNMENTAL OR PRIVATE INSURANCE PLAN IS REPORTED ON SCHEDULE H. CRMC ALSO PROVIDES COMMUNITY EDUCATION AND WELLNESS ACTIVITIES TO THE COMMUNITY AND IS A MAJOR CONTRIBUTOR TO A LOCAL INDIGENT CLINIC SERVICING CULLMAN COUNTY.

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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 $1,385,271

Program Service Revenue $179,562,096

Investment Income $1,133,428

Other Revenue $9,044,237

TOTAL REVENUE $191,125,032

Expense Breakdown

Grants Paid $3,736,804

Salaries & Benefits $111,333,421

Fundraising Expenses $0

Program Expenses $174,372,787

Other Expenses $77,842,072

TOTAL EXPENSES $192,912,297

Year-over-Year Comparison

	2023	2022	Change
Revenue	$191,125,032	$180,494,215	+0.1%
Expenses	$192,912,297	$177,312,584	+0.1%
Net Income	$-1,787,265	$3,181,631	-1.6%

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

1871

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

$153,928

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
STEPHEN GOULD MD	SURGEON	40.00	Highest	$826,246	$11,375	$837,621
PHILLIP KRAVETZ MD	PHYSICIAN	40.00	Highest	$722,326	$35,310	$757,636
GREGORY THOMPSON	SURGEON	40.00	Highest	$675,164	$31,540	$706,704
CONNOR OJARD	SURGEON	40.00	Highest	$618,224	$18,192	$636,416
PATRICK TOMENY	ANESTHESIOLO	40.00	Highest	$592,214	$33,303	$625,517
TAMMY PARRIS	OFFICER	40.00	Officer	$146,872	$7,056	$153,928
BETH ANDERSON	IMMEDIATE PA	N/A	Officer Director	$0	$0	$0
SARA BAKER	SECRETARY	1.00	Director	$0	$0	$0
MARK BUSSMAN	MEMBER	1.00	Director	$0	$0	$0
TIM CULPEPPER	CHAIRMAN	1.00	Officer Director	$0	$0	$0
GINGER HOGELAND	MEMBER	1.00	Director	$0	$0	$0
ROGER HUMPHREY	MEMBER(TERM	N/A	Director	$0	$0	$0
PERRY KNIGHT	VICE CHAIR	1.00	Officer Director	$0	$0	$0
BEN GOMEZ MD	MEMBER(TERM1	N/A	Director	$0	$0	$0
DENNIS RICHARD	TREASURER	1.00	Officer Director	$0	$0	$0
TYLER RODEN	MEMBER(TERM1	N/A	Director	$0	$0	$0
RODNEY WHITTLE	MEMBER	1.00	Director	$0	$0	$0
ALAN WOOD	MEMBER	1.00	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	No data	No data	No data	No data
2024	$191,125,032	$192,912,297	$233,677,380	$-1,787,265
2023	$180,494,215	$177,312,584	$236,302,025	$3,181,631
2022	$184,887,968	$176,582,087	$226,017,337	$8,305,881
2021	$165,872,359	$157,997,107	$187,038,262	$7,875,252
2020	$137,784,557	$131,734,411	$178,891,532	$6,050,146
2019	$129,530,714	$119,730,873	$136,943,813	$9,799,841
2018	$121,143,011	$109,950,801	$138,154,457	$11,192,210