MAGEE BENEVOLENT ASSOCIATION (EIN 640324402) - 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

1942

Legal Domicile

Principal Officer

GREGG GIBBES

Phone

6018495070

Tax Period

2023-01-01 to 2023-12-31

MAGEE BENEVOLENT ASSOCIATION, founded in 1942, is a mid-sized nonprofit in the Health Care sector that reported $17.7M in total revenue in fiscal year 2023. Revenue decreased 17% compared to the prior year.

Mission

MAGEE GENERAL HOSPITAL SHALL CONTINUE TO PROVIDE QUALITY HEALTHCARE TO THOSE THAT PRESENT THEMSELVES FOR OUR SERVICES. WE ARE DEDICATED TO MEET THE CHALLENGES OF THE FUTURE TO ASSURE THAT PEOPLE OF THIS COMMUNITY RECEIVE QUALITY HEALTHCARE AT A REASONABLE COST. WE ARE COMMITTED TO MAINTAIN PATIENT CONFIDENTIALITY AND TO COMFORT AND RESPECT PATIENTS, FAMILIES AND FRIENDS.

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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 $843,993

Program Service Revenue $16,156,626

Investment Income $659

Other Revenue $658,460

TOTAL REVENUE $17,659,738

Expense Breakdown

Grants Paid $0

Salaries & Benefits $9,339,584

Fundraising Expenses $0

Program Expenses $12,016,359

Other Expenses $8,914,805

TOTAL EXPENSES $18,254,389

Year-over-Year Comparison

	2023	2022	Change
Revenue	$17,659,738	$21,318,805	-0.2%
Expenses	$18,254,389	$19,712,601	-0.1%
Net Income	$-594,651	$1,606,204	-1.4%

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

275

Volunteers

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
W BENNET HUBBARD JR	BOARD CHAIRMAN/PRESIDENT	1.00	Director	$0	$0	$0
JOE STEPHENS	TREASURER	1.00	Director	$0	$0	$0
STAN BUGLER	SECRETARY	1.00	Director	$0	$0	$0
ROBBIE BARNES	VICE CHAIRMAN	1.00	Director	$0	$0	$0
GREGG GIBBES	CEO	1.00	Officer Director	$0	$0	$0
GEORGE E GILLESPIE	PHYSICIAN	40.00	Highest	$610,019	$0	$610,019
JUANITA TURNER	PHARMACIST	40.00	Highest	$124,083	$970	$125,053
JOSHUA ALDERMAN	ER PROVIDER	40.00	Highest	$225,361	$0	$225,361
JOHN WELLS	CRNA	40.00	Highest	$234,407	$0	$234,407
JILL NICHOLAS	HOSPITALIST	40.00	Highest	$113,277	$0	$113,277
ROBIN HARDIN	NURSE PRACTITIONER	40.00	Highest	$116,759	$0	$116,759
CRYSTAL GRANTHAM	NURSE PRACTITIONER	40.00	Highest	$101,585	$0	$101,585
MATTHEW MCHAN	REVENUE DIRECTOR	40.00	Highest	$100,363	$12,035	$112,398
ELIZABETH WIGLEY	REGISTERED NURSE	40.00	Highest	$105,968	$1,637	$107,605

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	$17,659,738	$18,254,389	$8,927,245	$-594,651
2022	$21,318,805	$19,712,601	$9,721,189	$1,606,204
2021	$23,055,560	$20,921,008	$16,724,751	$2,134,552
2020	$19,551,227	$17,940,580	$15,207,755	$1,610,647
2019	$15,578,372	$17,123,433	$8,438,414	$-1,545,061
2018	$13,999,388	$16,574,339	$9,875,497	$-2,574,951
2017	$16,916,130	$19,947,361	$10,684,753	$-3,031,231

MAGEE BENEVOLENT ASSOCIATION