INDEPENDENT HEALTHCARE MANAGEMENT (EIN 640770155) - 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

1989

Legal Domicile

Principal Officer

SYDNEY SAWYER

Phone

6018496440

Tax Period

2023-01-01 to 2023-12-31

INDEPENDENT HEALTHCARE MANAGEMENT, founded in 1989, is a mid-sized nonprofit in the Health Care sector that reported $52.9M in total revenue in fiscal year 2023. Expenses of $49.1M left a modest 7% surplus.

Mission

INDEPENDENT HEALTHCARE MANAGEMENT OPERATES A HOSPITAL AND SEVERAL AFFILIATED MEDICAL CLINICS IN FOREST, MISSISSIPPI AND SCOTT COUNTY, MISSISSIPPI.

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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 $10,360,553

Program Service Revenue $37,181,172

Investment Income $143,847

Other Revenue $5,257,264

TOTAL REVENUE $52,942,836

Expense Breakdown

Grants Paid $0

Salaries & Benefits $19,644,425

Fundraising Expenses $0

Program Expenses $39,469,103

Other Expenses $29,411,136

TOTAL EXPENSES $49,055,561

Year-over-Year Comparison

	2023	2022	Change
Revenue	$52,942,836	$49,295,180	+0.1%
Expenses	$49,055,561	$45,435,425	+0.1%
Net Income	$3,887,275	$3,859,755	+0.0%

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

397

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

$9,000

Total Directors

$54,000

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DR JOHN PAUL LEE	CHAIRMAN	40.00	Director	$9,000	$0	$9,000
JOSEPH S JOSH MCNULTY IV	SECRETARY	1.00	Officer Director	$9,000	$0	$9,000
JAMES JOHNSTON	DIRECTOR	1.00	Director	$9,000	$0	$9,000
DR GREG ODEN	DIRECTOR	1.00	Director	$9,000	$0	$9,000
SCOTT PALMER	DIRECTOR	1.00	Director	$9,000	$0	$9,000
SYDNEY SAWYER	DIRECTOR	1.00	Director	$9,000	$0	$9,000
DANIEL WALKER	PHYSICIAN	40.00	Highest	$324,132	$17,092	$341,224
JOHN COLEMAN	PHYSICIAN	40.00	Highest	$299,097	$16,431	$315,528
FRANK WADE	PHYSICIAN	40.00	Highest	$285,833	$5,976	$291,809
DON GIBSON	PHYSICIAN	40.00	Highest	$276,065	$8,402	$284,467
MANDY MUNN	PHYSICIAN	40.00	Highest	$258,143	$20,737	$278,880

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	$52,942,836	$49,055,561	$35,628,730	$3,887,275
2022	$49,295,180	$45,435,425	$38,587,171	$3,859,755
2021	$47,802,744	$44,270,234	$20,184,780	$3,532,510
2020	$37,167,302	$38,310,368	$22,857,557	$-1,143,066
2019	$35,811,098	$34,021,613	$10,433,933	$1,789,485
2018	$29,093,741	$27,589,982	$8,780,660	$1,503,759

INDEPENDENT HEALTHCARE MANAGEMENT