Marion Regional Medical Center Inc

EIN: 640926753 501(c)(3) Health Care

TUPELO, MS

Total Revenue
$18,745,610
Total Expenses
$22,237,799
Total Assets
$7,578,949
Net Assets
$-31,281,483
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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
2000
Legal Domicile
DE
Phone
6623773978
Tax Period
2023-10-01 to 2024-09-30

Marion Regional Medical Center Inc, founded in 2000, is a mid-sized nonprofit in the Health Care sector that reported $18.7M in total revenue in fiscal year 2023. Expenses of $22.2M exceeded revenue, resulting in a 19% operating deficit.

Mission

MARION REGIONAL MEDICAL CENTER, INC. OPERATES A 49 BED ACUTE CARE HOSPITAL AND A 79 BED NURSING HOME LOCATED IN HAMILTON, ALABAMA.

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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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $40,000
Program Service Revenue $18,597,040
Investment Income $43,093
Other Revenue $65,477
TOTAL REVENUE $18,745,610

Expense Breakdown

Grants Paid $0
Salaries & Benefits $14,883,945
Fundraising Expenses $0
Program Expenses $21,273,427
Other Expenses $7,353,854
TOTAL EXPENSES $22,237,799

Year-over-Year Comparison

2023 2022 Change
Revenue $18,745,610 $19,097,200 0.0%
Expenses $22,237,799 $23,302,301 0.0%
Net Income $-3,492,189 $-4,205,101 -0.2%
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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Governance

Voting Members
5
Independent Members
5
Employees
291
Volunteers
7

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
4
$4,066,084
Total Directors
5
$0
Key Employees
2
$453,283
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
SONNY NIX CHAIRMAN 1.0
Officer Director
$0 $0 $0
BELINDA MCRAE DIRECTOR 1.0
Director
$0 $0 $0
BOBBY WALLACE DIRECTOR 1.0
Director
$0 $0 $0
WADE NIXON DIRECTOR 1.0
Director
$0 $0 $0
WYMON JERONE FREDERICK DIRECTOR 1.0
Director
$0 $0 $0
BRUCE TOPPIN SECRETARY 1.0
Officer
$0 $14,992 $682,564
MICHAEL S SPEES PRESIDENT 0.5
Officer
$0 $27,228 $2,346,750
SHARON NOBLES TREASURER 1.0
Officer
$0 $29,248 $1,036,770
ROBERT TRIMM ADMINISTRATOR 40.0
Key Emp
$167,178 $9,136 $176,314
ROBIN MIXON ADMINISTRATOR 20.0
Key Emp
$0 $29,126 $276,969
CESAR ROMERO PHYSICIAN 40.0
Highest
$481,548 $29,856 $511,404
DIEGO F HIDALGO ESPINEL PHYSICIAN 40.0
Highest
$367,751 $9,582 $377,333
ERIC TILLOTSON PHYSICIAN 40.0
Highest
$188,774 $8,422 $197,196
KERI MERSCHMAN PHYSICIAN 40.0
Highest
$440,081 $24,180 $464,261
MARY SANTIAGO PHYSICIAN 40.0
Highest
$210,123 $17,563 $227,686
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 $18,745,610 $22,237,799 $7,578,949 $-3,492,189
2023 $19,097,200 $23,302,301 $8,633,934 $-4,205,101
2022 $21,178,998 $21,431,645 $8,215,075 $-252,647
2021 $19,996,025 $22,289,310 $7,422,591 $-2,293,285
2020 $23,326,062 $28,031,556 $7,146,945 $-4,705,494
2019 $21,421,847 $23,928,161 $7,284,456 $-2,506,314
2018 $21,184,022 $24,078,153 $8,743,999 $-2,894,131
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