White River Health System Inc (EIN 710411459) - Form 990 Financial Analysis & Trantor Score

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Tuckman-Chang Vulnerability Assessment

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1976

Legal Domicile

Phone

8706986520

Tax Period

2023-10-01 to 2024-09-30

WHITE RIVER HEALTH SYSTEM INC, founded in 1976, is a major nonprofit in the Health Care sector that reported $249.3M in total revenue in fiscal year 2017. Revenue grew 11% year-over-year, indicating healthy expansion.

Mission

WRHS MISSION IS TO PROVIDE QUALITY HEALTHCARE AND IMPROVE THE HEALTH OF OUR COMMUNITIES.

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Trantor Score

Financial Health & Payment Capacity Assessment (FICO Scale: 300–850)

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $823,437

Program Service Revenue $286,420,081

Investment Income $3,493,067

Other Revenue $2,134,249

TOTAL REVENUE $292,870,834

Expense Breakdown

Grants Paid $166,229

Salaries & Benefits $162,980,905

Fundraising Expenses $0

Program Expenses $247,675,719

Other Expenses $133,473,775

TOTAL EXPENSES $296,620,909

Year-over-Year Comparison

	2023	2022	Change
Revenue	$292,870,834	$287,011,098	+0.0%
Expenses	$296,620,909	$296,744,596	0.0%
Net Income	$-3,750,075	$-9,733,498	-0.6%

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

2374

Volunteers

100

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

$2,642,656

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Kevin Rose	Chairman	1.0	Officer Director	$0	$0	$0
Randy Cross	Vice Chairman	1.0	Officer Director	$0	$0	$0
BETH CHRISTIAN	DIRECTOR	1.0	Director	$0	$0	$0
CRYSTAL JOHNSON	DIRECTOR	1.0	Director	$0	$0	$0
Jason Taylor	Director	1.0	Director	$0	$0	$0
Paula Terrell	Director	1.0	Director	$0	$0	$0
Philip Brissey	Secretary	1.0	Director	$0	$0	$0
Rick Elumbaugh	Director	1.0	Director	$0	$0	$0
Robert Mcintire	Director	1.0	Director	$0	$0	$0
Steve Bryant	Director	1.0	Director	$0	$0	$0
Tina Wheelis	Director	1.0	Director	$0	$0	$0
Chris Steel	IP Chief Medical Officer	40.0	Officer	$263,843	$0	$263,843
Gary Paxson	President, CEO	40.0	Officer	$599,723	$20,804	$620,527
Jeff Reifsteck	EVP Chief Information Officer	40.0	Officer	$215,760	$13,742	$229,502
Jennifer Sandage	EVP Chief Nursing Officer	40.0	Officer	$225,941	$16,092	$242,033
Joseph Smotherman	EVP CSO/COO	40.0	Officer	$256,278	$18,551	$274,829
Kathy Thomas	EVP SCMC	40.0	Officer	$173,611	$11,208	$184,819
Lindsey Castleberry	EVP HR/Legal Counsel	40.0	Officer	$274,842	$16,702	$291,544
Robert Wright	EVP Physician Services	40.0	Officer	$238,111	$12,225	$250,336
Shawna Ives	EVP CFO	40.0	Officer	$271,474	$13,749	$285,223
Charles Varela	Physician	40.0	Highest	$963,051	$10,794	$973,845
Dylan Carpenter	Physician	40.0	Highest	$1,207,666	$17,169	$1,224,835
Jeff Angel	physician	40.0	Highest	$829,118	$14,960	$844,078
Mahesh A Narayanan	Physician	40.0	Highest	$1,264,125	$3,130	$1,267,255
Wesley Greer	Physician	40.0	Highest	$933,833	$17,592	$951,425

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	$292,870,834	$296,620,909	$233,073,865	$-3,750,075
2023	$287,011,098	$296,744,596	$238,722,448	$-9,733,498
2022	$291,657,100	$295,318,299	$249,893,967	$-3,661,199
2021	$299,685,485	$264,019,663	$290,100,364	$35,665,822
2020	$259,049,712	$256,780,899	$282,000,747	$2,268,813
2019	$264,127,444	$262,877,348	$227,497,059	$1,250,096
2018	$249,334,948	$247,857,739	$228,306,674	$1,477,209

White River Health System Inc