HOWARD MEMORIAL HOSPITAL

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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

1987

Legal Domicile

Phone

8708454400

Tax Period

2023-10-01 to 2024-09-30

HOWARD MEMORIAL HOSPITAL, founded in 1987, is a mid-sized nonprofit in the Health Care sector that reported $32.2M in total revenue in fiscal year 2023.

Mission

HMH MISSION STATEMENT IS "IMPROVING THE HEALTH OF THE COMMUNITIES WE SERVE". HMH VISION IS "TO BE THE RESPECTED HEALTHCARE LEADER PROVIDING SERVICE EXCELLENCE TO SOUTHWEST ARKANSAS".

Program Service Accomplishments

Program 1

Expenses: $23,586,809

HOWARD MEMORIAL HOSPITAL IS CLASSIFIED AS A 20-BED CRITICAL ACCESS HOSPITAL AND PROVIDES ACUTE AND SWING BED SERVICES. THE HOSPITAL PROVIDES MEDICAL CARE TO RESIDENTS OF SOUTHWESTERN ARKANSAS. THIS CARE INCLUDED APPROXIMATELY 2,705 INPATIENT DAYS OF CARE, AS WELL AS 25,599 OUTPATIENT VISITS AND 9,052 EMERGENCY DEPARTMENT VISITS, TO BENEFIT THE POOR AND ELDERLY IN THE COMMUNITY, THE HOSPITAL PARTICIPATED IN MEDICARE AND MEDICAID PROGRAMS. 923 DAYS OF CARE WERE PROVIDED TO PARTICIPANTS IN THESE PROGRAMS. ADDITIONALLY, HMH PROVIDED CARE FOR 1,054 SWING BED PATIENT DAYS.

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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 $719,800

Program Service Revenue $30,263,391

Investment Income $416,376

Other Revenue $822,578

TOTAL REVENUE $32,222,145

Expense Breakdown

Grants Paid $0

Salaries & Benefits $15,024,783

Fundraising Expenses $0

Program Expenses $23,586,809

Other Expenses $17,410,848

TOTAL EXPENSES $32,435,631

Year-over-Year Comparison

	2023	2022	Change
Revenue	$32,222,145	$29,883,671	+0.1%
Expenses	$32,435,631	$31,246,292	+0.0%
Net Income	$-213,486	$-1,362,621	-0.8%

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

271

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

$358,116

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CHARLES CALDWELL	PHYSICIAN	40.00		$251,731	$0	$251,731
SIFAU Y OLADIPO	PHYSICIAN	40.00		$226,382	$0	$226,382
DEBRA WRIGHT	FORMER CEO	40.00	Officer	$179,481	$0	$179,481
WILLIAM CRAIG	CFO	40.00	Officer	$178,635	$0	$178,635
PAUL COX	PHYSICAL THERAPIST	40.00		$155,660	$0	$155,660
GARY MANLY	CRNA	40.00		$155,179	$0	$155,179
SYDNEY REED	PHARMACIST	40.00		$133,437	$0	$133,437
MARK KITCHENS	Chairman	1.00	Officer Director	$0	$0	$0
GLENN LANCE DDS	Member	1.00	Director	$0	$0	$0
TEM GUNTER	Treasurer	1.00	Officer Director	$0	$0	$0
GABRIEL GREEN	Member	1.00	Director	$0	$0	$0
CARLA PUMPHREY MD	MEMBER	40.00	Director	$0	$0	$0
JOHNNY MCJUNKINS	Member	1.00	Director	$0	$0	$0
JULIE RHODES	VICE CHAIR	1.00	Officer Director	$0	$0	$0
WES HOWARD	Secretary	1.00	Officer 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
2024	$32,222,145	$32,435,631	$34,886,661	$-213,486
2023	$29,883,671	$31,246,292	$32,660,732	$-1,362,621
2022	$30,904,194	$30,770,387	$31,245,898	$133,807
2021	$36,013,047	$31,751,745	$36,111,251	$4,261,302
2020	$26,331,009	$25,617,050	$36,211,770	$713,959
2019	$25,325,807	$25,245,752	$27,352,276	$80,055
2018	$22,452,830	$23,596,999	$27,025,288	$-1,144,169