Washington Regional Medical Services (EIN 710664683) - 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

1988

Legal Domicile

Phone

4794631120

Tax Period

2024-01-01 to 2024-12-31

Washington Regional Medical Services, founded in 1988, is a community nonprofit that reported $1.0M in total revenue in fiscal year 2020. Revenue surged 84% from the prior year, signaling strong growth momentum. The organization ran a surplus of $790K, a strong 75% operating margin.

Mission

THE ORGANIZATION OWNS REAL ESTATE AND DEVELOPS AND MANAGES HEALTHCARE FACILITIES AND SERVICES THAT SUPPORT THE MISSION OF WASHINGTON REGIONAL MEDICAL CENTER.

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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 (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $3,763,379

Investment Income $90

Other Revenue $0

TOTAL REVENUE $3,763,469

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $1,639,706

Other Expenses $1,639,706

TOTAL EXPENSES $1,639,706

Year-over-Year Comparison

	2024	2023	Change
Revenue	$3,763,469	$3,109,460	+0.2%
Expenses	$1,639,706	$1,597,169	+0.0%
Net Income	$2,123,763	$1,512,291	+0.4%

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

N/A

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

$1,853,967

Total Directors

$108,008

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BROCK GEARHART	CHAIRMAN	1.0	Officer Director	$0	$0	$0
M GARETH ECK	VICE CHAIR	1.0	Officer Director	$0	$16,543	$108,008
MARSHALL SAVIERS	SECRETARY	1.0	Officer Director	$0	$0	$0
ANNE O'LEARY-KELLY	DIRECTOR	1.0	Director	$0	$0	$0
BRITTON LOTT	DIRECTOR	1.0	Director	$0	$0	$0
DREW ROGERS	DIRECTOR	1.0	Director	$0	$0	$0
GREG W LEE	DIRECTOR	1.0	Director	$0	$0	$0
NEAL PENDERGRAFT	DIRECTOR	1.0	Director	$0	$0	$0
STACY HANBY	DIRECTOR	1.0	Director	$0	$0	$0
DENNIS BURROWS	VP OF FINANCE	1.0	Officer	$0	$30,523	$201,798
LARRY SHACKELFORD	PRESIDENT & CEO	1.0	Officer	$0	$34,269	$967,624
THOMAS OLMSTEAD	SVP & GENERAL COUNSEL	1.0	Officer	$0	$39,350	$576,537

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	$3,763,469	$1,639,706	$43,871,914	$2,123,763
2023	$3,109,460	$1,597,169	$44,251,243	$1,512,291
2022	$3,715,475	$1,780,822	$45,000,058	$1,934,653
2021	$1,280,669	$301,255	$45,788,814	$979,414
2020	$1,049,884	$259,691	$40,318,606	$790,193

Washington Regional Medical Services