NEWMAN MEMORIAL HOSPITAL INC

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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

1920

Legal Domicile

Principal Officer

TOM VASKO

Phone

5809382551

Tax Period

2023-01-01 to 2023-12-31

NEWMAN MEMORIAL HOSPITAL INC, founded in 1920, is a mid-sized nonprofit in the Health Care sector that reported $13.2M in total revenue in fiscal year 2023.

Mission

TO PROVIDE THE HIGHEST QUALITY PATIENT CARE EXPERIENCE WITH COMMITTMENT TO VALUE AND EXCELLENCE.

Program Service Accomplishments

Program 1

Expenses: $10,305,172 Revenue: $12,233,004

NEWMAN MEMORIAL HOSPITAL IS A 25-BED CRITICAL ACCESS HOSPITAL LOCATED IN SHATTUCK, OKLAHOMA. THE HOSPITAL STRIVES TO PROVIDE ITS COMMUNITY AND PATIENTS A WIDE VARIETY OF SERVICES WITH EXCEPTIONAL...

NEWMAN MEMORIAL HOSPITAL IS A 25-BED CRITICAL ACCESS HOSPITAL LOCATED IN SHATTUCK, OKLAHOMA. THE HOSPITAL STRIVES TO PROVIDE ITS COMMUNITY AND PATIENTS A WIDE VARIETY OF SERVICES WITH EXCEPTIONAL CARE AND CONVENIENT SCHEDULING. WE PROVIDE GENERAL MEDICAL AND SURGICAL CARE FOR INPATIENT, OUTPATIENT AND EMERGENCY ROOM PATIENTS. IN ADDITION, OUR URGENT CARE CLINIC IS OPEN 7 DAYS A WEEK WITH NO APPOINTMENT NECESSARY TO SEE A PHYSICIAN. NEWMAN MEMORIAL HOSPITAL PROVIDES QUALITY MEDICAL HEALTHCARE REGARDLESS OF RACE, CREED, SEX, NATIONAL ORIGIN, DISABILITY, AGE, OR ABILITY TO PAY. THE HOSPITAL PROVIDED 2,513 DAYS OF ACUTE CARE SERVICES. IN ADDITION, THE HOSPITAL PROVIDED 2,688 OBSERVATION HOURS AND 6,313 RURAL HEALTH CLINIC VISITS. (SEE SCHEDULE O FOR CONTINUATION)

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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 $860,224

Program Service Revenue $12,233,004

Investment Income $21,183

Other Revenue $69,112

TOTAL REVENUE $13,183,523

Expense Breakdown

Grants Paid $0

Salaries & Benefits $6,276,109

Fundraising Expenses $0

Program Expenses $10,305,172

Other Expenses $7,151,124

TOTAL EXPENSES $13,427,233

Year-over-Year Comparison

	2023	2022	Change
Revenue	$13,183,523	$13,650,054	0.0%
Expenses	$13,427,233	$13,153,812	+0.0%
Net Income	$-243,710	$496,242	-1.5%

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

136

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

$404,636

Total Directors

$405,076

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DANA STUART	CHIEF OF STA	40.00	Director	$363,690	$16,386	$380,076
TOM VASKO	CEO	40.00	Officer	$193,193	$4,725	$197,918
SHANDY BAGGS	APRN	40.00	Highest	$153,078	$10,018	$163,096
STEVE BROCK	CFO (ENDED 0	40.00	Officer	$137,966	$11,189	$149,155
AMY FULCHER	RN	40.00	Highest	$136,219	$7,868	$144,087
JERSON PENAFLOR	LAB MANAGER	40.00	Highest	$120,535	$6,293	$126,828
HEATHER LONGHOFER	RADIOLOGY MA	40.00	Highest	$118,210	$0	$118,210
MATTHEW BUDIG	COO	40.00	Highest	$117,745	$5,129	$122,874
DORAN HAMMETT	CFO (BEGAN 1	40.00	Officer	$32,563	$0	$32,563
GREG HUENEGARDT	PRESIDENT	5.00	Officer Director	$25,000	$0	$25,000
ANGIE PRATHER	VICE PRESIDE	2.00	Officer Director	$0	$0	$0
JENI HINKLE	DIRECTOR	1.00	Director	$0	$0	$0
JOHN CULLY	DIRECTOR	1.00	Director	$0	$0	$0
RICK MESSER	DIRECTOR	1.00	Director	$0	$0	$0
BARCLAY HOLT	DIRECTOR	1.00	Director	$0	$0	$0
DEELYN POOL	DIRECTOR	1.00	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	No data	No data	No data	No data
2023	$13,183,523	$13,427,233	$4,040,545	$-243,710
2022	$13,650,054	$13,153,812	$4,018,862	$496,242
2021	$14,198,322	$9,453,821	$4,540,298	$4,744,501
2020	$8,993,990	$8,480,124	$7,410,548	$513,866
2019	$6,328,013	$7,846,665	$3,565,393	$-1,518,652
2018	$6,194,799	$8,255,246	$5,157,161	$-2,060,447