Hendrick Medical Center (EIN 750827446) - Form 990 Financial Analysis & Trantor Score

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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

1923

Legal Domicile

Phone

3256702000

Tax Period

2023-09-01 to 2024-08-31

Hendrick Medical Center, founded in 1923, is a major nonprofit in the Health Care sector that reported $940.8M in total revenue in fiscal year 2023. Revenue grew 16% year-over-year, indicating healthy expansion. The organization ran a surplus of $165.2M, a strong 18% operating margin.

Mission

TO DELIVER HIGH QUALITY HEALTHCARE EMPHASIZING EXCELLENCE AND COMPASSION CONSISTENT WITH THE HEALING MINISTRY OF JESUS CHRIST.

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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 $3,903,994

Program Service Revenue $897,563,070

Investment Income $24,051,786

Other Revenue $15,246,113

TOTAL REVENUE $940,764,963

Expense Breakdown

Grants Paid $693,186

Salaries & Benefits $361,293,712

Fundraising Expenses $0

Program Expenses $629,796,964

Other Expenses $413,562,776

TOTAL EXPENSES $775,549,674

Year-over-Year Comparison

	2023	2022	Change
Revenue	$940,764,963	$810,096,639	+0.2%
Expenses	$775,549,674	$698,866,181	+0.1%
Net Income	$165,215,289	$111,230,458	+0.5%

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

4769

Volunteers

199

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

$8,542,351

Total Directors

$95,726

Key Employees

$490,416

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DIANE LEGGETT	SECRETARY	2.0	Officer Director	$0	$0	$0
JOE MELSON	CHAIR	2.0	Officer Director	$0	$0	$0
LARRY SMITH	2ND VICE CHAIR	2.0	Officer Director	$0	$0	$0
LEIGH BLACK	1ST VICE CHAIR	2.0	Officer Director	$0	$0	$0
RANDY LLOYD	CHAIR	2.0	Officer Director	$0	$0	$0
SCOTT HIBBS	SECRETARY	2.0	Officer Director	$0	$0	$0
CATHY ASHBY	TRUSTEE	2.0	Director	$0	$0	$0
DAVID GROOMS	TRUSTEE	2.0	Director	$0	$0	$0
EVAN HARRIS	TRUSTEE	2.0	Director	$0	$0	$0
JANET O'DELL	TRUSTEE	2.0	Director	$0	$0	$0
LANNY VINSON	TRUSTEE	2.0	Director	$0	$0	$0
MATT HIGGINS	TRUSTEE	2.0	Director	$0	$0	$0
MIKE WOODARD	TRUSTEE	2.0	Director	$0	$0	$0
NORM ARCHIBALD	DIRECTOR	40.0	Director	$95,726	$0	$95,726
PAUL WALDROP	TRUSTEE	2.0	Director	$0	$0	$0
RICHARD DARDEN	TRUSTEE	2.0	Director	$0	$0	$0
RICHARD FLORES	TRUSTEE	2.0	Director	$0	$0	$0
RICK WALDRAFF	TRUSTEE	2.0	Director	$0	$0	$0
RON FOGLE	TRUSTEE	2.0	Director	$0	$0	$0
SHANNON NIX	TRUSTEE	2.0	Director	$0	$0	$0
Adam Wood	ASSISTANT VICE PRESIDENT	40.0	Officer	$182,817	$45,021	$227,838
Brad Holland	President/CEO	40.0	Officer	$1,433,865	$211,018	$1,644,883
Brian Bessent	VICE PRESIDENT/CSO	40.0	Officer	$409,187	$68,226	$477,413
Christie Eckhardt	VICE PRESIDENT	40.0	Officer	$116,270	$7,071	$123,341
Christopher Ford	ASSISTANT VICE PRESIDENT	40.0	Officer	$218,698	$11,435	$230,133
Courtney Head	VICE PRESIDENT, HUMAN RESOURCES	40.0	Officer	$199,352	$50,217	$249,569
David Stephenson	VICE PRESIDENT	2.0	Officer	$0	$43,055	$343,964
Heather Ray	CHIEF NURSING OFFICER	40.0	Officer	$281,739	$13,558	$295,297
Jeremy Walker	VICE PRESIDENT/CFO	40.0	Officer	$672,605	$70,987	$743,592
Judith Lafrance	CHIEF ADMINISTRATIVE OFFICER	40.0	Officer	$271,675	$39,754	$311,429
Kirk Canada	VICE PRESIDENT/COO	40.0	Officer	$342,799	$60,634	$403,433
Mark Huffington	ASSISTANT VICE PRESIDENT	40.0	Officer	$183,883	$47,160	$231,043
Michael Murphy	VICE PRESIDENT/COO	40.0	Officer	$541,073	$41,552	$582,625
Rob Wiley	VICE PRESIDENT/CMO/CQO	40.0	Officer	$692,028	$74,543	$766,571
RONALD DAVID EVANS	VICE PRESIDENT	40.0	Officer	$148,066	$20,091	$168,157
Susan E Greenwood	VICE PRESIDENT/CNO	40.0	Officer	$415,606	$56,851	$472,457
Susan Wade	VICE PRESIDENT	40.0	Officer	$444,186	$42,183	$486,369
Tave L Kelly	ASSISTANT VICE PRESIDENT	40.0	Officer	$240,176	$37,148	$277,324
Treva Broderick	ASSISTANT VICE PRESIDENT	40.0	Officer	$233,070	$37,839	$270,909
William M Edwards	ASSISTANT VICE PRESIDENT OF IT	40.0	Officer	$212,285	$23,719	$236,004
Angela Wagner	SR. DIRECTOR CARDIOLOGY	40.0	Key Emp	$204,295	$40,027	$244,322
Deborah Preston	MARKET DIRECTOR, PHARMACY	40.0	Key Emp	$222,837	$23,257	$246,094
Archana Ghimire	REGISTERED NURSE - BSN	40.0	Highest	$235,393	$18,670	$254,063
Caroline L Ebersole	REGISTERED NURSE BSN	40.0	Highest	$293,924	$31,194	$325,118
Joshua Reed	Physician Advisor	40.0	Highest	$316,263	$37,068	$353,331
Karin Mossack	Physician	40.0	Highest	$231,696	$29,580	$261,276
Michael Surber	Registered Nurse-BSN	40.0	Highest	$229,577	$9,256	$238,833

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	$940,764,963	$775,549,674	$1,671,860,466	$165,215,289
2023	$810,096,639	$698,866,181	$1,452,018,430	$111,230,458
2022	$782,292,728	$667,661,350	$1,304,235,338	$114,631,378
2021	$681,979,951	$572,020,098	$1,323,056,233	$109,959,853
2020	$519,719,787	$431,846,440	$873,623,738	$87,873,347
2019	$453,538,608	$386,339,354	$748,325,851	$67,199,254
2018	$482,823,599	$429,642,578	$741,339,129	$53,181,021

Hendrick Medical Center