MEMORIAL SPECIALTY HOSPITAL (EIN 752492741) - 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

1992

Legal Domicile

Principal Officer

MONTE BOSTWICK

Phone

9366397016

Tax Period

2018-07-01 to 2019-06-30

MEMORIAL SPECIALTY HOSPITAL, founded in 1992, is a micro nonprofit that reported $50K in total revenue in fiscal year 2018. Revenue fell 101% from the prior year — a significant decline worth monitoring.

Mission

OPERATIONS OF MEMORIAL SPECIALTY HOSPITAL WERE SOLD TO PAM SPECIALTY HOSPITAL OF LUFKIN, LLC ON 7/1/18.

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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 (2018)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $0

Investment Income $-49,981

Other Revenue $0

TOTAL REVENUE $-49,981

Expense Breakdown

Grants Paid $0

Salaries & Benefits $65,119

Fundraising Expenses $0

Program Expenses $278,186

Other Expenses $248,137

TOTAL EXPENSES $313,256

Year-over-Year Comparison

	2018	2017	Change
Revenue	$-49,981	$6,145,363	-1.0%
Expenses	$313,256	$7,390,724	-1.0%
Net Income	$-363,237	$-1,245,361	-0.7%

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

Volunteers

N/A

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

$762,105

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
VAN WATSON	CHAIRMAN	1.00	Officer Director	$0	$0	$0
TIM STACY	VICE CHAIRMAN	1.00	Officer Director	$0	$0	$0
HILARY WALKER	SECRETARY	1.00	Officer Director	$0	$0	$0
DAVID TODD MD	PRESIDENT OF MEDICAL STAFF	1.00	Director	$0	$0	$0
MALCOLM DEASON	DIRECTOR	1.00	Director	$0	$0	$0
BONNIE DENMON	DIRECTOR	1.00	Director	$0	$0	$0
SUSHIL GEORGE M D	VICE PRESIDENT OF MEDICAL STAFF	1.00	Director	$0	$0	$0
HALL HENDERSON	DIRECTOR	1.00	Director	$0	$0	$0
DUANE MILLER	CFO	2.00	Officer	$0	$18,279	$247,007
MONTE BOSTWICK	MARKET CEO	0.00	Officer	$0	$63,481	$515,098
DARLENE WILLIAMS	FORMER CEO/ADMINISTRATOR	13.00		$0	$23,110	$195,490

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
2019	$-49,981	$313,256	$220,300	$-363,237
2018	$6,145,363	$7,390,724	$29,493,222	$-1,245,361

MEMORIAL SPECIALTY HOSPITAL