LAWRENCE COUNTY 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

1950

Legal Domicile

Principal Officer

SHANA STRANGE

Phone

6189437202

Tax Period

2023-07-01 to 2024-06-30

LAWRENCE COUNTY MEMORIAL HOSPITAL, founded in 1950, is a mid-sized nonprofit in the Health Care sector that reported $30.9M in total revenue in fiscal year 2023. Revenue grew 14% year-over-year, indicating healthy expansion.

Mission

AT LAWRENCE COUNTY MEMORIAL HOSPITAL, WE OFFER COMPASSIONATE, PROFESSIONAL HEALTHCARE THAT MEETS THE HIGHEST STANDARDS OF EXCELLENCE.

Program Service Accomplishments

Program 1

Expenses: $26,079,130 Revenue: $30,364,248

THE HOSPITAL'S MISSION IS TO PROVIDE HIGH QUALITY CARE AND COST EFFECTIVE HEALTHCARE, WHICH INCLUDES INPATIENT, OUTPATIENT, AND EMERGENCY CARE SERVICES TO THE RESIDENTS OF LAWRENCE COUNTY, IL. ALL...

THE HOSPITAL'S MISSION IS TO PROVIDE HIGH QUALITY CARE AND COST EFFECTIVE HEALTHCARE, WHICH INCLUDES INPATIENT, OUTPATIENT, AND EMERGENCY CARE SERVICES TO THE RESIDENTS OF LAWRENCE COUNTY, IL. ALL EXPENSES RELATE TO COSTS ASSOCIATED WITH PROVIDING THESE SERVICES, AND MAINLY INCLUDE SALARY AND WAGES TO STAFF AND COST OF SUPPLIES.

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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 $263,943

Program Service Revenue $30,042,436

Investment Income $207,408

Other Revenue $338,642

TOTAL REVENUE $30,852,429

Expense Breakdown

Grants Paid $20,532

Salaries & Benefits $15,742,461

Fundraising Expenses $0

Program Expenses $26,079,130

Other Expenses $14,984,183

TOTAL EXPENSES $30,747,176

Year-over-Year Comparison

	2023	2022	Change
Revenue	$30,852,429	$27,128,124	+0.1%
Expenses	$30,747,176	$26,059,505	+0.2%
Net Income	$105,253	$1,068,619	-0.9%

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

251

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

$158,825

Total Directors

$473,491

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DR STEVEN RAMSARAN	TRUSTEE/MEDICAL STAFF DIRECTOR	40.00	Director	$412,531	$60,960	$473,491
CARL ATEN	CHAIRMAN	5.00	Officer Director	$0	$0	$0
RON WALDROP	VICE CHAIRMAN	2.00	Officer Director	$0	$0	$0
L DENNIS ZEHNER	TREASURER	2.00	Officer Director	$0	$0	$0
NATALIE PUNTNEY	SECRETARY	2.00	Officer Director	$0	$0	$0
ANNETTE AKERS	TRUSTEE	2.00	Director	$0	$0	$0
STANLEY WILLIAMS	TRUSTEE (END 03/24)	2.00	Director	$0	$0	$0
JARED FLORENCE	TRUSTEE	2.00	Director	$0	$0	$0
KEVIN STRANGE	TRUSTEE	2.00	Director	$0	$0	$0
DR ALLEN WHITE	TRUSTEE (END 10/23)	2.00	Director	$0	$0	$0
TRAVIS TRAINER	TRUSTEE	2.00	Director	$0	$0	$0
CURT WEBB	TRUSTEE (BEG 10/23)	2.00	Director	$0	$0	$0
WILLIAM SCHULTZ	CNO	40.00	Officer	$131,003	$20,711	$151,714
SHANA STRANGE	CFO	45.00	Officer	$0	$846	$7,111
KEITH MILLER	CEO	45.00	Officer	$0	$0	$0
DIANNE ADAMS	PHYSICIAN	40.00	Highest	$251,386	$23,970	$275,356
JESSICA PAULIN	CRNA	40.00	Highest	$260,000	$9,183	$269,183
VALERIE BURNS	PHYSICIAN	40.00	Highest	$187,117	$24,553	$211,670
LOGAN FISCUS	PHARMACIST	40.00	Highest	$171,768	$38,875	$210,643
RACHEL WINTERS	PHYSICIAN	40.00	Highest	$204,094	$18,717	$222,811

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
2025	No data	No data	No data	No data
2024	$30,852,429	$30,747,176	$23,168,976	$105,253
2023	$27,128,124	$26,059,505	$21,865,057	$1,068,619
2022	$24,754,585	$21,753,591	$23,224,431	$3,000,994
2021	$22,385,689	$20,359,486	$20,517,190	$2,026,203
2020	$20,005,479	$19,008,580	$15,350,688	$996,899
2019	$18,126,106	$18,099,968	$12,881,657	$26,138
2018	$16,852,768	$17,040,391	$11,132,101	$-187,623