BENEFIS HOSPITALS INC (EIN 810232122) - 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

1897

Legal Domicile

Principal Officer

GREGORY TIERNEY MD

Phone

4064552563

Tax Period

2023-01-01 to 2023-12-31

BENEFIS HOSPITALS INC, founded in 1897, is a major nonprofit in the Health Care sector that reported $570.1M in total revenue in fiscal year 2023.

Mission

BENEFIS HOSPITALS, INC. IS A 569 BED HOSPITAL, PROVIDING INPATIENT, OUTPATIENT AND SENIOR SERVICES.

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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 $10,991,591

Program Service Revenue $557,208,999

Investment Income $225,830

Other Revenue $1,704,537

TOTAL REVENUE $570,130,957

Expense Breakdown

Grants Paid $313,196

Salaries & Benefits $179,330,010

Fundraising Expenses $0

Program Expenses $413,051,307

Other Expenses $376,660,007

TOTAL EXPENSES $556,303,213

Year-over-Year Comparison

	2023	2022	Change
Revenue	$570,130,957	$541,054,630	+0.1%
Expenses	$556,303,213	$529,298,770	+0.1%
Net Income	$13,827,744	$11,755,860	+0.2%

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

3030

Volunteers

520

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

$1,916,384

Total Directors

$2,051,253

Key Employees

$811,765

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
GREGORY TIERNEY MD	DIRECTOR/SYSTEM CMO & EVP	19.00	Officer Director	$0	$169,483	$996,787
JEFFREY BAKER MD	DIRECTOR	2.00	Director	$0	$33,351	$548,403
MELCHISEDEK MARGARIS MD	DIRECTOR	2.00	Director	$0	$45,399	$349,578
JUDY BORLAND MD	DIRECTOR	2.00	Director	$0	$11,602	$134,435
GLENN WINSLOW MD	DIRECTOR (FROM 01/23)	2.00	Director	$22,050	$0	$22,050
BILL FERRIN	CHAIR	2.00	Officer Director	$0	$0	$0
BRIAN LOUCKS	VICE CHAIR	2.00	Officer Director	$0	$0	$0
MARILYN K ROSE	DIRECTOR	2.00	Director	$0	$0	$0
SENATOR LLEW JONES	DIRECTOR	2.00	Director	$0	$0	$0
TAMMY LACEY	DIRECTOR	2.00	Director	$0	$0	$0
DAVE RICHARDS	DIRECTOR & SYSTEM BOARD LIAISON	2.00	Director	$0	$0	$0
FORREST EHLINGER	CHIEF RESOURCES OFFICER & EVP	27.00	Officer	$0	$153,132	$919,597
RAYN GINNATY	CHIEF NURSING OFFICER	48.00	Key Emp	$431,183	$58,926	$490,109
KATHY HILL	CHIEF OPERATING OFFICER	25.00	Key Emp	$276,979	$44,677	$321,656
ADAM ELLIOT	MEDICAL PHYSICIST	50.00	Highest	$213,315	$46,697	$260,012
JAMIE LEONARD	DIRECTOR OF PHARMACY	50.00	Highest	$215,809	$32,410	$248,219
DYLAN RICHARDSON	PATIENT FLOW SPECIALIST	50.00	Highest	$209,961	$20,623	$230,584
TINA COPE	SR. SERVICES OPERATIONS SPECIALIST	50.00	Highest	$187,371	$37,012	$224,383
DEBRA VANCE	DIRECTOR OF NURSING	50.00	Highest	$190,611	$24,261	$214,872

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	$570,130,957	$556,303,213	$1,374,714,225	$13,827,744
2022	$541,054,630	$529,298,770	$1,215,177,347	$11,755,860
2021	$564,158,876	$513,759,053	$1,107,455,974	$50,399,823
2020	$500,443,647	$437,871,682	$926,167,704	$62,571,965
2019	$1,147,522,399	$1,097,850,346	$778,274,294	$49,672,053
2018	$1,027,284,887	$996,678,338	$634,187,454	$30,606,549

BENEFIS HOSPITALS INC