GRITMAN MEDICAL CENTER 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

1939

Legal Domicile

Principal Officer

KARA BESST

Phone

2088824511

Tax Period

2023-01-01 to 2023-12-31

GRITMAN MEDICAL CENTER INC, founded in 1939, is a major nonprofit in the Health Care sector that reported $113.2M in total revenue in fiscal year 2023. Revenue grew 11% year-over-year, indicating healthy expansion.

Mission

TO PROVIDE EXTRAORDINARY CARE TO IMPROVE THE HEALTH OF THE PEOPLE IN OUR COMMUNITIES.

Program Service Accomplishments

Program 1

Expenses: $93,640,562 Revenue: $108,145,664

RADIOLOGY: GRITMAN'S COMPREHENSIVE IMAGING AND RADIOLOGY SERVICES ARE PROVIDED BY EXPERIENCED, COMPASSIONATE, BOARD-CERTIFIED TECHNOLOGISTS AND RADIOLOGISTS. WE ARE STAFFED 24 HOURS A DAY AND ALWAYS READY FOR YOUR EMERGENCY OR SCHEDULED IMAGING NEEDS. THE RADIOLOGY DEPARTMENT PROVIDES A VARIETY OF SERVICES INCLUDING CT SCANS, ECHOCARDIOGRAM, MRI, NUCLEAR MEDICINE, ULTRASOUND, 3D MAMMOGRAPHY, OSTEOPOROSIS SCREENING, AND X-RAY.EMERGENCY SERVICES: GRITMAN'S EMERGENCY SERVICES ARE ALWAYS OPEN AND READY TO HANDLE A WIDE RANGE OF MEDICAL AND TRAUMA CASES. OUR EMERGENCY PHYSICIANS, NURSES AND TECHNICIANS HAVE ALL GONE THROUGH EXTENSIVE TRAINING TO PROVIDE IMMEDIATE, COMPREHENSIVE AND SOPHISTICATED EMERGENCY CARE. WE ACCEPT ALL PATIENTS, REGARDLESS OF ABILITY TO PAY.LAB: THE GRITMAN MEDICAL CENTER LABORATORY PERFORMS MORE THAN 195,000 TESTS EACH YEAR. WE ARE THE ONLY LABORATORY ON THE PALOUSE TO PROVIDE IN-HOUSE, AUTOMATED BLOOD BANK SERVICES WITH ANTIBODY IDENTIFICATION AND PHENOTYPING. WE'RE ALSO THE ONLY LAB IN THE PACIFIC NORTHWEST TO OFFER PROSTRATE HEALTH INDEX TESTING. WE OFFER A FULL-SERVICE MICROBIOLOGY DEPARTMENT.

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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 $678,736

Program Service Revenue $109,981,607

Investment Income $1,842,727

Other Revenue $667,044

TOTAL REVENUE $113,170,114

Expense Breakdown

Grants Paid $165,088

Salaries & Benefits $56,400,148

Fundraising Expenses $0

Program Expenses $93,640,562

Other Expenses $56,842,318

TOTAL EXPENSES $113,407,554

Year-over-Year Comparison

	2023	2022	Change
Revenue	$113,170,114	$102,402,890	+0.1%
Expenses	$113,407,554	$102,242,051	+0.1%
Net Income	$-237,440	$160,839	-2.5%

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

881

Volunteers

193

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

$1,179,604

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ROBIN WOODS	BOARD CHAIR	2.00	Officer Director	$0	$0	$0
STEVE BUSCH	BOARD VICE CHAIR	2.00	Officer Director	$0	$0	$0
LORI STINSON	BOARD VICE CHAIR	2.00	Officer Director	$0	$0	$0
RULA AWWAD-RAFFERTY	TRUSTEE	2.00	Director	$0	$0	$0
DICK HEIMSCH	TRUSTEE	2.00	Director	$0	$0	$0
CHARLES JACOBSON MD	TRUSTEE	2.00	Director	$0	$0	$0
JANIE NIRK	TRUSTEE	2.00	Director	$0	$0	$0
DR RAY PAZ	TRUSTEE	2.00	Director	$0	$0	$0
AARON RANISATE	TRUSTEE	2.00	Director	$0	$0	$0
BARBARA WELLS	TRUSTEE	2.00	Director	$0	$0	$0
GRETTA JAROLIMEK	CHIEF CLINICS OFFICER	40.00	Officer	$213,486	$2,601	$216,087
MARIE TIMLIN	CNO	40.00	Officer	$199,065	$4,479	$203,544
DANIELLE LYNAS	CFO, TREASURER	40.00	Officer	$165,672	$7,505	$173,177
CONNIE OSBORN	CQO	40.00	Officer	$168,980	$2,720	$171,700
JOHN BROWN MD	CMO	20.00	Officer	$164,693	$5,717	$170,410
CANDICE ALLEN	ACNO	40.00	Officer	$159,845	$2,607	$162,452
DANIELLE BREED	ADMIN CHIEF OF STAFF, SECRETARY	40.00	Officer	$80,119	$2,115	$82,234
KARA BESST	CEO	40.00	Officer	$0	$0	$0
MARVIN KYM MD	PHYSICIAN	40.00	Highest	$829,646	$2,220	$831,866
BRYAN SMITH MD	PHYSICIAN	40.00	Highest	$641,105	$10,120	$651,225
BRYAN ANDERSON MD	PHYSICIAN	40.00	Highest	$492,328	$507	$492,835
BRIAN NEWELL MD	PHYSICIAN	40.00	Highest	$478,747	$3,637	$482,384
CHRISTOPHER STANDLEY MD	PHYSICIAN	40.00	Highest	$369,713	$5,225	$374,938

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	$113,170,114	$113,407,554	$134,028,419	$-237,440
2022	$102,402,890	$102,242,051	$124,076,402	$160,839
2021	$96,129,418	$90,990,304	$94,936,436	$5,139,114
2020	$84,200,752	$81,021,212	$94,057,321	$3,179,540
2019	$75,088,937	$77,448,372	$90,219,124	$-2,359,435
2018	$67,834,451	$66,021,525	$84,981,672	$1,812,926