Merrick Medical Center

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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

2017

Legal Domicile

Phone

3089463015

Tax Period

2023-01-01 to 2023-12-31

Merrick Medical Center, founded in 2017, is a mid-sized nonprofit in the Health Care sector that reported $26.8M in total revenue in fiscal year 2023. Revenue grew 16% year-over-year, indicating healthy expansion. Expenses of $24.7M left a modest 8% surplus.

Mission

MERRICK MEDICAL CENTER IS COMMITTED TO PROMOTING AND PROVIDING PERSONALIZED, COMPASSIONATE, QUALITY HEALTH SERVICES. MERRICK MEDICAL CENTER'S VISION IS TO BE THE LEADER IN PATIENT-CENTERED CARE, PROVIDING EXCEPTIONAL SERVICE, QUALITY OUTCOMES AND MAKING A MEASURABLE IMPROVEMENT IN THE HEALTH AND LIVES OF OTHERS.

Program Service Accomplishments

Program 1

Expenses: $22,531,028 Revenue: $25,533,901

MERRICK MEDICAL CENTER (MMC), IS A HOSPITAL ORGANIZATION LOCATED IN CENTRAL CITY, NEBRASKA, AND IS PART OF THE BRYAN HEALTH SYSTEM. MMC WAS INCORPORATED ON MARCH 15, 2017, WITH HOSPITAL OPERATIONS...

MERRICK MEDICAL CENTER (MMC), IS A HOSPITAL ORGANIZATION LOCATED IN CENTRAL CITY, NEBRASKA, AND IS PART OF THE BRYAN HEALTH SYSTEM. MMC WAS INCORPORATED ON MARCH 15, 2017, WITH HOSPITAL OPERATIONS COMMENCING ON JULY 1, 2017. MMC OPERATES A 6 LICENSED BED CRITICAL ACCESS HOSPITAL AND 2 PHYSICIAN CLINICS. MMC IS COMMITTED TO SERVING PATIENTS AND THE COMMUNITY BY INVESTING FUNDS IN FACILITIES, TECHNOLOGY, PHYSICIANS, AND STAFF TO DELIVER PREMIUM HEALTHCARE TO CENTRAL CITY AND THE SURROUNDING COMMUNITIES. MMC SUPPORTS NUMBEROUS HEALTH CARE SERVICES, FITNESS AND WELLNESS PROGRAMS, TELEHEALTH TECHNOLOGY AND COMMUNITY PARTNERSHIPS. DURING 2023, MMC PROVIDED INPATIENT ACUTE AND SWING BED SERVICES TO 190 PATIENTS. ALSO, MMC PERFORMED 309 SURGICAL PROCEDURES AND PROVIDED PRIMARY CARE PHYSICIAN SERVICES WITH 12,869 VISITS. IN 2023, MMC PROVIDED CHARITY CARE TO 383 PATIENTS AND SERVED 832 MEDICAID PATIENTS. MMC IS A NEBRASKA NONPROFIT CORPORATION AS DESCRIBED IN SECTION 501(C)(3) OF THE CODE AND HAS RECEIVED A DETERMINATION LETTER THAT IT IS EXEMPT FROM FEDERAL INCOME TAXES ON RELATED INCOME PURSUANT TO SECTION 501(A) OF THE CODE.

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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 $972,551

Program Service Revenue $25,456,801

Investment Income $211,556

Other Revenue $188,919

TOTAL REVENUE $26,829,827

Expense Breakdown

Grants Paid $0

Salaries & Benefits $12,760,661

Fundraising Expenses $0

Program Expenses $22,531,028

Other Expenses $11,892,233

TOTAL EXPENSES $24,652,894

Year-over-Year Comparison

	2023	2022	Change
Revenue	$26,829,827	$23,222,953	+0.2%
Expenses	$24,652,894	$24,998,917	0.0%
Net Income	$2,176,933	$-1,775,964	-2.2%

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

149

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

$925,556

Total Directors

$3,059,973

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
N/A	INTERIM PRESIDENT & CEO (EFFECTIVE 9/1/2023)	1.0	Officer Director	$0	$23,351	$185,553
N/A	PRESIDENT (EFFECTIVE 11/9/2023)	1.0	Officer Director	$0	$0	$0
N/A	PRESIDENT/CEO MERRICK MEDICAL CENTER (VACATED 9/1/2023)	50.0	Officer Director	$244,628	$34,779	$279,407
N/A	SECRETARY/TREASURER	1.0	Officer Director	$0	$51,372	$460,596
N/A	VICE CHAIR	1.0	Officer Director	$0	$0	$0
N/A	PHYSICIAN	50.0	Director	$402,439	$50,579	$453,018
N/A	DIRECTOR	1.0	Director	$0	$41,681	$1,188,554
N/A	Director	1.0	Director	$0	$43,773	$492,845
N/A	PHYSICIAN	50.0	Highest	$451,636	$47,435	$499,071
N/A	PHYSICIAN ASSISTANT	50.0	Highest	$179,640	$44,420	$224,060
N/A	PHYSICIAN	50.0	Highest	$362,751	$43,549	$406,300
N/A	REGISTERED NURSE	50.0	Highest	$267,075	$44,708	$311,783
N/A	PHYSICIAN	50.0	Highest	$412,253	$46,178	$458,431

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	$26,829,827	$24,652,894	$42,493,337	$2,176,933
2022	$23,222,953	$24,998,917	$41,367,083	$-1,775,964
2021	$24,267,997	$18,135,042	$38,783,392	$6,132,955
2020	$19,156,648	$15,509,188	$20,454,202	$3,647,460
2019	$17,315,513	$15,092,549	$11,465,568	$2,222,964
2018	$15,984,311	$14,350,810	$9,392,141	$1,633,501