UNITY MEDICAL CENTER INC (EIN 825388429) - 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

2018

Legal Domicile

Principal Officer

PAM JERNIGAN

Phone

6153088800

Tax Period

2023-01-01 to 2023-12-31

UNITY MEDICAL CENTER INC, founded in 2018, is a mid-sized nonprofit in the Health Care sector that reported $51.7M in total revenue in fiscal year 2023.

Mission

TO PROVIDE IMPROVED HEALTHCARE TO LOCAL RESIDENTS. PROVIDE LEADERSHIP AND DEVELOPMENT OF ADDITIONAL SERVICES TO THE COMMUNITY.

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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 $246,734

Program Service Revenue $50,786,264

Investment Income $17,039

Other Revenue $684,286

TOTAL REVENUE $51,734,323

Expense Breakdown

Grants Paid $3,600

Salaries & Benefits $19,782,412

Fundraising Expenses $0

Program Expenses $44,964,901

Other Expenses $31,561,283

TOTAL EXPENSES $51,347,295

Year-over-Year Comparison

	2023	2022	Change
Revenue	$51,734,323	$48,910,386	+0.1%
Expenses	$51,347,295	$46,847,356	+0.1%
Net Income	$387,028	$2,063,030	-0.8%

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

368

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

$3,639,279

Total Directors

$1,289,825

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ASHOKE MUKHERJI	CHAIRMAN	40.00	Officer Director	$850,625	$20,500	$871,125
CHRISTY LEWIS	BOARD MEMBER	0.65	Director	$0	$0	$0
KENNETH KIRBY	BOARD MEMBER	0.65	Director	$0	$0	$0
MIKE NIEDERHAUSER	BOARD MEMBER (THROUGH 07/2023)	0.65	Director	$0	$0	$0
KIM ROBERTS	BOARD MEMBER (THROUGH 07/2023)	0.65	Director	$0	$0	$0
JAMES VANWINKLE	BOARD MEMBER	0.65	Director	$0	$0	$0
BLAL ZAFAR	BOARD MEMBER	0.65	Director	$418,700	$0	$418,700
ART SNOW	BOARD MEMBER	0.65	Director	$0	$0	$0
CHARLES DRUMMOND	BOARD MEMBER	0.65	Director	$0	$0	$0
ROBERT COUCH	COO	40.00	Officer	$990,484	$45,247	$1,035,731
PAMELA JERNIGAN	SR FINANCIAL ADVISOR	40.00	Officer	$441,148	$38,920	$480,068
MARTHA HENLEY	CEO	40.00	Officer	$824,583	$22,018	$846,601
KENNETH WARE	CHEIF CLINICAL OFFICER	40.00	Officer	$138,412	$24,831	$163,243
JAMES BARMES	SR FINANCIAL OFFICER	40.00	Officer	$0	$0	$0
JODY MILLS	CHIEF COMPLIANCE OFFICER	40.00	Officer	$98,451	$5,413	$103,864
CLARISSA SAIN	CFO	40.00	Officer	$112,155	$26,492	$138,647
DENNY DANIEL	PHYSICIAN	40.00	Highest	$338,564	$22,077	$360,641
SARAH WILSON	PHYSICIAN	40.00	Highest	$268,082	$42,147	$310,229
GLENN DAVIS	PHYSICIAN	40.00	Highest	$297,602	$11,552	$309,154
JAMESON BOULDIN	PHARMACY DIRECTOR	40.00	Highest	$163,324	$0	$163,324
HEATHER CARTER MD	PHYSICIAN	40.00	Highest	$200,000	$0	$200,000

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	$51,734,323	$51,347,295	$58,177,217	$387,028
2022	$48,910,386	$46,847,356	$54,267,464	$2,063,030
2021	$53,886,351	$46,727,598	$57,842,404	$7,158,753
2020	$54,133,034	$48,506,399	$60,435,359	$5,626,635
2019	$21,711,610	$20,456,290	$49,121,492	$1,255,320

UNITY MEDICAL CENTER INC