WRMC HOSPITAL OPERATING CORPORATION (EIN 830343789) - 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

1996

Legal Domicile

Principal Officer

CHAD BROWN

Phone

3367164445

Tax Period

2023-01-01 to 2023-12-31

WRMC HOSPITAL OPERATING CORPORATION, founded in 1996, is a major nonprofit in the Health Care sector that reported $143.8M in total revenue in fiscal year 2023. Revenue grew 17% year-over-year, indicating healthy expansion. Expenses of $136.8M left a modest 5% surplus.

Mission

TO IMPROVE HEALTH, ELEVATE HOPE, AND ADVANCE HEALING FOR ALL.

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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 $175,488

Program Service Revenue $143,184,627

Investment Income $233,440

Other Revenue $184,718

TOTAL REVENUE $143,778,273

Expense Breakdown

Grants Paid $668,417

Salaries & Benefits $63,986,794

Fundraising Expenses $0

Program Expenses $126,982,344

Other Expenses $72,136,096

TOTAL EXPENSES $136,791,307

Year-over-Year Comparison

	2023	2022	Change
Revenue	$143,778,273	$122,914,632	+0.2%
Expenses	$136,791,307	$118,882,120	+0.2%
Net Income	$6,986,966	$4,032,512	+0.7%

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

N/A

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

$4,348,105

Total Directors

$3,131,999

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BRADLEY A CLARK	TREASURER	0.50	Officer	$1,431,976	$145,795	$1,577,771
J MCLAIN WALLACE JR	SECRETARY	0.80	Officer	$0	$35,934	$1,019,508
MICHAEL T WAID	CHAIR	0.70	Officer Director	$0	$57,880	$855,814
STEPHAN L LILLIE	BOARD MEMBER	0.80	Director	$0	$33,957	$606,226
DEBORAH HARDING DNP	BOARD MEMBER	1.00	Director	$0	$72,765	$599,068
JENA FOLGER	BOARD MEMBER	1.00	Director	$0	$49,165	$540,540
CHAD BROWN	BOARD MEMBER & PRESIDENT	20.00	Officer Director	$0	$54,921	$530,351
JOSHUA TROYER	CLINICAL INSTRUCTOR CRNA	40.00	Highest	$0	$52,451	$363,299
JASON YOCKEY	CHIEF CRNA	40.00	Highest	$0	$55,082	$336,250
JOHN RIEDEL	CLINICAL INSTRUCTOR CRNA	40.00	Highest	$0	$47,183	$289,031
AARON ELLIOTT	CLINICAL INSTRUCTOR CRNA	40.00	Highest	$0	$21,202	$287,197
BARRY WALD	ASST TREASURER	30.00	Officer	$0	$36,709	$282,465
KRISTIE BRYAN	CLINICAL INSTRUCTOR CRNA	40.00	Highest	$0	$37,451	$263,318
LORI MCNEIL	ASST SECRETARY	40.00	Officer	$0	$31,266	$82,196
DAVID W ZAAS MD	BOARD MEMBER	1.00	Director	$0	$0	$0
JAMES ATKINS MD	BOARD MEMBER	1.00	Director	$0	$0	$0
JOSEPH CALVERT MD	BOARD MEMBER	1.00	Director	$0	$0	$0
PETER MATTHEW BELFORD MD	BOARD MEMBER	1.00	Director	$0	$0	$0

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	$143,778,273	$136,791,307	$126,580,924	$6,986,966
2022	$122,914,632	$118,882,120	$127,948,159	$4,032,512
2021	$60,798,642	$55,357,897	$135,989,352	$5,440,745
2021	$97,072,424	$97,315,568	$129,640,990	$-243,144
2020	$94,142,524	$90,395,069	$126,057,137	$3,747,455
2019	$79,846,969	$84,051,395	$124,862,287	$-4,204,426

WRMC HOSPITAL OPERATING CORPORATION