MID COAST HEALTH SYSTEM (EIN 833174646) - Form 990 Financial Analysis & Trantor Score

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

2019

Legal Domicile

Principal Officer

CARRIE CORNETT

Phone

9795435510

Tax Period

2024-01-01 to 2024-12-31

MID COAST HEALTH SYSTEM, founded in 2019, is a mid-sized nonprofit in the Health Care sector that reported $25.3M in total revenue in fiscal year 2024. Revenue surged 60% from the prior year, signaling strong growth momentum. The organization ran a surplus of $7.9M, a strong 31% operating margin.

Mission

TO PROVIDE ADMINISTRATIVE AND GENERAL MANAGEMENT SERVICE TO FACILITATE AFFILIATED HOSPITALS, CLINICS, AND HEALTHCARE ORGANIZATIONS FOR THE PURPOSE OF PROVIDING EFFICIENT AND QUALITY HEALTHCARE SERVICES TO TEXAS RURAL COMMUNITIES.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $393,050

Program Service Revenue $18,304,449

Investment Income $6,405,642

Other Revenue $166,766

TOTAL REVENUE $25,269,907

Expense Breakdown

Grants Paid $0

Salaries & Benefits $15,388,515

Fundraising Expenses $0

Program Expenses $13,863,397

Other Expenses $1,940,733

TOTAL EXPENSES $17,329,248

Year-over-Year Comparison

	2024	2023	Change
Revenue	$25,269,907	$15,832,676	+0.6%
Expenses	$17,329,248	$12,463,580	+0.4%
Net Income	$7,940,659	$3,369,096	+1.4%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

242

Volunteers

N/A

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

$776,854

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
RANDY M CLAPP	CHAIRMAN	1.00	Director	$0	$0	$0
CRAIG WALLIS	VICE CHAIRMAN	1.00	Director	$0	$0	$0
JOHN HARRISON	SECRETARY	1.00	Director	$0	$0	$0
DAN TUCKER	BOARD MEMBER	1.00	Director	$0	$0	$0
JILL BRANDT	BOARD MEMBER	1.00	Director	$0	$0	$0
MICHAEL ALAN KOEHN	BOARD MEMBER	1.00	Director	$0	$0	$0
JULIE STRNADEL	BOARD MEMBER	1.00	Director	$0	$0	$0
CHERYL SPEARMAN	BOARD MEMBER	1.00	Director	$0	$0	$0
BARBARA CROWSON	BOARD MEMBER	1.00	Director	$0	$0	$0
ROBERT E GRIER	BOARD MEMBER	1.00	Director	$0	$0	$0
MARJORY PULVINO	BOARD MEMBER	1.00	Director	$0	$0	$0
MELISSA ERWIN	BOARD MEMBER	1.00	Director	$0	$0	$0
BRETT KIRKHAM	CEO	40.00	Officer	$377,545	$0	$377,545
FRANCISCA LERMA	CNO	40.00	Officer	$204,309	$0	$204,309
CARRIE CORNETT	CFO	40.00	Officer	$195,000	$0	$195,000
MICHAEL DOHMANN	PHARMACIST	40.00	Highest	$148,179	$0	$148,179
JUDY LANDERS	CNO	40.00	Highest	$132,643	$0	$132,643
IRMA ROCHA	EXECUTIVE ADMIN ASSISTANT	40.00	Highest	$148,993	$0	$148,993
HATCH C SMITH	ADMINISTRATOR	40.00	Highest	$161,392	$0	$161,392
MARJO MCLAUGHLIN	THERAPY DIRECTOR	40.00	Highest	$125,904	$0	$125,904
DAVID MAK	FORMER CFO	40.00		$353,139	$0	$353,139
NATHAN TUDOR	FORMER CEO	40.00		$458,333	$0	$458,333

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	$25,269,907	$17,329,248	$19,566,852	$7,940,659

MID COAST HEALTH SYSTEM