MRH Corp Northern Light Mayo Hospital (EIN 843689003) - 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

John Doyle

Phone

2079739081

Tax Period

2023-10-01 to 2024-09-30

MRH Corp Northern Light Mayo Hospital, founded in 2019, is a mid-sized nonprofit in the Health Care sector that reported $73.7M in total revenue in fiscal year 2023. Expenses of $65.5M left a modest 11% surplus.

Mission

The mission of MRH Corp. d/b/a Northern Light Mayo Hospital is to provide up-to-date, high quality, compassionate and affordable healthcare.

🔒

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 (2023)

Revenue Breakdown

Contributions & Grants $498,519

Program Service Revenue $71,977,209

Investment Income $17,837

Other Revenue $1,178,127

TOTAL REVENUE $73,671,692

Expense Breakdown

Grants Paid $0

Salaries & Benefits $36,133,163

Fundraising Expenses $0

Program Expenses $59,602,574

Other Expenses $29,416,276

TOTAL EXPENSES $65,549,439

Year-over-Year Comparison

	2023	2022	Change
Revenue	$73,671,692	$69,268,645	+0.1%
Expenses	$65,549,439	$61,056,425	+0.1%
Net Income	$8,122,253	$8,212,220	0.0%

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

548

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

$5,918,527

Total Directors

$2,578,881

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Timothy Dentry	Ex-Officio	1.00	Officer Director	$0	$65,850	$1,957,524
Anthony Filer	Treasurer-Pt Yr	1.00	Officer	$0	$67,850	$853,903
Paul Bolin	EVP & CPO	1.00	Officer	$0	$112,842	$648,086
George Eaton Esq	Secretary	1.00	Officer	$0	$54,658	$570,811
David McDermott MD	VP-Sr Phys Exec	37.00	Officer	$317,462	$34,629	$457,912
Marie Vienneau	Ex-Officio	30.00	Officer Director	$204,881	$108,051	$449,519
Glenn Martin	Former SVP-Chief Legal Officer	1.00		$0	$3,969	$427,022
Jessica Richmond	Physician	40.00		$386,547	$37,462	$424,009
Kyrsten Sutton	Physician	40.00		$359,297	$7,852	$367,149
Robert Rice	Physician	40.00		$309,482	$31,296	$340,778
Jaime Audet	VP-HR Oper	1.00	Officer	$0	$52,527	$326,860
Abhijit Shaligram	Physician	40.00		$287,778	$20,640	$308,418
Jennifer Goodrich	VP Finance	13.00	Officer	$64,758	$42,054	$301,086
David Flaherty	PA-Emer Med	40.00		$290,144	$4,718	$294,862
Denise Scuderi	VP Patient Care	50.00	Officer	$161,037	$38,618	$199,655
Lori Towne	Ex-Officio	50.00	Director	$168,329	$3,509	$171,838
Nikki Chadwick	VP Quality & Ed	50.00	Officer	$138,906	$14,265	$153,171
Barbara Austin	Trustee	0.50	Director	$0	$0	$0
Christopher Winstead	Trustee	0.50	Director	$0	$0	$0
Jensen Bissell	Trustee/Chair	1.00	Officer Director	$0	$0	$0
Dr Richard Cabot	Trustee	0.50	Director	$0	$0	$0
Trey Merrill	Trustee	0.50	Director	$0	$0	$0
James Fowle	Trustee	0.50	Director	$0	$0	$0
Vittoria Stevens	Trustee	0.50	Director	$0	$0	$0
Amanda Thomas	Trustee/V Chair	1.00	Officer Director	$0	$0	$0
Andrew Walker	Trustee	0.50	Director	$0	$0	$0
Tony Zambrano	Trustee	0.50	Director	$0	$0	$0
James Rohrbaugh CPA	Treasurer	1.00	Officer	$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	$73,671,692	$65,549,439	$48,840,643	$8,122,253
2023	$69,268,645	$61,056,425	$42,845,965	$8,212,220
2022	$65,249,034	$60,009,276	$35,069,270	$5,239,758
2021	$60,251,570	$55,509,450	$37,605,393	$4,742,120
2020	$32,539,680	$31,279,328	$38,455,548	$1,260,352

MRH Corp Northern Light Mayo Hospital