Owensboro Health Twin Lakes Regional Medical Center Inc (EIN 853033915) - 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

2020

Legal Domicile

Phone

2702599400

Tax Period

2024-06-01 to 2025-05-31

Owensboro Health Twin Lakes Regional Medical Center Inc, founded in 2020, is a mid-sized nonprofit in the Health Care sector that reported $72.1M in total revenue in fiscal year 2024. The organization ran a surplus of $13.4M, a strong 19% operating margin.

Mission

OWENSBORO HEALTH TWIN LAKES MEDICAL CENTER EXISTS TO HEAL THE SICK AND TO IMPROVE THE HEALTH OF THE COMMUNITIES WE SERVE.

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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 (2024)

Revenue Breakdown

Contributions & Grants $55,134

Program Service Revenue $71,056,093

Investment Income $0

Other Revenue $982,365

TOTAL REVENUE $72,093,592

Expense Breakdown

Grants Paid $15,880

Salaries & Benefits $24,555,172

Fundraising Expenses $0

Program Expenses $53,704,278

Other Expenses $34,157,977

TOTAL EXPENSES $58,729,029

Year-over-Year Comparison

	2024	2023	Change
Revenue	$72,093,592	$73,294,481	0.0%
Expenses	$58,729,029	$58,639,106	+0.0%
Net Income	$13,364,563	$14,655,375	-0.1%

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

456

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

$2,519,364

Total Directors

$2,098,479

Key Employees

$580,225

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
GLENNA BLACK	SECRETARY	1.0	Officer Director	$0	$0	$0
LAURA CHAPMAN	BOARD CHAIRPERSON	1.0	Officer Director	$0	$0	$0
MARK MARSH	PRESIDENT AND CEO	2.0	Officer Director	$0	$63,070	$1,394,120
RUSSELL S RANALLO	BOARD TREASURER, CHIEF FINANCIAL OFFICER	2.0	Officer Director	$0	$95,325	$704,359
CHRIS LOVE	BOARD MEMBER (TERMED 10/31/2024)	1.0	Director	$0	$0	$0
DONNA VANMETER	BOARD MEMBER	1.0	Director	$0	$0	$0
MATT HAYES	BOARD MEMBER	1.0	Director	$0	$0	$0
MICHAEL SCHERM MD	BOARD MEMBER (EFFECTIVE 11/25/24)	1.0	Director	$0	$0	$0
SCOTT MAJORS	BOARD MEMBER	1.0	Director	$0	$0	$0
TISH CORREA OSBORNE	BOARD MEMBER	1.0	Director	$0	$0	$0
ASHLEY HERRINGTON	CEO - OHTLMC	45.0	Officer	$370,083	$50,802	$420,885
CATHERINE CLEMONS	VP OF OPERATIONS - OHTLMC	45.0	Key Emp	$232,919	$23,502	$256,421
CATHY STEWART	VP PATIENT CARE SVCS AND CNO - OHTLMC	45.0	Key Emp	$243,090	$80,714	$323,804
ANGELA M GIBSON	DIRECTOR OF PHARMACY	50.0	Highest	$187,247	$18,386	$205,633
CHLOE ADAMS	CLINICAL PHARMACIST	50.0	Highest	$130,990	$37,938	$168,928
JEREMY NEWTON	MANAGER OF PHARMACY	50.0	Highest	$125,301	$25,017	$150,318
LINSEY LOGSDON	MANAGER OF NURSING	50.0	Highest	$120,654	$15,136	$135,790
TODD BULLOCK	NURSE PRACTITIONER	50.0	Highest	$143,976	$17,757	$161,733

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
2025	$72,093,592	$58,729,029	$145,817,446	$13,364,563
2024	$73,294,481	$58,639,106	$140,520,348	$14,655,375
2023	$63,065,522	$50,312,873	$83,782,092	$12,752,649
2022	$56,278,932	$48,430,350	$55,501,629	$7,848,582
2021	$21,369,566	$21,004,481	$49,384,321	$365,085

Owensboro Health Twin Lakes Regional Medical Center Inc