Owensboro, KY
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)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.
OWENSBORO HEALTH TWIN LAKES MEDICAL CENTER EXISTS TO HEAL THE SICK AND TO IMPROVE THE HEALTH OF THE COMMUNITIES WE SERVE.
OWENSBORO HEALTH TWIN LAKES MEDICAL CENTER ("OHTLMC") IS A 75 BED HOSPITAL BASED IN LEITCHFIELD, KY, ABOUT 65 MILES SOUTHEAST OF OWENSBORO. THE SERVICE AREA COMPRISES 115,000 PEOPLE FROM SIX...
OWENSBORO HEALTH TWIN LAKES MEDICAL CENTER ("OHTLMC") IS A 75 BED HOSPITAL BASED IN LEITCHFIELD, KY, ABOUT 65 MILES SOUTHEAST OF OWENSBORO. THE SERVICE AREA COMPRISES 115,000 PEOPLE FROM SIX COUNTIES: GRAYSON (PRIMARY), BRECKINRIDGE, OHIO, BUTLER, EDMONSON, HART, AND HARDIN. OWENSBORO HEALTH, INC. ("OH") WHOLLY OWNS AND CONTROLS OHTLMC AND IS NOT A MEMBER OF THE OBLIGATED GROUP. OHTLMC'S PRIMARY ACTIVITY CONSISTS OF PROVIDING MEDICAL AND PATIENT CARE SERVICES IN ITS MAIN HOSPITAL, SERVING SIX COUNTIES, IN SUPPORT OF OH. THE SOLE MEMBER OF OHTLMC IS OH. OUR MEDICAL SERVICES ARE DELIVERED BY HIGHLY SKILLED PHYSICIANS ALONG WITH A CARING AND COMPASSIONATE NURSING STAFF. IN MAY 2023, OHTLMC OPENED ITS NEW INPATIENT 12-BED GERIATRIC BEHAVIORAL HEALTH UNIT. THE UNIT IS SPECIFICALLY DESIGNED TO PROVIDE MENTAL HEALTH SERVICES FOR THE AGING POPULATION. THE GOAL IS TO HELP OLDER ADULTS EXPERIENCE LESS DISRUPTIVE BEHAVIORS AND SLOW THEIR RATE OF COGNITIVE DECLINE. FOR THE FISCAL YEAR 2025, OHTLMC HAD TOTAL ADMISSIONS OF 1,601, PATIENT DAYS OF 6,588 AND TOTAL ER VISITS OF 19,954. COST OF PARTICIPATING IN GOVERNMENT PROGRAMS: OHTLMC IS COMMITTED TO SERVING ALL PERSONS IN NEED, REGARDLESS OF RACE, CREED, SEX, NATIONALITY, RELIGION, DISABILITY, AGE OR ABILITY TO PAY. TO PROMOTE ACCESS TO CARE, OHTLMC PARTICIPATES IN THE FOLLOWING PUBLIC HEALTH PROGRAMS: MEDICAID, MEDICARE, TRICARE AND LOCAL HEALTH DEPARTMENTS. IN GENERAL, PAYMENTS FROM THESE PROGRAMS FREQUENTLY DO NOT COVER THE COSTS OHTLMC INCURS TO SERVE PROGRAM BENEFICIARIES. UNCOMPENSATED CARE AND FINANCIAL ASSISTANCE: OHTLMC PROVIDES MEDICAL CARE WITHOUT CHARGE OR AT REDUCED COST TO RESIDENTS OF THE COMMUNITIES THAT IT SERVES. OHTLMC'S FINANCIAL ASSISTANCE PROGRAM WAS ESTABLISHED TO ASSIST PATIENTS WHO DO NOT QUALIFY FOR MEDICAL ASSISTANCE PROGRAMS, LIKE MEDICAID, AND WHOSE ANNUAL INCOMES ARE AT OR BELOW CERTAIN PERCENTAGES OF THE FEDERAL POVERTY GUIDELINES. OHTLMC IS COMMITTED TO EXPANDING ITS PROGRAMS TO IMPROVE ACCESS TO HEALTH CARE IN THE AREAS IT SERVES, WHICH INCLUDE RURAL AND ECONOMICALLY DEPRESSED AREAS AND AREAS THAT LACK ADEQUATE NUMBERS OF PRIMARY CARE AND SPECIALTY PROVIDERS.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 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% |
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
Sign In| 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 |
| 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 |
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