Flagstaff Medical Center

EIN: 860110232 501(c)(3) Health Care

FLAGSTAFF, AZ

Total Revenue
$566,472,764
Total Expenses
$511,734,673
Total Assets
$873,462,663
Net Assets
$734,260,546
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1936
Legal Domicile
AZ
Phone
9287793366
Tax Period
2023-07-01 to 2024-06-30

Flagstaff Medical Center, founded in 1936, is a major nonprofit in the Health Care sector that reported $566.5M in total revenue in fiscal year 2023. Expenses of $511.7M left a modest 10% surplus.

Mission

IMPROVING HEALTH, HEALING PEOPLE.

Program Service Accomplishments

Program 1
Expenses: $409,280,470 Revenue: $503,398,029

Flagstaff Medical Center provides comprehensive healthcare services, including a 268-bed acute care hospital and trauma center, inpatient behavioral health care, specialty physician clinics, a cancer...

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Flagstaff Medical Center provides comprehensive healthcare services, including a 268-bed acute care hospital and trauma center, inpatient behavioral health care, specialty physician clinics, a cancer center, and physical rehabilitative therapies. IMPROVING HEALTH, HEALING PEOPLE. ONE OF THE NICEST THINGS ABOUT LIVING IN NORTHERN ARIZONA IS YOU DON'T HAVE TO TRAVEL TO GET EXCELLENT HEALTHCARE. SINCE 1936, FLAGSTAFF MEDICAL CENTER (FMC), A MEMBER OF NORTHERN ARIZONA HEALTHCARE, HAS PROVIDED HIGH QUALITY HEALTHCARE SERVICES TO RESIDENTS AND VISITORS OF NORTHERN ARIZONA. WE ARE DEDICATED TO PATIENT-CENTERED CARE WITH A PERSONAL TOUCH. FMC IS LICENSED BY MEDICARE AND THE STATE OF ARIZONA. FOUNDED BY DR. CHARLES SECHRIST AS FLAGSTAFF HOSPITAL, THE 25-BED HOSPITAL WAS DONATED TO THE COMMUNITY OF FLAGSTAFF IN 1955. TODAY, FLAGSTAFF MEDICAL CENTER REMAINS A NOT-FOR-PROFIT HOSPITAL, GOVERNED BY A VOLUNTEER BOARD OF DIRECTORS. WE TREAT EVERY PATIENT, REGARDLESS OF THEIR ABILITY TO PAY. EVERY YEAR, FLAGSTAFF MEDICAL CENTER INVESTS IN ITS COMMUNITY HOSPITAL TO ENSURE WE ARE PROVIDING THE BEST, SAFEST CARE, CLOSE TO HOME. WE PROVIDE KEY SERVICES TO NORTHERN ARIZONA RESIDENTS AND VISITORS, INCLUDING A REGIONAL TRAUMA CENTER; OPEN-HEART SURGERY; HIGH-TECH IMAGING; A CANCER CENTER; SURGICAL SERVICES; ORTHOPEDIC SERVICES; WOMEN, INFANTS CHILDREN'S SERVICES; AND MORE. FMC CURRENTLY HAS: - 268 INPATIENT BEDS - 300 PHYSICIANS ON OUR ACTIVE MEDICAL STAFF - 20,518 ANNUAL INPATIENT HOSPITAL ADMISSIONS - 64,733 INPATIENT DAYS - 137,424 ANNUAL OUTPATIENT HOSPITAL VISITS - 45,830 ANNUAL EMERGENCY DEPARTMENT VISITS - 978 BABIES BORN THIS YEAR AT FMC FLAGSTAFF MEDICAL CENTER'S MISSION AND VISION ----------------------------------------------------------------------------------------------------------------------- MISSION - IMPROVING HEALTH, HEALING PEOPLE. VISION - ALWAYS BETTER CARE. EVERY PERSON, EVERY TIME...TOGETHER.

Program 2
Expenses: $35,558,374 Revenue: $37,755,807

GUARDIAN AIR PROVIDES AIR TRANSPORTATION SERVICES TO PATIENTS THROUGHOUT THE NORTHERN ARIZONA COMMUNITY, ENABLING FLAGSTAFF MEDICAL CENTER TO EXPAND ITS SCOPE OF SERVICES BY SERVING PATIENTS FROM THE...

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GUARDIAN AIR PROVIDES AIR TRANSPORTATION SERVICES TO PATIENTS THROUGHOUT THE NORTHERN ARIZONA COMMUNITY, ENABLING FLAGSTAFF MEDICAL CENTER TO EXPAND ITS SCOPE OF SERVICES BY SERVING PATIENTS FROM THE MOMENT TREATMENT BEGINS IN THE AIR TRANSPORT.

Program 3
Expenses: $10,647,338 Revenue: $13,400,036

GUARDIAN MEDICAL TRANSPORT PROVIDES AMBULANCE SERVICES TO PATIENTS THROUGHOUT THE NORTHERN ARIZONA COMMUNITY, ENABLING FLAGSTAFF MEDICAL CENTER TO EXPAND ITS SCOPE OF SERVICES BY SERVING PATIENTS...

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GUARDIAN MEDICAL TRANSPORT PROVIDES AMBULANCE SERVICES TO PATIENTS THROUGHOUT THE NORTHERN ARIZONA COMMUNITY, ENABLING FLAGSTAFF MEDICAL CENTER TO EXPAND ITS SCOPE OF SERVICES BY SERVING PATIENTS FROM THE MOMENT TREATMENT BEGINS IN THE GROUND AMBULANCE. GUARDIAN MEDICAL TRANSPORT HOLDS THE SOLE CERTIFICATE OF NEED FOR GROUND-BASED EMERGENCY TRANSPORT IN COCONINO COUNTY.

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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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $365,368
Program Service Revenue $553,153,567
Investment Income $11,553,524
Other Revenue $1,400,305
TOTAL REVENUE $566,472,764

Expense Breakdown

Grants Paid $0
Salaries & Benefits $207,920,730
Fundraising Expenses $0
Program Expenses $455,486,182
Other Expenses $303,813,943
TOTAL EXPENSES $511,734,673

Year-over-Year Comparison

2023 2022 Change
Revenue $566,472,764 $546,207,531 +0.0%
Expenses $511,734,673 $484,067,899 +0.1%
Net Income $54,738,091 $62,139,632 -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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Liquidity & Cash Position

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Governance

Voting Members
13
Independent Members
12
Employees
N/A
Volunteers
100

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
6
$1,422,312
Total Directors
13
$879,135
Key Employees
3
$1,189,693
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Charlie Agee MD Director/Secretary 1.0
Officer Director
$0 $0 $0
DAVID CHENEY NAH PRESIDENT/CEO 10.0
Officer Director
$0 $29,634 $879,135
John Rivers Director/Treasurer 1.0
Officer Director
$0 $0 $0
William Jeffers Director/Treasurer 1.0
Officer Director
$0 $0 $0
William Riley PHD Director/Chair 1.0
Officer Director
$0 $0 $0
Alice Gagnaire RN Director 1.0
Director
$0 $0 $0
Daryl Melvin Director 1.0
Director
$0 $0 $0
Janet Corrigan PHD Director 1.0
Director
$0 $0 $0
PAULA HERALD DIRECTOR 1.0
Director
$0 $0 $0
Randall Garrison Director 1.0
Director
$0 $0 $0
RICHARD EVNEN DIRECTOR 1.0
Director
$0 $0 $0
Troy Lorents DIRECTOR 1.0
Director
$0 $0 $0
William Badger MD DIRECTOR 1.0
Director
$0 $0 $0
Clifford Loader Chief Financial Officer 12.0
Officer
$0 $24,755 $543,177
DEREK FEUQUAY Chief Medical Officer 10.0
Key Emp
$0 $35,585 $519,251
MATT SENA VP Operations 20.0
Key Emp
$0 $34,985 $347,573
TYFFANY J SWEENEY Chief Nursing Officer 28.0
Key Emp
$0 $18,389 $322,869
Andrew J Burkle Pharmacist 40.0
Highest
$0 $35,200 $280,769
Christopher Konradi Pharmacist 40.0
Highest
$0 $30,328 $239,154
Jacob D Stearley Pharmacist 40.0
Highest
$0 $30,176 $237,962
Mark S Jensen Pharmacist 40.0
Highest
$0 $22,043 $246,781
Scott Waldrop Director of Pharmacy Services 40.0
Highest
$0 $32,425 $257,894
Florence Spyrow FORMER NAH PRESIDENT/CEO 0.0
$0 $0 $802,687
Joshua Tinkle FORMER COO/INTERIM NAH CEO 0.0
$0 $21,195 $418,559
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 No data No data No data No data
2024 $566,472,764 $511,734,673 $873,462,663 $54,738,091
2023 $546,207,531 $484,067,899 $859,927,734 $62,139,632
2022 $520,038,158 $467,871,106 $845,814,540 $52,167,052
2021 $510,973,003 $419,676,113 $939,720,721 $91,296,890
2020 $464,174,501 $400,046,061 $850,026,662 $64,128,440
2019 $489,257,897 $405,687,629 $775,428,696 $83,570,268
2018 $465,954,141 $403,299,275 $765,560,326 $62,654,866
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