HARRISON MEDICAL CENTER (EIN 910565546) - 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

1918

Legal Domicile

Principal Officer

CHAD MELTON

Phone

5642401000

Tax Period

2022-07-01 to 2023-06-30

HARRISON MEDICAL CENTER, founded in 1918, is a major nonprofit in the Health Care sector that reported $687.6M in total revenue in fiscal year 2022. Expenses of $638.9M left a modest 7% surplus.

Mission

HARRISON MAKES A POSITIVE DIFFERENCE IN PEOPLE'S LIVES THROUGH EXCEPTIONAL HEALTH CARE.

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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 (2022)

Revenue Breakdown

Contributions & Grants $16,353,149

Program Service Revenue $657,198,477

Investment Income $2,350,168

Other Revenue $11,676,773

TOTAL REVENUE $687,578,567

Expense Breakdown

Grants Paid $160,000

Salaries & Benefits $209,678,957

Fundraising Expenses $0

Program Expenses $510,445,244

Other Expenses $429,069,860

TOTAL EXPENSES $638,908,817

Year-over-Year Comparison

	2022	2021	Change
Revenue	$687,578,567	$679,859,936	+0.0%
Expenses	$638,908,817	$583,677,308	+0.1%
Net Income	$48,669,750	$96,182,628	-0.5%

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

2319

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

$4,071,022

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DAVID SCHULTZ	FORMER PRESIDENT (THRU 9/21)	50.00		$1,867,703	$18,227	$1,885,930
SATYAVARDHAN PULUKURTHY	FORMER HIGHEST COMPENSATED EMPLOYEE	0.00		$0	$46,638	$1,455,352
R KING	FORMER HIGHEST COMPENSATED EMPLOYEE	0.00		$0	$68,992	$1,153,176
NATHAN SEGERSON	FORMER HIGHEST COMPENSATED EMPLOYEE	0.00		$0	$52,386	$1,152,540
MANAS JAIN	FORMER HIGHEST COMPENSATED EMPLOYEE	0.00		$0	$28,980	$1,141,023
JACOB MATHEW	FORMER HIGHEST COMPENSATED EMPLOYEE	0.00		$0	$49,762	$999,693
MICHAEL ANDERSON	CHIEF MEDICAL OFFICER (THRU 12/2022)	20.00	Officer	$0	$39,129	$780,282
CHAD MELTON	PRESIDENT	50.00	Officer	$690,858	$41,293	$732,151
DAVID NOSACKA	DIVISION SVP & CFO	2.00	Officer	$0	$43,336	$722,710
DIANNE AROH	DIV SVP CNO	2.00	Officer	$0	$13,287	$555,419
KIM MOORE MD	INTERIM SVP/CHIEF MEDICAL OFFICER	20.00	Officer	$0	$32,884	$524,780
DAVID WEISS	FORMER KEY EMPLOYEE	0.00		$0	$33,834	$467,556
PETER RE	RN CERT	40.00	Highest	$452,937	$7,782	$460,719
REVELA ROSIMO	RN CERT	40.00	Highest	$383,446	$43,975	$427,421
JIM TERWILLIGER	SVP-COO	20.00	Officer	$0	$1,107	$415,939
GEMMA BULANDI	RN CERT	40.00	Highest	$310,261	$44,076	$354,337
MA EJEM-DAGAHOY	RN	40.00	Highest	$299,390	$47,991	$347,381
JEANELL RASMUSSEN	VP & CNO (THRU 6/2/23)	50.00	Officer	$307,094	$32,647	$339,741
CATINA STRODE	RN	40.00	Highest	$289,922	$30,408	$320,330
MARY GARGUILE	IMMEDIATE PAST CHAIR	2.00	Director	$0	$0	$0
BEAU BAKKEN	CHAIR	2.00	Officer Director	$0	$0	$0
MICHAEL HOFFMAN	TRUSTEE (THRU 12/2022)	2.00	Director	$0	$0	$0
DENNIS HUNTHAUSEN	TRUSTEE	2.00	Director	$0	$0	$0
ANITA MCINTYRE MD	VICE CHAIR	2.00	Officer Director	$0	$0	$0
KELLY NELSON CPA	TRUSTEE	2.00	Director	$0	$0	$0
RONALD REIMER MD	TRUSTEE	2.00	Director	$0	$0	$0
JOE ROSZAK	TRUSTEE	2.00	Director	$0	$0	$0
PETE SCHLICHER	TRUSTEE	2.00	Director	$0	$0	$0
RICK TIFT	SECRETARY/TREASURER	2.00	Officer Director	$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
2025	No data	No data	No data	No data
2024	No data	No data	No data	No data
2023	$687,578,567	$638,908,817	$779,747,984	$48,669,750
2022	$679,859,936	$583,677,308	$1,078,859,666	$96,182,628
2021	$647,925,756	$551,558,809	$1,232,445,041	$96,366,947
2021	$647,925,756	$551,558,809	$1,232,445,041	$96,366,947
2020	$610,732,461	$477,157,872	$1,114,742,765	$133,574,589
2019	$615,070,526	$489,681,124	$866,318,017	$125,389,402
2018	$565,054,375	$451,694,532	$732,067,809	$113,359,843

HARRISON MEDICAL CENTER