OVERLAKE HOSPITAL ASSOCIATION

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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

1984

Legal Domicile

Principal Officer

J MICHAEL MARSH

Phone

4256885000

Tax Period

2022-07-01 to 2023-06-30

OVERLAKE HOSPITAL ASSOCIATION, founded in 1984, is a mid-sized nonprofit that reported $11.9M in total revenue in fiscal year 2022. Net assets of $28.1M represent 28 months of operating reserves.

Mission

THE PURPOSE OF OVERLAKE HOSPITAL ASSOCIATION IS TO PROVIDE SUPPORT TO OVERLAKE HOSPITAL MEDICAL CENTER, OVERLAKE HOSPITAL FOUNDATION THEREBY IMPROVING THE HEALTH CARE OF THE COMMUNITY.

Program Service Accomplishments

Program 1

Expenses: $4,586,291 Revenue: $11,740,837

THE ASSOCIATION RENTED 178,523 SQUARE FEET TO ITS EXEMPT AFFILIATES AND OTHER MEDICAL GROUPS AS OF JUNE 30, 2023 ALLOWING ADDITIONAL HOSPITAL SERVICES AND PHYSICIAN SERVICES TO BE PROVIDED CLOSE TO...

Program 2

Expenses: $7,600,000

THE OVERLAKE HOSPITAL ASSOCIATION PROVIDED $7,600,000.00 OF FINANCIAL SUPPORT TO OVERLAKE HOSPITAL MEDICAL CENTER FOR MODERN EQUIPMENT AND COMPREHENSIVE SERVICES AND PROGRAMS.

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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 $0

Program Service Revenue $11,740,837

Investment Income $373

Other Revenue $166,560

TOTAL REVENUE $11,907,770

Expense Breakdown

Grants Paid $7,600,000

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $12,186,291

Other Expenses $4,725,218

TOTAL EXPENSES $12,325,218

Year-over-Year Comparison

	2022	2021	Change
Revenue	$11,907,770	$11,384,415	+0.0%
Expenses	$12,325,218	$9,241,618	+0.3%
Net Income	$-417,448	$2,142,797	-1.2%

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

N/A

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

$2,271,430

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JASON THOMPSON	CHAIR	0.50	Officer Director	$0	$0	$0
TOM EVERT	SECRETARY & TREASURER	0.50	Officer Director	$0	$0	$0
ROBERT CAMPBELL	TRUSTEE	4.00	Director	$0	$0	$0
PAULINE BACH	TRUSTEE	1.00	Director	$0	$0	$0
KIRSTINA BELFIORE	TRUSTEE	0.50	Director	$0	$0	$0
JORGE CERDA	TRUSTEE	3.00	Director	$0	$0	$0
ANNETTE CLARK	TRUSTEE	2.00	Director	$0	$0	$0
TED HERB	TRUSTEE	2.00	Director	$0	$0	$0
TIFFANY KOENIG	TRUSTEE	0.50	Director	$0	$0	$0
JAMES LADD	TRUSTEE	0.50	Director	$0	$0	$0
MARTHA LEE	TRUSTEE	3.00	Director	$0	$0	$0
LINDA MAHAFFEY	TRUSTEE	1.00	Director	$0	$0	$0
UMA RAGHAVAN	TRUSTEE	0.50	Director	$0	$0	$0
JULIE SUN	FOUNDATION REPRESENTATIVE	2.00	Director	$0	$0	$0
DILIP WAGLE	TRUSTEE	1.00	Director	$0	$0	$0
LISA WISSNER-SLIVKA	TRUSTEE	1.00	Director	$0	$0	$0
JESSIE WOOLLEY-WILSON	TRUSTEE	2.00	Director	$0	$0	$0
J MICHAEL MARSH	PRESIDENT & CEO	4.00	Officer	$0	$144,346	$1,607,171
ANDREW J TOKAR	CHIEF FINANCIAL OFFICER	5.00	Officer	$0	$72,826	$664,259

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	No data	No data	No data	No data
2023	$11,907,770	$12,325,218	$28,473,309	$-417,448
2022	$11,384,415	$9,241,618	$29,520,780	$2,142,797
2021	$12,421,472	$8,130,444	$31,794,126	$4,291,028
2020	$11,110,159	$7,884,913	$31,992,329	$3,225,246
2019	$11,337,100	$8,867,996	$32,070,946	$2,469,104
2018	$10,985,643	$8,735,290	$33,471,488	$2,250,353