Petersburg Medical Center (EIN 926001607) - 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

1993

Legal Domicile

Principal Officer

Philip Hofstetter

Phone

9077724291

Tax Period

2022-07-01 to 2023-06-30

Petersburg Medical Center, founded in 1993, is a mid-sized nonprofit in the Public & Societal Benefit sector that reported $24.5M in total revenue in fiscal year 2022. Revenue surged 21% from the prior year, signaling strong growth momentum. Expenses of $22.3M left a modest 9% surplus.

Mission

Our mission is to provide excellent healthcare and to promote wellness in our community.

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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 $2,834,036

Program Service Revenue $20,190,193

Investment Income $95,012

Other Revenue $1,355,353

TOTAL REVENUE $24,474,594

Expense Breakdown

Grants Paid $0

Salaries & Benefits $13,899,131

Fundraising Expenses $0

Program Expenses $13,897,212

Other Expenses $8,433,719

TOTAL EXPENSES $22,332,850

Year-over-Year Comparison

	2022	2021	Change
Revenue	$24,474,594	$20,211,109	+0.2%
Expenses	$22,332,850	$23,522,885	-0.1%
Net Income	$2,141,744	$-3,311,776	-1.6%

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

N/A

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

$214,529

Total Directors

Key Employees

$624,048

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Jerod Cook	President	2.00	Officer Director	$0	$0	$0
Marlene Cushing	Secretary	2.00	Officer Director	$0	$0	$0
Joseph Stratman	Board Member	2.00	Director	$0	$0	$0
Cindi Lagoudakis	Board Member	2.00	Director	$0	$0	$0
Kim Simbahon	Board Member	2.00	Director	$0	$0	$0
Heather Conn	Board Member	2.00	Director	$0	$0	$0
Jim Roberts	Board Member	2.00	Director	$0	$0	$0
Philip Hofstetter	CEO	40.00	Officer	$214,529	$0	$214,529
Jennifer Bryner	CNO	40.00	Key Emp	$161,512	$0	$161,512
Cortney Hess	Chief Medical Officer	40.00	Key Emp	$308,811	$0	$308,811
Cynthia Newman	Chief Human Resources Officer	40.00	Key Emp	$153,725	$0	$153,725
Jennifer Hyer	Physician	40.00	Highest	$298,345	$0	$298,345
Selina Burt	Physician	40.00	Highest	$296,378	$0	$296,378
Kaitlin Duross	Physical Therapist	40.00	Highest	$132,991	$0	$132,991
Mark Tuccillo	Physician	40.00	Highest	$219,458	$0	$219,458
Nancy Higgins	Asst Lab Manager	40.00	Highest	$142,608	$0	$142,608
Violet Shimek	Lab Manager	40.00	Highest	$146,431	$0	$146,431
Eric Hulebak	Physician	40.00	Highest	$145,719	$0	$145,719
Angela Menish	Physician	40.00	Highest	$141,529	$0	$141,529
Kelly Zweifel	Clinic Manager	40.00	Highest	$137,738	$0	$137,738
Jill Dormer	Chief IT Officer	40.00	Highest	$134,938	$0	$134,938
Kirsten Rioux-Testoni	Home Health Manager	40.00	Highest	$134,592	$0	$134,592
Traci Vinson	RN	40.00	Highest	$129,693	$0	$129,693
Sonja Paul	Imaging Manager	40.00	Highest	$129,153	$0	$129,153
Laura Holder	RN	40.00	Highest	$120,983	$0	$120,983
Amy Hollis	RN	40.00	Highest	$120,557	$0	$120,557
Elizabeth Hart	RN	40.00	Highest	$119,200	$0	$119,200
Tami Stone	Radiology	40.00	Highest	$118,835	$0	$118,835
Elise Kubo	Pharmacy Manager	40.00	Highest	$118,687	$0	$118,687
Helen Boggs	RN	40.00	Highest	$117,690	$0	$117,690
Mary Kravitz	RN	40.00	Highest	$117,227	$0	$117,227
Patrick Sessa	Psychology	40.00	Highest	$115,161	$0	$115,161
Andrew Simmonds	Physical Therapist	40.00	Highest	$113,619	$0	$113,619
Amanda Galaktionoff	Physical Therapist	40.00	Highest	$111,901	$0	$111,901
Mamie Nilsen	RN	40.00	Highest	$111,406	$0	$111,406
Rozanne Plew	RN	40.00	Highest	$108,658	$0	$108,658
Margaret Agner	RN	40.00	Highest	$108,041	$0	$108,041
Matthew Pawuk	IT Manager	40.00	Highest	$107,623	$0	$107,623
Mike Boggs	Facilities Manager	40.00	Highest	$103,147	$0	$103,147
Sarah Gundy	Speech Therapist	40.00	Highest	$103,103	$0	$103,103
Lena Odegaard	RN	40.00	Highest	$102,889	$0	$102,889
Jolyn Duddles	RN	40.00	Highest	$100,098	$0	$100,098
Carolyn Kvernvik	RN	40.00	Highest	$100,069	$0	$100,069
Alice Hulebak	Physician	40.00	Highest	$255,712	$0	$255,712

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	$24,474,594	$22,332,850	$26,311,595	$2,141,744
2022	$20,211,109	$23,522,885	$30,819,911	$-3,311,776
2021	$25,162,605	$21,731,846	$23,572,702	$3,430,759
2020	$18,227,333	$17,248,946	$24,821,589	$978,387
2019	$16,545,096	$16,829,563	$17,666,114	$-284,467
2018	$16,328,487	$15,285,582	$17,275,982	$1,042,905

Petersburg Medical Center