SANTIAM MEMORIAL HOSPITAL

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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

1950

Legal Domicile

Principal Officer

MAGGIE HUDSON

Phone

5037692175

Tax Period

2023-01-01 to 2023-12-31

SANTIAM MEMORIAL HOSPITAL, founded in 1950, is a major nonprofit in the Health Care sector that reported $228.7M in total revenue in fiscal year 2023. Revenue surged 130% from the prior year, signaling strong growth momentum.

Mission

SANTIAM MEMORIAL HOSPITAL'S MISSION IS TO PROVIDE QUALITY HEALTH CARE TO PERSONS SUFFERING FROM ILLNESS, INJURIES, OR DISABILITIES AND TO PROMOTE THE GENERAL HEALTH AND WELFARE OF THE COMMUNITY THROUGH EDUCATION, SUPPORT, AND MEDICAL SERVICES.

Program Service Accomplishments

Program 1

Expenses: $221,273,562 Revenue: $221,551,877

ACUTE HOSPITAL CARE: PATIENT DAYS 3,756, NURSERY DAYS 178, AMBULANCE TRIPS 2,254, OUTPATIENT DAYS 67,274, REFERENCE LABORATORY 210,297.

Program 2

Expenses: $882,854

SANTIAM CANYON WILDFIRE RELIEF FUND DISTRIBUTION TO PEOPLE IMPACTED BY OREGON WILDFIRES.

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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 (2023)

Revenue Breakdown

Contributions & Grants $6,145,080

Program Service Revenue $221,987,045

Investment Income $554,377

Other Revenue $0

TOTAL REVENUE $228,686,502

Expense Breakdown

Grants Paid $1,490,165

Salaries & Benefits $65,921,937

Fundraising Expenses $0

Program Expenses $222,156,416

Other Expenses $167,582,789

TOTAL EXPENSES $234,994,891

Year-over-Year Comparison

	2023	2022	Change
Revenue	$228,686,502	$99,549,207	+1.3%
Expenses	$234,994,891	$99,293,332	+1.4%
Net Income	$-6,308,389	$255,875	-25.7%

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

939

Volunteers

381

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

$580,787

Total Directors

Key Employees

$798,029

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MIKE ODENTHAL	CHAIR	3.00	Officer Director	$0	$0	$0
ED DIEHL	VICE CHAIR	3.00	Officer Director	$0	$0	$0
VICTOR KINTZ	SECRETARY	3.00	Officer Director	$0	$0	$0
GENNY BALDWIN	DIRECTOR	3.00	Director	$0	$0	$0
MARYANN MEREDITH	DIRECTOR	3.00	Director	$0	$0	$0
RANDY MICKEY	DIRECTOR	3.00	Director	$0	$0	$0
RON ETZEL	DIRECTOR	3.00	Director	$0	$0	$0
SILVIA HERNANDEZ	DIRECTOR	3.00	Director	$0	$0	$0
PAM RAY	DIRECTOR	3.00	Director	$0	$0	$0
MAGGIE HUDSON	CEO	50.00	Officer	$299,689	$50,760	$350,449
RACHAEL SEEDER	CFO	50.00	Officer	$183,062	$47,276	$230,338
STEVE VETS	CMO	50.00	Key Emp	$299,345	$16,000	$315,345
SHERRI STEELE	CNO	50.00	Key Emp	$226,113	$36,490	$262,603
TIFFANIE PYE	COO	50.00	Key Emp	$195,776	$24,305	$220,081
DAVID THORSETT	M.D.	40.00	Highest	$742,418	$28,275	$770,693
STEVE YAO	M.D.	40.00	Highest	$591,705	$24,775	$616,480
JOHN HOFFMAN	M.D.	40.00	Highest	$510,153	$28,275	$538,428
VINCENT GIMINO	M.D.	40.00	Highest	$473,949	$28,275	$502,224
NICOLAS J STRATTON	M.D.	40.00	Highest	$461,712	$28,275	$489,987

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	$228,686,502	$234,994,891	$81,308,822	$-6,308,389
2022	$99,549,207	$99,293,332	$85,570,354	$255,875
2021	$98,075,548	$83,892,349	$79,039,753	$14,183,199
2020	$73,903,285	$67,060,318	$73,122,908	$6,842,967
2019	$58,907,732	$57,291,187	$55,805,974	$1,616,545
2018	$52,132,406	$55,004,250	$56,308,976	$-2,871,844