Portland Adventist Medical Center (EIN 930429015) - 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

1900

Legal Domicile

Principal Officer

Kyle King

Phone

9164060000

Tax Period

2024-01-01 to 2024-12-31

Portland Adventist Medical Center, founded in 1900, is a major nonprofit in the Health Care sector that reported $447.9M in total revenue in fiscal year 2024. Revenue grew 11% year-over-year, indicating healthy expansion.

Mission

Living God's love by inspiring health, wholeness and hope.

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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 (2024)

Revenue Breakdown

Contributions & Grants $6,943,273

Program Service Revenue $411,396,546

Investment Income $2,768,431

Other Revenue $26,742,079

TOTAL REVENUE $447,850,329

Expense Breakdown

Grants Paid $308

Salaries & Benefits $252,085,776

Fundraising Expenses $534,855

Program Expenses $379,304,873

Other Expenses $216,261,464

TOTAL EXPENSES $468,347,548

Year-over-Year Comparison

	2024	2023	Change
Revenue	$447,850,329	$403,238,413	+0.1%
Expenses	$468,347,548	$408,210,934	+0.1%
Net Income	$-20,497,219	$-4,972,521	+3.1%

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

2103

Volunteers

155

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

$11,227,704

Total Directors

$6,800,226

Key Employees

$4,197,668

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Heinrich Kerry	Dir/Chair/CEO	0.00	Officer Director	$0	$57,975	$4,032,170
Hofheins Todd	Dir/Vice Chair/COO	0.00	Officer Director	$0	$65,992	$2,473,667
Freedman John	Director	0.00	Director	$0	$0	$27,203
Newton Bradford	Director	0.00	Director	$0	$0	$26,939
Cherry Robert	Director	0.00	Director	$0	$0	$26,611
Davis Andrew	Director	0.00	Director	$0	$0	$26,611
Innocent Larry	Director	0.00	Director	$0	$0	$26,611
Reiner Richard	Director	0.00	Director	$0	$0	$26,611
Wagner Jack	Director	0.00	Director	$0	$0	$21,611
Woodson Marc	Director	0.00	Director	$0	$0	$21,611
Salazar Velino	Director thru 09/24	0.00	Director	$0	$0	$21,181
Fehr Joy	Director	0.00	Director	$0	$0	$18,680
Beckett Ann	Director as of 01/24	0.00	Director	$0	$0	$17,930
Daggett Jonathan	Director as of 01/24	0.00	Director	$0	$0	$16,180
Jutzy Kenneth	Director as of 01/24	0.00	Director	$0	$0	$16,180
Cress John	Director as of 10/24	0.00	Director	$0	$0	$430
Beaman John	CFO/Assistant Secretary	0.00	Officer	$0	$79,808	$2,060,669
Jobe Meredith	Secretary	0.00	Officer	$0	$57,975	$1,279,079
King Kyle - PresAHPL	Pres, OR State Svc Area as of 04/24	16.70	Officer	$0	$57,996	$921,245
Panasuk Jason	Treasurer/Asst Secretary	50.00	Officer	$0	$57,819	$460,874
Newmyer Joyce - President	OR State Network thru 04/24	10.00	Key Emp	$0	$61,374	$1,400,281
Rippey Wesley	Area Medical Officer, AHPL	50.00	Key Emp	$0	$37,321	$833,584
Lee Adam	Operations Executive	50.00	Key Emp	$0	$79,483	$455,126
Erdmann Diana	Patient Care Executive	50.00	Key Emp	$0	$79,568	$436,629
Johnsson Terry	Mission Integration Executive	50.00	Key Emp	$0	$37,076	$394,365
Voshell Shane	Human Performance Executive, PNR	50.00	Key Emp	$0	$71,269	$376,356
White Randi - Medical Group	Administrator as of 04/24	50.00	Key Emp	$0	$44,162	$301,327
Spear Eugene	Physician	40.00	Highest	$1,267,541	$45,082	$1,312,623
Boskind Jeffrey	Physician	40.00	Highest	$1,040,482	$42,032	$1,082,514
Alhumaid Fawaz	Physician	40.00	Highest	$1,000,525	$56,809	$1,057,334
Carlston Cory	Physician	40.00	Highest	$881,323	$55,839	$937,162
Molloy Thomas	Physician	40.00	Highest	$818,518	$58,378	$876,896
Welch Donald - Former	Finance Off/Interim Treas thru 08/22	0.00		$0	$57,975	$764,267
Wing Bill - Former	Dir/Asst Secr/Vice Chair thru 01/22	0.00		$0	$0	$273,263
Stevens Eric - Former Care	Division Operations Exec thru 02/22	0.00		$0	$57,975	$1,944,121
Nahapetian Arby - Former Care	Division Medical Officer thru 02/22	0.00		$0	$79,808	$1,839,066
Jahn Andrew - Former Care	Care Division President thru 02/22	0.00		$0	$59,411	$752,628
Leach Judy - Former	Strategy & Comm Exec, PNR thru 02/20	0.00		$0	$50,219	$591,880
Knox Jody - Former	Physican Services Exec thru 04/23	0.00		$0	$4,199	$114,577

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	$447,850,329	$468,347,548	$277,729,117	$-20,497,219
2023	$403,238,413	$408,210,934	$301,187,849	$-4,972,521
2022	$371,267,714	$385,729,827	$311,207,507	$-14,462,113
2021	$357,191,389	$350,750,474	$362,858,300	$6,440,915
2020	$340,845,142	$336,879,996	$378,909,823	$3,965,146
2019	$346,186,849	$337,328,081	$340,125,339	$8,858,768
2018	$328,243,229	$326,559,125	$321,822,691	$1,684,104

Portland Adventist Medical Center