SKY LAKES MEDICAL CENTER (EIN 930508781) - 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

1979

Legal Domicile

Principal Officer

DAVID CAUBLE

Phone

5412746311

Tax Period

2023-10-01 to 2024-09-30

SKY LAKES MEDICAL CENTER, founded in 1979, is a major nonprofit in the Health Care sector that reported $922.9M in total revenue in fiscal year 2023.

Mission

SKY LAKES MEDICAL CENTER WILL CONTINUALLY STRIVE TO REDUCE THE BURDEN OF ILLNESS, INJURY AND DISABILITY, AND TO IMPROVE THE HEALTH, SELF- RELIANCE AND WELL-BEING OF THE PEOPLE WE SERVE. WE WILL DEMONSTRATE THAT WE ARE COMPETENT AND CARING IN ALL WE DO. WE SHALL ENDEAVOR TO BE SO SUCCESSFUL IN THIS EFFORT THAT WE WILL BECOME A PREEMINENT HEALTHCARE CENTER.

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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 $1,335,160

Program Service Revenue $916,106,568

Investment Income $-701,782

Other Revenue $6,205,491

TOTAL REVENUE $922,945,437

Expense Breakdown

Grants Paid $20,120,992

Salaries & Benefits $180,701,648

Fundraising Expenses $0

Program Expenses $871,433,307

Other Expenses $715,266,162

TOTAL EXPENSES $916,088,802

Year-over-Year Comparison

	2023	2022	Change
Revenue	$922,945,437	$887,158,128	+0.0%
Expenses	$916,088,802	$885,373,256	+0.0%
Net Income	$6,856,635	$1,784,872	+2.8%

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

1990

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

$1,236,884

Total Directors

$1,179,252

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CAUBLE DAVID A	PRESIDENT & CEO	40.00	Officer Director	$607,563	$41,529	$649,092
G SCOTT MCCREADIE MD	BOARD MEMBER, MEDICAL DIRECTOR	40.00	Director	$489,424	$40,736	$530,160
JOHN BELL	CHAIRMAN	3.00	Officer Director	$0	$0	$0
ROD WENDT	VICE CHAIRMAN	1.00	Officer Director	$0	$0	$0
DAVID STORK	BOARD MEMBER	1.00	Director	$0	$0	$0
DOUGLAS MCINNIS DVM	BOARD MEMBER	1.00	Director	$0	$0	$0
HEIDI NEEL BIGGS	BOARD MEMBER	1.00	Director	$0	$0	$0
WENDY WARREN MD	BOARD MEMBER	1.00	Director	$0	$0	$0
RADU MOISA	BOARD MEMBER	1.00	Director	$0	$0	$0
RICO RICHARD E	VP & CFO	40.00	Officer	$551,633	$36,159	$587,792
NARAGHI FRED F	MEDICAL PROVIDER	40.00	Highest	$1,098,559	$44,581	$1,143,140
KUBAC GEORGE	MEDICAL PROVIDER	40.00	Highest	$807,330	$33,785	$841,115
OGAO JARED	MEDICAL PROVIDER	40.00	Highest	$674,315	$41,358	$715,673
HASSAN AMR	MEDICAL PROVIDER	40.00	Highest	$666,739	$41,734	$708,473
SMITH STANTON T	MEDICAL PROVIDER	40.00	Highest	$639,388	$40,022	$679,410
STEWART PAUL	FORMER CEO	40.00		$274,395	$17,851	$292,246

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	$922,945,437	$916,088,802	$478,660,589	$6,856,635
2023	$887,158,128	$885,373,256	$473,045,212	$1,784,872
2022	$838,214,455	$822,886,763	$457,933,824	$15,327,692
2021	$730,315,098	$722,612,979	$484,927,036	$7,702,119
2020	$667,970,427	$646,340,655	$459,854,725	$21,629,772
2019	$679,891,837	$656,398,667	$416,863,008	$23,493,170
2018	$646,876,631	$628,664,655	$379,169,745	$18,211,976

SKY LAKES MEDICAL CENTER