Rideout Memorial Hospital (EIN 941387866) - 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

1955

Legal Domicile

Principal Officer

Chris Champlin

Phone

9164060000

Tax Period

2023-01-01 to 2023-12-31

Rideout Memorial Hospital, founded in 1955, is a major nonprofit in the Health Care sector that reported $491.9M in total revenue in fiscal year 2023. Revenue grew 10% 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 (2023)

Revenue Breakdown

Contributions & Grants $17,042,743

Program Service Revenue $474,477,534

Investment Income $576,114

Other Revenue $-200,931

TOTAL REVENUE $491,895,460

Expense Breakdown

Grants Paid $317,352

Salaries & Benefits $218,053,934

Fundraising Expenses $553,127

Program Expenses $435,907,606

Other Expenses $313,750,395

TOTAL EXPENSES $532,121,681

Year-over-Year Comparison

	2023	2022	Change
Revenue	$491,895,460	$448,719,218	+0.1%
Expenses	$532,121,681	$506,197,381	+0.1%
Net Income	$-40,226,221	$-57,478,163	-0.3%

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

2200

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

$9,898,969

Total Directors

$5,761,778

Key Employees

$3,895,444

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Heinrich Kerry	Dir/Chair/CEO	0.00	Officer Director	$0	$57,395	$3,359,823
Hofheins Todd	Dir/Vice Chair/COO	0.00	Officer Director	$0	$76,141	$2,348,733
Innocent Larry	Director	0.00	Director	$0	$0	$26,611
Reiner Richard	Director	0.00	Director	$0	$0	$26,611
Beaman John	CFO/Assistant Secretary	0.00	Officer	$0	$73,355	$1,753,908
Jobe Meredith	Secretary	0.00	Officer	$0	$59,410	$1,018,898
Champlin Christopher	President	39.00	Officer	$0	$52,508	$907,220
Thordarson Heidar	Treasurer/Asst Secretary	39.00	Officer	$0	$45,670	$510,387
Stevens Eric - President	Northern CA/HI State Network	5.00	Key Emp	$0	$59,552	$1,585,845
Heard Alexander	Medical Officer	48.00	Key Emp	$0	$67,194	$762,796
Spencer Lindsey	Operations Executive	48.00	Key Emp	$0	$51,445	$616,196
Gordon Cyndy	Patient Care Executive	50.00	Key Emp	$0	$52,285	$517,444
Oliver Robin	Business Development Executive	48.00	Key Emp	$0	$53,712	$413,163
Sarson Linda	RN	40.00	Highest	$342,425	$72,616	$415,041
Hyer Theresa	Director, Emergency Services	40.00	Highest	$294,774	$88,032	$382,806
Garcia Julie	RN, House Supervisor	40.00	Highest	$282,126	$68,274	$350,400
Erickson Nathan	RN Nurse Lead	40.00	Highest	$284,764	$40,187	$324,951
Iachella Isela	Director, RN	40.00	Highest	$281,306	$19,599	$300,905
Wing Bill - Former	Director/Chair thru 01/22	0.00		$0	$40,073	$1,478,533
Gonzalez Eduardo	Former Treas/Asst Secr thru 06/22	0.00		$0	$38,505	$371,620
Byrnes John - Former	Medical Officer, NCR thru 02/20	0.00		$0	$34,955	$298,614
Jahn Andrew - Former	Care Division President thru 02/22	0.00		$0	$103,785	$1,569,691
Nahapetian Arby - Former Care	Division Medical Officer thru 02/22	0.00		$0	$69,613	$1,551,907
Spenst Brett - Former Care	Division Finance Officer thru 02/22	0.00		$0	$45,847	$566,472
Mensch Deborah - Former	Patient Care Executive thru 08/20	0.00		$0	$59,972	$442,692
Arrowsmith Monica - Former	Bus Development Leader thru 02/22	0.00		$0	$62,781	$231,387

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	$491,895,460	$532,121,681	$450,476,121	$-40,226,221
2022	$448,719,218	$506,197,381	$444,440,075	$-57,478,163
2021	$453,739,870	$530,683,081	$442,983,359	$-76,943,211
2020	$444,845,789	$487,180,974	$477,359,112	$-42,335,185
2019	$413,152,163	$447,733,600	$468,844,298	$-34,581,437
2018	$416,309,918	$414,860,183	$478,671,869	$1,449,735

Rideout Memorial Hospital