MARIN GENERAL HOSPITAL (EIN 942823538) - 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

1991

Legal Domicile

Principal Officer

DAVID KLEIN MD MBA

Phone

4159257000

Tax Period

2024-01-01 to 2024-12-31

MARIN GENERAL HOSPITAL, founded in 1991, is a major nonprofit in the Health Care sector that reported $661.9M in total revenue in fiscal year 2024. Revenue grew 12% year-over-year, indicating healthy expansion. Expenses of $637.9M left a modest 4% surplus.

Mission

TO PROVIDE EXCEPTIONAL HEALTH CARE SERVICES IN A COMPASSIONATE AND HEALING ENVIRONMENT.

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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 $9,518,280

Program Service Revenue $645,231,210

Investment Income $5,982,886

Other Revenue $1,149,010

TOTAL REVENUE $661,881,386

Expense Breakdown

Grants Paid $36,290,725

Salaries & Benefits $314,169,265

Fundraising Expenses $0

Program Expenses $574,579,635

Other Expenses $287,478,663

TOTAL EXPENSES $637,938,653

Year-over-Year Comparison

	2024	2023	Change
Revenue	$661,881,386	$589,970,156	+0.1%
Expenses	$637,938,653	$580,104,407	+0.1%
Net Income	$23,942,733	$9,865,749	+1.4%

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

2226

Volunteers

145

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

$2,965,738

Total Directors

$2,125,068

Key Employees

$4,327,866

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ANDREA SCHULTZ	CHAIR	2.00	Officer Director	$0	$0	$0
JOSEPH C EUPHRAT	VICE CHAIR	2.00	Officer Director	$0	$0	$0
MARTIN ARRICK MBA PMH	TREASURER	2.00	Officer Director	$0	$0	$0
JOE ABRAMS	SECRETARY	2.00	Officer Director	$0	$0	$0
JOSHUA ADLER MD	BOARD MEMBER	2.00	Director	$0	$0	$0
LISA CARMEL	BOARD MEMBER	2.00	Director	$0	$0	$0
SHELBY DECOSTA MHA	BOARD MEMBER (THRU 7/2024)	2.00	Director	$0	$0	$0
KC GEORGE MBA	BOARD MEMBER	2.00	Director	$0	$0	$0
MICHAEL K KWOK MD	BOARD MEMBER	2.00	Director	$0	$0	$0
MARK LEVSKY MD	BOARD MEMBER	2.00	Director	$0	$0	$0
DENISE LUCY EDD	BOARD MEMBER	2.00	Director	$0	$0	$0
HADLEY MULLIN MBA	BOARD MEMBER	2.00	Director	$0	$0	$0
ADAM NEVITT MD	BOARD MEMBER	2.00	Director	$0	$0	$0
DANIEL VASQUEZ CBE MBA MPP	BOARD MEMBER	2.00	Director	$0	$0	$0
DAVID KLEIN MD	CEO & BOARD MEMBER	46.00	Officer Director	$2,084,686	$40,382	$2,125,068
ERIC BRETTNER	CHIEF FINANCIAL OFFICER	46.00	Officer	$789,007	$51,663	$840,670
ANDREW APOLINARSKI MSN RN CNL	CHIEF NURSING OFFICER	50.00	Key Emp	$589,674	$154,435	$744,109
COLIN LEARY JD	GENERAL COUNSEL	50.00	Key Emp	$642,493	$50,857	$693,350
JENNIFER SCHAAB MBA MPH	MHMN PRESIDENT	0.00	Key Emp	$632,835	$18,684	$651,519
ANITA CHANDRASENA MD	CHIEF MEDICAL OFFICER	50.00	Key Emp	$616,882	$27,412	$644,294
MARY FRIEDMAN	CHIEF STRATEGY OFFICER	48.00	Key Emp	$500,474	$64,805	$565,279
ELIZABETH KOLCUN	CHIEF DEVELOPMENT OFFICER	4.00	Key Emp	$458,591	$58,690	$517,281
EUGENE LEWIS	CHIEF HUMAN RESOURCES OFFICER	48.00	Key Emp	$475,248	$36,786	$512,034
MICHAEL KIM MD	MHMN VP OF MED AFFAIRS (THRU 9/2024)	0.00	Highest	$931,738	$0	$931,738
GREGORY LEE	IR/CATH/EP TECH LEAD	40.00	Highest	$626,381	$74,362	$700,743
SANDY AUGUSTUS	CLINICAL RN III	40.00	Highest	$521,792	$82,132	$603,924
CHUN LI	CHIEF CLIN PHYSICIST & DIR RAD ONC	40.00	Highest	$429,894	$148,273	$578,167
ELIZABETH WADE	CLINICAL RN III	40.00	Highest	$462,262	$41,581	$503,843
KARIN SHAVELSON MD FAAP	FORMER CHIEF MEDICAL OFFICER	0.00		$446,750	$2,132	$448,882

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	$661,881,386	$637,938,653	$709,075,325	$23,942,733
2023	$589,970,156	$580,104,407	$660,842,624	$9,865,749
2022	$541,744,888	$526,435,755	$571,672,909	$15,309,133
2021	$493,661,152	$493,034,731	$579,435,408	$626,421
2020	$443,044,275	$457,546,777	$591,205,169	$-14,502,502
2019	$439,788,556	$436,480,890	$557,491,090	$3,307,666
2018	$433,873,878	$419,964,162	$447,573,316	$13,909,716

MARIN GENERAL HOSPITAL