MEMORIAL HEALTH SERVICES (EIN 951643381) - 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

1937

Legal Domicile

Principal Officer

KAREN TESTMAN

Phone

7143773002

Tax Period

2024-07-01 to 2025-06-30

MEMORIAL HEALTH SERVICES, founded in 1937, is a major nonprofit in the Health Care sector that reported $484.0M in total revenue in fiscal year 2024. The organization ran a surplus of $100.1M, a strong 21% operating margin.

Mission

TO IMPROVE THE HEALTH AND WELL-BEING OF INDIVIDUALS, FAMILIES AND OUR COMMUNITIES.

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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 $3,549,348

Program Service Revenue $294,048,224

Investment Income $156,094,204

Other Revenue $30,328,483

TOTAL REVENUE $484,020,259

Expense Breakdown

Grants Paid $35,000

Salaries & Benefits $177,989,299

Fundraising Expenses $0

Program Expenses $231,263,436

Other Expenses $205,889,599

TOTAL EXPENSES $383,913,898

Year-over-Year Comparison

	2024	2023	Change
Revenue	$484,020,259	$450,281,604	+0.1%
Expenses	$383,913,898	$360,704,226	+0.1%
Net Income	$100,106,361	$89,577,378	+0.1%

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

1255

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

$12,391,547

Total Directors

$7,083,129

Key Employees

$14,664,425

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BARRY S ARBUCKLE	PRESIDENT(THRU 4/2025)/CEO	50.00	Officer Director	$5,859,346	$1,223,783	$7,083,129
KAREN A TESTMAN	EVP, CHIEF FINANCIAL OFFICER	59.00	Officer	$1,768,311	$368,116	$2,136,427
DAVID S KIM	CEO/EVP, MCMF/MHS PRES(FROM 4/2025)	50.00	Officer	$1,550,109	$361,325	$1,911,434
THOMAS J LEARY	EVP, CHIEF LEGAL OFFICER	60.00	Key Emp	$1,373,660	$309,503	$1,683,163
STEVEN BEAL	SVP, INFO SYSTEMS/CIO	60.00	Key Emp	$1,060,071	$206,640	$1,266,711
LAURIE D SICAEROS	CHIEF STRATEGY OFFICER (THRU 12/25)	60.00	Officer	$1,067,145	$193,412	$1,260,557
MARY P LEAHY	SVP, CHIEF HR OFFICER	60.00	Key Emp	$900,564	$188,276	$1,088,840
ADOLFO O CHANEZ	SVP, CORPORATE FINANCE & TREASURER	60.00	Key Emp	$745,238	$185,580	$930,818
JOHN D CASCELL	SVP, MANAGED CARE	60.00	Key Emp	$741,564	$157,715	$899,279
BRIAN C STUCKMAN	SVP, SUPPLY CHAIN & ANCILLARY	60.00	Key Emp	$711,514	$154,322	$865,836
SHELA KANESHIRO	CTO(THRU 3/2025)/CEO SMC(FROM 4/2025)	60.00	Key Emp	$644,446	$159,986	$804,432
KEVIN C TORRES	VP, INFORMATION SYSTEMS	60.00	Key Emp	$690,878	$108,737	$799,615
STEPHEN MCNAMARA	SVP, PFS AND CFO SHP	60.00	Key Emp	$590,781	$154,600	$745,381
JOHN SOMERS	VP, REAL ESTATE & FACILITIES	60.00	Key Emp	$504,468	$76,491	$580,959
TROY D VEILLEUX	VP, INFORMATION SYSTEMS	60.00	Key Emp	$498,359	$69,512	$567,871
ELIZABETH ACORD	VP, CLINICAL INSTITUTES	60.00	Key Emp	$484,480	$61,096	$545,576
CHRISTOPHER FINCH	VP, CHIEF COMPLIANCE OFFICER	60.00	Key Emp	$419,600	$90,555	$510,155
RICHELE S CRAVEIRO-STEELE	VP, PUBLIC RELATIONS & COMMUN	60.00	Key Emp	$429,261	$80,765	$510,026
ROBERT D LONTO	VP, TOTAL REWARDS & SYSTEMS	60.00	Key Emp	$443,194	$62,062	$505,256
KRISTEN L PUGH	VP, ADVOCACY & GOVERN RELATION	60.00	Key Emp	$442,518	$48,545	$491,063
SETH ELLIS	VP, CLINICAL INTEGRATION(THRU 10/24)	60.00	Key Emp	$415,899	$63,321	$479,220
VINCENT SERIO	VP, BRAND & DIGITAL MARKETING	60.00	Key Emp	$419,887	$58,824	$478,711
JAMES M JONES	VP, QUALITY & RISK MANAGEMENT	60.00	Key Emp	$419,817	$52,376	$472,193
SUZANNA W HAZBOUN	VP, HR & ASST. GENERAL COUNSEL	60.00	Highest	$406,367	$59,792	$466,159
MOSES AGUIRRE	EXEC. DIR. TALENT ACQUISITION	60.00	Key Emp	$409,637	$29,683	$439,320
LAUREN T PRIVITERA	VP, RESEARCH ADMINISTRATION	60.00	Highest	$359,981	$52,650	$412,631
KAREN WEINSTEIN	ASSISTANT GENERAL COUNSEL	60.00	Highest	$352,451	$58,024	$410,475
DONALD THOMPSON	ASSISTANT GENERAL COUNSEL	60.00	Highest	$376,846	$32,292	$409,138
ELAINE L GARNEFF	VP, HUMAN RESOURCES	60.00	Highest	$319,293	$48,422	$367,715
TERESA EVANS	DIRECTOR, CHAIRMAN	1.00	Officer Director	$0	$0	$0
MICHAEL SKILLMAN	DIRECTOR, VICE CHAIR	1.00	Officer Director	$0	$0	$0
SHARON CHEEVER	DIRECTOR, SECRETARY	1.00	Officer Director	$0	$0	$0
SAMUEL TANG	DIRECTOR	1.00	Director	$0	$0	$0
SATHYA CHEY	DIRECTOR	1.00	Director	$0	$0	$0
TOM FELDMAR	DIRECTOR	1.00	Director	$0	$0	$0
JUDY JONES	DIRECTOR	1.00	Director	$0	$0	$0
JIM LEO MD	DIRECTOR	1.00	Director	$0	$0	$0
BRADEN PHILLIPS	DIRECTOR	1.00	Director	$0	$0	$0
THOMAS B ROGERS	DIRECTOR	1.00	Director	$0	$0	$0
FRANCISCO SCHLOTTERBECK	DIRECTOR	1.00	Director	$0	$0	$0
MICHAEL VAN DYKE	DIRECTOR	1.00	Director	$0	$0	$0

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
2025	$484,020,259	$383,913,898	$3,180,215,363	$100,106,361
2024	$450,281,604	$360,704,226	$3,169,297,807	$89,577,378
2023	$422,096,386	$336,561,152	$3,286,913,859	$85,535,234
2022	$411,780,979	$319,507,547	$3,483,340,551	$92,273,432
2021	$311,537,763	$304,477,488	$3,700,941,895	$7,060,275
2020	$283,777,110	$324,030,034	$2,790,238,727	$-40,252,924
2019	$235,738,358	$274,896,479	$2,423,403,315	$-39,158,121
2018	$257,807,706	$285,050,856	$2,257,774,969	$-27,243,150

MEMORIAL HEALTH SERVICES