Evansville State Hospital
Evansville, Vanderburgh County, IN
· CCN 154056
Licensed to State Of Indiana Auditor Of State
Composite
55.0
rank score
Distress
44
FY2024
Fit
88
vs thesis
Estimated ticket
$46.2M–$185M
168 beds ·
within envelope
Ownership
government
PH
Why it ranks here
- operating margin below -10%
- total margin below -8%
- 90-150 days cash on hand
- urban — higher occupancy and iteration surface
- specialty facility — narrower problem scope
- bed count in the target band
- ticket size uses the capital envelope well
- strong occupancy — good iteration surface
- government-owned — public process likely
Latest financials · FY2024
| Net patient revenue | $5.6M |
| Operating margin | -482.8% |
| Total margin | -476.7% |
| Days cash on hand | 98 |
| Current ratio | 19,703.46 |
| Occupancy | 85% |
Facility
| Beds | 168 |
| Facility type | PH |
| Setting | urban |
| Ownership class | government |
| Per-bed (low) | $275K |
| Per-bed (high) | $1.1M |
Financial history
| FY | Beds | Net patient rev | Net income | Op margin | Total margin | Days cash | Current ratio | Occupancy | Discharges | Distress |
|---|---|---|---|---|---|---|---|---|---|---|
| 2021 | 168 | $3.9M | $-23.8M | -617.8% | -603.3% | 107 | 3,290.54 | 79% | 100 | 60 |
| 2022 | 168 | $4.4M | $-21.4M | -491.4% | -484.1% | 70 | 3,356.01 | 73% | 71 | 54 |
| 2023 | 168 | $3.8M | $-27.2M | -720.0% | -709.3% | 82 | -68.67 | 77% | 86 | 68 |
| 2024 | 168 | $5.6M | $-27.0M | -482.8% | -476.7% | 98 | 19,703.46 | 85% | 132 | 44 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Dhiann Kinsworthy | corporate director | 100 | 2020-01 | |
| State Of Indiana Auditor Of State | 5% or greater direct ownership interest | 100 | 2010-07 | |
| Dhiann Kinsworthy | w-2 managing employee | 2022-01 | ||
| Jeffrey Wedding | corporate director | 2021-10 |
Ownership changes
No CMS ownership change on record since 2016 — this hospital has not traded in at least a decade.