Cooperative Healthcare Services Inc (EIN 010594994) - 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

2002

Legal Domicile

Phone

9124667000

Tax Period

2024-05-01 to 2025-04-30

Cooperative Healthcare Services Inc, founded in 2002, is a mid-sized nonprofit in the Health Care sector that reported $85.6M in total revenue in fiscal year 2024. Expenses of $118.8M exceeded revenue, resulting in a 39% operating deficit.

Mission

Cooperative Healthcare Services, Inc., will serve as a supporting organization to further enable Southeast Georgia Health System to provide safe, quality, accessible, and cost-effective care to meet the health needs of the people and communities it serves.

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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 $767,000

Program Service Revenue $70,620,126

Investment Income $8,927

Other Revenue $14,195,925

TOTAL REVENUE $85,591,978

Expense Breakdown

Grants Paid $0

Salaries & Benefits $100,110,126

Fundraising Expenses $0

Program Expenses $115,908,480

Other Expenses $18,648,072

TOTAL EXPENSES $118,758,198

Year-over-Year Comparison

	2024	2023	Change
Revenue	$85,591,978	$85,656,887	0.0%
Expenses	$118,758,198	$123,921,649	0.0%
Net Income	$-33,166,220	$-38,264,762	-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

710

Volunteers

N/A

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

$1,465,403

Total Directors

$3,515,688

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Bryon S Raynes	President & CEO (rolled off)	8.0	Officer Director	$0	$43,296	$1,014,968
Christy Jordan	President & CEO (rolled on)	8.0	Officer Director	$0	$20,245	$450,435
Dennis Carter MD	Physician/Board Member	42.0	Director	$1,202,581	$48,070	$1,250,651
Ron Adams	Board Member	2.0	Director	$0	$0	$0
Roosevelt Harris	Board Member	2.0	Director	$0	$0	$0
Stephen Chitty IV MD	Board Member / Physician	42.0	Director	$751,653	$47,981	$799,634
WH Bill Gross	Board Member	2.0	Director	$0	$0	$0
Matthew Certain MD	Physician	40.0	Highest	$1,177,040	$47,981	$1,225,021
Michael Sullivan MD	Physician	40.0	Highest	$1,069,842	$47,981	$1,117,823
Mitchell T Jones MD	Physician	40.0	Highest	$976,514	$41,759	$1,018,273
Thomas Sasser MD	Physician	40.0	Highest	$1,109,319	$47,981	$1,157,300
Timothy Jamieson MD	Physician	40.0	Highest	$1,504,675	$47,981	$1,552,656

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	$85,591,978	$118,758,198	$14,250,199	$-33,166,220
2024	No data	No data	No data	No data
2023	$79,673,246	$117,121,290	$13,928,658	$-37,448,044
2022	$76,135,784	$115,659,854	$14,369,691	$-39,524,070
2021	$70,139,895	$107,099,282	$15,602,072	$-36,959,387
2020	$66,562,213	$99,947,112	$10,661,569	$-33,384,899
2019	$65,200,768	$98,757,030	$13,285,217	$-33,556,262

Cooperative Healthcare Services Inc