FAIRFIELD, AL
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)HOPE HEALTH CENTER INC, founded in 2002, is a micro nonprofit that reported $47K in total revenue in fiscal year 2022. Revenue fell 107% from the prior year — a significant decline worth monitoring.
OUR MISSION IS TO SHARE THE HOPE THAT IS FOUND IN JESUS CHRIST BY PROVIDING EXCELLENT, WHOLE-PERSON HEALTHCARE TO A MEDICALLY UNDERSERVED COMMUNITY IN THE GREATER BIRMINGHAM, ALABAMA AREA.
ON JANUARY 26, 2023, WE TRANSFERRED SUBSTANTIALLY ALL OF OUR NON-FINANCIAL ASSETS TO A LARGER MEDICAL PRACTICE (A 501(C)(3) ORGANIZATION-SEE BELOW) WITH A COMPLEMENTARY MISSION. FOLLOWING THE...
ON JANUARY 26, 2023, WE TRANSFERRED SUBSTANTIALLY ALL OF OUR NON-FINANCIAL ASSETS TO A LARGER MEDICAL PRACTICE (A 501(C)(3) ORGANIZATION-SEE BELOW) WITH A COMPLEMENTARY MISSION. FOLLOWING THE TRANSFER OF ASSETS, WE WORKED WITH OUR LEGAL, ACCOUNTING AND TAX ADVISORS/CONSULTANTS TO DISSOLVE THE CORPORATE ENTITY. FUNDS REMAINING AT DISSOLUTION WERE TRANSFERRED TO A 501(C)(3) ORGANIZATION - NATIONAL CHRISTIAN FOUNDATION ALABAMA -- VIA A BOARD APPROVED GRANT. THROUGH JANUARY 20, 2023 (SIX DAYS BEFORE THE ASSET TRANSFER), WE CONTINUED TO PROVIDE PRIMARY CARE, COUNSELING AND EYE CARE SERVICES BASED OUT OF OUR CLINIC IN FAIRFIELD, ALABAMA. THE PATIENT POPULATION CONSISTED LARGELY OF THE ELDERLY, DISABLED, AND/OR UNINSURED. OTHER SIGNIFICANT ACTIVITIES IN THE FAIRFIELD COMMUNITY INCLUDED DISTRIBUTION OF ABOUT 125 THANKSGIVING BASKETS, OUR TENTH ANNUAL CHRISTMAS SHOP, AND FREE PRE-K STUDENT HEALTH SCREENINGS. AFTER JANUARY 20, 2023, WE NO LONGER ACCEPTED CONTRIBUTIONS FROM DONORS, NO LONGER HAD EMPLOYEES, AND NO LONGER PROVIDED HEALTH CARE SERVICES. THE CLINIC WE FORMERLY OWNED AND OPERATED REOPENED ON FEBRUARY 6, 2023 AS CAHABA MEDICAL CARE - HOPE HEALTH, WHICH IS PART OF A FEDERALLY QUALIFIED HEALTH CARE (FQHC) NETWORK AND A 501(C)(3)ORGANIZATION. THEREFORE, AS OF THIS FILING, THE FAIRFIELD COMMUNITY CONTINUES TO HAVE ACCESS TO QUALITY HEALTH CARE AT THE SAME PHYSICAL LOCATION PROVIDED BY PRIMARY CARE PHYSICIANS, INCLUDING THE TWO PRIMARY CARE PHYSICIANS WHO HAD BEEN AT HOPE HEALTH CENTER FOR 10+ YEARS.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2022 | 2021 | Change | |
|---|---|---|---|
| Revenue | $-46,975 | $657,560 | -1.1% |
| Expenses | $619,294 | $859,055 | -0.3% |
| Net Income | $-666,269 | $-201,495 | +2.3% |
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
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| TOM EDWARDS MD | EXECUTIVE DI | 32.00 |
Officer
|
$171,121 | $5,134 | $176,255 |
| DR BEN DAVIDSON | PHYSICIAN | 30.00 |
Highest
|
$124,547 | $3,736 | $128,283 |
| ANDREW B BAKER | DIRECTOR | 0.10 |
Director
|
$0 | $0 | $0 |
| THALIA J BAKER | DIRECTOR | 0.10 |
Director
|
$0 | $0 | $0 |
| BARBARA CARTLEDGE | DIRECTOR | 0.10 |
Director
|
$0 | $0 | $0 |
| NORMAN D PLESS JR | DIRECTOR/SEC | 0.10 |
Officer
Director
|
$0 | $0 | $0 |
| MARION H SIMS MD | DIRECTOR | 0.10 |
Director
|
$0 | $0 | $0 |
| MARK E WILSON MD | PRESIDENT/DI | 0.10 |
Officer
Director
|
$0 | $0 | $0 |
| REV BOBBY PARKS | DIRECTOR | 0.10 |
Director
|
$0 | $0 | $0 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2023 | $-46,975 | $619,294 | No data | $-666,269 |
| 2022 | $657,560 | $859,055 | $677,601 | $-201,495 |
| 2021 | $769,949 | $705,390 | $868,005 | $64,559 |
| 2020 | $636,550 | $641,006 | $885,621 | $-4,456 |
| 2019 | $673,119 | $678,615 | $809,338 | $-5,496 |
| 2018 | $692,679 | $689,849 | $813,326 | $2,830 |
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