LAKE CITY HEALTHCARE FOUNDATION (EIN 202902140) - 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

2005

Legal Domicile

Principal Officer

RONNIE POSTON

Phone

8433746419

Tax Period

2024-07-01 to 2025-06-30

LAKE CITY HEALTHCARE FOUNDATION, founded in 2005, is a micro nonprofit in the Public & Societal Benefit sector that reported $68K in total revenue in fiscal year 2024. Revenue fell 41% from the prior year — a significant decline worth monitoring.

Mission

TO SUPPORT AND FURTHER THE PURPOSES OF LOWER FLORENCE COUNTY HOSPITAL DISTRICT

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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 $0

Program Service Revenue $0

Investment Income $31

Other Revenue $67,796

TOTAL REVENUE $67,827

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $0

TOTAL EXPENSES $0

Year-over-Year Comparison

	2024	2023	Change
Revenue	$67,827	$115,544	-0.4%
Expenses	N/A	N/A	N/A
Net Income	N/A	$115,544	N/A

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

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
SCOTTY CAMPBELL	BOARD MEMBER	N/A	Director	$0	$0	$0
MIKE FAUCETTE	BOARD MEMBER	N/A	Director	$0	$0	$0
ANNA FRANK	BOARD MEMBER	N/A	Director	$0	$0	$0
SARAH MISHOE	BOARD MEMBER	N/A	Director	$0	$0	$0
LEE NETTLES	BOARD MEMBER	N/A	Director	$0	$0	$0
RONNIE POSTON	CHAIRMAN	N/A	Officer	$0	$0	$0
JACQUELINE WOODBERRY	SECT/TREASUR	N/A	Officer	$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	$67,827	No data	$308,092	No data
2024	No data	No data	No data	No data
2023	$315,967	$38,532	$124,721	$277,435
2022	$59,424	$105,234	$751,494	$-45,810
2021	$59,428	$110,547	$819,095	$-51,119
2020	$59,422	$112,314	$896,586	$-52,892
2019	$59,427	$113,071	$974,863	$-53,644

LAKE CITY HEALTHCARE FOUNDATION