SOUTH PIKE HOSPITAL ASSOCIATION INC

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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

1973

Legal Domicile

Principal Officer

DR LUCIUS LAMPTON

Phone

3378021336

Tax Period

2023-10-01 to 2024-09-30

SOUTH PIKE HOSPITAL ASSOCIATION INC, founded in 1973, is a micro nonprofit in the Health Care sector that reported $38K in total revenue in fiscal year 2023. Revenue fell 55% from the prior year — a significant decline worth monitoring. Expenses of $55K exceeded revenue, resulting in a 45% operating deficit.

Mission

THE MISSION OF SOUTH PIKE HOSPITAL ASSOCIATION, INC IS TO ENHANCE MEDICAL EDUCATION AT VARIOUS UNIVERSITIES AND HIGH SCHOOLS THROUGH HEALTH EDUCATION PROGRAMS.

Program Service Accomplishments

Program 1

Expenses: $43,603

SOUTH PIKE HOSPITAL ASSOCIATION, INC ENHANCES MEDICAL EDUCATION AT VARIOUS UNIVERSITIES AND HIGH SCHOOLS THROUGH HEALTH EDUCATION PROGRAMS.

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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 (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $0

Investment Income $0

Other Revenue $37,500

TOTAL REVENUE $37,500

Expense Breakdown

Grants Paid $0

Salaries & Benefits $21,400

Fundraising Expenses $0

Program Expenses $43,603

Other Expenses $33,104

TOTAL EXPENSES $54,504

Year-over-Year Comparison

	2023	2022	Change
Revenue	$37,500	$82,500	-0.5%
Expenses	$54,504	$46,376	+0.2%
Net Income	$-17,004	$36,124	-1.5%

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

$26,400

Total Directors

$27,200

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
LUCIUS LAMPTON MD	PRESIDENT	12.00	Officer Director	$18,800	$0	$18,800
JAMES MCELWEE	TREASURER	20.00	Officer Director	$3,800	$0	$3,800
LOUISE LAMPTON	SECRETARY	1.00	Officer Director	$3,800	$0	$3,800
MARK LAMPTON	BOARD MEMBER	2.00	Director	$800	$0	$800

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
2024	$37,500	$54,504	$119,523	$-17,004
2023	$82,500	$46,376	$136,527	$36,124
2022	$97,500	$37,435	$100,403	$60,065
2020	$-59,693	No data	$4,142,095	No data
2019	$85,785	$59,448	$4,157,843	$26,337
2018	$-39,615	No data	$4,129,869	No data