CHEROKEE REGIONAL MEDICAL CENTER F… - Form 990 Financial Data

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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

2008

Legal Domicile

Principal Officer

GARY JORDAN

Phone

7122555101

Tax Period

2023-01-01 to 2023-12-31

CHEROKEE REGIONAL MEDICAL CENTER FOUNDATION, founded in 2008, is a small nonprofit in the Health Care sector that reported $219K in total revenue in fiscal year 2023. Revenue surged 89% from the prior year, signaling strong growth momentum. The organization ran a surplus of $194K, a strong 89% operating margin.

Mission

ASSISTED CHEROKEE REGIONAL MEDICAL CENTER IN THE PROCESS OF PROVIDING HEALTH CARE TO CHEROKEE AND SURROUNDING COMMUNITIES

Program Service Accomplishments

Program 1

Expenses: $24,947

ASSISTED CHEROKEE REGIONAL MEDICAL CENTER IN THE PROCESS OF PROVIDING HEALTH CARE TO CHEROKEE AND SURROUNDING COMMUNITIES

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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 $125,953

Program Service Revenue $0

Investment Income $33,205

Other Revenue $59,790

TOTAL REVENUE $218,948

Expense Breakdown

Grants Paid $23,985

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $24,947

Other Expenses $962

TOTAL EXPENSES $24,947

Year-over-Year Comparison

	2023	2022	Change
Revenue	$218,948	$115,697	+0.9%
Expenses	$24,947	$19,746	+0.3%
Net Income	$194,001	$95,951	+1.0%

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
GARY JORDAN	PRESIDENT	0.50	Officer Director	$0	$0	$0
WESTON BURKHARDT	CHAIR	0.50	Officer Director	$0	$0	$0
JESSICA KNIPPEL	VICE CHAIR	0.50	Officer Director	$0	$0	$0
JAMIE ROOF	SECRETARY/TREASURER	0.50	Officer Director	$0	$0	$0
WESLEY PARKER	DIRECTOR	0.50	Director	$0	$0	$0
DUANE HENKE	DIRECTOR	0.50	Director	$0	$0	$0
LYNN IVARSON	DIRECTOR	0.50	Director	$0	$0	$0
JANA TIMMERMAN	DIRECTOR	0.50	Director	$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
2024	No data	No data	No data	No data
2023	$218,948	$24,947	$1,507,569	$194,001
2022	$115,697	$19,746	$1,217,944	$95,951
2021	$519,485	$2,909	$1,121,993	$516,576
2020	$85,037	$9,398	$605,417	$75,639
2019	$60,211	$15,406	$529,778	$44,805

CHEROKEE REGIONAL MEDICAL CENTER FOUNDATION