Scotland Regional Health Network (EIN 272187756) - 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

2010

Legal Domicile

Phone

9102917920

Tax Period

2023-10-01 to 2024-09-30

Scotland Regional Health Network, founded in 2010, is a mid-sized nonprofit in the Health Care sector that reported $10.6M in total revenue in fiscal year 2023. Revenue grew 11% year-over-year, indicating healthy expansion. Expenses of $16.6M exceeded revenue, resulting in a 57% operating deficit.

Mission

TO OPERATE FOR THE BENEFIT OF, TO PERFORM THE FUNCTIONS OF, AND TO CARRY OUT THE PURPOSES OF SCOTLAND MEMORIAL HOSPITAL, INC.

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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 $10,470,696

Investment Income $0

Other Revenue $128,449

TOTAL REVENUE $10,599,145

Expense Breakdown

Grants Paid $0

Salaries & Benefits $13,552,909

Fundraising Expenses $0

Program Expenses $15,428,106

Other Expenses $3,094,959

TOTAL EXPENSES $16,647,868

Year-over-Year Comparison

	2023	2022	Change
Revenue	$10,599,145	$9,547,828	+0.1%
Expenses	$16,647,868	$14,701,783	+0.1%
Net Income	$-6,048,723	$-5,153,955	+0.2%

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

$1,428,177

Total Directors

$1,379,520

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
David Pope	President & CEO (Beg Jan. 2024)	1.0	Officer Director	$0	$42,765	$360,496
Greg Wood	President & CEO (through Dec. 2023)	1.0	Officer Director	$0	$56,502	$701,450
Lucien St Onge	COO & CFO	1.0	Officer Director	$0	$50,095	$317,574
Sybil Bullard	Chair	2.0	Officer Director	$0	$0	$0
Lee Ann Walker	Corporate Secretary & Executive Assistant	1.0	Officer	$0	$0	$48,657

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	$10,599,145	$16,647,868	$4,532,072	$-6,048,723
2023	$9,547,828	$14,701,783	$2,456,849	$-5,153,955
2022	$8,272,832	$13,314,832	$773,214	$-5,042,000
2021	$8,728,608	$13,513,859	$378,865	$-4,785,251
2020	$5,388,618	$9,344,001	$811,947	$-3,955,383
2019	$7,891,364	$12,456,515	$871,744	$-4,565,151
2018	$8,051,599	$12,510,035	$1,061,835	$-4,458,436

Scotland Regional Health Network