CAMC FOUNDATION INC (EIN 310887133) - 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

1976

Legal Domicile

Principal Officer

ROBERT B CUMMINGS

Phone

3043889860

Tax Period

2023-01-01 to 2023-12-31

CAMC FOUNDATION INC, founded in 1976, is a mid-sized nonprofit in the Health Care sector that reported $13.3M in total revenue in fiscal year 2023. Revenue decreased 8% compared to the prior year. Expenses of $14.7M exceeded revenue, resulting in a 10% operating deficit.

Mission

RAISE FUNDS TO ASSIST CHARLESTON AREA MEDICAL CENTER, INC. IN ITS HEALTHCARE MISSION.

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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 $3,676,037

Program Service Revenue $0

Investment Income $9,234,675

Other Revenue $406,896

TOTAL REVENUE $13,317,608

Expense Breakdown

Grants Paid $12,071,315

Salaries & Benefits $582,503

Fundraising Expenses $688,078

Program Expenses $12,071,315

Other Expenses $2,006,522

TOTAL EXPENSES $14,660,340

Year-over-Year Comparison

	2023	2022	Change
Revenue	$13,317,608	$14,496,118	-0.1%
Expenses	$14,660,340	$6,458,675	+1.3%
Net Income	$-1,342,732	$8,037,443	-1.2%

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

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

$1,409,661

Total Directors

$5,111,486

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DAVID L RAMSEY	DIRECTOR & VANDALIA HEALTH CEO	1.00	Director	$0	$166,947	$2,160,732
GLENN CROTTY JR MD	DIRECTOR	0.50	Director	$0	$57,089	$1,068,119
JAMES P TIERNEY MD	DIRECTOR	0.50	Director	$0	$32,206	$726,737
BARRY M MITCHELL MD	DIRECTOR	0.50	Director	$0	$15,154	$711,369
ROBERT B CUMMINGS	PRESIDENT	50.00	Officer Director	$0	$57,444	$244,056
DENISE BURGESS	VICE CHAIR	0.50	Officer Director	$0	$20,911	$134,272
ART RUBIN DO	DIRECTOR	0.50	Director	$0	$0	$62,448
NANCY L TIERNEY	DIRECTOR	0.50	Director	$0	$0	$3,753
DALE D CLOWSER	SECRETARY/TREASURER	0.50	Officer Director	$0	$0	$0
DAVID P FERRETTI	CHAIRMAN	0.50	Officer Director	$0	$0	$0
AMY SUMMERS SMITH	DIRECTOR	0.50	Director	$0	$0	$0
CRAIG L GLOVER	DIRECTOR	0.50	Director	$0	$0	$0
DR STEFAN R MAXWELL	DIRECTOR	0.50	Director	$0	$0	$0
ELIZABETH SINCLAIR CASTLE	DIRECTOR	0.50	Director	$0	$0	$0
JAMES M BECKER	DIRECTOR	0.50	Director	$0	$0	$0
JOHN R HOBLITZELL ESQ	DIRECTOR	0.50	Director	$0	$0	$0
MARION S JONES	DIRECTOR	0.50	Director	$0	$0	$0
MARY ELISABETH ECKERSON	DIRECTOR	0.50	Director	$0	$0	$0
MAXWELL L KNAPP	DIRECTOR	0.50	Director	$0	$0	$0
NANCY PAYNE BRUNS	DIRECTOR	0.50	Director	$0	$0	$0
ROBERT THOR MEEKS	DIRECTOR	0.50	Director	$0	$0	$0
RONALD A MURAD	DIRECTOR	0.50	Director	$0	$0	$0
SUSAN P WHEELER	DIRECTOR	0.50	Director	$0	$0	$0
JEFF SANDENE	CFO-VANDALIA HEALTH, INC.	5.00	Officer	$0	$254,822	$1,031,333

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	$13,317,608	$14,660,340	$320,540,831	$-1,342,732
2022	$14,496,118	$6,458,675	$294,986,506	$8,037,443
2021	$26,763,390	$6,059,091	$339,677,325	$20,704,299
2020	$11,988,004	$5,734,426	$303,510,257	$6,253,578
2019	$12,591,203	$5,267,938	$273,092,016	$7,323,265
2018	$19,439,165	$5,887,712	$231,956,727	$13,551,453

CAMC FOUNDATION INC