CONSOLIDATED HEALTH SYSTEMS INC

EIN: 311139276 501(c)(3)

PRESTONSBURG, KY

Total Revenue
$-15,381,772
Total Expenses
$1,066,666
Total Assets
N/A
Net Assets
N/A
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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
1984
Legal Domicile
KY
Principal Officer
HAROLD C WARMAN JR
Phone
6068869558
Tax Period
2019-07-01 to 2020-06-30

CONSOLIDATED HEALTH SYSTEMS INC, founded in 1984, is a micro nonprofit that reported $15.4M in total revenue in fiscal year 2019. Revenue fell 235% from the prior year — a significant decline worth monitoring.

Mission

THE ORGANIZATION SERVES TO FOSTER AND DEVELOP HEALTH CARE ACTIVITIES

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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%)

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Financial Overview (2019)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $666,047
Investment Income $-16,140,660
Other Revenue $92,841
TOTAL REVENUE $-15,381,772

Expense Breakdown

Grants Paid $0
Salaries & Benefits $766,087
Fundraising Expenses $0
Program Expenses $853,386
Other Expenses $300,579
TOTAL EXPENSES $1,066,666

Year-over-Year Comparison

2019 2018 Change
Revenue $-15,381,772 $11,432,500 -2.3%
Expenses $1,066,666 $12,689,077 -0.9%
Net Income $-16,448,438 $-1,256,577 +12.1%
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

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Governance

Voting Members
9
Independent Members
8
Employees
89
Volunteers
8

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
3
$1,050,744
Total Directors
9
$846,698
Key Employees
0
$0
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ROBERT N ROYALTY PHYSICIAN 40.00
Highest
$873,650 $0 $873,650
HAROLD C WARMAN JR PRESIDENT/CEO 24.00
Officer Director
$842,801 $3,897 $846,698
BRETT AKERS PHYSICIAN 40.00
Highest
$448,643 $0 $448,643
CHAD O PATTERSON PHYSICIAN 40.00
Highest
$348,913 $0 $348,913
ANDREW R BURCHETT PHYSICIAN 40.00
Highest
$337,005 $0 $337,005
TERRY D HALL PYHSICIAN 40.00
Highest
$288,789 $808 $289,597
SABRINA L HOBBS VP PHYSICIAN SERVICES 40.00
Officer
$119,316 $713 $120,029
JOHN M ROBERTS CIO 40.00
Officer
$84,017 $0 $84,017
DEWEY L BOCOOK JR CHAIRMAN 1.00
Director
$0 $0 $0
DENNIS DORTON VICE CHAIRMAN 2.00
Director
$0 $0 $0
CHRIS TACKETT TREASURER 1.00
Director
$0 $0 $0
EDWARD R NAIRN DIRECTOR 1.00
Director
$0 $0 $0
PAUL D NUNN DIRECTOR 1.00
Director
$0 $0 $0
ROBERT M DUNCAN SECRETARY 1.00
Director
$0 $0 $0
GREGORY A WILSON DIRECTOR 1.00
Director
$0 $0 $0
MARK E MCKENZIE DIRECTOR 1.00
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
2020 $-15,381,772 $1,066,666 No data $-16,448,438
2019 $11,432,500 $12,689,077 $56,342,797 $-1,256,577
2018 $9,127,875 $10,595,455 $56,361,340 $-1,467,580
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