CONSOLIDATED HEALTH SYSTEMS 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

1984

Legal Domicile

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 IN THE SERVICE AREA OF HIGHLANDS REGIONAL MEDICAL CENTER, AN AFFILIATED HOSPITAL.

Program Service Accomplishments

Program 1

Expenses: $853,386 Revenue: $773,388

THE ORGANIZATION SERVES TO FOSTER AND DEVELOP HEALTH CARE ACTIVITIES IN THE SERVICE AREA OF HIGHLANDS REGIONAL MEDICAL CENTER, AN AFFILIATED HOSPITAL. THE ORGANIZATION CEASED OPERATIONS 7/31/19.

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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 (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

Governance

Voting Members

Independent Members

Employees

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

$1,050,744

Total Directors

$846,698

Key Employees

Highest Compensated

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