MORROW COUNTY HOSPITAL FOUNDATION (EIN 311534808) - 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

1997

Legal Domicile

Principal Officer

MICHAEL HYEK

Phone

4199465015

Tax Period

2023-01-01 to 2023-12-31

MORROW COUNTY HOSPITAL FOUNDATION, founded in 1997, is a small nonprofit in the Philanthropy & Grantmaking sector that reported $169K in total revenue in fiscal year 2023. Revenue surged 99% from the prior year, signaling strong growth momentum. Expenses of $296K exceeded revenue, resulting in a 75% operating deficit.

Mission

TO BENEFIT AND SUPPORT MORROW COUNTY HOSPITAL

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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 $67,155

Program Service Revenue $0

Investment Income $101,696

Other Revenue $0

TOTAL REVENUE $168,851

Expense Breakdown

Grants Paid $285,699

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $285,699

Other Expenses $10,405

TOTAL EXPENSES $296,104

Year-over-Year Comparison

	2023	2022	Change
Revenue	$168,851	$84,837	+1.0%
Expenses	$296,104	$17,063	+16.4%
Net Income	$-127,253	$67,774	-2.9%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ELWAIN DREYER	CHAIR	1.00	Officer Director	$0	$0	$0
RON RAGOR	VICE CHAIR	1.00	Officer Director	$0	$0	$0
BRENDA HARDEN	SECRETARY	1.00	Officer Director	$0	$0	$0
CAROLYN BEAL	BOARD MEMBER	1.00	Director	$0	$0	$0
RICHARD BENSON	BOARD MEMBER	0.50	Director	$0	$0	$0
LOIS STAUFFER	BOARD MEMBER	0.50	Director	$0	$0	$0
JENNIFER WILLIAMS	BOARD MEMBER	0.50	Director	$0	$0	$0
EARL DESMOND	BOARD MEMBER	0.50	Director	$0	$0	$0
JASON GATES	CONTROLLER	1.00	Officer	$0	$0	$0
MICHAEL HYEK	CEO/PRESDIENT	1.00	Officer	$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	$168,851	$296,104	$2,308,641	$-127,253
2022	$84,837	$17,063	$2,435,895	$67,774
2021	$74,320	$30,828	$2,368,123	$43,492
2020	$59,748	$6,836	$2,324,631	$52,912
2019	$100,879	$20,874	$2,271,719	$80,005
2018	$96,522	$10,288	$2,191,714	$86,234

MORROW COUNTY HOSPITAL FOUNDATION