SMYTH COUNTY CHARITABLE FUND

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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

1999

Legal Domicile

Principal Officer

KEVIN VERNON

Phone

2767812743

Tax Period

2023-10-01 to 2024-09-30

SMYTH COUNTY CHARITABLE FUND, founded in 1999, is a community nonprofit in the Health Care sector that reported $2.7M in total revenue in fiscal year 2023. Revenue decreased 17% compared to the prior year. Expenses of $3.3M exceeded revenue, resulting in a 24% operating deficit.

Mission

TO SUPPORT THE MISSION OF SMYTH COUNTY COMMUNITY FOUNDATION BY IDENTIFYING AND SUPPORTING QUALIFIED PROGRAMS AND PROJECTS THAT SERVE TO IMPROVE THE OVERALL HEALTH, WELLNESS AND EDUCATION ACROSS SMYTH COUNTY AND THE SURROUNDING COMMUNITIES.

Program Service Accomplishments

Program 1

Expenses: $2,783,769 Revenue: $1,334,864

SMYTH COUNTY CHARITABLE FUND (THE "FUND") CONTINUES TO PROMOTE AND SUPPORT THE LIFETIME WELLNESS CENTER LOCATIONS ACROSS SMYTH COUNTY. THESE SERVE AS A HUB FOR PROMOTING HEALTH AND WELLNESS FOR OUR CITIZENS. THE FUND HAS ALSO PARTNERED WITH PROMINENT HEALTH CARE PROVIDERS SERVING A POPULATION WITH NO INSURANCE TO HELP MAINTAIN THEIR HEALTH BY ACQUIRING THE APPROPRIATE HEALTHCARE AND BEHAVIORAL HEALTH SERVICES THEY NEED. THE FUND CONTINUES TO PLAY A KEY ROLE IN SEVERAL SCHOLARSHIP INITIATIVES TO HELP MAKE HIGHER EDUCATION AN OPTION FOR STUDENTS WHO MAY NOT HAVE OTHERWISE ATTENDED COLLEGE AND SUPPORTING THOSE GOING INTO ALLIED HEALTH POSITIONS.

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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 $2,250

Program Service Revenue $1,334,864

Investment Income $1,333,407

Other Revenue $0

TOTAL REVENUE $2,670,521

Expense Breakdown

Grants Paid $1,242,553

Salaries & Benefits $1,045,392

Fundraising Expenses $11,660

Program Expenses $2,783,769

Other Expenses $1,031,028

TOTAL EXPENSES $3,318,973

Year-over-Year Comparison

	2023	2022	Change
Revenue	$2,670,521	$3,236,097	-0.2%
Expenses	$3,318,973	$2,552,417	+0.3%
Net Income	$-648,452	$683,680	-1.9%

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

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

$159,703

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MICHAEL ROBINSON PHD	CHAIR	1.00	Officer Director	$0	$0	$0
PAUL HOLCOMBE ESQ	VICE CHAIR	1.00	Officer Director	$0	$0	$0
BRIAN CREGGER	TREASURER	0.30	Officer Director	$0	$0	$0
SANDRA CATALAN	DIRECTOR	0.30	Director	$0	$0	$0
EMILY BRALLEY	DIRECTOR	0.30	Director	$0	$0	$0
DENNIS CARTER EDD	DIRECTOR	0.30	Director	$0	$0	$0
DAVID FIELDS	DIRECTOR	0.30	Director	$0	$0	$0
JOHN GRAHAM ESQ	DIRECTOR	0.30	Director	$0	$0	$0
CHELSEA HAMMAN MD	DIRECTOR	0.30	Director	$0	$0	$0
DAVID KISER MD	DIRECTOR	0.30	Director	$0	$0	$0
BRIAN THOMPSON DMD	DIRECTOR	0.30	Director	$0	$0	$0
MERRELLE WARD	DIRECTOR	0.30	Director	$0	$0	$0
SARAH GILLESPIE	DIRECTOR	0.30	Director	$0	$0	$0
DICKIE KEGLEY	DIRECTOR	0.30	Director	$0	$0	$0
LYNDA HELTON	EXECUTIVE DIRECTOR	40.00	Officer	$100,160	$0	$100,160
KEVIN VERNON	CFO	40.00	Officer	$59,285	$258	$59,543

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	$2,670,521	$3,318,973	$57,574,641	$-648,452
2023	$3,236,097	$2,552,417	$49,639,167	$683,680
2022	$35,613,438	$1,960,651	$46,121,991	$33,652,787
2021	$3,225,692	$1,842,148	$18,595,291	$1,383,544
2020	$1,423,330	$1,600,427	$15,886,872	$-177,097
2019	$1,791,711	$1,688,577	$15,835,333	$103,134
2018	$1,681,831	$1,754,463	$15,843,982	$-72,632