HENDERSON COUNTY RURAL HEALTH CENT… - Form 990 Financial Data

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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

1978

Legal Domicile

Principal Officer

SHANNON COURSON

Phone

3098672734

Tax Period

2024-01-01 to 2024-12-31

HENDERSON COUNTY RURAL HEALTH CENTER INC, founded in 1978, is a community nonprofit in the Health Care sector that reported $5.5M in total revenue in fiscal year 2024. Revenue fell 21% from the prior year — a significant decline worth monitoring. Expenses of $6.6M exceeded revenue, resulting in a 20% operating deficit.

Mission

TO PROVIDE MEDICAL AND DENTAL CARE TO UNDER AND UNINSURED PATIENTS

Program Service Accomplishments

Program 1

Expenses: $4,735,835 Revenue: $2,387,989

FEDERALLY QUALIFIED HEALTH CENTER RECEIVING GRANT FUNDING TO ASSIST IN PROVIDING ONGOING HEALTHCARE SERVICES (MEDICAL, DENTAL, AND BEHAVIORAL HEALTH) TO UNINSURED, UNDERINSURED AND UNDESERVED...

FEDERALLY QUALIFIED HEALTH CENTER RECEIVING GRANT FUNDING TO ASSIST IN PROVIDING ONGOING HEALTHCARE SERVICES (MEDICAL, DENTAL, AND BEHAVIORAL HEALTH) TO UNINSURED, UNDERINSURED AND UNDESERVED COMMUNITIES BY MAKING HEALTHCARE MORE ACCESSIBLE AND AFFORDABLE. OUR DEDICATED HEALTHCARE PROVIDERS STRIVE TO SERVE THE DIVERSE NEEDS OF THE COMMUNITIES WE SERVE.

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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 (2024)

Revenue Breakdown

Contributions & Grants $3,029,231

Program Service Revenue $2,387,989

Investment Income $-9,639

Other Revenue $101,809

TOTAL REVENUE $5,509,390

Expense Breakdown

Grants Paid $0

Salaries & Benefits $3,977,852

Fundraising Expenses $18,554

Program Expenses $4,735,835

Other Expenses $2,629,376

TOTAL EXPENSES $6,607,228

Year-over-Year Comparison

	2024	2023	Change
Revenue	$5,509,390	$6,983,700	-0.2%
Expenses	$6,607,228	$7,065,455	-0.1%
Net Income	$-1,097,838	$-81,755	+12.4%

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

N/A

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

$479,436

Total Directors

Key Employees

$289,019

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
SHANNON COURSON	EXECUTIVE DIRECTOR	40.00	Officer	$136,331	$0	$136,331
ASANTE MUYUNGGA	CHIEF FINANCIAL OFFICER	40.00	Officer	$0	$0	$0
KATIE WALLER	DIRECTOR OF OPERATIONS	40.00	Officer	$69,019	$0	$69,019
JENNIFER LEHMAN	GRANTS MANAGER	40.00	Officer	$56,924	$0	$56,924
STACY WADDELL	QUALITY MANAGER	40.00	Key Emp	$83,514	$0	$83,514
CATHY ANDERSON	DENTAL PRACTICE ADMINISTRATOR	40.00	Key Emp	$68,425	$0	$68,425
ROBYN LOVETT	FINANCE MANAGER	40.00	Key Emp	$66,534	$0	$66,534
YVONNE FILLMORE	FAMILY NURSE PRACTITIONER	40.00	Highest	$137,732	$0	$137,732
JENNIFER HAND	FAMILY NURSE PRACTITIONER	40.00	Highest	$96,051	$0	$96,051
BLAKE NELSON	IT MANAGER	40.00	Officer	$83,439	$0	$83,439
KIMBERLY WITTKAMP	MANAGER	40.00	Key Emp	$23,777	$0	$23,777
COLBY SPRINGER	HR MANAGER	40.00	Key Emp	$46,769	$0	$46,769
MICHAEL ABOUASSALLY	MEDICAL DIRECTOR	40.00	Director	$0	$0	$0
SANDY MARINER	MEDICAL PRACTICE ADMINISTRATOR	40.00	Officer	$66,103	$0	$66,103
JUSTINE LINK	FAMILY NURSE PRACTITIONER	40.00	Highest	$74,112	$0	$74,112
SHANNON VANZUMMEREN	FAMILY NURSE PRACTITIONER	40.00	Highest	$4,259	$0	$4,259
BRIAN GOOD	DENTAL DIRECTOR	40.00	Director	$0	$0	$0
SHANNON MILLER	DENTAL PRACTICE ADMINISTRATOR	40.00	Officer	$67,620	$0	$67,620
DR EVERETT BROKAW	DENTIST	40.00	Highest	$170,198	$0	$170,198
DR ROLA KIM	DENTIST	40.00	Highest	$82,596	$0	$82,596
DR JIHO YANG	DENTIST	40.00	Highest	$121,634	$0	$121,634
MICKEY SINGH	DENTIST	40.00	Highest	$75,846	$0	$75,846
BRAD RAY	PRESIDENT	2.00	Director	$0	$0	$0
NANCY MOWEN	VICE PRESIDENT	2.00	Director	$0	$0	$0
KAREN COLE	SECRETARY	2.00	Director	$0	$0	$0
CHASE GIBB	TREASURER	2.00	Director	$0	$0	$0
DILLAN VANCIL	MEMBER	2.00	Director	$0	$0	$0
DAVE GILES	MEMBER	2.00	Director	$0	$0	$0
MARY BETH GIDDINGS	MEMBER	2.00	Director	$0	$0	$0
LACINDA BROWN	MEMBER	2.00	Director	$0	$0	$0
CARLA EWING	MEMBER	2.00	Director	$0	$0	$0
ANGELA MYERS	MEMBER	2.00	Director	$0	$0	$0
DEB KNUPP	MEMBER	2.00	Director	$0	$0	$0
CALLIE MATSKI	MEMBER	2.00	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
2024	$5,509,390	$6,607,228	$4,139,348	$-1,097,838
2023	$6,983,700	$7,065,455	$5,654,641	$-81,755
2022	$6,162,817	$5,050,042	$6,126,469	$1,112,775
2021	$4,441,390	$4,280,944	$4,358,948	$160,446
2020	$5,020,442	$3,281,601	$4,006,817	$1,738,841
2019	$3,011,949	$2,939,565	$1,893,526	$72,384
2018	$3,264,258	$3,311,131	$1,921,160	$-46,873

HENDERSON COUNTY RURAL HEALTH CENTER INC