Continuecare Hospital of Midland I… - 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

2012

Legal Domicile

Principal Officer

APRIL MYERS

Phone

9729436400

Tax Period

2020-07-01 to 2021-06-21

Continuecare Hospital of Midland Inc, founded in 2012, is a micro nonprofit that reported $32K in total revenue in fiscal year 2020. Revenue fell 81% from the prior year — a significant decline worth monitoring.

Mission

AS A "HOSPITAL-WITHIN-A-HOSPITAL," CONTINUECARE HOSPITAL OF MIDLAND, INC. (CCHM) WAS A SEPARATE YET FULLY LICENSED ACUTE-CARE HOSPITAL WITH THE ABILITY TO PROVIDE INTENSIVE AND COMPLEX MEDICAL TREATMENT. CCHM SPECIALTY PROGRAMS WERE SPECIFICALLY DESIGNED TO MEET THE NEEDS OF LONG-TERM, ACUTE-CARE PATIENTS. ON OCTOBER 19, 2018, THE HOSPITAL CLOSED AND NOTIFIED THE STATE OF TEXAS. On June 21, 2021, the organization was dissolved.

Program Service Accomplishments

Program 1

Expenses: $1,037 Revenue: $31,537

CONTINUECARE HOSPITAL OF MIDLAND, INC. (CCHM) WAS A LONG-TERM ACUTE CARE HOSPITAL OPERATING AS A "HOSPITAL-WITHIN-A-HOSPITAL" AT MIDLAND MEMORIAL HOSPITAL MIDLAND, TEXAS. AS AN LTACH, CCHM PROVIDED AN AVENUE OF CARE FOR PATIENTS THAT REQUIRED EXTENDED LENGTHS OF STAY IN AN ACUTE CARE SETTING. TYPICALLY, LENGTHS OF STAY AVERAGED 25 DAYS OR LONGER. CONDITIONS APPROPRIATE FOR TREATMENT IN AN LTACH INCLUDE THE FOLLOWING: MEDICALLY COMPLEX RESPIRATORY DISORDERS INCLUDING TRACHEOTOMY, VENTILATOR DEPENDENT CARDIAC/CARDIOVASCULAR CONDITIONS, RENAL DISEASE, ONCOLOGY, AND WOUND CARE. ON OCTOBER 19, 2018, THE ORGANIZATION CEASED OPERATING AS A HOSPITAL AND ON JUNE 21, 2021, THE ORGANIZATION WAS DISSOLVED.

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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 (2020)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $31,537

Investment Income $0

Other Revenue $13

TOTAL REVENUE $31,550

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $1,037

Other Expenses $33,207

TOTAL EXPENSES $33,207

Year-over-Year Comparison

	2020	2019	Change
Revenue	$31,550	$163,444	-0.8%
Expenses	$33,207	$57,959	-0.4%
Net Income	$-1,657	$105,485	-1.0%

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

N/A

Employees

N/A

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

$1,134,109

Total Directors

$388,215

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JAMES HILL	TREASURER	1.0	Officer	$0	$41,844	$403,266
APRIL MYERS	DIRECTOR/PRESIDENT	1.0	Officer Director	$0	$54,172	$388,215
LINDA MOORE	SECRETARY	1.0	Officer	$0	$32,144	$342,628
WILSON WEBER	FORMER DIRECTOR	0.0		$0	$20,408	$90,347
RUSSELL MEYERS	DIRECTOR	1.0	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
2021	$31,550	$33,207	No data	$-1,657
2020	$163,444	$57,959	$64,288	$105,485
2019	$1,687,535	$2,619,442	$297,785	$-931,907
2018	$7,783,224	$9,847,776	$2,553,611	$-2,064,552

Continuecare Hospital of Midland Inc