SHELBY COUNTY HEALTH CARE PROPERTIES INC (EIN 463479985) - 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

2013

Legal Domicile

Principal Officer

JAMES PROCTOR

Phone

9015458254

Tax Period

2020-07-01 to 2021-06-30

SHELBY COUNTY HEALTH CARE PROPERTIES INC, founded in 2013, is a small nonprofit that reported $496K in total revenue in fiscal year 2020. Expenses of $3.7M exceeded revenue, resulting in a 649% operating deficit.

Mission

SHELBY COUNTY HEALTH CARE PROPERTIES INC'S SOLE PURPOSE IS TO HOLD TITLE TO, AND LEASE, THE REAL PROPERTY AND FIXED IMPROVEMENTS THEREON WHICH COMPRISE THE INDIGENT AND ACUTE CARE HOSPITAL KNOW AS REGIONAL ONE HEALTH, WHICH IS LOCATED IN MEMPHIS, TENNESSEE.

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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 $496,000

Investment Income $0

Other Revenue $0

TOTAL REVENUE $496,000

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $3,717,181

Other Expenses $3,717,181

TOTAL EXPENSES $3,717,181

Year-over-Year Comparison

	2020	2019	Change
Revenue	$496,000	$496,000	N/A
Expenses	$3,717,181	$3,885,552	0.0%
Net Income	$-3,221,181	$-3,389,552	0.0%

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

$3,787,658

Total Directors

$3,787,658

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DR REGINALD W COOPWOOD	PRESIDENT AND DIRECTOR	1.00	Officer Director	$0	$103,601	$2,058,277
J RICHARD WAGERS JR	TREASURER AND DIRECTOR	1.00	Officer Director	$0	$153,777	$1,238,618
IMAD ABDULLAH	SECRETARY AND DIRECTOR	1.00	Officer Director	$0	$63,392	$490,763

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	$496,000	$3,717,181	$19,686,749	$-3,221,181
2021	No data	$981,965	No data	No data
2020	$496,000	$3,885,552	$23,570,433	$-3,389,552
2019	$397,000	$4,925,700	$27,133,455	$-4,528,700
2018	$298,000	$5,369,750	$31,520,732	$-5,071,750

SHELBY COUNTY HEALTH CARE PROPERTIES INC