Charles Regional Medical Center Foundation Inc (EIN 521414564) - 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

1986

Legal Domicile

Phone

3016094132

Tax Period

2022-07-01 to 2023-06-30

Charles Regional Medical Center Foundation Inc, founded in 1986, is a small nonprofit that reported $522K in total revenue in fiscal year 2022. Expenses of $763K exceeded revenue, resulting in a 46% operating deficit.

Mission

TO ENHANCE THE HOSPITAL'S FINANCIAL RESOURCES SO IT MAY PROVIDE EXCELLENT HEALTH CARE SERVICES TO ALL MEMBERS OF THE COMMUNITY.

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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 (2022)

Revenue Breakdown

Contributions & Grants $579,107

Program Service Revenue $0

Investment Income $89,958

Other Revenue $-147,167

TOTAL REVENUE $521,898

Expense Breakdown

Grants Paid $10,972

Salaries & Benefits $229,188

Fundraising Expenses $179,095

Program Expenses $244,925

Other Expenses $522,975

TOTAL EXPENSES $763,135

Year-over-Year Comparison

	2022	2021	Change
Revenue	$521,898	$512,105	+0.0%
Expenses	$763,135	$822,833	-0.1%
Net Income	$-241,237	$-310,728	-0.2%

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

$1,052,941

Total Directors

$1,403,633

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
N/A	SECRETARY	1.0	Officer Director	$0	$0	$0
N/A	TREASURER	1.0	Officer Director	$0	$0	$0
N/A	CHAIRPERSON	1.0	Officer Director	$0	$0	$0
N/A	PRESIDENT-UMCRMC	1.0	Officer Director	$0	$35,985	$676,489
N/A	DIRECTOR	1.0	Director	$0	$0	$0
N/A	DIRECTOR	1.0	Director	$0	$0	$0
N/A	DIRECTOR	1.0	Director	$0	$0	$0
N/A	DIRECTOR	1.0	Director	$0	$40,629	$356,189
N/A	DIRECTOR	1.0	Director	$0	$0	$0
N/A	DIRECTOR	1.0	Director	$0	$32,406	$370,955
N/A	VP & CFO	1.0	Officer	$0	$36,095	$338,388
N/A	Executive Director	40.0	Officer	$0	$5,753	$38,064

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
2025	No data	No data	No data	No data
2024	No data	No data	No data	No data
2023	$521,898	$763,135	$6,133,822	$-241,237
2022	$512,105	$822,833	$6,249,690	$-310,728
2021	$1,115,804	$490,121	$7,010,131	$625,683
2020	$389,088	$397,102	$6,106,365	$-8,014
2019	$1,010,198	$997,716	$6,638,254	$12,482
2018	$406,203	$326,920	$6,046,561	$79,283

Charles Regional Medical Center Foundation Inc