Community Memorial Hospital Foundation

EIN: 541831331 501(c)(3) Health Care

SOUTH HILL, VA

Total Revenue
$481,552
Total Expenses
$4,729
Total Assets
$3,424,591
Net Assets
$3,418,835
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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
1996
Legal Domicile
VA
Phone
4344473151
Tax Period
2022-07-01 to 2023-06-30

Community Memorial Hospital Foundation, founded in 1996, is a small nonprofit in the Health Care sector that reported $482K in total revenue in fiscal year 2022. Revenue decreased 17% compared to the prior year. The organization ran a surplus of $477K, a strong 99% operating margin.

Mission

TO SOLICIT, RECEIVE, AND ADMINISTER GIFTS, GRANTS, CONTRIBUTIONS, AND DONATIONS FOR COMMUNITY MEMORIAL HOSPITAL; TO DISTRIBUTE FUNDS TO THE HOSPITAL IN SUPPORT OF ITS VARIOUS PROGRAMS AND ACTIVITIES.

Program Service Accomplishments

Program 1
Expenses: $500 Revenue: $0

THE FOUNDATION EXISTS TO BUILD CONTINUING SUPPORT FOR COMMUNITY MEMORIAL HOSPITAL THROUGH PHILANTHROPY, STEWARDSHIP, AND COMMUNITY EDUCATION. THE FOUNDATION SOLICITS, RECEIVES, AND ADMINISTERS GIFTS...

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THE FOUNDATION EXISTS TO BUILD CONTINUING SUPPORT FOR COMMUNITY MEMORIAL HOSPITAL THROUGH PHILANTHROPY, STEWARDSHIP, AND COMMUNITY EDUCATION. THE FOUNDATION SOLICITS, RECEIVES, AND ADMINISTERS GIFTS, GRANTS, CONTRIBUTIONS, AND DONATIONS FOR COMMUNITY MEMORIAL HOSPITAL.

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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%)

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Financial Overview (2022)

Revenue Breakdown

Contributions & Grants $459,778
Program Service Revenue $0
Investment Income $19,854
Other Revenue $1,920
TOTAL REVENUE $481,552

Expense Breakdown

Grants Paid $500
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $500
Other Expenses $4,229
TOTAL EXPENSES $4,729

Year-over-Year Comparison

2022 2021 Change
Revenue $481,552 $582,272 -0.2%
Expenses $4,729 $1,183,061 -1.0%
Net Income $476,823 $-600,789 -1.8%
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

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Governance

Voting Members
12
Independent Members
11
Employees
N/A
Volunteers
10

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
6
$489,054
Total Directors
13
$489,054
Key Employees
1
$202,023
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
N/A DIRECTOR/TREASURER 1.0
Officer Director
$0 $0 $0
N/A DIRECTOR/VICE CHAIR 1.0
Officer Director
$0 $0 $0
N/A PRESIDENT (DEC-JUNE) 1.0
Officer Director
$0 $808 $44,339
N/A DIRECTOR/SECRETARY 1.0
Officer Director
$0 $0 $0
N/A PRESIDENT (JULY-DEC) 1.0
Officer Director
$0 $43,108 $444,715
N/A DIRECTOR/CHAIRMAN 1.0
Officer 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 $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 $0 $0
N/A DIRECTOR 1.0
Director
$0 $0 $0
N/A Interim Director, Foundation 5.0
Key Emp
$0 $24,805 $202,023
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
2023 $481,552 $4,729 $3,424,591 $476,823
2022 $582,272 $1,183,061 $3,035,902 $-600,789
2021 $641,853 $934,205 $3,778,191 $-292,352
2020 $969,983 $1,021,984 $3,988,485 $-52,001
2019 $1,162,304 $1,083,329 $4,033,777 $78,975
2018 $774,736 $987,943 $3,945,739 $-213,207
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