COMMONWEALTH REGIONAL SPECIALTY HOSPITAL INC (EIN 542142034) - 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

2003

Legal Domicile

Phone

2707451551

Tax Period

2024-04-01 to 2025-03-31

COMMONWEALTH REGIONAL SPECIALTY HOSPITAL INC, founded in 2003, is a community nonprofit in the Health Care sector that reported $6.2M in total revenue in fiscal year 2024. Expenses of $7.2M exceeded revenue, resulting in a 17% operating deficit.

Mission

THE HOSPITAL IS DESIGNED TO MEET MEDICAL, THERAPEUTIC AND FAMILIAL NEEDS RELATED TO PROVIDING LONG-TERM ACUTE CARE SERVICES FOR INDIVIDUALS WITH CRITICAL DISEASES OR DISORDERS.

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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 $114,440

Program Service Revenue $6,028,483

Investment Income $19,020

Other Revenue $276

TOTAL REVENUE $6,162,219

Expense Breakdown

Grants Paid $0

Salaries & Benefits $3,971,641

Fundraising Expenses $0

Program Expenses $6,396,725

Other Expenses $3,209,360

TOTAL EXPENSES $7,181,001

Year-over-Year Comparison

	2024	2023	Change
Revenue	$6,162,219	$6,267,993	0.0%
Expenses	$7,181,001	$7,670,917	-0.1%
Net Income	$-1,018,782	$-1,402,924	-0.3%

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

$3,601,513

Total Directors

$978,777

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MR JOE DAVIS	VICE CHAIR	2.0	Officer Director	$0	$0	$2,740
MR TOMMY HOLDERFIELD	CHAIRMAN	2.0	Officer Director	$0	$0	$2,740
MS VICKIE ELROD	SECRETARY	2.0	Officer Director	$0	$0	$2,740
DR BRAD MORRIS	DIRECTOR	2.0	Director	$0	$33,149	$965,077
MR TOM FORTE	DIRECTOR	2.0	Director	$0	$0	$2,740
MS CHERI NATCHER	DIRECTOR	2.0	Director	$0	$0	$2,740
MS SUSAN JONES	DIRECTOR	2.0	Director	$0	$0	$0
MR DAVID GRAY	EXECUTIVE VICE PRESIDENT	2.0	Officer	$0	$49,504	$503,354
MR WADE STONE	EXECUTIVE VICE PRESIDENT	2.0	Officer	$0	$80,371	$546,106
MS CONNIE D SMITH	PRESIDENT / CEO	2.0	Officer	$0	$132,368	$1,486,205
MS KATRINA WOOD	EVP/CHIEF NURSING OFFICER	2.0	Officer	$0	$89,125	$406,156
MS MICHELE LAWLESS	EXECUTIVE VICE PRESIDENT / CFO	2.0	Officer	$0	$111,149	$651,472
DENISE ANDERSON	MCH AGENCY NURSE	40.0	Highest	$110,154	$0	$110,154
MR SETH SMITH	ADMINISTRATOR	40.0	Highest	$118,096	$14,202	$132,298
MS ELIZABETH SCHMIDT	PHARMACY MANAGER	32.0	Highest	$116,392	$41,756	$158,148
MS JOELL BETH LOVE	MCH AGENCY NURSE	40.0	Highest	$103,666	$5,618	$109,284
MS REBECCA PENDLEY	RN, CLINICAL STAFF NURSE	40.0	Highest	$101,920	$22,781	$124,701

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	$6,162,219	$7,181,001	$2,260,792	$-1,018,782
2024	$6,267,993	$7,670,917	$2,554,162	$-1,402,924
2023	$6,834,608	$7,759,445	$3,556,605	$-924,837
2022	$8,130,553	$7,929,614	$5,028,714	$200,939
2021	$7,861,361	$7,481,763	$5,816,435	$379,598
2020	$6,991,144	$7,393,955	$4,514,417	$-402,811
2019	$7,140,247	$7,362,789	$4,364,479	$-222,542
2018	$6,737,481	$7,345,261	$4,967,476	$-607,780

COMMONWEALTH REGIONAL SPECIALTY HOSPITAL INC