Princeton Community Health Foundation Inc

EIN: 550694209 501(c)(3) Health Care

Princeton, WV

Total Revenue
$962,433
Total Expenses
$937,597
Total Assets
$8,653,209
Net Assets
$7,079,429
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1989
Legal Domicile
WV
Principal Officer
Diane Spencer
Phone
3043787000
Tax Period
2023-07-01 to 2023-12-31

Princeton Community Health Foundation Inc, founded in 1989, is a small nonprofit in the Health Care sector that reported $962K in total revenue in fiscal year 2023. Revenue fell 44% from the prior year — a significant decline worth monitoring. Net assets of $7.1M represent 88 months of operating reserves.

Mission

Princeton Community Hospital Foundation, Inc. provides support to Princeton Community Hospital in its mission of providing quality, cost effective health and wellness services to our 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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $178,053
Program Service Revenue $714,129
Investment Income $38,302
Other Revenue $31,949
TOTAL REVENUE $962,433

Expense Breakdown

Grants Paid $42,631
Salaries & Benefits $439,854
Fundraising Expenses $0
Program Expenses $913,015
Other Expenses $455,112
TOTAL EXPENSES $937,597

Year-over-Year Comparison

2023 2022 Change
Revenue $962,433 $1,712,486 -0.4%
Expenses $937,597 $1,754,885 -0.5%
Net Income $24,836 $-42,399 -1.6%
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
10
Independent Members
10
Employees
101
Volunteers
12

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
5
$441,131
Total Directors
10
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Diane Spencer VP Finance 010.00
Officer
$0 $27,906 $247,887
Crystal Mabe Foundation Director 040.00
Officer
$0 $34,511 $126,675
Chris Worley Fitness Center Director 040.00
Officer
$64,811 $1,758 $66,569
Gopal Pardasani Chairman 001.00
Officer Director
$0 $0 $0
Kevin Cole Treasurer 001.00
Officer Director
$0 $0 $0
Marie Blackwell Trustee 001.00
Director
$0 $0 $0
Martha Sabol Trustee 001.00
Director
$0 $0 $0
Ed Gilger Trustee 001.00
Director
$0 $0 $0
Rusty Sarver Trustee 001.00
Director
$0 $0 $0
Tom Giffen Trustee 001.00
Director
$0 $0 $0
Craig Hammond Trustee 001.00
Director
$0 $0 $0
Rosemary Mitchell Trustee 001.00
Director
$0 $0 $0
Ralph Modena Trustee 001.00
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
2024 No data No data No data No data
2023 $1,712,486 $1,754,885 $8,082,967 $-42,399
2023 $962,433 $937,597 $8,653,209 $24,836
2022 $1,727,154 $1,667,320 $6,114,580 $59,834
2021 $2,073,546 $1,443,609 $6,483,509 $629,937
2020 $1,474,467 $1,543,533 $5,560,578 $-69,066
2019 $1,664,312 $1,812,034 $5,673,934 $-147,722
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