Reynolds Memorial Foundation Inc (EIN 550710402) - 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

1991

Legal Domicile

Principal Officer

Douglass Harrison

Phone

3048453211

Tax Period

2023-01-01 to 2023-12-31

Reynolds Memorial Foundation Inc, founded in 1991, is a small nonprofit in the Health Care sector that reported $272K in total revenue in fiscal year 2023. Revenue fell 27% from the prior year — a significant decline worth monitoring. Expenses of $1.8M exceeded revenue, resulting in a 569% operating deficit.

Mission

Funding of operations and capital acquisitions for Reynolds 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%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $0

Investment Income $272,287

Other Revenue $0

TOTAL REVENUE $272,287

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $1,822,727

Other Expenses $1,822,727

TOTAL EXPENSES $1,822,727

Year-over-Year Comparison

	2023	2022	Change
Revenue	$272,287	$373,115	-0.3%
Expenses	$1,822,727	$25,354	+70.9%
Net Income	$-1,550,440	$347,761	-5.5%

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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
James Wilson	Director	001.00	Director	$0	$0	$0
James Gardill	Director	001.00	Director	$0	$0	$0
Lois Gray	Director	001.00	Director	$0	$0	$0
Bernard Twigg	Director	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	$272,287	$1,822,727	$5,333,116	$-1,550,440
2022	$373,115	$25,354	$6,365,231	$347,761
2021	$500,983	$25,268	$7,484,340	$475,715
2020	$242,214	$22,807	$6,600,966	$219,407
2019	$277,977	$22,048	$6,113,470	$255,929
2018	$341,838	$21,493	$5,143,863	$320,345

Reynolds Memorial Foundation Inc