PRESTON MEMORIAL MEDICAL GROUP

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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

2014

Legal Domicile

Principal Officer

MELISSA LOCKWOOD

Phone

3043294700

Tax Period

2023-01-01 to 2023-12-31

Mission

TO SERVE AS AN ADMINISTRATIVE ENTITY FOR PRESTON MEMORIAL HOSPITAL TO HELP PROVIDE OFFICE SPACE FOR HEALTH CARE SERVICES IN THE COMMUNITY.

Program Service Accomplishments

Program 1

Expenses: $0 Revenue: $0

THE PRESTON MEMORIAL MEDICAL GROUP PREVIOUSLY OPERATED AS A PRIMARY CARE/URGENT CARE FACILITY. THE ORGANIZATION NO LONGER PROVIDES THESE SERVICES BUT FUNCTIONS AS AN ADMINISTRATIVE ENTITY FOR PRESTON...

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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 $0

Other Revenue $0

TOTAL REVENUE $0

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $0

TOTAL EXPENSES $0

Year-over-Year Comparison

	2023	2022	Change
Revenue	N/A	$145,476	-1.0%
Expenses	N/A	$2,715	-1.0%
Net Income	N/A	$142,761	N/A

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

$1,481,614

Total Directors

$1,503,292

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DAVID GOLDBERG	CEO MHS	1.00	Officer Director	$0	$36,373	$890,036
MELISSA LOCKWOOD	DIRECTOR/CEO	5.00	Officer Director	$0	$52,848	$342,176
JASON MCNAIR	DIRECTOR	1.00	Director	$0	$10,695	$271,080
LARRY WILLIAMS	DIRECTOR/CHAIR	1.00	Officer Director	$0	$0	$0
KATHY MCNEILL	DIRECTOR	1.00	Director	$0	$0	$0
NICK TAYLOR	DIRECTOR	1.00	Director	$0	$0	$0
RAY THOMPSON	DIRECTOR	1.00	Director	$0	$0	$0
RITA MCCROBIE	DIRECTOR	1.00	Director	$0	$0	$0
RONALD CRITES	DIRECTOR	1.00	Director	$0	$0	$0
TARRELL RIES	DIRECTOR	1.00	Director	$0	$0	$0
TIM CALVERT	DIRECTOR	1.00	Director	$0	$0	$0
KEVIN GESSLER	VP OF FINANCE	5.00	Officer	$0	$1,153	$249,402

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	No data	No data	No data	No data
2022	$145,476	$2,715	$148,486	$142,761