PRESTON MEMORIAL HOSPITAL FOUNDATION INC (EIN 550740121) - 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

1997

Legal Domicile

Principal Officer

MELISSA LOCKWOOD

Phone

3043291400

Tax Period

2024-01-01 to 2024-12-31

PRESTON MEMORIAL HOSPITAL FOUNDATION INC, founded in 1997, is a small nonprofit in the Philanthropy & Grantmaking sector that reported $112K in total revenue in fiscal year 2024. The organization ran a surplus of $73K, a strong 65% operating margin.

Mission

RAISE, RECEIVE, AND APPLY FUNDS FOR FACILITY IMPROVEMENTS, EQUIPMENT, TECHNOLOGY, AND EXPANSION OF SERVICES FOR PRESTON 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 (2024)

Revenue Breakdown

Contributions & Grants $23,278

Program Service Revenue $0

Investment Income $68,282

Other Revenue $20,642

TOTAL REVENUE $112,202

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $36,134

Other Expenses $39,450

TOTAL EXPENSES $39,450

Year-over-Year Comparison

	2024	2023	Change
Revenue	$112,202	$111,042	+0.0%
Expenses	$39,450	$43,214	-0.1%
Net Income	$72,752	$67,828	+0.1%

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

$1,696,914

Total Directors

$649,191

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MELISSA LOCKWOOD	DIRECTOR/PMH CAO	5.00	Officer Director	$0	$26,627	$335,796
KEVIN GESSLER	PMH VP OF FINANCE & TREASURER	5.00	Officer Director	$0	$21,515	$313,395
KERRY GNIK	VICE CHAIR	1.00	Officer Director	$0	$0	$0
TARRELL RIES	DIRECTOR/CHAIR	1.00	Officer Director	$0	$0	$0
CHARLIE MORRIS	DIRECTOR	1.00	Director	$0	$0	$0
CLINT MCCABE	DIRECTOR	1.00	Director	$0	$0	$0
JESSICA LIPSCOMB	DIRECTOR	1.00	Director	$0	$0	$0
KARI MORENO	DIRECTOR	1.00	Director	$0	$0	$0
KIM HARLESS	DIRECTOR	1.00	Director	$0	$0	$0
LAURIE THOMPSON	DIRECTOR	1.00	Director	$0	$0	$0
MIKE SHAFFER	DIRECTOR	1.00	Director	$0	$0	$0
RITA MCCROBIE	DIRECTOR	1.00	Director	$0	$0	$0
SARAH GALLAHER	DIRECTOR	1.00	Director	$0	$0	$0
TRELLA GREASER	DIRECTOR	1.00	Director	$0	$0	$0
WILLIAM SHOCKEY	DIRECTOR	1.00	Director	$0	$0	$0
DAVID GOLDBERG	MHS PRESIDENT & CEO	1.00	Officer	$0	$51,139	$1,047,723

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	$112,202	$39,450	$1,518,629	$72,752
2023	$111,042	$43,214	$1,467,943	$67,828
2022	$79,281	$12,710	$1,427,939	$66,571
2022	$20,189	$4,804	$1,363,972	$15,385
2021	$94,535	$15,967	$1,566,572	$78,568
2020	$95,939	$15,243	$1,473,165	$80,696
2019	$140,205	$40,993	$1,364,210	$99,212
2018	$106,632	$59,461	$1,226,264	$47,171

PRESTON MEMORIAL HOSPITAL FOUNDATION INC