Alleghany County Memorial Hospital… - Form 990 Financial Data

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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

1948

Legal Domicile

Phone

3363723226

Tax Period

2023-10-01 to 2024-09-30

Alleghany County Memorial Hospital Inc, founded in 1948, is a mid-sized nonprofit in the Health Care sector that reported $17.4M in total revenue in fiscal year 2023. Revenue grew 18% year-over-year, indicating healthy expansion.

Mission

ALLEGHANY MEMORIAL HOSPITAL PROVIDES TOP QUALITY HEALTHCARE SERVICES, FACILITATES EDUCATION FOR HEALTHCARE NEEDS, AND COORDINATES HEALTHCARE SERVICES THAT EXCEEDS THE SCOPE OF OUR FACILITY.

Program Service Accomplishments

Program 1

Expenses: $14,195,536 Revenue: $16,160,685

ALLEGHANY MEMORIAL HOSPITAL PROVIDED NECESSARY HEALTHCARE SERVICES TO INDIVIDUALS IN THE COMMUNITY REGARDLESS OF THEIR ABILITY TO PAY.

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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 $1,038,824

Program Service Revenue $16,160,685

Investment Income $34,644

Other Revenue $138,020

TOTAL REVENUE $17,372,173

Expense Breakdown

Grants Paid $0

Salaries & Benefits $8,070,728

Fundraising Expenses $0

Program Expenses $14,195,536

Other Expenses $9,357,204

TOTAL EXPENSES $17,427,932

Year-over-Year Comparison

	2023	2022	Change
Revenue	$17,372,173	$14,775,129	+0.2%
Expenses	$17,427,932	$17,122,522	+0.0%
Net Income	$-55,759	$-2,347,393	-1.0%

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

172

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

$270,367

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Bryan Edwards	Board of Trustees	1.0	Director	$0	$0	$0
Charles Mangano MD	Ex Officio Member	1.0	Director	$0	$0	$0
Jena Folger	Board of Trustees	1.0	Director	$0	$0	$0
Jim Becher	Chairperson	1.0	Director	$0	$0	$0
Jim Hoekstra MD	Board of Trustees	1.0	Director	$0	$0	$0
Mary Blackburn	Board of Trustees	1.0	Director	$0	$0	$0
Paul Hammes	Board of Trustees	1.0	Director	$0	$0	$0
Ricky Brown	Board of Trustees	1.0	Director	$0	$0	$0
Whitney Ivey	Vice Chairperson	1.0	Director	$0	$0	$0
Kathryn Doby	Chief Admin Officer, term May 2024	40.0	Officer	$233,631	$36,736	$270,367
Paula Moore	Chief Admin Officer, start March 2024	40.0	Officer	$0	$0	$0
April Maines	Clinical Services Director	40.0	Highest	$110,272	$9,743	$120,015
Denise Bryant MD	Physician	40.0	Highest	$121,903	$18,867	$140,770
Dwynn Greenfield	Physician	40.0	Highest	$227,529	$29,899	$257,428
Jose Arocha MD	Physician	40.0	Highest	$355,577	$25,628	$381,205
Pamela Hoppers	Pharmacist	40.0	Highest	$141,354	$16,459	$157,813

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	$17,372,173	$17,427,932	$22,202,568	$-55,759
2023	$14,775,129	$17,122,522	$22,293,914	$-2,347,393
2022	$15,001,905	$16,443,622	$23,492,804	$-1,441,717
2021	$15,886,871	$14,485,418	$23,031,959	$1,401,453
2020	$16,202,098	$12,806,749	$17,075,869	$3,395,349
2019	$11,137,746	$13,210,576	$7,822,201	$-2,072,830
2018	$13,005,160	$13,871,054	$7,530,500	$-865,894

Alleghany County Memorial Hospital Inc