CHARLES A CANNON JR MEMORIAL HOSPITAL INC (EIN 560529974) - 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

1957

Legal Domicile

Phone

8287377000

Tax Period

2024-07-01 to 2025-06-30

CHARLES A CANNON JR MEMORIAL HOSPITAL INC, founded in 1957, is a mid-sized nonprofit in the Health Care sector that reported $28.6M in total revenue in fiscal year 2024. Expenses of $26.5M left a modest 7% surplus.

Mission

TO PROVIDE HEALTHCARE SERVICES TO ENHANCE THE QUALITY OF LIFE FOR THE CITIZENS OF AVERY COUNTY.

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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 $0

Program Service Revenue $27,991,435

Investment Income $8,130

Other Revenue $565,493

TOTAL REVENUE $28,565,058

Expense Breakdown

Grants Paid $0

Salaries & Benefits $14,309,922

Fundraising Expenses $0

Program Expenses $22,483,632

Other Expenses $12,173,169

TOTAL EXPENSES $26,483,091

Year-over-Year Comparison

	2024	2023	Change
Revenue	$28,565,058	$27,719,325	+0.0%
Expenses	$26,483,091	$27,601,454	0.0%
Net Income	$2,081,967	$117,871	+16.7%

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

$2,383,861

Total Directors

$653,378

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Meagan Phillips	Vice-Chair	1.0	Officer Director	$0	$0	$0
Tom Dale	Chairman	1.0	Officer Director	$0	$0	$0
Brett Loftis	Trustee	1.0	Director	$0	$0	$0
Carmen Lacey	Trustee	1.0	Director	$0	$0	$0
Harrison Chip Williamson	Trustee	1.0	Director	$0	$0	$0
Jeff Greene	Trustee	1.0	Director	$0	$0	$0
Jim Deal	Trustee	1.0	Director	$0	$0	$0
John Blackburn	Trustee	1.0	Director	$0	$0	$0
Jonathan Allen	Trustee	1.0	Director	$0	$0	$0
Lisa Cooper	Trustee	1.0	Director	$0	$0	$0
Mary Louise Roberts	Trustee	1.0	Director	$0	$0	$0
Matt Vincent	Trustee	1.0	Director	$0	$0	$0
Paul Dagher MD	Trustee/Physician	1.0	Director	$0	$22,104	$653,378
Sam Adams	Trustee	1.0	Director	$0	$0	$0
Todd Castle	County Commissioner Rep	1.0	Director	$0	$0	$0
Charles Mantooth	CEO (thru 12/31/2024)	1.0	Officer	$0	$29,239	$1,180,817
David Nathan Nipper	CEO	1.0	Officer	$0	$24,156	$472,368
Rick Cassady	CFO	1.0	Officer	$0	$40,201	$488,132
Stephanie Greer	President, Avery Market	1.0	Officer	$0	$21,270	$242,544

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
2025	$28,565,058	$26,483,091	$39,779,019	$2,081,967
2024	$27,719,325	$27,601,454	$35,805,137	$117,871
2023	$18,290,074	$19,682,646	$30,726,386	$-1,392,572
2022	$23,906,519	$25,011,460	$34,213,790	$-1,104,941
2021	$28,743,569	$25,598,861	$40,286,861	$3,144,708
2020	$24,171,917	$26,188,305	$39,397,771	$-2,016,388
2019	$24,916,591	$26,804,532	$26,240,839	$-1,887,941
2018	$23,492,959	$26,896,907	$25,542,498	$-3,403,948

CHARLES A CANNON JR MEMORIAL HOSPITAL INC