Columbus Regional Healthcare System

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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

1937

Legal Domicile

Phone

9106421703

Tax Period

2023-10-01 to 2024-09-30

Columbus Regional Healthcare System, founded in 1937, is a major nonprofit in the Health Care sector that reported $161.4M in total revenue in fiscal year 2023. Revenue grew 17% year-over-year, indicating healthy expansion. Expenses of $143.1M left a modest 11% surplus.

Mission

To provide compassionate care, advance healing and inspire hope for our patients and their loved ones. WE WILL BE THE PRIMARY HEALTHCARE HOME FOR THE CITIZENS OF COLUMBUS COUNTY AND SURROUNDING COMMUNITIES. CRHS WILL ESTABLISH ITSELF AS THE HEALTH SYSTEM OF CHOICE IN COLUMBUS COUNTY BY DEVELOPING LONG-TERM RELATIONSHIPS WITH PATIENTS AND PROVIDERS AND LEVERAGING PARTNERSHIPS AND TECHNOLOGY TO ENSURE EASY, TIMELY ACCESS TO A FULL BREADTH OF CLINICAL SERVICES. CRHS WILL FACILITATE THE COORDINATION OF CARE THAT RESULTS IN EXCELLENT OUTCOMES, HIGH LEVELS OF SATISFACTION AND VALUE FOR THE PATIENT, AND MEASURABLE IMPROVEMENTS IN OUR POPULATION'S HEALTH. OUR VALUES START WITH THE RECOGNITION OF OUR PRIMARY ROLE AS A CARE GIVING HEALTH SYSTEM: THE NEEDS OF OUR PATIENTS COME FIRST.

Program Service Accomplishments

Program 1

Expenses: $121,274,494 Revenue: $160,402,501

WE WILL BE THE PRIMARY HEALTHCARE HOME FOR THE CITIZENS OF COLUMBUS COUNTY AND SURROUNDING COMMUNITIES. CRHS will establish itself as the health system of choice in Columbus County by developing...

WE WILL BE THE PRIMARY HEALTHCARE HOME FOR THE CITIZENS OF COLUMBUS COUNTY AND SURROUNDING COMMUNITIES. CRHS will establish itself as the health system of choice in Columbus County by developing long-term relationships with patients and providers and leveraging partnerships and technology to ensure easy, timely access to a full breadth of clinical services. CRHS will facilitate the coordination of care that results in excellent outcomes, high levels of satisfaction and value for the patient, and measurable improvements in our population's health. Our values start with the recognition of our primary role as a care giving health system: The needs of our patients come first.

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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 $79,524

Program Service Revenue $160,402,501

Investment Income $815,611

Other Revenue $97,298

TOTAL REVENUE $161,394,934

Expense Breakdown

Grants Paid $42,998

Salaries & Benefits $44,189,961

Fundraising Expenses $3,263

Program Expenses $121,274,494

Other Expenses $98,855,815

TOTAL EXPENSES $143,088,774

Year-over-Year Comparison

	2023	2022	Change
Revenue	$161,394,934	$138,112,354	+0.2%
Expenses	$143,088,774	$129,893,199	+0.1%
Net Income	$18,306,160	$8,219,155	+1.2%

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

772

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

$797,091

Total Directors

$14,700

Key Employees

$221,109

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Dr Sam Wheatley	CMO	12.0	Officer Director	$14,700	$0	$14,700
Terray Suggs	Chairman	1.0	Officer Director	$0	$0	$0
Andy Martin	Trustee	1.0	Director	$0	$0	$0
Brent Watts	Trustee	1.0	Director	$0	$0	$0
Carl Meares Jr	Trustee	1.0	Director	$0	$0	$0
Chris Smith	Trustee	1.0	Director	$0	$0	$0
Dr John Schultz	Trustee	1.0	Director	$0	$0	$0
Freda Gore	Trustee	1.0	Director	$0	$0	$0
M Jeffery Armstrong	CFO	60.0	Officer	$259,524	$31,764	$291,288
W Jason Beck	CEO	60.0	Officer	$439,543	$51,560	$491,103
Rachel Dunbar	COO	40.0	Key Emp	$197,751	$23,358	$221,109
Gloria Miller	CRNA	40.0	Highest	$249,837	$13,901	$263,738
Heather Hinson	CRNA	40.0	Highest	$251,129	$270	$251,399
Jeffrey Savage	CRNA	40.0	Highest	$347,479	$23,862	$371,341
Robin Hodge	CRNA	40.0	Highest	$365,531	$23,502	$389,033
William Dicks	RN	40.0	Highest	$206,015	$21,326	$227,341

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	$161,394,934	$143,088,774	$230,009,933	$18,306,160
2023	$138,112,354	$129,893,199	$208,090,810	$8,219,155
2022	$129,358,830	$117,176,545	$198,324,168	$12,182,285
2021	$134,524,668	$123,067,318	$197,969,739	$11,457,350
2020	$102,563,188	$98,115,013	$192,974,818	$4,448,175
2019	$101,039,621	$98,222,316	$163,126,286	$2,817,305
2018	$98,332,898	$92,954,658	$158,966,151	$5,378,240