GOOD HOPE HOSPITAL INC

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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

1945

Legal Domicile

Principal Officer

ROBERT P CAMERON

Phone

9105149451

Tax Period

2023-01-01 to 2023-12-31

GOOD HOPE HOSPITAL INC, founded in 1945, is a community nonprofit in the Health Care sector that reported $3.7M in total revenue in fiscal year 2023. Revenue fell 37% from the prior year — a significant decline worth monitoring. Expenses of $4.2M exceeded revenue, resulting in a 16% operating deficit.

Mission

PROVIDING INPATIENT MENTAL HEALTH BEDS FOR THE COMMUNITY

Program Service Accomplishments

Program 1

Expenses: $3,260,707 Revenue: $2,681,585

TO PROVIDE 16 MENTAL HEALTH BEDS TO THE COMMUNITY IN AN INPATIENT HOSPITAL. THE HOSPITAL IS ONLY FOR MENTAL HEALTH PATIENTS.

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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 $974,362

Program Service Revenue $2,680,529

Investment Income $260

Other Revenue $1,056

TOTAL REVENUE $3,656,207

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $3,260,707

Other Expenses $4,247,222

TOTAL EXPENSES $4,247,222

Year-over-Year Comparison

	2023	2022	Change
Revenue	$3,656,207	$5,824,324	-0.4%
Expenses	$4,247,222	$3,907,657	+0.1%
Net Income	$-591,015	$1,916,667	-1.3%

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

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
RODALFO REYES MD	BOARD MEMBER	5.00	Director	$0	$0	$0
LINDA ROBINSON MD	BOARD MEMBER	20.00	Director	$0	$0	$0
JIM BURGIN	BOARD MEMBER	1.00	Director	$0	$0	$0
KURT VERNON MD	BOARD MEMBER	1.00	Director	$0	$0	$0
JERRY ENNIS	SEC-TREASURER	1.00	Officer Director	$0	$0	$0
ROBERT P CAMERON	VICE-CHAIRMAN	1.00	Officer Director	$0	$0	$0
N EARL JONES JR	CHAIRMAN	1.00	Officer Director	$0	$0	$0

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	$3,656,207	$4,247,222	$9,009,922	$-591,015
2022	$5,824,324	$3,907,657	$8,647,172	$1,916,667
2021	$6,784,003	$3,940,538	$6,884,020	$2,843,465