ASHE MEMORIAL 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

1939

Legal Domicile

Principal Officer

BRIAN YATES

Phone

3368467101

Tax Period

2023-01-01 to 2023-12-31

ASHE MEMORIAL HOSPITAL INC, founded in 1939, is a mid-sized nonprofit in the Health Care sector that reported $51.4M in total revenue in fiscal year 2023. Revenue grew 9% year-over-year, indicating healthy expansion. Expenses of $48.7M left a modest 5% surplus.

Mission

THE HOSPITAL'S MISSION STATEMENT IS TO MEET THE NEEDS OF THE COMMUNITY BY DELIVERING PATIENT-CENTERED, HIGH QUALITY HEALTH CARE.

Program Service Accomplishments

Program 1

Expenses: $45,626,291 Revenue: $48,598,325

ASHE MEMORIAL PROVIDES INPATIENT, OUTPATIENT, AND EMERGENCY CARE SERVICES FOR RESIDENTS OF ASHE COUNTY AND THE SURROUNDING AREAS. THE HOSPITAL PROVIDED A SIGNIFICANT AMOUNT OF COMMUNITY BENEFIT AND OUTREACH TO THE COUNTY AND SURROUNDING AREAS. BENEFIT AND OUTREACH PROGRAMS ARE PROVIDED IN CONJUNCTION WITH THE ASHE COUNTY HEALTH COUNCIL AND INDEPENDENTLY THROUGH VARIOUS DEPARTMENTS AND SERVICES.

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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 $2,613,837

Program Service Revenue $48,598,325

Investment Income $14,550

Other Revenue $202,474

TOTAL REVENUE $51,429,186

Expense Breakdown

Grants Paid $1,889

Salaries & Benefits $21,567,555

Fundraising Expenses $111,576

Program Expenses $45,626,291

Other Expenses $27,176,731

TOTAL EXPENSES $48,746,175

Year-over-Year Comparison

	2023	2022	Change
Revenue	$51,429,186	$47,173,674	+0.1%
Expenses	$48,746,175	$45,801,876	+0.1%
Net Income	$2,683,011	$1,371,798	+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

417

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JANE LONON	CHAIRPERSON	1.00	Officer Director	$0	$0	$0
KYLE HALL	SECRETARY	1.00	Officer Director	$0	$0	$0
MARTIN LITTLE	1ST VICE CHAIR	1.00	Officer Director	$0	$0	$0
KAREN POWELL	2ND VICE CHAIR	1.00	Officer Director	$0	$0	$0
CHARLES JONES MD	BOARD MEMBER	1.00	Director	$0	$0	$0
CB JONES	BOARD MEMBER	1.00	Director	$0	$0	$0
DAVID PRICE	BOARD MEMBER	1.00	Director	$0	$0	$0
WILL VANNOY	BOARD MEMBER	1.00	Director	$0	$0	$0
SUE HAMPTON	BOARD MEMBER	1.00	Director	$0	$0	$0
EDWARD MILLER MD	BOARD MEMBER	1.00	Director	$0	$0	$0
STEPHEN SHOEMAKER	BOARD MEMBER	1.00	Director	$0	$0	$0
HORACE THOMPSON	BOARD MEMBER	1.00	Director	$0	$0	$0
EISA COX EDD	BOARD MEMBER	1.00	Director	$0	$0	$0
JAMES GAMBILL	BOARD OF TRUSTEES	1.00	Director	$0	$0	$0
GREG BOWER	TREASURER	1.00	Officer Director	$0	$0	$0
WALT DAVIS	BOARD MEMBER	1.00	Director	$0	$0	$0
BRIAN YATES	CHIEF EXECUTIVE OFFICER	40.00	Officer	$0	$0	$0
TARA BLALOCK BURGHER	PHYSICIAN	40.00	Highest	$249,896	$26,455	$276,351
BRIAN SACHS	PHYSICIAN-HOSPITALIST	40.00	Highest	$304,312	$19,773	$324,085
MELINDA WONSICK	PHYSICIAN	40.00	Highest	$258,221	$43,052	$301,273
ROBERT S GRAJEWSKI	PHYSICIAN-UROLOGIST	40.00	Highest	$403,593	$24,642	$428,235
MICHAEL A KEPLEY	PHYSICIAN	40.00	Highest	$251,472	$22,016	$273,488

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	$51,429,186	$48,746,175	$25,558,109	$2,683,011
2022	$47,173,674	$45,801,876	$24,731,359	$1,371,798
2021	$45,501,677	$39,985,052	$27,570,450	$5,516,625
2020	$36,906,393	$36,450,005	$26,395,324	$456,388
2019	$38,492,619	$38,861,531	$16,036,495	$-368,912
2018	$35,886,021	$35,740,899	$16,536,417	$145,122