AUXILIARY OF FORSYTH MEMORIAL HOSP… - 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

1965

Legal Domicile

Principal Officer

CAROLYN CROSBY

Phone

3362772411

Tax Period

2024-01-01 to 2024-03-20

AUXILIARY OF FORSYTH MEMORIAL HOSPITAL, founded in 1965, is a small nonprofit that reported $173K in total revenue in fiscal year 2024. Revenue fell 72% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $123K, a strong 71% operating margin.

Mission

OUR CAUSE WE CREATE A HEALTHIER FUTURE AND BRING REMARKABLE EXPERIENCES TO LIFE. DISCOVER WE CONSISTENTLY SEEK TO INNOVATE, COURAGEOUSLY TRANSFORM OURSELVES AND FIND NEW WAYS TO ADD VALUE FOR OUR PATIENTS, COMMUNITIES AND ONE ANOTHER. EMPOWER WE PROVIDE ONE ANOTHER, OUR PATIENTS, FAMILIES AND COMMUNITIES WITH THE RESOURCES AND ENVIRONMENT TO CREATE SHARED ACCOUNTABILITY AND ACTION. THRIVE WE DEMONSTRATE EQUITY, EMPATHY, SAFETY AND QUALITY TO HELP EACH OTHER, AND OUR COMMUNITIES GROW AND SUCCEED. TOGETHER WE WORK AS A TRUSTED TEAM WITH OUR UNIQUE PERSPECTIVES, LIFE EXPERIENCES AND EXPERTISE TO BRING REMARKABLE TO LIFE IN EVERY INTERACTION. WE ALL BELONG.

Program Service Accomplishments

Program 1

Expenses: $42,429 Revenue: $87,372

THE ORGANIZATION OPERATES A HOSPITAL BASED GIFT SHOP FOR THE BENEFIT OF PATIENTS AND THEIR FAMILIES, ALLOWING THEM TO PURCHASE ITEMS SUCH AS FLOWERS, CARDS, AND SMALL GIFTS. THE ORGANIZATION...

THE ORGANIZATION OPERATES A HOSPITAL BASED GIFT SHOP FOR THE BENEFIT OF PATIENTS AND THEIR FAMILIES, ALLOWING THEM TO PURCHASE ITEMS SUCH AS FLOWERS, CARDS, AND SMALL GIFTS. THE ORGANIZATION DISSOLVED IN MARCH 2024. NET ASSETS WERE DISTRIBUTED TO FORSYTH MEDICAL CENTER FOUNDATION, A NONPROFIT CORPORATION THAT IS EXEMPT FROM FEDERAL TAXATION UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE.

Program 2

Expenses: $4,009

THE ORGANIZATION IS STAFFED BY VOLUNTEERS WHO SERVICE NOVANT HEALTH FORSYTH MEDICAL CENTER ("NHFMC"). THESE VOLUNTEERS ARE A VALUABLE PART OF THE NHFMC FAMILY, WHETHER PREPARING & DELIVERING FLOWER ARRANGEMENTS FOR THE GIFT SHOP, DELIVERING MAIL TO PATIENTS, OR ASSISTING PATIENTS AND VISITORS THROUGHOUT THE HOSPITAL FACILITY. THESE VOLUNTEERS GIVE THEIR TIME AND TALENT TO HELP OTHERS IN NEED. ADDITIONALLY, THE ORGANIZATION PLEDGES DONATIONS TO HOSPITAL DEPARTMENTS THAT REQUEST FUNDING SUPPORT.

Program 3

Revenue: $1,412

THE ORGANIZATION OFFERS NEWBORN PHOTOGRAPHY SERVICES TO PROVIDE REMEMBRANCES AND KEEPSAKES FOR NHFMC PATIENTS AND FAMILIES.

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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 $1,412

Investment Income $72,978

Other Revenue $99,003

TOTAL REVENUE $173,393

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $46,438

Other Expenses $50,688

TOTAL EXPENSES $50,688

Year-over-Year Comparison

	2024	2023	Change
Revenue	$173,393	$625,460	-0.7%
Expenses	$50,688	$277,511	-0.8%
Net Income	$122,705	$347,949	-0.6%

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

222

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

$2,299,469

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BILL BLACKARD	TRUSTEE	0.20	Director	$0	$0	$0
CAROLYN CROSBY	PRES	0.20	Officer Director	$0	$0	$0
ELAINE BUTLER	TRUSTEE	0.20	Director	$0	$0	$0
LAURA MONSEN	TREAS	0.20	Officer Director	$0	$0	$0
LISA BERNTHAL	TRUSTEE	0.20	Director	$0	$0	$0
MARY BINKLEY	TRUSTEE	0.20	Director	$0	$0	$0
NATALIE FULCHER	TRUSTEE	0.20	Director	$0	$0	$0
PAT BLACKARD	TRUSTEE	0.20	Director	$0	$0	$0
PEGGY PARKS	SECR	0.20	Officer Director	$0	$0	$0
SHARON DUNNAGAN	VICE PRES	0.20	Officer Director	$0	$0	$0
GEOFFREY GARDNER	CFO (TO 5/12/24)	0.20	Officer	$0	$45,578	$1,299,829
ALICE POPE	CFO (FR 5/13/24)	0.20	Officer	$0	$7,953	$999,640

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	$173,393	$50,688	No data	$122,705
2023	$625,460	$277,511	$1,269,135	$347,949
2022	$252,765	$268,802	$731,987	$-16,037
2021	$175,430	$259,726	$724,130	$-84,296
2020	$61,015	$260,355	$791,479	$-199,340
2019	$415,044	$328,678	$1,089,532	$86,366
2018	$392,496	$404,508	$1,023,315	$-12,012

AUXILIARY OF FORSYTH MEMORIAL HOSPITAL