TYRRELL COUNTY RURAL HEALTH ASSOCIATION (EIN 561249773) - 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

1979

Legal Domicile

Principal Officer

BARRY WOOLARD

Phone

2527960689

Tax Period

2023-07-01 to 2024-06-30

TYRRELL COUNTY RURAL HEALTH ASSOCIATION, founded in 1979, is a small nonprofit in the Health Care sector that reported $551K in total revenue in fiscal year 2023. Revenue grew 20% year-over-year, indicating healthy expansion. Expenses of $630K exceeded revenue, resulting in a 14% operating deficit.

Mission

TO PROVIDE A FULL RANGE OF MEDICAL SERVICES TO A RURAL, ECONOMICALLY DEPRESSED AREA.

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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 $170,842

Program Service Revenue $380,561

Investment Income $32

Other Revenue $0

TOTAL REVENUE $551,435

Expense Breakdown

Grants Paid $0

Salaries & Benefits $496,550

Fundraising Expenses $0

Program Expenses $510,515

Other Expenses $133,026

TOTAL EXPENSES $629,576

Year-over-Year Comparison

	2023	2022	Change
Revenue	$551,435	$460,385	+0.2%
Expenses	$629,576	$609,151	+0.0%
Net Income	$-78,141	$-148,766	-0.5%

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

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
BARRY WOOLARD	PRESIDENT	N/A	Officer	$0	$0	$0
FRANK HUGHES	VICE PRESIDE	N/A	Officer	$0	$0	$0
STARLYN LIVERMAN	SECRETARY/TR	N/A	Officer	$0	$0	$0
GINGER HASSELL	DIRECTOR	N/A	Officer	$0	$0	$0
ALLEN BRICKHOUSE	DIRECTOR	N/A	Director	$0	$0	$0
MARSHA SMITH	DIRECTOR	N/A	Director	$0	$0	$0
PRUCENCIO CASAS	DIRECTOR	N/A	Director	$0	$0	$0
JOSEPH LIVERMAN	DIRECTOR	N/A	Director	$0	$0	$0
CONNIE BANKS	DIRECTOR	N/A	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	$551,435	$629,576	$460,497	$-78,141
2023	$460,385	$609,151	$485,953	$-148,766
2022	$721,651	$755,242	$633,997	$-33,591
2021	$743,105	$666,972	$760,489	$76,133
2020	$753,390	$652,011	$671,531	$101,379

TYRRELL COUNTY RURAL HEALTH ASSOCIATION