Pisgah Health Foundation (EIN 561458024) - 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

1985

Legal Domicile

Principal Officer

Cathleen Blanchard

Phone

8284353780

Tax Period

2023-01-01 to 2023-12-31

Pisgah Health Foundation, founded in 1985, is a community nonprofit in the Health Care sector that reported $1.2M in total revenue in fiscal year 2023. Revenue fell 22% from the prior year — a significant decline worth monitoring. Expenses of $1.6M exceeded revenue, resulting in a 34% operating deficit.

Mission

To purposefully, creatively, and collaboratively enhance the health and well-being of our communities by addressing local health and wellness inequities through strategic and meaningful partnerships.

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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 $596,637

Program Service Revenue $3,190

Investment Income $634,692

Other Revenue $-36,182

TOTAL REVENUE $1,198,337

Expense Breakdown

Grants Paid $672,474

Salaries & Benefits $207,911

Fundraising Expenses $99,963

Program Expenses $964,036

Other Expenses $719,662

TOTAL EXPENSES $1,600,047

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,198,337	$1,528,910	-0.2%
Expenses	$1,600,047	$1,965,529	-0.2%
Net Income	$-401,710	$-436,619	-0.1%

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

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

$73,464

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Shiela Jarvis	Interim Executive Director	50.00	Officer	$73,464	$0	$73,464
Jeremy Purcell	Chair	2.00	Officer Director	$0	$0	$0
Jamie Ramsey	Vice-Chair	1.00	Officer Director	$0	$0	$0
Cathleen Blanchard	Secretary/Treasurer	2.00	Officer Director	$0	$0	$0
Jim Tyson	Member	1.00	Director	$0	$0	$0
David Neumann	Member	1.00	Director	$0	$0	$0
Art Fisher	Member	1.00	Director	$0	$0	$0
James Wright	Member	1.00	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	$1,198,337	$1,600,047	$15,383,122	$-401,710
2022	$1,528,910	$1,965,529	$15,125,381	$-436,619
2021	$6,136,671	$2,700,871	$16,755,144	$3,435,800
2020	$5,850,939	$6,889,255	$13,771,281	$-1,038,316
2019	$5,915,720	$3,103,616	$13,790,907	$2,812,104

Pisgah Health Foundation