HALIFAX REGIONAL MEDICAL CENTER FO… - 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

1972

Legal Domicile

Principal Officer

JASON HARRELL

Phone

2525358130

Tax Period

2020-10-01 to 2021-09-30

HALIFAX REGIONAL MEDICAL CENTER FOUNDATION INC, founded in 1972, is a micro nonprofit that reported $63K in total revenue in fiscal year 2020. Revenue fell 51% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $57K, a strong 90% operating margin.

Mission

HALIFAX REGIONAL MEDICAL CENTER FOUNDATION, INC. IS A NOT-FOR-PROFIT CORPORATION ORGANIZED SOLELY FOR GENERAL CHARITABLE PURPOSES. ITS MISSION IS TO SUPPORT HALIFAX REGIONAL MEDICAL CENTER, INC. IN ITS EFFORT TO PUT "PATIENTS FIRST THROUGH: QUALITY SERVICE, EXCELLENCE, COMPASSION, TEAMWORK AND COMMITMENT." THE FOUNDATION WILL RAISE FUNDS TO MAINTAIN AND IMPROVE HEALTH SERVICES. THIS WILL INCLUDE THE ACQUISITION OF EQUIPMENT AND THE PROVISION OF RESEARCH AND EDUCATIONAL PROGRAMS, PLACING A SPECIAL EMPHASIS ON COMMUNITY WELLNESS, AS WELL AS DISEASE AND INJURY PREVENTION PROGRAMS.

Program Service Accomplishments

Program 1

Expenses: $6,639

DONATED TO HALIFAX OVER 38K REGIONAL MEDICAL CENTER (VIDANT NORTH) FOR PURCHASES OF CAPITAL AND SUPPLIES. DONATED $250,000 FOR RENOVATIONS TO THE ONCOLOGY UNIT AT HRMC.

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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 (2020)

Revenue Breakdown

Contributions & Grants $26,605

Program Service Revenue $0

Investment Income $36,855

Other Revenue $0

TOTAL REVENUE $63,460

Expense Breakdown

Grants Paid $0

Salaries & Benefits $5,850

Fundraising Expenses $0

Program Expenses $6,639

Other Expenses $809

TOTAL EXPENSES $6,659

Year-over-Year Comparison

	2020	2019	Change
Revenue	$63,460	$130,548	-0.5%
Expenses	$6,659	$314,596	-1.0%
Net Income	$56,801	$-184,048	-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

$341,445

Total Directors

$508,946

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JASON HARRELL	CEO	1.00	Officer Director	$0	$74,374	$280,957
HUGH BAZEMORE	BOARD MEMBER	0.50	Director	$0	$0	$0
BECKY NEWTON	BOARD MEMBER	0.50	Director	$0	$0	$0
JERRY SHCILL	BOARD MEMBER	0.50	Director	$0	$0	$0
JIMMIE BURNETTE	BOARD MEMBER	0.50	Director	$0	$0	$0
CHRISTINA CAUDLE	BOARD MEMBER	0.50	Director	$0	$0	$0
EDWARD CLARKE	BOARD MEMBER	0.50	Director	$0	$0	$0
JOYCE D'OTTAVIO	BOARD MEMBER	0.50	Director	$0	$0	$0
UNDINE GARNER	BOARD MEMBER	0.50	Director	$0	$0	$0
BRUCE ROBISTOW	BOARD MEMBER	0.50	Director	$0	$0	$0
CHRIS LEHMAN	BOARD MEMBER	0.50	Director	$0	$0	$0
ANN BOYD SMITH	BOARD MEMBER	0.50	Director	$0	$0	$0
ROBERT GORDON	BOARD MEMBER	1.00	Director	$0	$12,685	$167,501
FANNIE GREENE	BOARD MEMBER	0.50	Director	$0	$0	$0
BETSY MORRIS	COORDINATOR	1.00	Officer Director	$0	$2,132	$60,488
PEGGY BENTON	BOARD MEMBER	0.50	Director	$0	$0	$0
VICKIE EVANS	BOARD MEMBER	0.50	Director	$0	$0	$0
CHRISTINA WELLS	BOARD MEMBER	0.50	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
2021	$63,460	$6,659	No data	$56,801
2020	$130,548	$314,596	$2,053,824	$-184,048
2019	$154,294	$83,615	$2,172,309	$70,679
2018	$148,546	$81,944	$2,109,236	$66,602

HALIFAX REGIONAL MEDICAL CENTER FOUNDATION INC