Alleghany Memorial Hospital Foundation INC (EIN 562012634) - 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

1997

Legal Domicile

Phone

3363723281

Tax Period

2023-10-01 to 2024-09-30

Alleghany Memorial Hospital Foundation INC, founded in 1997, is a small nonprofit in the Philanthropy & Grantmaking sector that reported $311K in total revenue in fiscal year 2023. Revenue fell 20% from the prior year — a significant decline worth monitoring. Expenses of $637K exceeded revenue, resulting in a 105% operating deficit.

Mission

ALLEGHANY MEMORIAL HOSPITAL FOUNDATION'S PURPOSE IS TO PROVIDE LONG RANGE AND CONTINUING FINANCIAL SUPPORT TO ALLEGHANY MEMORIAL HOSPITAL'S EFFORT TO ENHANCE THE QUALITY OF LIFE OF THE CITIZENS OF ALLEGHANY AND SURROUNDING COUNTIES BY PROVIDING QUALITY HEALTHCARE SERVICES IN A COST EFFECTIVE AND PERSONAL MANNER.

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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 $70,659

Program Service Revenue $0

Investment Income $48,168

Other Revenue $191,777

TOTAL REVENUE $310,604

Expense Breakdown

Grants Paid $538,537

Salaries & Benefits $73,504

Fundraising Expenses $0

Program Expenses $637,275

Other Expenses $25,234

TOTAL EXPENSES $637,275

Year-over-Year Comparison

	2023	2022	Change
Revenue	$310,604	$389,483	-0.2%
Expenses	$637,275	$569,463	+0.1%
Net Income	$-326,671	$-179,980	+0.8%

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

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

$71,204

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Beth Lyon Smith	Vice Chairman	2.0	Officer Director	$0	$0	$0
Charles Mangano	Chairman	5.0	Officer Director	$0	$0	$0
Pratt Davis	Sec/Treasurer	2.0	Officer Director	$0	$0	$0
Bill Osborne	Director	2.0	Director	$0	$0	$0
Brett Jarrett	Director	2.0	Director	$0	$0	$0
Cheryl Mitchell	Director	2.0	Director	$0	$0	$0
Chris Jones	Director	2.0	Director	$0	$0	$0
James Lambie	Director	2.0	Director	$0	$0	$0
Jenny Braswell	Director	2.0	Director	$0	$0	$0
John Evans	Director	2.0	Director	$0	$0	$0
Laura Gentry	Director	2.0	Director	$0	$0	$0
LeAnn Gambill	Director	2.0	Director	$0	$0	$0
Melissa Vestal	Director	2.0	Director	$0	$0	$0
Michaux Crocker	Director	2.0	Director	$0	$0	$0
Shirley Richardson	Director	2.0	Director	$0	$0	$0
Susan E Murphy	Director	2.0	Director	$0	$0	$0
Susie Gambill	Director	2.0	Director	$0	$0	$0
Tommy Maines	Director	2.0	Director	$0	$0	$0
Robin Gambill	Executive Director	28.0	Officer	$0	$13,679	$71,204

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	$310,604	$637,275	$1,218,896	$-326,671
2023	$389,483	$569,463	$1,461,692	$-179,980
2022	$842,420	$1,079,926	$1,712,818	$-237,506
2021	$352,396	$1,089,577	$1,716,917	$-737,181
2020	$207,300	$4,059,785	$2,375,844	$-3,852,485
2019	$270,768	$552,663	$6,169,684	$-281,895
2018	$5,870,869	$131,086	$6,481,203	$5,739,783

Alleghany Memorial Hospital Foundation INC