HUGH CHATHAM MEMORIAL HOSPITAL FOU… - 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

1997

Legal Domicile

Phone

3365277000

Tax Period

2023-10-01 to 2024-09-30

HUGH CHATHAM MEMORIAL HOSPITAL FOUNDATION INC, founded in 1997, is a community nonprofit in the Philanthropy & Grantmaking sector that reported $1.1M in total revenue in fiscal year 2023. Revenue surged 117% from the prior year, signaling strong growth momentum. The organization ran a surplus of $810K, a strong 73% operating margin.

Mission

TO CONSISTENTLY DELIVER EXCEPTIONAL QUALITY AND SERVICE BY DEMONSTRATING THE VALUES OF RESPECT, INTEGRITY, INNOVATION, FISCAL RESPONSIBILITY AND ACCOUNTABILITY. TO BE AN OUTSTANDING COMMUNITY HEALTHCARE ORGANIZATION, WITH SERVICE AS OUR GUIDING PRINCIPLE.

Program Service Accomplishments

Program 1

Expenses: $219,449 Revenue: $0

THE HUGH CHATHAM MEMORIAL HOSPITAL FOUNDATION HAS ONE PURPOSE AND THAT PURPOSE IS TO ASSIST HUGH CHATHAM MEMORIAL HOSPITAL IN SEEKING NEEDED PHILANTHROPIC DOLLARS. "SHARING THE VISION" IS THE NAME...

THE HUGH CHATHAM MEMORIAL HOSPITAL FOUNDATION HAS ONE PURPOSE AND THAT PURPOSE IS TO ASSIST HUGH CHATHAM MEMORIAL HOSPITAL IN SEEKING NEEDED PHILANTHROPIC DOLLARS. "SHARING THE VISION" IS THE NAME THAT HAS BEEN GIVEN TO THE LARGEST CAPITAL FUNDRAISING CAMPAIGN IN THE HISTORY OF HUGH CHATHAM MEMORIAL. IT IS BASED ON THE PHILANTHROPIC HISTORY THAT HAS ALWAYS EXISTED AT THIS HOSPITAL. IT BUILDS UPON THE GENEROSITY OF MANY OF THE FAMILIES WHO PROVIDED THE LAND AND THE FUNDS REQUIRED TO ESTABLISH HUGH CHATHAM MEMORIAL HOSPITAL. IT IS THE MISSION OF THE HUGH CHATHAM MEMORIAL HOSPITAL FOUNDATION TO PROVIDE THE CULTURE OF PHILANTHROPIC SUPPORT THAT WILL SUSTAIN THE HOSPITAL FOR GENERATIONS TO COME.

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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 $715,043

Program Service Revenue $0

Investment Income $246,453

Other Revenue $147,134

TOTAL REVENUE $1,108,630

Expense Breakdown

Grants Paid $210,788

Salaries & Benefits $34,643

Fundraising Expenses $42,303

Program Expenses $219,449

Other Expenses $53,341

TOTAL EXPENSES $298,772

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,108,630	$511,576	+1.2%
Expenses	$298,772	$294,761	+0.0%
Net Income	$809,858	$216,815	+2.7%

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

Total Directors

$573,332

Key Employees

$540,787

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Debbie Brown	Secretary	1.0	Officer Director	$0	$0	$0
Jim Harrell Jr	Chairman	1.0	Officer Director	$0	$0	$0
Tom Flippin	Treasurer	1.0	Officer Director	$0	$0	$0
Van Shore	Vice Chair	1.0	Officer Director	$0	$0	$0
Al Sartain	Board Member	1.0	Director	$0	$0	$0
Courtney Snyder	Board Member	1.0	Director	$0	$0	$0
Don Hudson	Board Member	1.0	Director	$0	$0	$0
Dr Muruganathan Subbiah	Board Member	1.0	Director	$0	$84,346	$573,332
Dr Myra Cox	Board Member	1.0	Director	$0	$0	$0
Eddie Settle	Board Member	1.0	Director	$0	$0	$0
Frank Beals	Board Member	1.0	Director	$0	$0	$0
Fred Chatham	Board Member	1.0	Director	$0	$0	$0
Gambill Aldridge	Board Member	1.0	Director	$0	$0	$0
Jennie Hess	Board Member	1.0	Director	$0	$0	$0
Jerry Sidden	Board Member	1.0	Director	$0	$0	$0
Matthew Schrum	Board Member	1.0	Director	$0	$0	$0
Max Armentrout	Board Member	1.0	Director	$0	$0	$0
Molli Jo Johnson	Board Member	1.0	Director	$0	$0	$0
Phyllis Harris	Board Member	1.0	Director	$0	$0	$0
Sly Best	Board Member	1.0	Director	$0	$0	$0
Teresa Chatham	Board Member	1.0	Director	$0	$0	$0
Thomas Eidson	Board Member	1.0	Director	$0	$0	$0
Tony Cook	Board Member	1.0	Director	$0	$0	$0
Paul Hammes	CEO - Hospital	1.0	Key Emp	$0	$83,698	$540,787

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	$1,108,630	$298,772	$7,398,090	$809,858
2023	$511,576	$294,761	$4,753,463	$216,815
2022	$329,775	$214,124	$4,106,856	$115,651
2021	$398,213	$129,548	$4,651,542	$268,665
2020	$3,160,241	$294,792	$3,900,657	$2,865,449
2019	$260,003	$184,710	$2,251,857	$75,293
2018	$425,126	$177,383	$2,157,776	$247,743

HUGH CHATHAM MEMORIAL HOSPITAL FOUNDATION INC