Volunteer Auxiliary of Piedmont Medical (EIN 570400029) - 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

1956

Legal Domicile

Principal Officer

Clyde Carrigan

Phone

8033296828

Tax Period

2023-09-01 to 2024-08-31

Volunteer Auxiliary of Piedmont Medical, founded in 1956, is a micro nonprofit that reported $5K in total revenue in fiscal year 2023. Revenue fell 112% from the prior year — a significant decline worth monitoring.

Mission

To enhance the welfare of the patients and the community.

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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 $0

Program Service Revenue $20,068

Investment Income $-24,616

Other Revenue $0

TOTAL REVENUE $-4,548

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $271,204

Other Expenses $275,268

TOTAL EXPENSES $275,268

Year-over-Year Comparison

	2023	2022	Change
Revenue	$-4,548	$36,750	-1.1%
Expenses	$275,268	$39,159	+6.0%
Net Income	$-279,816	$-2,409	+115.2%

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

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Clyde Carrigan	General Treasurer	10.00	Director	$0	$0	$0
Gail Cooke	Board Member	10.00	Director	$0	$0	$0
Karen Love	President	10.00	Director	$0	$0	$0
Nicole McCormick	Gift Shop Chairperson	10.00	Director	$0	$0	$0
Pat Elkins	Gift Shop Treasurer	10.00	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	$-4,548	$275,268	No data	$-279,816
2023	$36,750	$39,159	$279,814	$-2,409
2022	$57,595	$68,437	$282,224	$-10,842
2021	$87,448	$62,244	$293,066	$25,204
2020	$84,984	$89,511	$267,862	$-4,527
2019	$151,713	$160,383	$272,389	$-8,670
2018	$145,055	$111,977	$282,583	$33,078

Volunteer Auxiliary of Piedmont Medical