PALMETTO BAPTIST MEDICAL CENTER AU… - 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

1960

Legal Domicile

Principal Officer

KELLY VEITCH

Phone

8032965520

Tax Period

2023-10-01 to 2024-09-30

PALMETTO BAPTIST MEDICAL CENTER AUXILIARY OF VOLUNTEERS, founded in 1960, is a micro nonprofit that reported $54K in total revenue in fiscal year 2023. Revenue fell 38% from the prior year — a significant decline worth monitoring. Expenses of $93K exceeded revenue, resulting in a 72% operating deficit.

Mission

TO PROMOTE THE WELFARE OF THE HOSPITAL PATIENTS AND VISITORS

Program Service Accomplishments

Program 1

Expenses: $86,061

TO OVERSEE ACTIVITIES AND VOLUNTEER SERVICES TO THE PATIENTS AND VISITORS TO HELP ENHANCE THE WELFARE OF THE HOSPITAL AND THEREBY CREATE A QUALITY HEALTH INSTITUTION.

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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 $0

Investment Income $23,663

Other Revenue $30,409

TOTAL REVENUE $54,072

Expense Breakdown

Grants Paid $82,840

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $86,061

Other Expenses $10,378

TOTAL EXPENSES $93,218

Year-over-Year Comparison

	2023	2022	Change
Revenue	$54,072	$87,170	-0.4%
Expenses	$93,218	$38,216	+1.4%
Net Income	$-39,146	$48,954	-1.8%

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

157

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
ROBIN MEADOWS	PRESIDENT EL	1.00	Officer Director	$0	$0	$0
SIDNEY LORICK	TREASURER	1.00	Officer Director	$0	$0	$0
BRENDA HUCKABY	RECORDING SE	1.00	Officer Director	$0	$0	$0
CATHERINE MANN	PAST PRESIDE	1.00	Officer Director	$0	$0	$0
ED OWENS	PREV PAST PR	1.00	Officer Director	$0	$0	$0
KELLY VEITCH	VOLUNTEER SE	1.00	Officer	$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	$54,072	$93,218	$910,604	$-39,146
2023	$87,170	$38,216	$903,230	$48,954
2022	$41,054	$218,082	$838,088	$-177,028
2021	$26,914	$18,039	$1,080,236	$8,875
2020	$117,090	$21,526	$1,035,614	$95,564
2019	$300,518	$229,193	$959,917	$71,325
2018	$277,043	$331,112	$850,159	$-54,069

PALMETTO BAPTIST MEDICAL CENTER AUXILIARY OF VOLUNTEERS