COASTAL PLAINS PHYSICIANS ASSOCIATES (EIN 571088306) - 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

1999

Legal Domicile

Principal Officer

DAVID H HAMILL

Phone

8039432771

Tax Period

2023-10-01 to 2024-09-30

COASTAL PLAINS PHYSICIANS ASSOCIATES, founded in 1999, is a community nonprofit in the Health Care sector that reported $1.1M in total revenue in fiscal year 2023. Revenue decreased 15% compared to the prior year. Expenses of $1.7M exceeded revenue, resulting in a 55% operating deficit.

Mission

TO PROVIDE MEDICAL SERVICES IN THE COMMUNITY THROUGH PARTICIPATION IN THE INTEGRATED HEALTHCARE DELIVERY SYSTEM OF HAMPTON REGIONAL MEDICAL CENTER.

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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 $1,083,787

Investment Income $0

Other Revenue $0

TOTAL REVENUE $1,083,787

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,243,568

Fundraising Expenses $0

Program Expenses $1,391,347

Other Expenses $441,279

TOTAL EXPENSES $1,684,847

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,083,787	$1,281,195	-0.2%
Expenses	$1,684,847	$1,686,181	0.0%
Net Income	$-601,060	$-404,986	+0.5%

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

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

$1,085,634

Total Directors

$896,541

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DAVE HAMILL NOTE ON SCH J	CEO-HRMC	1.00	Officer Director	$0	$120,780	$896,541
WILLIAM KOGER JR	CHAIRMAN OF THE BOARD	1.00	Director	$0	$0	$0
ROY HOLLINGSWORTH	VICE CHAIRMAN	1.00	Director	$0	$0	$0
DEBBIE BULLARD	SECRETARY	1.00	Director	$0	$0	$0
DR PATRICK CAWLEY	DIRECTOR	1.00	Director	$0	$0	$0
LEE ELLIS	DIRECTOR	1.00	Director	$0	$0	$0
ALLAN SWOFFORD	DIRECTOR	1.00	Director	$0	$0	$0
TRUDIE WORDEN	DIRECTOR	1.00	Director	$0	$0	$0
JULIE ALLEN NOTE ON SCH J	CFO-HRMC	1.00	Officer	$0	$18,335	$189,093
PHILLIP CRACE	PHYSICIAN	40.00	Highest	$106,645	$2,489	$109,134
ROBERT ELVINGTON	ORTHOPEDIC SURGEON	40.00	Highest	$296,797	$20,835	$317,632
STEPHEN MILLER	GENERAL SURGEON	40.00	Highest	$133,586	$2,489	$136,075
MALLORY HUNT	ORTHOPEDIC PHYSICIANS ASST	40.00	Highest	$114,942	$2,588	$117,530
JOSEPH RONDINA	GENERAL SURGEON	40.00	Highest	$100,620	$3,993	$104,613

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	$1,083,787	$1,684,847	$1,931,473	$-601,060
2023	$1,281,195	$1,686,181	$1,998,973	$-404,986
2022	$1,118,626	$1,739,578	$1,880,627	$-620,952
2021	$950,087	$1,928,248	$1,816,732	$-978,161
2020	$1,226,449	$2,149,025	$2,085,275	$-922,576
2019	$1,556,349	$2,562,747	$2,404,346	$-1,006,398
2018	$1,603,329	$2,681,885	$2,581,700	$-1,078,556

COASTAL PLAINS PHYSICIANS ASSOCIATES