BATH COMMUNITY HOSPITAL FOUNDATION

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

2002

Legal Domicile

Principal Officer

MARITA ROMINE

Phone

5408397000

Tax Period

2024-01-01 to 2024-12-31

BATH COMMUNITY HOSPITAL FOUNDATION, founded in 2002, is a community nonprofit in the Health Care sector that reported $3.6M in total revenue in fiscal year 2024. Revenue surged 22% from the prior year, signaling strong growth momentum. The organization ran a surplus of $3.5M, a strong 96% operating margin.

Mission

THE FOUNDATION IS OPERATED EXCLUSIVELY FOR THE BENEFIT AND SUPPORT OF BATH COMMUNITY HOSPITAL (THE "HOSPITAL") AND TO ASSIST THE HOSPITAL IN CARRYING OUT ITS CHARITABLE PURPOSES. THE FOUNDATION IS RESPONSIVE TO THE NEEDS AND DEMANDS OF THE HOSPITAL. IF THE HOSPITAL CEASES TO EXIST, THE FOUNDATION SHALL BE OPERATED EXCLUSIVELY FOR THE BENEFIT OF ANY QUALIFYING ORGANIZATION WHICH SERVES THE MEDICAL HEALTH NEEDS OF THE ALLEGHANY HIGHLANDS AND BATH COUNTY COMMUNITY.

Program Service Accomplishments

Program 1

Expenses: $36,473

THE FOUNDATION IS OPERATED EXCLUSIVELY FOR THE BENEFIT AND SUPPORT OF BATH COMMUNITY HOSPITAL (THE "HOSPITAL") AND TO ASSIST THE HOSPITAL IN CARRYING OUT ITS CHARITABLE PURPOSES. THE HOSPITAL DRAWS FUNDS FROM THE FOUNDATION BASED ON THE HOSPITAL'S CASH REQUIREMENTS TO FUND OPERATIONS, CAPITAL EQUIPMENT AND CAPITAL IMPROVEMENTS. BATH COMMUNITY HOSPITAL IS A NAMED PERPETUAL BENEFICIARY OF THE LETTIE PATE EVANS TRUST. AS A NAMED BENEFICIARY, THE HOSPITAL RECEIVES SUBSTANTIAL SUPPORT ON AN ANNUAL BASIS. THE HOSPITAL PASSES THIS CONTRIBUTION TO THE FOUNDATION, WITH THE INTENT TO GROW THE FOUNDATION TO ENSURE CONTINUED AND LONG TERM SUPPORT OF THE HOSPITAL.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $2,084,240

Program Service Revenue $0

Investment Income $1,531,717

Other Revenue $0

TOTAL REVENUE $3,615,957

Expense Breakdown

Grants Paid $36,473

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $36,473

Other Expenses $93,419

TOTAL EXPENSES $129,892

Year-over-Year Comparison

	2024	2023	Change
Revenue	$3,615,957	$2,960,043	+0.2%
Expenses	$129,892	$90,247	+0.4%
Net Income	$3,486,065	$2,869,796	+0.2%

Key Indicators

✓ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

N/A

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

$624,669

Total Directors

$469,176

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
L TRAYWICK DUFFIE	CHAIR	0.50	Officer Director	$0	$0	$0
TIM PISTELL	VICE CHAIR	0.50	Officer Director	$0	$0	$0
R MEADE SNYDER	SECRETARY	0.50	Officer Director	$0	$0	$0
JOHN SEDOVY MD	DIRECTOR/SURGEON	0.50	Director	$0	$32,476	$469,176
JOHN LOEFFLER	DIRECTOR	0.50	Director	$0	$0	$0
NORM BRINKMAN	DIRECTOR	0.50	Director	$0	$0	$0
STEPHEN MILLS MD	DIRECTOR	0.50	Director	$0	$0	$0
INGRID BARBER	DIRECTOR	0.50	Director	$0	$0	$0
DASTGIR QURESHI MD	DIRECTOR	0.50	Director	$0	$0	$0
AMELA HODZIC MORGAN	DIRECTOR	0.50	Director	$0	$0	$0
DAVID COWDEN	DIRECTOR	0.50	Director	$0	$0	$0
MARK SPADONI	DIRECTOR	0.50	Director	$0	$0	$0
MICHAEL M COLLINS	DIRECTOR	0.50	Director	$0	$0	$0
SCOTT ROBERTSON	DIRECTOR	0.50	Director	$0	$0	$0
CHRISTINE WORSHAM	DIRECTOR	0.50	Director	$0	$0	$0
JEFF LINGERFELT	PRESIDENT/CEO	0.50	Officer	$0	$24,743	$378,815
TOM VANDENHOVEN	TREASURER/CFO	0.50	Officer	$0	$21,077	$245,854

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	$3,615,957	$129,892	$30,955,856	$3,486,065
2023	$2,960,043	$90,247	$26,608,239	$2,869,796
2022	$742,693	$79,177	$21,747,633	$663,516
2021	$7,394,465	$13,968,474	$25,068,775	$-6,574,009
2020	$5,440,698	$4,217,403	$31,068,328	$1,223,295
2019	$6,110,989	$6,479,992	$27,887,884	$-369,003
2018	$5,460,145	$5,300,830	$26,665,902	$159,315