PRESBYTERIAN HOME QUITMAN INC (EIN 580648693) - 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

1946

Legal Domicile

Principal Officer

ALEX PATTERSON

Phone

2292636191

Tax Period

2023-01-01 to 2023-12-31

PRESBYTERIAN HOME QUITMAN INC, founded in 1946, is a mid-sized nonprofit in the Health Care sector that reported $15.0M in total revenue in fiscal year 2023. Revenue decreased 13% compared to the prior year. Expenses of $17.7M exceeded revenue, resulting in a 18% operating deficit.

Mission

PRESBYTERIAN HOME, QUITMAN PROVIDES EXCEPTIONAL CARE TO SENIOR ADULTS.

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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 $371,940

Program Service Revenue $14,619,714

Investment Income $5,963

Other Revenue $45,488

TOTAL REVENUE $15,043,105

Expense Breakdown

Grants Paid $0

Salaries & Benefits $13,472,096

Fundraising Expenses $0

Program Expenses $16,110,491

Other Expenses $4,258,178

TOTAL EXPENSES $17,730,274

Year-over-Year Comparison

	2023	2022	Change
Revenue	$15,043,105	$17,214,589	-0.1%
Expenses	$17,730,274	$17,094,793	+0.0%
Net Income	$-2,687,169	$119,796	-23.4%

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

194

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

$897,892

Total Directors

$435,659

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ALEX PATTERSON	PRESIDENT/CEO	1.00	Officer Director	$0	$54,854	$435,659
REV TONY SUNDERMEIER	CHAIR	1.00	Officer Director	$0	$0	$0
JACK BENEDICT	TREASURER	1.00	Officer Director	$0	$0	$0
C DUNCAN BEARD	SECRETARY	1.00	Officer Director	$0	$0	$0
LATIVIA ALSTON	BOARD MEMBER	1.00	Director	$0	$0	$0
MARION GLOVER	BOARD MEMBER	1.00	Director	$0	$0	$0
THOMAS E JONES JR	BOARD MEMBER	1.00	Director	$0	$0	$0
ROBERT H NEEL	BOARD MEMBER	1.00	Director	$0	$0	$0
S MARK ROBERSON	BOARD MEMBER	1.00	Director	$0	$0	$0
DAVIS C STEWART	BOARD MEMBER	1.00	Director	$0	$0	$0
JAMES H MORGAN JR	BOARD MEMBER	1.00	Director	$0	$0	$0
GWEN HARDY	COO	1.00	Officer	$0	$1,488	$105,640
DIANNE ARRENDALE	CFO	1.00	Officer	$0	$18,271	$173,797
SHELLY L KIRKENDOLL	EXECUTIVE DIRECTOR	40.00	Officer	$139,867	$42,929	$182,796
SANDRA M JONES	PHARMACIST	40.00	Highest	$127,299	$26,895	$154,194
STEPHANIE A JOHNSON	RN/LPN-CHARGE NURSE	40.00	Highest	$100,041	$3,067	$103,108
BEVERLY J SUGGS	REGISTERED NURSE	40.00	Highest	$114,033	$2,942	$116,975
GUS WALTERS III	DIRECTOR OF HUMAN RESOURCE	40.00	Highest	$100,522	$13,182	$113,704

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	No data	No data	No data	No data
2023	$15,043,105	$17,730,274	$5,875,310	$-2,687,169
2022	$17,214,589	$17,094,793	$7,188,604	$119,796
2021	$15,914,373	$16,509,587	$9,055,708	$-595,214
2020	$17,669,514	$16,529,578	$7,771,902	$1,139,936
2019	$16,478,341	$16,599,587	$7,058,996	$-121,246
2018	$15,220,948	$16,556,665	$6,680,693	$-1,335,717

PRESBYTERIAN HOME QUITMAN INC