Ballad Health Auxiliary (EIN 581418345) - 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

1980

Legal Domicile

Principal Officer

Carson Waugh

Phone

4233023467

Tax Period

2024-07-01 to 2025-06-30

Ballad Health Auxiliary, founded in 1980, is a small nonprofit in the Health Care sector that reported $202K in total revenue in fiscal year 2024. Revenue fell 69% from the prior year — a significant decline worth monitoring. Expenses of $619K exceeded revenue, resulting in a 206% operating deficit.

Mission

To render services to Ballad Health and its related hospitals.

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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 (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $0

Investment Income $24,042

Other Revenue $178,057

TOTAL REVENUE $202,099

Expense Breakdown

Grants Paid $56,169

Salaries & Benefits $426,960

Fundraising Expenses $0

Program Expenses $521,876

Other Expenses $135,756

TOTAL EXPENSES $618,885

Year-over-Year Comparison

	2024	2023	Change
Revenue	$202,099	$642,195	-0.7%
Expenses	$618,885	$566,492	+0.1%
Net Income	$-416,786	$75,703	-6.5%

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

N/A

Volunteers

757

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

$213,271

Total Directors

$213,271

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Lynnis Hornsby	President (End Feb. 2025)	40.00	Officer Director	$0	$151	$116,588
Susan Higginbotham	Chair	1.50	Officer Director	$0	$0	$0
Mary Brumit	Secretary	0.40	Officer Director	$0	$0	$0
Carl Voigt	Treasurer	1.70	Officer Director	$0	$0	$0
Loretta Peeks	Past Chair	1.20	Director	$0	$0	$0
Vivian Lyle	Director	0.10	Director	$0	$0	$0
Frances Adams	Director	0.30	Director	$0	$0	$0
Carson Waugh	President	40.00	Officer Director	$0	$21,358	$96,683
JoAnn Clark	Director	0.80	Director	$0	$0	$0
Nancy Robinson	Director	0.30	Director	$0	$0	$0
Teresa Tignor	Director	1.20	Director	$0	$0	$0
Bill Horton	Director	6.00	Director	$0	$0	$0
Steve Basnett	Director	2.00	Director	$0	$0	$0
Kathryn Wilhoit PhD	Director	5.00	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
2025	$202,099	$618,885	$2,734,844	$-416,786
2024	$642,195	$566,492	$3,054,790	$75,703
2023	$622,651	$556,243	$2,752,938	$66,408
2022	$417,443	$484,913	$2,490,283	$-67,470
2021	$291,136	$451,248	$2,636,653	$-160,112
2020	$542,519	$418,730	$2,688,432	$123,789
2019	$436,639	$485,964	$2,347,770	$-49,325

Ballad Health Auxiliary