PIEDMONT ATHENS REGIONAL FOUNDATION INC

EIN: 581978389 501(c)(3) Health Care

ATHENS, GA

Total Revenue
$1,836,780
Total Expenses
N/A
Total Assets
$10,039,503
Net Assets
$10,039,503
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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
1985
Legal Domicile
GA
Principal Officer
MR J MICHAEL BURNETT
Phone
7064757000
Tax Period
2022-07-01 to 2023-06-30

PIEDMONT ATHENS REGIONAL FOUNDATION INC, founded in 1985, is a community nonprofit in the Health Care sector that reported $1.8M in total revenue in fiscal year 2022. Revenue surged 297% from the prior year, signaling strong growth momentum.

Mission

TO OPERATE FOR THE BENEFIT OF, TO PERFORM THE FUNCTIONS OF, OR TO CARRY OUT THE PURPOSES OF PIEDMONT ATHENS REGIONAL MEDICAL CENTER, INC. AND AFFILIATED ENTITIES.

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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%)

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Financial Overview (2022)

Revenue Breakdown

Contributions & Grants $1,367,887
Program Service Revenue $0
Investment Income $493,788
Other Revenue $-24,895
TOTAL REVENUE $1,836,780

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $0
Other Expenses $0
TOTAL EXPENSES $0

Year-over-Year Comparison

2022 2021 Change
Revenue $1,836,780 $462,653 +3.0%
Expenses N/A N/A N/A
Net Income N/A $462,653 N/A
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

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Governance

Voting Members
20
Independent Members
14
Employees
N/A
Volunteers
300

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
4
$3,407,138
Total Directors
20
$4,547,673
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Ms Elizabeth Leddy SECRETARY/CLO PHC 1.0
Officer
$0 $138,711 $1,528,196
Mr Thomas Arnold TREASURER/CFO PHC 1.0
Officer
$0 $130,741 $1,304,185
Mr Sidney Kirschner Board Member 1.0
Director
$0 $109,586 $1,300,655
Mr J Michael Burnett CEO, PARMC 1.0
Director
$0 $128,961 $1,176,264
Dr Catherine Marti Board Member 1.0
Director
$0 $34,602 $867,891
Dr Jonathan Murrow Board Member 1.0
Director
$0 $40,504 $582,589
MS WENDY COOK CFO, PARMC 1.0
Officer
$0 $39,774 $574,757
DR CATHERINE APALOO BOARD MEMBER 1.0
Director
$0 $34,497 $394,940
MS BECKY WALTMAN BOARD MEMBER 1.0
Director
$0 $31,563 $225,334
Mr Michael McAnder FORMER Treasurer 0.0
$0 $0 $150,106
Ms Kathy Hoard Board Member/CHAIR 1.0
Officer Director
$0 $0 $0
Mr Tom S Landrum Board Member 1.0
Director
$0 $0 $0
Ms Tammy Lindsay Board Member 1.0
Director
$0 $0 $0
Mr Carl Nichols Board Member/VICE CHAIR 1.0
Director
$0 $0 $0
Mr Leonard J Sapera Board Member 1.0
Director
$0 $0 $0
MR DARYL BLOODSAW BOARD MEMBER 1.0
Director
$0 $0 $0
MR SCOTT COLLINS BOARD MEMBER 1.0
Director
$0 $0 $0
MR JODY PATTON BOARD MEMBER 1.0
Director
$0 $0 $0
MS BECKY SAMS BOARD MEMBER 1.0
Director
$0 $0 $0
MS JENNIFER SCOTT BOARD MEMBER 1.0
Director
$0 $0 $0
MS APRIL SORROW BOARD MEMBER 1.0
Director
$0 $0 $0
MS JENNY TERRELL BOARD MEMBER 1.0
Director
$0 $0 $0
MS XERNONA THOMAS PHD BOARD MEMBER 1.0
Director
$0 $0 $0
DR RONALD WALPERT II BOARD MEMBER 1.0
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 No data No data No data No data
2024 No data No data No data No data
2023 $1,836,780 No data $10,039,503 No data
2022 $462,653 No data $10,885,119 No data
2021 $4,732,230 $78,033 $11,480,511 $4,654,197
2020 $906,060 $57,893 $8,837,093 $848,167
2019 $1,517,412 $11,684 $10,466,138 $1,505,728
2018 $804,905 $59,852 $9,693,168 $745,053
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