HLTC INC (EIN 582341574) - 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

1997

Legal Domicile

Principal Officer

JEFFREY D MEYERS

Phone

7062726115

Tax Period

2023-10-01 to 2024-09-30

HLTC INC, founded in 1997, is a mid-sized nonprofit in the Health Care sector that reported $28.8M in total revenue in fiscal year 2023.

Mission

HLTC, INC. OPERATES FOUR SKILLED-NURSING FACILITIES IN DALTON, GA. DURING THE YEAR ENDED SEPTEMBER 30, 2024, HLTC HAD 92,047 PATIENT DAYS, 84.2% OF WHICH WERE REIMBURSED BY MEDICARE OR MEDICAID. SERVICES PROVIDED BY HLTC INCLUDE PHYSICIAN CONSULTATION, LAB SERVICES, REHABILITIATION AND DIETARY SERVICES.

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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 $28,149,515

Investment Income $0

Other Revenue $636,139

TOTAL REVENUE $28,785,654

Expense Breakdown

Grants Paid $0

Salaries & Benefits $20,310,482

Fundraising Expenses $0

Program Expenses $28,330,390

Other Expenses $8,993,392

TOTAL EXPENSES $29,303,874

Year-over-Year Comparison

	2023	2022	Change
Revenue	$28,785,654	$28,643,745	+0.0%
Expenses	$29,303,874	$28,697,831	+0.0%
Net Income	$-518,220	$-54,086	+8.6%

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

482

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

$2,682,036

Total Directors

$2,692,983

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
G LAMAR LYLE	CHAIRMAN	1.00	Officer Director	$0	$0	$0
JEFFREY D MYERS	PRESIDENT/CEO AND VICE CHAIR	1.00	Officer Director	$0	$119,279	$1,673,818
WILLIAM L MCDANIEL JR MD	SECRETARY/TREASURER	1.00	Officer Director	$0	$0	$0
DON W ADCOCK	TRUSTEE	1.00	Director	$0	$0	$0
LAURA J ALLGOOD	TRUSTEE	1.00	Director	$0	$0	$0
OLIVER F COBB	TRUSTEE	1.00	Director	$0	$0	$0
ROBERT K ESTES JR	TRUSTEE	1.00	Director	$0	$0	$0
SANDRA D MCKENZIE	TRUSTEE	1.00	Director	$0	$56,457	$1,019,165
ZABDIEL MENDEZ	TRUSTEE	1.00	Director	$0	$0	$0
W SCOTT SELLERS	TRUSTEE	1.00	Director	$0	$0	$0
LARRY E WINTER	TRUSTEE	1.00	Director	$0	$0	$0
JULIE A SOEKORO	ASSISTANT TREASURER	1.00	Officer	$0	$109,497	$811,055
STEVEN P BRIDENSTINE	ASSISTANT TREASURER	1.00	Officer	$0	$1,111	$197,163
JOHN M CUMMINGS	DIRECTOR	40.00	Highest	$168,879	$15,964	$184,843
LORI BROWN	DIRECTOR OF HEALTH SERVICES	40.00	Highest	$142,098	$8,343	$150,441
KEITH COLLINS	DIRECTOR OF REHAB	40.00	Highest	$143,514	$7,564	$151,078
TALITHA COOPER	LPN RESIDENT CARE COORDINATOR	40.00	Highest	$131,665	$8,384	$140,049
ELLYMAE WILKEY	REGENCY PARK LPN	40.00	Highest	$150,847	$2,950	$153,797

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	$28,785,654	$29,303,874	$14,997,116	$-518,220
2023	$28,643,745	$28,697,831	$13,127,359	$-54,086
2022	$28,050,665	$29,752,704	$12,856,115	$-1,702,039
2021	$28,781,962	$30,364,952	$14,717,948	$-1,582,990
2020	$32,322,017	$34,366,963	$20,048,022	$-2,044,946
2019	$30,554,605	$37,272,199	$16,405,869	$-6,717,594
2018	$31,462,519	$34,601,890	$15,053,917	$-3,139,371

HLTC INC