HOSPITAL AUXILIARY OF THE INDIAN RIVER MEMORIAL HOSPITAL INC (EIN 591003707) - 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

1960

Legal Domicile

Principal Officer

CONSTANCE JOHNSON

Phone

7724929516

Tax Period

2023-01-01 to 2023-12-31

HOSPITAL AUXILIARY OF THE INDIAN RIVER MEMORIAL HOSPITAL INC, founded in 1960, is a small nonprofit in the Health Care sector that reported $725K in total revenue in fiscal year 2023. Revenue surged 1889% from the prior year, signaling strong growth momentum. The organization ran a surplus of $646K, a strong 89% operating margin.

Mission

THE HOSPITAL AUXILIARY RECRUITS, DIRECTS AND PROVIDES ALL HUMAN RESOURCE FUNCTIONS FOR ALL VOLUNTEERS THAT WORK AT THE HOSPITAL; 121 IN THE YEAR ENDED DECEMBER 31, 2023. THE AUXILIARY ALSO RAISES FUNDS FOR THE BENEFITS OF INDIAN RIVER MEMORIAL HOSPITAL.

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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 $63

Program Service Revenue $0

Investment Income $666,540

Other Revenue $58,218

TOTAL REVENUE $724,821

Expense Breakdown

Grants Paid $41,157

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $78,231

Other Expenses $37,489

TOTAL EXPENSES $78,646

Year-over-Year Comparison

	2023	2022	Change
Revenue	$724,821	$36,441	+18.9%
Expenses	$78,646	$33,216	+1.4%
Net Income	$646,175	$3,225	+199.4%

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

N/A

Volunteers

121

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MARSHA ADAMS	PRESIDENT	25.00	Officer	$0	$0	$0
MARGARET BRINSON	SECOND VICE	4.00	Officer	$0	$0	$0
ALICE CONKEY	THIRD VICE P	4.00	Officer	$0	$0	$0
CONSTANCE JOHNSON	TREASURER	10.00	Officer	$0	$0	$0
MICHALENA RAYMOND	FIRST VICE P	4.00	Officer	$0	$0	$0
BARBARA SYLVESTER	RECORDING SE	2.00	Officer	$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
2024	No data	No data	No data	No data
2023	$724,821	$78,646	$978,351	$646,175
2019	$250,307	$113,733	$473,250	$136,574

HOSPITAL AUXILIARY OF THE INDIAN RIVER MEMORIAL HOSPITAL INC