Jay Hospital Inc (EIN 592425149) - 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

1983

Legal Domicile

Phone

4482278478

Tax Period

2023-10-01 to 2024-09-30

Jay Hospital Inc, founded in 1983, is a mid-sized nonprofit in the Health Care sector that reported $16.3M in total revenue in fiscal year 2023. Revenue surged 23% from the prior year, signaling strong growth momentum. Expenses of $19.7M exceeded revenue, resulting in a 21% operating deficit.

Mission

JAY HOSPITAL'S PRIMARY MISSION IS DEDICATED TO MEETING THE HEALTHCARE NEEDS IN THE JAY, CENTURY, FLOMATON AND SURROUNDING COMMUNITITES IN THE NORTHWEST FLORIDA-SOUTH ALABAMA AREA.

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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 $472,495

Program Service Revenue $15,829,140

Investment Income $11

Other Revenue $16,610

TOTAL REVENUE $16,318,256

Expense Breakdown

Grants Paid $12,500

Salaries & Benefits $9,718,580

Fundraising Expenses $0

Program Expenses $15,491,647

Other Expenses $9,983,445

TOTAL EXPENSES $19,714,525

Year-over-Year Comparison

	2023	2022	Change
Revenue	$16,318,256	$13,280,503	+0.2%
Expenses	$19,714,525	$18,377,155	+0.1%
Net Income	$-3,396,269	$-5,096,652	-0.3%

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

145

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

$1,638,854

Total Directors

Key Employees

$197,244

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DAVE CLEVELAND	MEMBER/TREASURER	1.0	Officer Director	$0	$0	$0
KARA CARDONA	MEMBER/VICE CHAIR	1.0	Officer Director	$0	$0	$0
MARGARET T STOPP	MEMBER/VICE CHAIRMAN	1.0	Officer Director	$0	$0	$0
RICKY W SMITH	MEMBER/SECRETARY	1.0	Officer Director	$0	$0	$0
RONALD E JACKSON	MEMBER/CHAIRMAN	1.0	Officer Director	$0	$0	$0
BRIAN WYER	MEMBER	1.0	Director	$0	$0	$0
DAVID HAWKINS	MEMBER	1.0	Director	$0	$0	$0
JACKIE BIGGS	MEMBER	1.0	Director	$0	$0	$0
JARL JT YOUNG	MEMBER	1.0	Director	$0	$0	$0
JOHN HEER	MEMBER	1.0	Director	$0	$0	$0
JOHN HOSMAN	MEMBER	1.0	Director	$0	$0	$0
JOHN M KIZZIAH	MEMBER	1.0	Director	$0	$0	$0
MARCUS PAUL DMD	MEMBER	1.0	Director	$0	$0	$0
MARJORIE MOORE	MEMBER	1.0	Director	$0	$0	$0
MARTHA SAUNDERS PhD	MEMBER	1.0	Director	$0	$0	$0
MICHAEL J MAZENKO	MEMBER	1.0	Director	$0	$0	$0
SHIRLEY HENDERSON	MEMBER	1.0	Director	$0	$0	$0
STEVEN SHELL	MEMBER	1.0	Director	$0	$0	$0
THOMAS F OWENS	MEMBER	1.0	Director	$0	$0	$0
ANDREW TERRY	SENIOR VP/CFO	10.0	Officer	$0	$26,102	$583,363
BRETT ALDRIDGE	COO & EVP	10.0	Officer	$0	$33,889	$525,368
ELIZABETH CALLAHAN	MEMBER/ASSIST. SECRETARY	1.0	Officer	$0	$32,920	$530,123
KEITH STRICKLING	ADMINISTRATOR	40.0	Key Emp	$29,119	$29,269	$197,244
DANIEL D SHEPPARD PharmD	MANAGER PHARMACY	40.0	Highest	$141,056	$27,227	$168,283
DEBRA JENKINS	ASST. ADMINISTRATOR	40.0	Highest	$161,483	$30,062	$191,545
KARIN PARDUE MD	PHYSICIAN	40.0	Highest	$322,145	$28,312	$350,457
KATHRYN R HUNT MD	PHYSICIAN	40.0	Highest	$145,948	$0	$145,948
PAULA MCCANTS	TEAM LEAD	40.0	Highest	$119,092	$12,722	$131,814
MICHAEL GLEASON	FORMER SENIOR VP/CFO	0.0		$0	$10,283	$196,804

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	$16,318,256	$19,714,525	$6,440,403	$-3,396,269
2023	$13,280,503	$18,377,155	$5,351,314	$-5,096,652
2022	$13,519,519	$18,055,913	$4,766,031	$-4,536,394
2021	$13,196,115	$16,938,341	$3,574,214	$-3,742,226
2020	$11,228,132	$15,290,050	$3,765,804	$-4,061,918
2019	$12,641,650	$16,608,017	$4,060,215	$-3,966,367
2018	$12,214,810	$16,424,750	$3,710,947	$-4,209,940

Jay Hospital Inc