HOLMES COUNTY HOSPITAL CORPORATION

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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

1992

Legal Domicile

Principal Officer

RONALD JAMISON

Phone

8505478010

Tax Period

2023-10-01 to 2024-09-30

HOLMES COUNTY HOSPITAL CORPORATION, founded in 1992, is a mid-sized nonprofit in the Health Care sector that reported $29.3M in total revenue in fiscal year 2023. Revenue grew 16% year-over-year, indicating healthy expansion.

Mission

DOCTORS MEMORIAL HOSPITAL IS A PROGRESSIVE, FULLY ACCREDITED CRITICAL ACCESS HEALTHCARE FACILITY, OFFERING COMPASSIONATE, QUALITY CARE IN A SAFE, FAMILY ORIENTED ENVIRONMENT TO THOSE IN NEED THROUGHOUT THE PANHANDLE AREA CENTERED IN HOLMES, WASHINGTON, JACKSON, AND WALTON COUNTIES.

Program Service Accomplishments

Program 1

Expenses: $29,088,622 Revenue: $28,335,173

PATIENT SERVICES ARE RENDERED TO MEMBERS OF THE COMMUNITY REGARDLESS OF THEIR ABILITY TO PAY. THESE SERVICES INCLUDE INPATIENT, OUTPATIENT CARE AND OTHER 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 $980,496

Program Service Revenue $27,949,154

Investment Income $72,743

Other Revenue $313,276

TOTAL REVENUE $29,315,669

Expense Breakdown

Grants Paid $0

Salaries & Benefits $12,118,109

Fundraising Expenses $0

Program Expenses $29,088,622

Other Expenses $16,970,513

TOTAL EXPENSES $29,088,622

Year-over-Year Comparison

	2023	2022	Change
Revenue	$29,315,669	$25,345,234	+0.2%
Expenses	$29,088,622	$27,078,865	+0.1%
Net Income	$227,047	$-1,733,631	-1.1%

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

259

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

$312,970

Total Directors

Key Employees

$482,116

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CYNTHIA BROOKS	CHAIRMAN	1.00	Director	$0	$0	$0
JENNIE GOODMAN	BOARD MEMBER	1.00	Director	$0	$0	$0
JERRY DIXON	BOARD MEMBER	1.00	Director	$0	$0	$0
AMANDA ELDRIDGE	BOARD MEMBER	1.00	Director	$0	$0	$0
MARTHA ROBERTSON	BOARD MEMBER	1.00	Director	$0	$0	$0
JOANN BAKER	CHIEF ADMINISTRATOR	40.00	Officer	$101,272	$4,949	$106,221
ROHAN ANDERSON	INTERIM CEO, CHIEF OPERATING OFFICER	40.00	Officer	$97,248	$5,076	$102,324
RONALD JAMISON	CHIEF FINANCIAL OFFICER	40.00	Officer	$99,476	$4,949	$104,425
JOHN THOMAS	MEDICAL DOCTOR	40.00	Key Emp	$322,113	$4,869	$326,982
SHERRY YOUNG	ARNP/NSG	40.00	Key Emp	$150,265	$4,869	$155,134
JONATHAN PAUL	ARNP/NSG - EDUCATOR	40.00	Highest	$140,209	$10,030	$150,239
WARREN BAILEY	PHARMACY DIRECTOR	40.00	Highest	$125,228	$332	$125,560
NADINE PEARISH	ARNP/NSG	40.00	Highest	$122,739	$4,869	$127,608
WILLIAM HARRIS	MEDICAL DOCTOR	40.00	Highest	$110,251	$0	$110,251

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	$29,315,669	$29,088,622	$13,247,112	$227,047
2023	$25,345,234	$27,078,865	$12,336,890	$-1,733,631
2022	$25,672,156	$26,662,625	$12,016,037	$-990,469
2021	$22,192,600	$22,646,674	$12,453,764	$-454,074
2020	$18,521,027	$15,665,417	$12,714,880	$2,855,610
2019	$14,325,652	$15,222,815	$9,603,952	$-897,163
2018	$14,503,239	$15,106,519	$11,494,917	$-603,280