RUSSELL COUNTY KENTUCKY HOSPITAL DISTRICT HEALTH FACILITIES CORP (EIN 610965365) - 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

1979

Legal Domicile

Principal Officer

SCOTT THOMPSON

Phone

2708664753

Tax Period

2023-07-01 to 2024-06-30

RUSSELL COUNTY KENTUCKY HOSPITAL DISTRICT HEALTH FACILITIES CORP, founded in 1979, is a mid-sized nonprofit in the Health Care sector that reported $49.8M in total revenue in fiscal year 2023. Revenue surged 24% from the prior year, signaling strong growth momentum. The organization ran a surplus of $9.9M, a strong 20% operating margin.

Mission

TO PROVIDE QUALITY, COMPASSIONATE HEALTHCARE CONSISTENT WITH THE TRUST AND SUPPORT OF THE COMMUNITIES WE SERVE.

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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 $20,911

Program Service Revenue $48,445,227

Investment Income $321,297

Other Revenue $1,049,667

TOTAL REVENUE $49,837,102

Expense Breakdown

Grants Paid $2,750

Salaries & Benefits $22,794,394

Fundraising Expenses $0

Program Expenses $33,561,619

Other Expenses $17,144,475

TOTAL EXPENSES $39,941,619

Year-over-Year Comparison

	2023	2022	Change
Revenue	$49,837,102	$40,052,563	+0.2%
Expenses	$39,941,619	$34,927,030	+0.1%
Net Income	$9,895,483	$5,125,533	+0.9%

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

385

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

$615,631

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DARYL HAMMOND	CHAIR/PRESIDENT (END FY 2024)	2.00	Officer Director	$0	$0	$0
STUART CARMAN	CHAIR/PRESIDENT	2.00	Officer Director	$0	$0	$0
WINFREY BATES	VICE CHAIR	2.00	Officer Director	$0	$0	$0
LARRY HELM	SECRETARY/TREASURER	2.00	Officer Director	$0	$0	$0
SHERRY REDMON	BOARD MEMBER (BEG FY 2024)	2.00	Director	$0	$0	$0
STEVEN FLETCHER	BOARD MEMBER	2.00	Director	$0	$0	$0
JUDY WITHERS	CNO (END 08/23)	40.00	Officer	$145,085	$13,616	$158,701
JANIE LANDIS	CFO (END 08/23)	40.00	Officer	$137,727	$26,449	$164,176
SCOTT THOMPSON	CEO	40.00	Officer	$189,406	$24,530	$213,936
NEQUILA NORRIS	DIRECTOR OF FINANCE (BEG 10/23)	40.00	Officer	$60,032	$18,786	$78,818
TOMMY SHELTON	PHYSICIAN	40.00	Highest	$670,043	$21,617	$691,660
RICHARD PERKINS	PHYSICIAN	40.00	Highest	$608,940	$23,209	$632,149
JONAS HURLEY	PHYSICIAN	40.00	Highest	$620,003	$33,170	$653,173
LIESEL GRENTZ	PHYSICIAN	40.00	Highest	$269,332	$16,020	$285,352
LEANN COOPER	PHYSICIAN	40.00	Highest	$267,092	$26,409	$293,501

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	$49,837,102	$39,941,619	$43,657,772	$9,895,483
2023	$40,052,563	$34,927,030	$32,981,130	$5,125,533
2022	$34,970,618	$34,196,657	$28,774,146	$773,961
2021	$36,140,861	$29,839,521	$27,239,932	$6,301,340
2020	$26,623,809	$26,909,710	$30,621,116	$-285,901
2019	$27,200,524	$26,826,170	$21,661,582	$374,354
2018	$25,797,900	$24,627,894	$20,745,941	$1,170,006

RUSSELL COUNTY KENTUCKY HOSPITAL DISTRICT HEALTH FACILITIES CORP