JELLICO COMMUNITY HOSPITAL INC

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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

1974

Legal Domicile

Principal Officer

Joe Thomason

Phone

9729436400

Tax Period

2020-07-01 to 2021-06-30

JELLICO COMMUNITY HOSPITAL INC, founded in 1974, is a small nonprofit that reported $139K in total revenue in fiscal year 2020. Revenue fell 71% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $582K, a strong 418% operating margin.

Mission

JELLICO COMMUNITY HOSPITAL, INC. WAS OPERATED BY COMMUNITY HOSPITAL CORPORATION TO BRING HEALTH TO THE COMMUNITIES WE SERVE AS WE INTEGRATED A FAITH-GROUNDED APPROACH INTO OUR RELATIONSHIPS AND COMMUNITY TO ENSURE EVERY PERSON FEELS VALUED, CARED FOR, AND RESPECTED. ON MARCH 1, 2019, SUBSTANTIALLY ALL OF THE ASSETS OF JELLICO COMMUNITY HOSPITAL, INCLUDING THE HOSPITAL LICENSE, WERE SOLD. ALL OF THE HOSPITAL OPERATIONS, INCLUDING THE OPERATIONS OF JELLICO HEALTHCARE ASSOCIATES, LLC AND CAREPLUS RURAL HEALTH CLINIC LLC, WERE INCLUDED IN THE SALE. THE ORGANIZATION'S SOLE MEMBER APPROVED ARTICLES OF DISSOLUTION FOR JELLICO COMMUNITY HOSPITAL ON APRIL 20, 2021 AND THEY WERE SUBSEQUENTLY FILED WITH THE DIVISION OF BUSINESS SERVICES OF THE TENNESSEE DEPARTMENT OF STATE ON APRIL 27, 2021. THE ORGANIZATION'S REMAINING CASH IN BANK, AS REFLECTED ON PART X OF THIS FORM 990, WAS DISTRIBUTED ON OCTOBER 29, 2021. THE ORGANIZATION WILL FILE A FINAL RETURN FOR THE SHORT PERIOD ENDED OCTOBER 29, 2021.

Program Service Accomplishments

Program 1

Expenses: $-442,614 Revenue: $139,127

JELLICO COMMUNITY HOSPITAL, INC. (THE HOSPITAL) OPERATED A 54 BED ACUTE CARE HOSPITAL IN JELLICO, TN. In March 2019, substantially all of the assets of Jellico Community Hospital were sold, including the hospital license. All hospital operations were included in the sale. The organization filed articles of dissolution on April 20, 2021.

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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 (2020)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $139,127

Investment Income $0

Other Revenue $0

TOTAL REVENUE $139,127

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $-442,614

Other Expenses $-442,614

TOTAL EXPENSES $-442,614

Year-over-Year Comparison

	2020	2019	Change
Revenue	$139,127	$476,017	-0.7%
Expenses	$-442,614	$108,969	-5.1%
Net Income	$581,741	$367,048	+0.6%

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

N/A

Employees

N/A

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

$1,206,094

Total Directors

$1,174,339

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JOE THOMASON	DIR./PRESIDENT	1.0	Officer Director	$0	$51,760	$460,200
JAMES HILL	Director/TREASURER	1.0	Officer Director	$0	$41,844	$403,266
Linda Moore	Secretary	1.0	Officer	$0	$32,144	$342,628
Tod Beasley	DIRECTOR	1.0	Director	$0	$32,886	$310,873
MICHAEL WILLIAMS	FORMER TRUSTEE	0.0		$0	$0	$57,417

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
2021	$139,127	$-442,614	$235,681	$581,741
2021	No data	No data	No data	No data
2020	$476,017	$108,969	$525,958	$367,048
2019	$8,481,086	$11,966,446	$426,560	$-3,485,360
2018	$18,600,736	$22,473,125	$4,310,623	$-3,872,389