PIKE MEDICAL FOUNDATION

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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

Principal Officer

STEVE GARROTT

Phone

3345664651

Tax Period

2023-10-01 to 2024-09-30

PIKE MEDICAL FOUNDATION is a micro nonprofit that reported $52K in total revenue in fiscal year 2023. Expenses of $70K exceeded revenue, resulting in a 35% operating deficit.

Mission

TO PROVIDE FINANCIAL SUPPORT TO A COMMUNITY OWNED HOSPITAL

Program Service Accomplishments

Program 1

THE PIKE COUNTY MEDICAL FOUNDATION EXEMPT PURPOSE ACCOMPLISHMENT IS TO PROVIDE FINANCIAL AID AND ASSISTANCE TO A CITY OWNED HOSPITAL IN TROY, AL. OUR PURPOSE IS TO PROVIDE FINANCIAL SUPPORT FOR NEED MEDICAL EQUIPMENT AND TREATMENT PROGRAMS THAT BENEFIT THE CITIZENS OF TROY, AL AND PIKE COUNTY ALABAMA.

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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 $0

Program Service Revenue $52,193

Investment Income $0

Other Revenue $0

TOTAL REVENUE $52,193

Expense Breakdown

Grants Paid $70,000

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $70,200

Other Expenses $200

TOTAL EXPENSES $70,200

Year-over-Year Comparison

	2023	2022	Change
Revenue	$52,193	N/A	N/A
Expenses	$70,200	N/A	N/A
Net Income	$-18,007	N/A	N/A

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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
STEVE GARROTT	PRESIDENT	N/A	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	$52,193	$70,200	$28,941	$-18,007