THE HEALTH CARE AUTHORITY OF THE CITY OF ANNISTON (EIN 636000090) - Form 990 Financial Analysis & Trantor Score

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Tuckman-Chang Vulnerability Assessment

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1974

Legal Domicile

Phone

2562355255

Tax Period

2023-10-01 to 2024-09-30

THE HEALTH CARE AUTHORITY OF THE CITY OF ANNISTON, founded in 1974, is a major nonprofit in the Health Care sector that reported $270.4M in total revenue in fiscal year 2017. Revenue surged 23% from the prior year, signaling strong growth momentum.

Mission

TO PROVIDE PERSONALIZED HEALTHCARE TO CITIZENS OF NORTHEAST ALABAMA.

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Trantor Score

Financial Health & Payment Capacity Assessment (FICO Scale: 300–850)

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $491,793

Program Service Revenue $274,543,606

Investment Income $2,675,006

Other Revenue $3,281,102

TOTAL REVENUE $280,991,507

Expense Breakdown

Grants Paid $262,628

Salaries & Benefits $116,480,902

Fundraising Expenses $0

Program Expenses $256,560,287

Other Expenses $162,589,924

TOTAL EXPENSES $279,333,454

Year-over-Year Comparison

	2023	2022	Change
Revenue	$280,991,507	$283,686,194	0.0%
Expenses	$279,333,454	$284,966,671	0.0%
Net Income	$1,658,053	$-1,280,477	-2.3%

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

2453

Volunteers

340

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

$1,017,516

Total Directors

Key Employees

$780,275

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Bill Williams	Vice-Chairman	1.0	Officer Director	$0	$0	$0
Bud Owsley	Secretary	1.0	Officer Director	$0	$0	$0
Igor Bidikov MD	Vice-Chief of Staff	1.0	Officer Director	$0	$0	$0
Jay Jenkins	Chairman	1.0	Officer Director	$0	$0	$0
Louis DiValentin MD	became COS 10/31/23	1.0	Officer Director	$0	$0	$0
Raul Magadia MD	Chief of Staff until 10/31/23	1.0	Officer Director	$0	$0	$0
Anthony Humphries	Board Member	1.0	Director	$0	$0	$0
Debra Foster	Board Member	1.0	Director	$0	$0	$0
Dick Pritchett	Board Member	1.0	Director	$0	$0	$0
Ellen Bass	Board Member	1.0	Director	$0	$0	$0
Fred Wilson	Board Member	1.0	Director	$0	$0	$0
George Crawford MD	Board Member	1.0	Director	$0	$0	$0
John Rogers	Board Member	1.0	Director	$0	$0	$0
Koven L Brown	Board Member	1.0	Director	$0	$0	$0
Linda Jenkins	Board Member	1.0	Director	$0	$0	$0
Marcus Dunn	Board Member	1.0	Director	$0	$0	$0
Rob Svensen	Board Member	1.0	Director	$0	$0	$0
Sandra Sudduth	Board Member	1.0	Director	$0	$0	$0
Joe Weaver	Chief Operating Officer	40.0	Officer	$272,792	$23,251	$296,043
Louis Bass	Chief Executive Officer	40.0	Officer	$424,104	$24,609	$448,713
Mark North	Chief Financial Officer	40.0	Officer	$250,684	$22,076	$272,760
Almena Free	Chief Medical Officer	40.0	Key Emp	$295,416	$42,280	$337,696
James Johnson	Chief Operating Officer	40.0	Key Emp	$207,948	$39,262	$247,210
Kandi Williams	Chief Nursing Officer	40.0	Key Emp	$180,259	$15,110	$195,369
Barry Billings MD	Physician	40.0	Highest	$798,851	$42,667	$841,518
John Nwogu MD	Physician	40.0	Highest	$1,395,821	$42,667	$1,438,488
Khurram Fareed MD	Physician	40.0	Highest	$585,735	$0	$585,735
Mohamed Jasser MD	Physician	40.0	Highest	$759,348	$42,667	$802,015
Terry Phillis MD	Physician	40.0	Highest	$783,165	$42,667	$825,832

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	$280,991,507	$279,333,454	$203,725,729	$1,658,053
2023	$283,686,194	$284,966,671	$215,260,016	$-1,280,477
2023	$283,686,194	$284,966,671	$215,260,016	$-1,280,477
2022	$264,695,250	$269,974,261	$209,687,933	$-5,279,011
2021	$278,059,389	$263,667,336	$209,308,574	$14,392,053
2020	$254,715,536	$248,067,503	$251,234,567	$6,648,033
2019	$266,710,942	$261,952,385	$195,350,082	$4,758,557
2018	$270,370,130	$287,897,898	$213,490,439	$-17,527,768

THE HEALTH CARE AUTHORITY OF THE CITY OF ANNISTON