Clay County Medical Corporation (EIN 640668465) - 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

1982

Legal Domicile

Phone

6623773978

Tax Period

2023-10-01 to 2024-09-30

Clay County Medical Corporation, founded in 1982, is a mid-sized nonprofit in the Health Care sector that reported $66.1M in total revenue in fiscal year 2023. Revenue surged 35% from the prior year, signaling strong growth momentum. The organization ran a surplus of $15.4M, a strong 23% operating margin.

Mission

Clay County Medical Corporation operates a 60 bed acute-care hospital and related outpatient care facilities in West Point, Mississippi.

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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 $875,000

Program Service Revenue $64,824,748

Investment Income $154,553

Other Revenue $200,889

TOTAL REVENUE $66,055,190

Expense Breakdown

Grants Paid $0

Salaries & Benefits $26,191,651

Fundraising Expenses $0

Program Expenses $48,487,112

Other Expenses $24,444,667

TOTAL EXPENSES $50,636,318

Year-over-Year Comparison

	2023	2022	Change
Revenue	$66,055,190	$48,869,348	+0.4%
Expenses	$50,636,318	$68,545,430	-0.3%
Net Income	$15,418,872	$-19,676,082	-1.8%

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

380

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

$4,066,084

Total Directors

$649,874

Key Employees

$386,262

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
WILLIAM SUGG JR	CHAIRMAN	1.0	Officer Director	$0	$0	$0
ALICE PITTS	DIRECTOR	1.0	Director	$0	$0	$0
BILY MILICAN	DIRECTOR	1.0	Director	$0	$0	$0
BRUFF SANDERS	DIRECTOR	1.0	Director	$0	$0	$0
DR STACIE MOORE	DIRECTOR	1.0	Director	$0	$0	$0
EDMUND M MILLER	DIRECTOR	1.0	Director	$0	$34,128	$649,874
FRED ZEPPONI III	DIRECTOR	1.0	Director	$0	$0	$0
GEORGE PURNELL	DIRECTOR	1.0	Director	$0	$0	$0
KAREN MOONEY	DIRECTOR	1.0	Director	$0	$0	$0
LISA KLUTTS	DIRECTOR	1.0	Director	$0	$0	$0
RONALD POWELL DO	DIRECTOR	1.0	Director	$0	$0	$0
SONNY JAMESON	DIRECTOR	1.0	Director	$0	$0	$0
BRUCE TOPPIN	SECRETARY	1.0	Officer	$0	$14,992	$682,564
MICHAEL S SPEES	PRESIDENT	0.5	Officer	$0	$27,228	$2,346,750
SHARON NOBLES	TREASURER	1.0	Officer	$0	$29,248	$1,036,770
BARRY KEEL	ADMINISTRATOR	20.0	Key Emp	$372,428	$13,834	$386,262
BYRON K WATSON	PHYSICIAN	40.0	Highest	$324,160	$27,540	$351,700
CLIFTON STORY	PHYSICIAN	40.0	Highest	$334,315	$7,272	$341,587
KENNETH THOMAS	PHYSICIAN	40.0	Highest	$556,537	$6,672	$563,209
STEPHEN WILKERSON	PHYSICIAN	40.0	Highest	$430,774	$12,262	$443,036
WOODROW BRAND	PHYSICIAN	40.0	Highest	$347,853	$7,488	$355,341

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	$66,055,190	$50,636,318	$51,458,086	$15,418,872
2023	$48,876,333	$46,906,177	$46,992,710	$1,970,156
2022	$48,869,621	$44,592,428	$39,018,764	$4,277,193
2021	$44,137,468	$42,635,100	$32,451,174	$1,502,368
2020	$43,713,814	$42,918,986	$33,424,438	$794,828
2019	$48,486,494	$45,259,702	$21,667,501	$3,226,792
2018	$46,619,442	$42,357,477	$19,496,478	$4,261,965

Clay County Medical Corporation