RUSH CARE 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

1993

Legal Domicile

Principal Officer

D LARKIN KENNEDY

Phone

6017039992

Tax Period

2023-01-01 to 2023-12-31

RUSH CARE INC, founded in 1993, is a community nonprofit in the Health Care sector that reported $6.3M in total revenue in fiscal year 2023. Revenue fell 55% from the prior year — a significant decline worth monitoring. Expenses of $12.5M exceeded revenue, resulting in a 99% operating deficit.

Mission

HOSPITAL AND CLINIC PATIENT SERVICE

Program Service Accomplishments

Program 1

Expenses: $8,818,765 Revenue: $6,298,324

THE SPECIALTY HOSPITAL OF MERIDIAN IS A PRIVATELY OWNED, NOT-FOR-PROFIT HEALTHCARE FACILITY PROVIDING ACUTE MEDICAL CARE. AS A LONG-TERM CARE HOSPITAL (LTCH), THE SPECIALTY HOSPITAL OF MERIDIAN (SHM) PROVIDES CONTINUED ACUTE-LEVEL CARE FOR PATIENTS SUFFERING FROM MEDICALLY COMPLEX ILLNESSES. SPECIALTY'S HEALTHCARE PROFESSIONALS WORK HARD TO GENERATE THE HIGHEST POTENTIAL OF OUTCOMES AND MAXIMIZE EACH PATIENT'S FREEDOM AND INDEPENDENCE WHILE INVOLVING THE PATIENT AND FAMILY IN THE TREATMENT PROGRAM. THE SPECIALTY HOSPITAL OF MERIDIAN HAS BEEN PROVIDING SPECIALIZED MEDICAL CARE FOR PATIENTS SINCE 1994. IT OPERATES AS A 49-BED LONG-TERM ACUTE-CARE HOSPITAL AND STRIVES TO DELIVER SUPERIOR HEALTHCARE TO THE COMMUNITIES OF MISSISSIPPI AND SURROUNDING STATES. THERE ARE ONLY EIGHT LONG TERM ACUTE CARE HOSPITALS LOCATED IN MISSISSIPPI, SO THE SPECIALTY HOSPITAL OF MERIDIAN FILLS A UNIQUE AND IMPORTANT NICHE IN THE SPECTRUM OF INPATIENT CARE.

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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 $6,298,324

Investment Income $454

Other Revenue $4,912

TOTAL REVENUE $6,303,690

Expense Breakdown

Grants Paid $0

Salaries & Benefits $4,053,575

Fundraising Expenses $0

Program Expenses $8,818,765

Other Expenses $8,487,456

TOTAL EXPENSES $12,541,031

Year-over-Year Comparison

	2023	2022	Change
Revenue	$6,303,690	$14,115,736	-0.6%
Expenses	$12,541,031	$18,704,396	-0.3%
Net Income	$-6,237,341	$-4,588,660	+0.4%

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

$1,396,022

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CAROL SMITH	BOARD MEMBER	1.00	Director	$0	$0	$0
ANN ALEXANDER	BOARD MEMBER	1.00	Director	$0	$0	$0
BILLY PIERCE	BOARD MEMBER	1.00	Director	$0	$0	$0
JAMES PURVIS	BOARD MEMBER	1.00	Director	$0	$0	$0
FRED BLACKLEDGE	BOARD MEMBER	1.00	Director	$0	$0	$0
JAMES GRANGER	BOARD MEMBER	1.00	Director	$0	$0	$0
BETTY VISE	BOARD MEMBER	1.00	Director	$0	$0	$0
D LARKIN KENNEDY	OFFICER	1.00	Officer	$0	$54,090	$669,893
J ALLEN TYRA	OFFICER	1.00	Officer	$0	$23,546	$374,098
DAVID BUTLER	OFFICER	1.00	Officer	$0	$21,709	$352,031
FREDERICK DUGGAN MD	FORMER OFFICER	0.00		$0	$27,383	$840,103
CRYSTAL BROWN	FORMER HIGHEST COMP - RN	0.00		$0	$10,058	$120,215
CHARLENE HUDDLESTON	FORMER HIGHEST COMP - RN	0.00		$0	$12,240	$114,092
DONNA CLARK	FORMER HIGHEST COMP - RN	0.00		$0	$7,628	$119,163

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	No data	No data	No data	No data
2023	$6,303,690	$12,541,031	$1,218,538	$-6,237,341
2022	$14,115,736	$18,704,396	$5,899,832	$-4,588,660
2021	$16,929,322	$19,950,107	$36,015,536	$-3,020,785
2020	$19,060,773	$19,529,445	$33,268,468	$-468,672
2019	$36,446,710	$26,867,360	$33,204,957	$9,579,350
2018	$32,738,418	$32,409,971	$28,468,456	$328,447