ST LUKE 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

Formation Year

2002

Legal Domicile

Principal Officer

NORMAN PRICE

Phone

6012491176

Tax Period

2024-10-01 to 2025-09-30

ST LUKE FOUNDATION, founded in 2002, is a mid-sized nonprofit in the Health Care sector that reported $14.7M in total revenue in fiscal year 2024. Revenue decreased 15% compared to the prior year. Net assets of $32.1M represent 26 months of operating reserves.

Mission

THE ST. LUKE FOUNDATION IS A NON-PROFIT CORPORATION AND SOLE OWNER OF ST. LUKE HOME HEALTH SERVICES LLC, WHICH PROVIDES HOME HEALTH CARE TO THE SOUTHWEST MISSISSIPPI COMMUNITY. THE FOUNDATION ALSO PROVIDES CHARITY CARE TO PATIENTS WHO ARE UNABLE TO PAY.

Program Service Accomplishments

Program 1

Expenses: $10,379,511 Revenue: $14,610,102

FORMED FOR THE PURPOSE OF PROVIDING HOME HEALTH CARE AND CLINICAL SERVICES TO THE SOUTHWEST MISSISSIPPI COMMUNITY.

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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 (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $13,745,937

Investment Income $55,128

Other Revenue $864,165

TOTAL REVENUE $14,665,230

Expense Breakdown

Grants Paid $0

Salaries & Benefits $9,415,262

Fundraising Expenses $0

Program Expenses $10,379,511

Other Expenses $5,247,042

TOTAL EXPENSES $14,662,304

Year-over-Year Comparison

	2024	2023	Change
Revenue	$14,665,230	$17,258,644	-0.2%
Expenses	$14,662,304	$14,850,667	0.0%
Net Income	$2,926	$2,407,977	-1.0%

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

175

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

$478,547

Total Directors

$930,273

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
NORMAN PRICE	PRESIDENT	25.00	Officer Director	$0	$0	$252,666
MALLORY GINN	SECRETARY/TREASURER	4.00	Officer Director	$0	$0	$225,881
DR KEVIN RICHARDSON	DIRECTOR	1.00	Director	$0	$0	$451,726
DEBRA MOORE	DIRECTOR	0.00	Director	$0	$0	$0
CLINT DILLON	DIRECTOR	0.00	Director	$0	$0	$0
CINDY JOHNS	DIRECTOR	0.00	Director	$0	$0	$0
BRENDA HALL	DIRECTOR	0.00	Director	$0	$0	$0
CLAY ENGLISH	PHYSICAL THERAPIST	40.00	Highest	$122,507	$0	$122,507
JAMES D MAY	PHYSICAL THERAPIST	40.00	Highest	$163,722	$0	$163,722
CHRISTOPHER THOMPSON	PHYSICAL THERAPIST	40.00	Highest	$251,507	$0	$251,507
MATTHEW MATTOX	PHYSICAL THERAPIST	40.00	Highest	$148,413	$0	$148,413
BRIAN WALLACE	PHYSICAL THERAPIST	40.00	Highest	$118,050	$0	$118,050

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
2025	$14,665,230	$14,662,304	$34,856,136	$2,926
2024	$17,258,644	$14,850,667	$36,382,652	$2,407,977
2023	$16,141,792	$12,152,919	$34,654,309	$3,988,873
2022	$14,765,981	$14,451,090	$37,633,920	$314,891
2021	$17,739,199	$12,816,603	$33,823,952	$4,922,596
2020	$14,294,983	$11,583,094	$30,379,857	$2,711,889
2019	$11,484,899	$9,899,670	$25,554,769	$1,585,229
2018	$10,201,690	$9,477,888	$22,820,256	$723,802