RURAL HEALTH NETWORK OF MONROE CO … - Form 990 Financial Data

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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

SCOTT RICKERT

Phone

3055176613

Tax Period

2024-07-01 to 2025-06-30

RURAL HEALTH NETWORK OF MONROE CO INC, founded in 1993, is a community nonprofit in the Health Care sector that reported $3.1M in total revenue in fiscal year 2024. Revenue grew 20% year-over-year, indicating healthy expansion. Expenses of $3.5M exceeded revenue, resulting in a 10% operating deficit.

Mission

THE RURAL HEALTH NETWORK OF MONROE COUNTY, FLORIDA, INC. IS A COMMUNITY BASED, NOT-FOR-PROFIT ORGANIZATION THAT STRIVES TO OPERATE A COMPREHENSIVE, CULTURALLY COMPETENT, HIGH QUALITY HEALTH CARE CENTER FOR MONROE COUNTY, FLORIDA

Program Service Accomplishments

Program 1

Expenses: $2,509,749 Revenue: $1,203,208

OPERATIONALLY, THE RURAL HEALTH NETWORK PROVIDES LEADERSHIP AND GUIDANCE THROUGH JOINT ALLIANCES AND PARTNERSHIPS WITH HEALTHCARE ENTITIES AND PROFESSIONALS IN MONROE COUNTY, FLORIDA. THIS LEADS TO PATIENT OUTCOMES THAT EXCEED THEIR EXPECTATIONS AND SATISFACTION IN BOTH THE MEDICAL AND DENTAL ARENAS.

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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 $1,936,445

Program Service Revenue $1,203,208

Investment Income $10,124

Other Revenue $0

TOTAL REVENUE $3,149,777

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,946,415

Fundraising Expenses $0

Program Expenses $2,509,749

Other Expenses $1,529,677

TOTAL EXPENSES $3,476,092

Year-over-Year Comparison

	2024	2023	Change
Revenue	$3,149,777	$2,627,816	+0.2%
Expenses	$3,476,092	$3,380,195	+0.0%
Net Income	$-326,315	$-752,379	-0.6%

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

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
DR SCOTT RICKERT	CHAIR OF THE BOARD	0.00	Officer Director	$0	$0	$0
DR ALAN TEITELBAUM	VICE CHAIR	0.00	Officer Director	$0	$0	$0
PAT DAVIS	SECRETARY	0.00	Officer Director	$0	$0	$0
ARIDA WRIGHT	MEMBER	0.00	Director	$0	$0	$0
CARL SCHUTZE	MEMBER	0.00	Director	$0	$0	$0
GERRI GATES	MEMBER	0.00	Director	$0	$0	$0
JOHN DICK	MEMBER	0.00	Director	$0	$0	$0
PAULETTE ETTACHILD	MEMBER	0.00	Director	$0	$0	$0
RICK HASKINS	MEMBER	0.00	Director	$0	$0	$0
VICTORIA ASHMORE	TREASURER	0.00	Officer Director	$0	$0	$0
AMY HALSTEAD	CEO	40.00	Highest	$158,702	$0	$158,702
ARTHUR POWELL	PA	40.00	Highest	$110,453	$0	$110,453
TAWEH BEYSOLOW	CMO	40.00	Highest	$104,255	$0	$104,255
MARY TURNER	ARNP	40.00	Highest	$109,695	$0	$109,695
JOHN VALLILEE	DENTIST	1.00	Highest	$150,819	$0	$150,819

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	$3,149,777	$3,476,092	$2,320,776	$-326,315
2024	$2,627,816	$3,380,195	$2,629,240	$-752,379
2023	$3,606,270	$3,269,234	$3,401,729	$337,036
2022	$2,783,978	$2,806,308	$2,696,967	$-22,330
2021	$3,556,063	$2,617,550	$2,718,116	$938,513
2020	$2,511,997	$2,277,852	$1,996,125	$234,145

RURAL HEALTH NETWORK OF MONROE CO INC