CROSSETT HEALTH FOUNDATION DBA ASH… - 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

1963

Legal Domicile

Phone

8703641280

Tax Period

2023-10-01 to 2024-09-30

CROSSETT HEALTH FOUNDATION DBA ASHLEY COUNTY MEDICAL CENTER, founded in 1963, is a mid-sized nonprofit in the Health Care sector that reported $38.6M in total revenue in fiscal year 2023. Revenue decreased 8% compared to the prior year.

Mission

TO PROMOTE GOOD HEALTH AND PROVIDE QUALITY HEALTHCARE WITH A QUALIFIED STAFF IN A CARING AND COMPASSIONATE MANNER.

Program Service Accomplishments

Program 1

Expenses: $29,642,302

THROUGH THE HOSPITAL, STATE-OF-THE-ART MEDICAL CARE WAS PROVIDED TO THE RESIDENTS OF CROSSETT AND ASHLEY COUNTY. THIS CARE INCLUDED APPROXIMATELY 4,054 PATIENT DAYS OF CARE TO 1,047 TOTAL PATIENT...

THROUGH THE HOSPITAL, STATE-OF-THE-ART MEDICAL CARE WAS PROVIDED TO THE RESIDENTS OF CROSSETT AND ASHLEY COUNTY. THIS CARE INCLUDED APPROXIMATELY 4,054 PATIENT DAYS OF CARE TO 1,047 TOTAL PATIENT DISCHARGES.

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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 $572,057

Program Service Revenue $34,708,121

Investment Income $22,244

Other Revenue $3,262,615

TOTAL REVENUE $38,565,037

Expense Breakdown

Grants Paid $6,000

Salaries & Benefits $22,670,798

Fundraising Expenses $0

Program Expenses $29,642,302

Other Expenses $17,284,860

TOTAL EXPENSES $39,961,658

Year-over-Year Comparison

	2023	2022	Change
Revenue	$38,565,037	$42,037,521	-0.1%
Expenses	$39,961,658	$41,688,092	0.0%
Net Income	$-1,396,621	$349,429	-5.0%

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

405

Volunteers

267

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

$222,852

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
LON BITZER	PHYSICIAN	40.00		$503,442	$0	$503,442
WARREN MACDONALD	PHYSICIAN	40.00		$499,953	$0	$499,953
GREG RABALAIS	MD	40.00		$392,952	$0	$392,952
KENNETH PRATHER	PHYSICIAN	40.00		$340,218	$0	$340,218
FELICIA BROWN	PHYSICIAN	40.00		$314,237	$0	$314,237
PHILLIP GILMORE	CEO	40.00	Officer	$222,852	$0	$222,852
JERRY SHELBY	Chairman	0.50	Officer Director	$0	$0	$0
BRUCE TIMMONS	Vice Chairman	0.50	Officer Director	$0	$0	$0
JAMES PHIFER	Secretary/Tres	0.50	Officer Director	$0	$0	$0
RICKY NELMS	BOARD MEMBER	0.50	Director	$0	$0	$0
DR BEN WALSH	Board Member	0.50	Director	$0	$0	$0
STEVE HARTSHORN	Board Member	0.50	Director	$0	$0	$0
JENNIFER KING	BOARD MEMBER	0.50	Director	$0	$0	$0

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	$38,565,037	$39,961,658	$21,120,768	$-1,396,621
2023	$42,037,521	$41,688,092	$23,100,195	$349,429
2022	$42,261,153	$43,407,600	$23,994,810	$-1,146,447
2021	$43,338,638	$42,339,102	$23,564,892	$999,536
2020	$39,695,699	$37,837,616	$25,393,510	$1,858,083
2019	$36,590,847	$36,506,768	$17,443,331	$84,079
2018	$35,592,251	$36,191,673	$18,317,116	$-599,422

CROSSETT HEALTH FOUNDATION DBA ASHLEY COUNTY MEDICAL CENTER