DRUMRIGHT MEMORIAL HOSPITAL FOUNDA… - 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

1961

Legal Domicile

Tax Period

2023-01-01 to 2023-12-31

DRUMRIGHT MEMORIAL HOSPITAL FOUNDATION, founded in 1961, is a small nonprofit that reported $885K in total revenue in fiscal year 2023. Revenue surged 21% from the prior year, signaling strong growth momentum. Net assets of $2.6M represent 35 months of operating reserves.

Mission

OWN, MAINTAIN AND SUPPORT A COMMUNITY HOSPITAL AND MEDICAL CLINIC TO ASSIST IN CARING FOR THE SICK AND INFIRM AND TO PROMOTE THE HEALTH OF THE PREDOMINANTLY LOW INCOME COMMUNITY.

Program Service Accomplishments

Program 1

Expenses: $963,798

RESCUED HOSPITAL AND RURAL HEALTH MEDICAL CLINIC FROM RECEIVERSHIP, CONTRACTED WITH OPERATOR TO LEASE AND OPERATE THE FACILITIES AND SUCCESSFULLY PROVIDE QUALITY HEALTH CARE FOR THE COMMUNITY WHICH...

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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 $725

Program Service Revenue $0

Investment Income $4,858

Other Revenue $879,175

TOTAL REVENUE $884,758

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $963,798

Other Expenses $963,798

TOTAL EXPENSES $963,798

Year-over-Year Comparison

	2023	2022	Change
Revenue	$884,758	$729,524	+0.2%
Expenses	$963,798	$786,917	+0.2%
Net Income	$-79,040	$-57,393	+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

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	Role	Reportable Comp	Other Comp	Total
DEBORAH BRIGHT	TRUSTEE	Director	$0	$0	$0
GREGG WILLIAMS	TRUSTEE	Director	$0	$0	$0
JAMIE OSTERHOUT	TRUSTEE	Director	$0	$0	$0
PHIL WAUL	TRUSTEE	Director	$0	$0	$0
WENDELL BOOKOUT	TRUSTEE	Director	$0	$0	$0
DONALD TEMPLE	PRESIDENT-TRUSTEE	Officer Director	$0	$0	$0
DON KIRKLAND	TREASURER-TRUSTEE	Officer 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	No data	No data	No data	No data
2023	$884,758	$963,798	$9,824,361	$-79,040
2022	$729,524	$786,917	$9,978,981	$-57,393
2021	$698,648	$774,866	$10,200,693	$-76,218
2020	$436,900	$500,385	$10,293,421	$-63,485

DRUMRIGHT MEMORIAL HOSPITAL FOUNDATION