Clay County Memorial Hospital Foundation

EIN: 752425436 501(c)(3)

Henrietta, TX

Total Revenue
$266,911
Total Expenses
$1,126,041
Total Assets
$2,952,884
Net Assets
$1,079,103
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1992
Legal Domicile
TX
Phone
9405385621
Tax Period
2023-01-01 to 2023-12-31

Clay County Memorial Hospital Foundation, founded in 1992, is a small nonprofit that reported $267K in total revenue in fiscal year 2023. Revenue surged 75% from the prior year, signaling strong growth momentum. Expenses of $1.1M exceeded revenue, resulting in a 322% operating deficit.

Mission

THE PURPOSE FOR WHICH THIS CORPORATION IS ORGANIZED IS TO PROVIDE FINANCIAL SUPPORT TO CLAY COUNTY MEMORIAL HOSPITAL TO ENSURE THE HOSPITAL REMAINS OPEN AND THAT PERSONS IN AND AROUND CLAY COUNTY WILL CONTINUE TO RECEIVE APPROPRIATE MEDICAL CARE. THE FOUNDATION WILL ASSIST CLAY COUNTY MEMORIAL HOSPITAL WITH FACILITY MAINTENANCE, IMPROVEMENT PROJECTS, AND PURCHASE OF EQUIPMENT, PHYSICIAN RECRUITMENT, AND OTHER AREAS OF SUPPORT. ALL OF THE PURPOSES INCLUDED IN THE ARTICLES OF INCORPORATION ARE INCLUDED AS THE CORPORATE PURPOSES AS A PART OF THE BY-LAWS.

Program Service Accomplishments

Program 1
Expenses: $1,113,811 Revenue: $109,024

PERFORM DUTIES OF EMPLOYER LEASING AGENT FOR THE CLAY COUNTY MEMORIAL HOSPITAL. THE HOSPITAL IS A GOVERNMENTAL AGENCY OWNED BY CLAY COUNTY.

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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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $57,531
Program Service Revenue $109,024
Investment Income $88,206
Other Revenue $12,150
TOTAL REVENUE $266,911

Expense Breakdown

Grants Paid $0
Salaries & Benefits $1,051,465
Fundraising Expenses $7,242
Program Expenses $1,113,811
Other Expenses $74,576
TOTAL EXPENSES $1,126,041

Year-over-Year Comparison

2023 2022 Change
Revenue $266,911 $152,169 +0.8%
Expenses $1,126,041 $5,758,781 -0.8%
Net Income $-859,130 $-5,606,612 -0.8%
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

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Governance

Voting Members
8
Independent Members
8
Employees
115
Volunteers
10

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
5
$0
Total Directors
8
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
N/A Secretary 0.8
Officer Director
$0 $0 $0
N/A Vice-Chair 0.8
Officer Director
$0 $0 $0
N/A Chair 0.8
Officer Director
$0 $0 $0
N/A DIRECTOR 0.4
Director
$0 $0 $0
N/A DIRECTOR 0.8
Director
$0 $0 $0
N/A DIRECTOR 0.4
Director
$0 $0 $0
N/A DIRECTOR 0.2
Director
$0 $0 $0
N/A DIRECTOR 0.4
Director
$0 $0 $0
N/A Interim CEO 0.3
Officer
$0 $0 $0
N/A CEO Start: 12/2023 0.3
Officer
$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 $266,911 $1,126,041 $2,952,884 $-859,130
2022 $152,169 $5,758,781 $3,752,888 $-5,606,612
2021 $6,143,421 $5,090,428 $3,909,735 $1,052,993
2020 $4,769,122 $6,053,671 $2,567,187 $-1,284,549
2019 $4,694,238 $4,592,295 $2,966,070 $101,943
2018 $4,764,874 $4,554,703 $2,827,119 $210,171
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