ROY LAIRD MEMORIAL HOSPITAL TRUST

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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

1957

Legal Domicile

Principal Officer

VERABANK NA

Phone

9032321696

Tax Period

2024-03-01 to 2025-02-28

ROY LAIRD MEMORIAL HOSPITAL TRUST, founded in 1957, is a community nonprofit in the Health Care sector that reported $1.6M in total revenue in fiscal year 2024. Revenue surged 38% from the prior year, signaling strong growth momentum. Expenses of $1.4M left a modest 15% surplus.

Mission

SUPPORTS THE ROY H LAIRD HOSPITAL FOUNDATION, INC., WHICH PROVIDES MEDICAL HEALTH CARE IN THE AREA OF KILGORE, TEXAS

Program Service Accomplishments

Program 1

Expenses: $1,229,333

PER THE COURT ORDER, INCOME FROM THE TRUST IS TO BE DISTRIBUTED TO THEROY H LAIRD MEMORIAL HOSPITAL FOUNDATION TO BE USED TO PROMOTE, FOSTER,FACILITATE AND SUPPORT THE DELIVERY OF HEALTHCARE SERVICES...

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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 $0

Investment Income $604,683

Other Revenue $1,009,794

TOTAL REVENUE $1,614,477

Expense Breakdown

Grants Paid $1,185,706

Salaries & Benefits $174,506

Fundraising Expenses $0

Program Expenses $1,229,333

Other Expenses $19,155

TOTAL EXPENSES $1,379,367

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,614,477	$1,173,986	+0.4%
Expenses	$1,379,367	$1,046,604	+0.3%
Net Income	$235,110	$127,382	+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

Governance

Voting Members

Independent Members

N/A

Employees

N/A

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
VERABANK NA	Trustee	2.00		$174,506	$0	$174,506

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	$1,614,477	$1,379,367	$18,229,949	$235,110
2024	$1,173,986	$1,046,604	$17,646,511	$127,382
2023	$1,027,157	$1,187,505	$15,704,991	$-160,348
2022	$1,484,241	$1,088,395	$17,020,951	$395,846
2021	$1,882,440	$629,066	$16,044,989	$1,253,374
2020	$1,204,282	$1,008,297	$13,177,386	$195,985