TOWNSEND HEALTH SYSTEMS INC

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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

1980

Legal Domicile

Principal Officer

JUSTIN TIFFANY

Phone

4062663186

Tax Period

2022-07-01 to 2023-06-30

TOWNSEND HEALTH SYSTEMS INC, founded in 1980, is a community nonprofit that reported $9.8M in total revenue in fiscal year 2022. Revenue fell 31% from the prior year — a significant decline worth monitoring.

Mission

THE DELIVERY OF HEALTHCARE SERVICES, THE CONDUCT OF MEDICAL RESEARCH, THE FURTHERANCE OF HEALTH EDUCATION AND THE PROMOTION OF GENERAL HEALTH IN TOWNSEND AND THE SURROUNDING AREA.

Program Service Accomplishments

Program 1

Expenses: $6,846,598 Revenue: $9,614,589

TO PROVIDE QUALITY HEALTHCARE REGARDLESS OF RACE, CREED, SEX NATIONAL ORIGIN, HANDICAP, OR ABILITY TO PAY AND SERVE THE SURROUNDING AREA BY PROVIDING HEALTHCARE SERVICES AND EDUCATION TO ALL...

TO PROVIDE QUALITY HEALTHCARE REGARDLESS OF RACE, CREED, SEX NATIONAL ORIGIN, HANDICAP, OR ABILITY TO PAY AND SERVE THE SURROUNDING AREA BY PROVIDING HEALTHCARE SERVICES AND EDUCATION TO ALL COMMUNITY MEMBERS.

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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 (2022)

Revenue Breakdown

Contributions & Grants $167,136

Program Service Revenue $9,533,846

Investment Income $38

Other Revenue $81,223

TOTAL REVENUE $9,782,243

Expense Breakdown

Grants Paid $0

Salaries & Benefits $5,272,576

Fundraising Expenses $0

Program Expenses $6,846,598

Other Expenses $5,274,077

TOTAL EXPENSES $10,546,653

Year-over-Year Comparison

	2022	2021	Change
Revenue	$9,782,243	$14,089,058	-0.3%
Expenses	$10,546,653	$10,633,245	0.0%
Net Income	$-764,410	$3,455,813	-1.2%

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

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

$278,311

Total Directors

$669,038

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
PHILIP HESS	MEDICAL DIRECTOR	40.0	Director	$282,842	$9,750	$292,592
HOLLY HOFFMAN	PHYSICIAN	40.0	Highest	$257,219	$23,524	$280,743
KELLEY EVANS	DIRECTOR	1.0	Director	$0	$35,802	$230,149
JENNY CLOWES	CEO	55.0	Officer	$130,782	$32,753	$163,535
DEREK WEISS	ED NONPHYSICIAN	40.0	Highest	$114,964	$25,939	$140,903
KRISTY BOESE	ED NONPHYSICIAN	40.0	Highest	$134,017	$6,850	$140,867
CASEY SCHANZ	PHYSICIAN ASSISTANT	40.0	Highest	$127,111	$11,358	$138,469
JOAN MCMAHON	PHYSICIAN	40.0	Highest	$129,780	$0	$129,780
GARY HAMILTON	VICE PRESIDENT	1.0	Officer Director	$0	$26,553	$114,776
AMBERLY PAHUT	DIRECTOR	1.0	Director	$0	$3,168	$31,521
BRAD CAMPBELL	DIRECTOR	1.0	Director	$0	$0	$0
JORJA MUNNS	SECRETARY/ TREASURER	1.0	Officer Director	$0	$0	$0
KATHY BLAIR	DIRECTOR	1.0	Director	$0	$0	$0
MICHELLE BARSTAD	DIRECTOR	1.0	Director	$0	$0	$0
WILLIAM UPTHEGROVE	PRESIDENT	1.0	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	$9,782,243	$10,546,653	$11,843,486	$-764,410
2023	$5,912,094	$5,234,077	$13,044,106	$678,017
2022	$14,089,058	$10,633,245	$11,654,094	$3,455,813
2021	$11,888,926	$8,024,859	$11,281,591	$3,864,067
2020	$6,927,488	$7,361,905	$6,884,127	$-434,417
2019	$6,443,684	$6,765,818	$3,342,923	$-322,134
2018	$6,965,957	$6,544,169	$3,508,404	$421,788