ContinueCare Hospital at Palmetto Health Baptist Inc (EIN 813048423) - Form 990 Financial Analysis & Trantor Score

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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

2016

Legal Domicile

Phone

9729436400

Tax Period

2024-07-01 to 2025-06-30

ContinueCare Hospital at Palmetto Health Baptist Inc, founded in 2016, is a community nonprofit in the Health Care sector that reported $2.4M in total revenue in fiscal year 2024. Revenue fell 78% from the prior year — a significant decline worth monitoring. Expenses of $4.7M exceeded revenue, resulting in a 97% operating deficit.

Mission

AS A 'HOSPITAL WITH-IN A HOSPITAL', IT IS THE MISSION OF CCH PALMETTO TO ENHANCE COMMUNITY HEALTH THROUGH SERVICE WITH COMPASSION, CARING, ACCOUNTABILITY, RESPECT, AND EMPATHY.

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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 $2,419,371

Investment Income $-48,976

Other Revenue $3,506

TOTAL REVENUE $2,373,901

Expense Breakdown

Grants Paid $0

Salaries & Benefits $2,330,932

Fundraising Expenses $0

Program Expenses $4,046,858

Other Expenses $2,350,772

TOTAL EXPENSES $4,681,704

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,373,901	$10,683,175	-0.8%
Expenses	$4,681,704	$12,385,868	-0.6%
Net Income	$-2,307,803	$-1,702,693	+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

103

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

$1,881,291

Total Directors

$508,426

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
APRIL MYERS	DIRECTOR/PRESIDENT	0.1	Officer Director	$0	$71,107	$508,426
MICHAEL BUNDY	DIRECTOR (until 12/2024)	1.0	Director	$0	$0	$0
Patrick McElderry	DIRECTOR	1.0	Director	$0	$0	$0
Holly Powell	Interim CEO (until 2/2025)	20.0	Officer	$0	$59,131	$326,239
JAMES HILL	TREASURER	0.4	Officer	$0	$60,342	$512,221
LINDA MOORE	SECRETARY	0.1	Officer	$0	$52,098	$534,405
Ann Marie Leszczynski	REGISTERED NURSE (until 12/2024)	40.0	Highest	$139,010	$18,072	$157,082
Aran Ongtawco	Clinical supervisor (until 12/2024)	40.0	Highest	$113,450	$38,457	$151,907
Lakeshia Cannon	REGISTERED NURSE (until 12/2024)	40.0	Highest	$113,927	$40,543	$154,470
Lydia Maness	Chief Nursing Officer (until 12/2024)	40.0	Highest	$160,712	$33,621	$194,333
Tammy Faulk	REGISTERED NURSE (until 12/2024)	40.0	Highest	$141,979	$0	$141,979

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	$2,373,901	$4,681,704	$9,058	$-2,307,803
2024	No data	No data	No data	No data
2023	$13,264,406	$12,771,233	$6,148,603	$493,173
2022	$13,450,888	$14,122,822	$7,043,310	$-671,934
2021	$13,837,033	$15,392,286	$5,322,582	$-1,555,253
2020	$14,817,715	$14,168,956	$7,429,778	$648,759
2019	$12,332,821	$13,790,288	$4,691,295	$-1,457,467
2019	$12,332,821	$13,790,288	$4,691,295	$-1,457,467
2018	$16,317,954	$19,090,568	$6,802,772	$-2,772,614
2018	$16,317,954	$19,090,568	$6,802,772	$-2,772,614

ContinueCare Hospital at Palmetto Health Baptist Inc