PLANO, TX
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)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.
AS A PARTNER IN THE HEALTHCARE CONTINUUM, THE CONTINUECARE TEAM IS COMMITTED TO ACHIEVING POSITIVE PATIENT OUTCOMES BY DELIVERING APPROPRIATE, SAFE, QUALITY CARE IN AN ETHICAL AND COMPASSIONATE MANNER.
CONTINUECARE HOSPITAL AT PALMETTO HEALTH BAPTIST, INC. (CCH PALMETTO) WAS FORMED TO PROVIDE AN APPROPRIATE VENUE IN THE CONTINUUM OF CARE FOR PATIENTS REQUIRING AN EXTENDED STAY IN AN ACUTE CARE...
CONTINUECARE HOSPITAL AT PALMETTO HEALTH BAPTIST, INC. (CCH PALMETTO) WAS FORMED TO PROVIDE AN APPROPRIATE VENUE IN THE CONTINUUM OF CARE FOR PATIENTS REQUIRING AN EXTENDED STAY IN AN ACUTE CARE SETTING AND WHO RESIDE IN OR AROUND COLUMBIA, SOUTH CAROLINA. CCH PALMETTO WAS ESTABLISHED TO PROVIDE LONG-TERM ACUTE CARE SERVICES TO INDIVIDUALS WITH CRITICAL DISEASE OR DISORDERS INCLUDING BUT NOT LIMITED TO CHRONIC OR ACUTE INFECTION, CARDIOVASCULAR AND RESPIRATORY DISORDERS, POST SURGICAL AND CANCER PATIENTS, AND THOSE WEANABLE PATIENTS DEPENDENT UPON VENTILATOR CARE WHOSE CONDITION IS SO SIGNIFICANT THAT A HOSPITAL STAY OF AT LEAST 14-30 DAYS (AGGREGATE 25 DAYS) IS EXPECTED. THE HOSPITAL INTENDED TO MEET THE MEDICAL, THERAPEUTIC AND FAMILIAL NEEDS OF INDIVIDUALS IN THE COLUMBIA, SOUTH CAROLINA AREA USING AN INTERDISCIPLINARY TEAM APPROACH, EFFECTIVELY IMPLEMENTING A RESPONSIVE CONTINUUM OF CARE. DURING THE FISCAL YEAR ENDED JUNE 30, 2025, CCH PALMETTO'S TOTAL PATIENTS ADMITTED WERE 48 AND THE TOTAL NUMBER OF PATIENT CARE DAYS PROVIDED WERE 2,073. THE AVERAGE DAILY CENSUS WAS 5.7 AND THE AVERAGE LENGTH OF STAY OF THE DISCHARGED PATIENTS WAS 37.5 DAYS. ON DECEMBER 3, 2024, CCH PALMETTO DISCHARGED ITS LAST PATIENT. THE HOSPITAL SOLD ITS LICENSE AND CERTAIN OTHER ASSETS ON FEBRUARY 7, 2025. THE ENTITY IS CURRENTLY WINDING DOWN ITS AFFAIRS.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 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% |
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
Sign In| 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 |
| 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 |
Compare ContinueCare Hospital at Palmetto Health Baptist Inc with other nonprofits in Texas and across the country.