Athol Memorial Hospital NMTC Holdi… - Form 990 Financial Data

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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

2017

Legal Domicile

Principal Officer

Rozanna Penney

Phone

9786306106

Tax Period

2023-10-01 to 2024-09-30

Athol Memorial Hospital NMTC Holdings, founded in 2017, is a micro nonprofit in the Health Care sector that reported $77K in total revenue in fiscal year 2023. Revenue fell 88% from the prior year — a significant decline worth monitoring.

Mission

To support the operations and purposes of Athol Memorial Hospital, including leasing land, constructing a new medical office building and emergency room, purchasing equipment and leasing office space to medical offices.

Program Service Accomplishments

Program 1

Revenue: $77,252

The specific purpose of the corporation is limited to the support of the operations and purposes of Athol Memorial Hospital, a MA non-profit tax-exempt hospital. Such support shall include (I)...

The specific purpose of the corporation is limited to the support of the operations and purposes of Athol Memorial Hospital, a MA non-profit tax-exempt hospital. Such support shall include (I) leasing land from AMH, (II) designing, permitting, and constructing a new medical office building on the land, comprised of an emergency department, physician practice space and lobby. Additional commercial office space, parking areas adjacent to the MOB, and utilities and other infrastructure. (III) Renovating the AMH Imaging Department, (IV) aquiring certain medical equipment, (V) leasing the ED, physician practice space, the parking areas and equipment to AMH, (VI) leasing the additional office space and parking areas to a non-profit, tax-exempt corporation, and (VII) all other purposes permitted by law that further the corporation's support of AMH.

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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 (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $0

Investment Income $0

Other Revenue $77,252

TOTAL REVENUE $77,252

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $0

TOTAL EXPENSES $0

Year-over-Year Comparison

	2023	2022	Change
Revenue	$77,252	$644,211	-0.9%
Expenses	N/A	$720,734	-1.0%
Net Income	N/A	$-76,523	N/A

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

N/A

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

$770,150

Total Directors

$2,504,543

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Rozanna Penney	President/CEO	0.20	Officer Director	$0	$9,541	$374,784
Robert Chauvin	Chairman	0.20	Officer Director	$0	$0	$0
Roy Lake	Vice Chairman	0.20	Officer Director	$0	$0	$0
JoAnne Parks	Clerk	0.20	Officer Director	$0	$0	$0
Joyce Fletcher	Trustee	0.20	Director	$0	$0	$0
Frank Garofalo	Trustee	0.20	Director	$0	$32,543	$536,249
Glenn Hunt	Trustee	0.20	Director	$0	$0	$0
Thomas Kane	Trustee	0.20	Director	$0	$0	$0
Nicole Moorshead	Trustee	0.20	Director	$0	$0	$0
Craig Napolitano	Trustee	0.20	Director	$0	$31,113	$598,628
Elizabeth Nottleson	Trustee	0.20	Director	$0	$11,600	$354,307
Erin O'Hara	Trustee	0.20	Director	$0	$31,933	$640,575
Michele Parker	Trustee	0.20	Director	$0	$0	$0
Albert Rose	Trustee	0.20	Director	$0	$0	$0
Tina Sbrega	Trustee	0.20	Director	$0	$0	$0
Joel Shaughnessy	Trustee	0.20	Director	$0	$0	$0
John Skrzypczak	Trustee	0.20	Director	$0	$0	$0
David Spackman	Trustee	0.20	Director	$0	$0	$0
Frank Sweeney	Trustee	0.20	Director	$0	$0	$0
Craig Twohey	Trustee	0.20	Director	$0	$0	$0
John Bujak	CFO	0.20	Officer	$0	$18,723	$188,689
Thomas Sullivan	Treasurer/Past CEO & CFO	0.20	Officer	$0	$0	$206,677
Winfield Brown	Former President/CEO	0.00		$0	$26,970	$552,753

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	$77,252	No data	$17,406,239	No data
2023	$644,211	$720,734	$17,695,224	$-76,523
2022	$701,643	$694,214	$18,669,976	$7,429
2021	$919,979	$747,098	$19,292,712	$172,881
2020	$588,504	$204,362	$19,611,581	$384,142

Athol Memorial Hospital NMTC Holdings