COALFIELDS HEALTH FOUNDATION 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

2017

Legal Domicile

Principal Officer

WJ KIRK STORY

Phone

3049524864

Tax Period

2023-01-01 to 2023-12-31

COALFIELDS HEALTH FOUNDATION INC, founded in 2017, is a small nonprofit in the Housing & Shelter sector that reported $857K in total revenue in fiscal year 2023. Revenue surged 586% from the prior year, signaling strong growth momentum. The organization ran a surplus of $812K, a strong 95% operating margin.

Mission

Develop projects to serve our Appalachian region's health and health related needs. First project: raise 12.5 million in capital, and 4 million in operating and endowment funds to build and operate an affordable assisted living facility(ALF) to provide retirement housing and health related services. Our Appalachian seniors average household income is 44% lower than the average household income for seniors in Virginia and 35% lower than the average household income for seniors in the United States. Successful fundraising will enable us to offer assisted living services for almost 40% less than the average ALF rates in southwest Virginia.

Program Service Accomplishments

Program 1

Expenses: $5,731 Revenue: $0

Annual updating of the project business plan, demographics and feasibility study with the latest data, for example, the latest American community survey from the US Census; preparing loan closing...

Annual updating of the project business plan, demographics and feasibility study with the latest data, for example, the latest American community survey from the US Census; preparing loan closing documents for our $700,000 forgivable loan for this project; working with our architects on the initial utility infrastructure design for the project site; negotiate a lease agreement with Buchanan General Hospital for the property where our project will be located, including in this agreement, the 3.5 million matching grant from the hospital; develop and negotiate an agreement with Pride Philanthropy for them to complete a community capital campaign feasibility study; identifying, recruiting and scheduling community members to participate in the Campaign interviews, developing/adapting documents needed for this feasibility study, holding progress meetings with Pride Philanthopy staff; working with the management company draft management agreements for their management and operation of our assisted-living facility once it is built; wotking with the mgmt company on our financial projections for the assisted living facility's first five years of operations.

Program 2

Expenses: $0 Revenue: $0

All our work is focused on the affordable assisted-living project

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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 $845,053

Program Service Revenue $0

Investment Income $0

Other Revenue $12,000

TOTAL REVENUE $857,053

Expense Breakdown

Grants Paid $0

Salaries & Benefits $18,750

Fundraising Expenses $37,819

Program Expenses $5,731

Other Expenses $187

TOTAL EXPENSES $45,437

Year-over-Year Comparison

	2023	2022	Change
Revenue	$857,053	$125,001	+5.9%
Expenses	$45,437	$249	+181.5%
Net Income	$811,616	$124,752	+5.5%

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

Total Directors

Key Employees

$18,750

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
WJ KIRK STORY	Chief operating officer and chief financial officer	20.0	Key Emp	$18,750	$0	$18,750
Harry Presley	Chairman of the board	0.35	Officer Director	$0	$0	$0
Carroll Branham	Vice chair of the board	0.35	Officer Director	$0	$0	$0
James Wayne Childress	Treasurer of the board	0.6	Officer Director	$0	$0	$0
Craig Horn	Director	0.35	Director	$0	$0	$0
Willis Smith	Director	0.35	Director	$0	$0	$0
Danny Elswick	Director emeritus	0.35	Director	$0	$0	$0
Scott M Pittman	Chief executive officer and board secretary	8.0	Officer Key Emp	$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
2025	No data	No data	No data	No data
2024	No data	No data	No data	No data
2023	$857,053	$45,437	$895,903	$811,616