Fort Morgan Community Hospital Foundation (EIN 840776105) - 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

1978

Legal Domicile

Principal Officer

John Hughes

Phone

7203349185

Tax Period

2023-01-01 to 2023-12-31

Fort Morgan Community Hospital Foundation, founded in 1978, is a micro nonprofit that reported $93K in total revenue in fiscal year 2023. Revenue fell 21% from the prior year — a significant decline worth monitoring. Expenses of $337K exceeded revenue, resulting in a 264% operating deficit.

Mission

To provide support for the Fort Morgan Community Hospital or its successor. This is done by soliciting, receiving and administering fund, including donations, contributions, gifts, grants, and bequests of property, both real and personal.

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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 $92,750

Other Revenue $0

TOTAL REVENUE $92,750

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $290,556

Other Expenses $337,262

TOTAL EXPENSES $337,262

Year-over-Year Comparison

	2023	2022	Change
Revenue	$92,750	$117,004	-0.2%
Expenses	$337,262	$46,877	+6.2%
Net Income	$-244,512	$70,127	-4.5%

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

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Kim Prevost	Trustee	000.50	Director	$0	$0	$0
Geoff Taylor	Trustee	000.50	Director	$0	$0	$0
Roger Segura	Trustee	000.50	Director	$0	$0	$0
Alix Keenan	Secretary/Treasurer	000.50	Officer Director	$0	$0	$0
Andy McClary	Vice President	000.50	Officer Director	$0	$0	$0
Jeff Morford	President	001.00	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	$92,750	$337,262	$7,948,740	$-244,512
2022	$117,004	$46,877	$7,071,563	$70,127
2021	$747,796	$285,697	$8,546,085	$462,099
2020	$28,706	$51,241	$7,860,473	$-22,535
2019	$307,307	$186,641	$6,916,082	$120,666
2018	$258,334	$55,682	$5,862,551	$202,652

Fort Morgan Community Hospital Foundation