Phillips County Healthcare Foundation (EIN 841273537) - 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

2004

Legal Domicile

Principal Officer

Paula Carper

Phone

9708542241

Tax Period

2023-01-01 to 2023-12-31

Phillips County Healthcare Foundation, founded in 2004, is a small nonprofit in the Philanthropy & Grantmaking sector that reported $207K in total revenue in fiscal year 2023. Revenue grew 14% year-over-year, indicating healthy expansion. The organization ran a surplus of $91K, a strong 44% operating margin.

Mission

Our mission is to enhance quality of life increase community generosity in the community served by Melissa Memorial Hospital. We also assist in bringing doctors to rural Colorado.

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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 $190,885

Program Service Revenue $0

Investment Income $15,701

Other Revenue $0

TOTAL REVENUE $206,586

Expense Breakdown

Grants Paid $0

Salaries & Benefits $20,207

Fundraising Expenses $0

Program Expenses $115,803

Other Expenses $95,596

TOTAL EXPENSES $115,803

Year-over-Year Comparison

	2023	2022	Change
Revenue	$206,586	$181,630	+0.1%
Expenses	$115,803	$164,500	-0.3%
Net Income	$90,783	$17,130	+4.3%

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

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

$19,000

Total Directors

$24,700

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Penny Bailey	Executive Director	020.00	Officer Director	$19,000	$0	$19,000
Kathleen Lueth	Treasurer	004.00	Director	$5,700	$0	$5,700
Kim ONeill	Vice President	001.00	Director	$0	$0	$0
Paula Carper	Director	001.00	Officer Director	$0	$0	$0
Alison Fust	Director	001.00	Director	$0	$0	$0
Sarah Bornhoft	President	001.00	Director	$0	$0	$0
Carrie Waln	Secretary	001.00	Director	$0	$0	$0
Jon Kleve	Director	001.00	Director	$0	$0	$0
Joe Krogmeier	Director	001.00	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	$206,586	$115,803	$408,627	$90,783
2022	$181,630	$164,500	$318,718	$17,130
2021	$196,630	$175,597	$300,147	$21,033
2020	$236,947	$261,152	$279,105	$-24,205
2019	$315,252	$305,332	$302,983	$9,920
2018	$157,841	$92,577	$292,955	$65,264

Phillips County Healthcare Foundation