FORT MORGAN COMMUNITY HOSPITAL ASSO (EIN 846028507) - 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

1943

Legal Domicile

Principal Officer

ABE JOHNSON

Phone

9708677860

Tax Period

2024-01-01 to 2024-12-31

FORT MORGAN COMMUNITY HOSPITAL ASSO, founded in 1943, is a small nonprofit in the Health Care sector that reported $398K in total revenue in fiscal year 2024. Revenue fell 60% from the prior year — a significant decline worth monitoring. Expenses of $558K exceeded revenue, resulting in a 40% operating deficit.

Mission

TO PROVIDE A HOSPITAL FACILITY AND TO MAKE UPGRADES TO THE HOSPITAL FACILITY SO THAT IT MAY PROVIDE PRIMARY AND EMERGENCY CARE TO THE CITIZENS OF THE COMMUNITY.

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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 (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $0

Investment Income $31,723

Other Revenue $366,631

TOTAL REVENUE $398,354

Expense Breakdown

Grants Paid $0

Salaries & Benefits $51,672

Fundraising Expenses $0

Program Expenses $476,750

Other Expenses $506,263

TOTAL EXPENSES $557,935

Year-over-Year Comparison

	2024	2023	Change
Revenue	$398,354	$995,834	-0.6%
Expenses	$557,935	$548,592	+0.0%
Net Income	$-159,581	$447,242	-1.4%

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

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ABE JOHNSON	PRESIDENT	1.00	Officer Director	$0	$0	$0
CAMERON ARMAGOST	VICE PRESIDE	1.00	Officer Director	$0	$0	$0
KC SAILSBERY	SECRETARY	1.00	Officer Director	$0	$0	$0
JULIE GLENN	TREASURER	1.00	Officer Director	$0	$0	$0
KIM PREVOST	FOUNDATION R	1.00	Officer Director	$0	$0	$0
CAROL JOHNSON	BOARD MEMBER	1.00	Director	$0	$0	$0
MONTY THOMAS	BOARD MEMBER	1.00	Director	$0	$0	$0
RAY LAWS	BOARD MEMBER	1.00	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	$398,354	$557,935	$11,504,952	$-159,581
2023	$995,834	$548,592	$12,136,851	$447,242
2022	$638,031	$528,612	$12,251,180	$109,419
2021	$511,912	$530,127	$12,614,781	$-18,215
2020	$391,304	$547,476	$13,002,289	$-156,172
2019	$268,203	$254,367	$13,635,732	$13,836
2018	$280,001	$264,029	$14,141,671	$15,972

FORT MORGAN COMMUNITY HOSPITAL ASSO