FLOYD-POLK HEALTHCARE FOUNDATION IN

EIN: 872546864 501(c)(3) Health Care

ROME, GA

Total Revenue
$12,803,745
Total Expenses
$1,257,564
Total Assets
$186,668,999
Net Assets
$186,668,999
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2021
Legal Domicile
GA
Principal Officer
MARY HELEN HEANER
Phone
7065093287
Tax Period
2023-01-01 to 2023-12-31

FLOYD-POLK HEALTHCARE FOUNDATION IN, founded in 2021, is a mid-sized nonprofit in the Health Care sector that reported $12.8M in total revenue in fiscal year 2023. Revenue fell 92% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $11.5M, a strong 90% operating margin.

Mission

THE FLOYD-POLK HEALTHCARE FOUNDATION, INC. (THE "FOUNDATION"), IS ORGANIZED AND OPERATED EXCLUSIVELY FOR THE BENEFIT OF, TO PERFORM THE FUNCTIONS OF AND TO CARRY OUT THE PURPOSES OF FLOYD HEALTHCARE MANAGEMENT, INC., POLK MEDICAL CENTER, INC., THE HOSPITAL AUTHORITY OF FLOYD COUNTY AND THE CEDARTOWN-POLK COUNTY HOSPITAL AUTHORITY. THE FOUNDATION WILL PROMOTE THE HEALTH OF THE COMMUNITIES SERVED BY EACH OF THE SUPPORTED ORGANIZATIONS, PROVIDE RELIEF TO THE POOR, DISTRESSED AND UNDERPRIVILEGED AND LESSEN THE BURDENS OF GOVERNMENT BY ENGAGING IN ACTIVITIES SUCH AS THE FOLLOWING: 1) PROVIDING FUNDING TO THE SUPPORTED ORGANIZATIONS TO ESTABLISH OR EXPAND PROGRAMS THAT ADDRESS HEALTH DISPARITIES; 2) MAKING CONTRIBUTIONS TO THE SUPPORTED ORGANIZATIONS TO FACILITATE THE DELIVERY OF HEALTHCARE SERVICES TO THE UNDERINSURED OR UNINSURED; AND 3) SAFEGUARDING ASSETS TO ENSURE THE CONTINUED OPERATION OF FLOYD MEDICAL CENTER AND POLK MEDICAL CENTER.

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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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $8,926,741
Program Service Revenue $0
Investment Income $3,877,004
Other Revenue $0
TOTAL REVENUE $12,803,745

Expense Breakdown

Grants Paid $670,000
Salaries & Benefits $180,582
Fundraising Expenses $0
Program Expenses $850,582
Other Expenses $406,982
TOTAL EXPENSES $1,257,564

Year-over-Year Comparison

2023 2022 Change
Revenue $12,803,745 $155,664,307 -0.9%
Expenses $1,257,564 $283,210 +3.4%
Net Income $11,546,181 $155,381,097 -0.9%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Liquidity & Cash Position

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Governance

Voting Members
16
Independent Members
11
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
16
$3,026,993
Total Directors
18
$2,576,307
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
KURT STEUNKEL SECRETARY 1.00
Officer Director
$0 $52,834 $1,697,674
BRIDGETTE DINGLE MD TRUSTEE 1.00
Officer Director
$0 $63,786 $536,363
PHILIP WHEELER CFO 1.00
Officer
$0 $38,095 $451,911
NEIL GORDON MD TRUSTEE 1.00
Officer Director
$0 $39,152 $323,706
KAY CHUMBLER TRUSTEE 1.00
Officer Director
$0 $0 $10,054
DAVID JOHNSON TRUSTEE 1.00
Officer Director
$0 $0 $6,035
W FRANK SHELLEY TRUSTEE(TERM N/A
Officer Director
$0 $0 $1,250
DENISE DOWNER-MCKINNEY TRUSTEE 1.00
Director
$0 $0 $1,225
LAURIE ATKINS TRUSTEE 1.00
Officer Director
$0 $0 $0
DAN BAKER TRUSTEE 1.00
Officer Director
$0 $0 $0
JOEY BALDWIN TRUSTEE 1.00
Officer Director
$0 $0 $0
ROGER GOSS TREASURER 1.00
Officer Director
$0 $0 $0
MARY HELEN HEANER CHAIR/PRESID 1.00
Officer Director
$0 $0 $0
DONALD JONAS TRUSTEE 1.00
Officer Director
$0 $0 $0
HIMANSHU PATEL MD TRUSTEE(TERM N/A
Officer Director
$0 $0 $0
STEPHEN R BRIGGS MD TRUSTEE 1.00
Director
$0 $0 $0
CHANTZ MCCLINIC TRUSTEE 1.00
Officer Director
$0 $0 $0
MARY MILLER TRUSTEE 1.00
Director
$0 $0 $0
CHRIS TWYMAN TRUSTEE 1.00
Director
$0 $0 $0
PAUL C WHITE PRESIDENT 40.00
Officer
$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 $12,803,745 $1,257,564 $186,668,999 $11,546,181
2022 $155,664,307 $283,210 $155,054,894 $155,381,097
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