The hospital, which reportedly received a $3 million loan to extend the deadline on when it is likely to run out of funds to mid-March, reported net operating income of $1.1 million in December in a Feb. 6 filing.
Expenses for the month did come in at slightly below budget to total $13.8 million, but overall expenses for the fiscal year so far were approximately 10.5 percent higher than in 2021, totaling $79.8 million. The net operating loss for the six months ending Dec. 31 was $1.8 million.
The hospital’s board of directors on Nov. 4 passed a resolution declaring a fiscal emergency, which granted administrators the authority to file Chapter 9 bankruptcy if and when necessary.
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