TMC HEALTHCARE (EIN 202218975) - 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

Phone

5203241048

Tax Period

2023-01-01 to 2023-12-31

TMC HEALTHCARE, founded in 2004, is a mid-sized nonprofit in the Health Care sector that reported $10.1M in total revenue in fiscal year 2023. Revenue surged 201% from the prior year, signaling strong growth momentum. Expenses of $11.3M exceeded revenue, resulting in a 12% operating deficit.

Mission

ASPIRE TO SERVE OUR COMMUNITY BY BEING THE BEST HEALTH SYSTEM AS MEASURED BY THE QUALITY OF CARE WE DELIVER, THE EXPERIENCES WE CREATE AND THE VALUE WE BRING.

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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 $9,625,657

Investment Income $444,213

Other Revenue $1,000

TOTAL REVENUE $10,070,870

Expense Breakdown

Grants Paid $145,347

Salaries & Benefits $4,190,045

Fundraising Expenses $0

Program Expenses $7,851,943

Other Expenses $6,976,810

TOTAL EXPENSES $11,312,202

Year-over-Year Comparison

	2023	2022	Change
Revenue	$10,070,870	$3,344,698	+2.0%
Expenses	$11,312,202	$3,735,592	+2.0%
Net Income	$-1,241,332	$-390,894	+2.2%

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

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

$3,725,828

Total Directors

$1,545,629

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
N/A	CHIEF EXECUTIVE OFFICER	1.0	Officer Director	$0	$65,508	$1,370,629
N/A	TRUSTEE	1.0	Director	$25,000	$0	$25,000
N/A	TRUSTEE	1.0	Director	$25,000	$0	$25,000
N/A	TRUSTEE	1.0	Director	$0	$0	$0
N/A	TRUSTEE	1.0	Director	$25,000	$0	$25,000
N/A	TRUSTEE	1.0	Director	$25,000	$0	$25,000
N/A	TRUSTEE	1.0	Director	$25,000	$0	$25,000
N/A	TRUSTEE	1.0	Director	$25,000	$0	$25,000
N/A	TRUSTEE	1.0	Director	$25,000	$0	$25,000
N/A	CHIEF HUMAN RESOURCE OFFICER	1.0	Officer	$0	$25,632	$457,133
N/A	CHIEF FINANCIAL OFFICER END 09/23	1.0	Officer	$0	$67,025	$557,257
N/A	CHIEF FINANCIAL OFFICER BEG 03/23	1.0	Officer	$0	$92,071	$494,906
N/A	CHIEF LEGAL OFFICER BEG 01/23	1.0	Officer	$0	$148,708	$570,725
N/A	CHIEF LEGAL OFFICER END 01/23	1.0	Officer	$0	$1,306	$275,178

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	$10,070,870	$11,312,202	$42,718,273	$-1,241,332
2022	$3,344,698	$3,735,592	$36,231,093	$-390,894
2021	$4,158	$640	$24,882,338	$3,518
2020	$10,410	$548	$25,026,486	$9,862

TMC HEALTHCARE