CUMBERLAND FAMILY MEDICAL CENTER I… - Form 990 Financial Data

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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

2005

Legal Domicile

Principal Officer

RYAN SMITH

Phone

2708642889

Tax Period

2023-01-01 to 2023-12-31

CUMBERLAND FAMILY MEDICAL CENTER INC, founded in 2005, is a major nonprofit in the Health Care sector that reported $109.8M in total revenue in fiscal year 2023. Expenses of $102.5M left a modest 7% surplus.

Mission

TO INCREASE ACCESS TO COMPREHENSIVE PRIMARY AND PREVENTATIVE HEALTH CARE TO ELIMINATE HEALTH DISPARITIES TO THE MEDICALLY UNDERINSURED. WE STRIVE THROUGH CONTINUOUS QUALITY IMPROVEMENT TO MEET THE NEEDS OF THE SERVICE AREA BY PROVIDING PRIMARY PATIENT CARE IN AN ENVIRONMENT THAT FOCUSES ON PREVENTION OF ILLNESS, THEREFORE, IMPROVING THE QUALITY OF LIFE.

Program Service Accomplishments

Program 1

Expenses: $84,226,272 Revenue: $99,258,268

THE PURPOSE OF THE MEDICAL CENTER IS TO OPERATE AS A NONPROFIT CORPORATION ENGAGED IN CHARITABLE ACTIVITIES WITHIN THE MEANING OF SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE OF 1986, AS AMENDED...

THE PURPOSE OF THE MEDICAL CENTER IS TO OPERATE AS A NONPROFIT CORPORATION ENGAGED IN CHARITABLE ACTIVITIES WITHIN THE MEANING OF SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE OF 1986, AS AMENDED, OR THE CORRESPONDING PROVISIONS OF ANY FUTURE U.S. INTERNAL REVENUE LAW (THE "CODE"), TO PROMOTE THE AVAILABILITY OF AND ACCESS TO QUALITY AND AFFORDABLE HEALTH CARE AND RELATED SERVICES TO THE PEOPLE LIVING IN THE MEDICALLY UNDERSERVED AREAS OF ADAIR, ANDERSON, BARREN, BOYLE, CASEY, CLINTON, CUMBERLAND, FRANKLIN, GREEN, HARDIN, HART, KNOX, LARUE, LINCOLN, MARION, MCCREARY, METCALFE, MONROE, NELSON, PULASKI, RUSSELL, OWEN, TAYLOR, WOODFORD, WASHINGTON, WARREN, AND WAYNE COUNTIES IN KENTUCKY. WE PROVIDED QUALITY HEALTH CARE SERVICES TO A TOTAL OF 146,413 PATIENTS WITH A TOTAL OF 684,957 VISITS IN 2023. IN 2023, THE NUMBER OF PATIENTS INCREASED BY 11.02% AND PATIENT VISITS INCREASED BY 44.96%

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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 $9,587,744

Program Service Revenue $92,054,546

Investment Income $932,838

Other Revenue $7,203,722

TOTAL REVENUE $109,778,850

Expense Breakdown

Grants Paid $235,463

Salaries & Benefits $81,282,572

Fundraising Expenses $0

Program Expenses $84,226,272

Other Expenses $21,017,653

TOTAL EXPENSES $102,535,688

Year-over-Year Comparison

	2023	2022	Change
Revenue	$109,778,850	$110,863,214	0.0%
Expenses	$102,535,688	$108,159,818	-0.1%
Net Income	$7,243,162	$2,703,396	+1.7%

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

1230

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

$1,492,803

Total Directors

$14,358

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BECKY RADFORD	TREASURER	1.00	Officer Director	$1,582	$0	$1,582
GARYON SCOTT	BOARD MEMBER	1.00	Director	$1,582	$0	$1,582
JIM FLOWERS	BOARD MEMBER	1.00	Director	$1,338	$0	$1,338
BRIDGET BOOHER	CHAIRPERSON	2.00	Officer Director	$1,460	$0	$1,460
KEITH RIDDLE	VICE CHAIRPERSON	1.00	Officer Director	$1,217	$0	$1,217
TERRY GRIDER	BOARD MEMBER	1.00	Director	$1,217	$0	$1,217
LACEY TERRY	BOARD MEMBER	1.00	Director	$852	$0	$852
PAULA LITTLE	BOARD MEMBER	1.00	Director	$1,338	$0	$1,338
LISA TARTER	BOARD MEMBER	1.00	Director	$1,460	$0	$1,460
JOSH HARDEN	SECRETARY	1.00	Officer Director	$852	$0	$852
ELIZABETH EVERLEY	BOARD MEMBER	1.00	Director	$1,460	$0	$1,460
ERIC LOY MD	CEO/MED DIR/PHYSICIAN	40.00	Officer	$1,259,390	$50,213	$1,309,603
RYAN SMITH	CFO	40.00	Officer	$158,996	$19,093	$178,089
MARK WAINWRIGHT DO	PHYSICIAN	40.00	Highest	$575,536	$37,424	$612,960
STEPHEN HALL MD	PHYSICIAN	40.00	Highest	$589,370	$35,924	$625,294
ANGELA SAXENA MD	PHYSICIAN	40.00	Highest	$525,270	$29,696	$554,966
JOHN BRUNER MD	PHYSICIAN	40.00	Highest	$445,410	$47,810	$493,220
AMANDA HESS MD	PHYSICIAN	40.00	Highest	$508,977	$49,145	$558,122

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	$109,778,850	$102,535,688	$77,855,194	$7,243,162
2022	$110,863,214	$108,159,818	$69,713,449	$2,703,396
2021	$114,273,656	$135,942,458	$65,128,853	$-21,668,802
2020	$101,135,310	$99,573,384	$84,427,430	$1,561,926
2019	$82,996,121	$69,986,574	$81,955,709	$13,009,547
2018	$65,906,572	$50,671,468	$68,093,839	$15,235,104

CUMBERLAND FAMILY MEDICAL CENTER INC