MISSISSIPPI FOUNDATION FOR MEDICAL CARE INC (EIN 237271055) - 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

1971

Legal Domicile

Principal Officer

THOMAS GARNER

Phone

6019571575

Tax Period

2020-07-01 to 2021-06-30

MISSISSIPPI FOUNDATION FOR MEDICAL CARE INC, founded in 1971, is a community nonprofit that reported $1.3M in total revenue in fiscal year 2020. Revenue fell 37% from the prior year — a significant decline worth monitoring. Expenses of $1.6M exceeded revenue, resulting in a 20% operating deficit.

Mission

TO SERVE AS THE STATE OF MISSISSIPPI'S PRIMARY QUALITY IMPROVEMENT ORGANIZATION (QIO) FOR THE MEDICARE PROGRAM, AS WELL AS FOR CERTAIN OTHER HEALTH PROGRAMS AND PROVIDERS, BOTH PUBLIC AND PRIVATE.

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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 (2020)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $1,322,317

Investment Income $22,328

Other Revenue $0

TOTAL REVENUE $1,344,645

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,062,621

Fundraising Expenses $0

Program Expenses $1,309,789

Other Expenses $551,863

TOTAL EXPENSES $1,614,484

Year-over-Year Comparison

	2020	2019	Change
Revenue	$1,344,645	$2,132,964	-0.4%
Expenses	$1,614,484	$2,916,208	-0.4%
Net Income	$-269,839	$-783,244	-0.7%

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

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

$182,681

Total Directors

$900

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
STANLEY HARTNESS MD	BOD PRESIDENT	0.01	Director	$200	$0	$200
GERALD WAGES	BOD TREASURER	0.01	Director	$150	$0	$150
BETH EMBRY	DIRECTOR	0.01	Director	$150	$0	$150
J KEITH MANSEL MD	DIRECTOR	0.01	Director	$150	$0	$150
LEIGH ANN ROSS	DIRECTOR	0.01	Director	$50	$0	$50
HELEN TURNER MD	DIRECTOR	0.01	Director	$200	$0	$200
EVELYN WALKER MD	DIRECTOR	0.01	Director	$0	$0	$0
THOMAS GARNER	CFO	41.00	Officer	$0	$20,562	$182,681

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
2021	$1,344,645	$1,614,484	$1,948,413	$-269,839
2020	$2,132,964	$2,916,208	$2,229,438	$-783,244
2019	$4,427,958	$4,465,033	$3,365,713	$-37,075
2018	$4,691,332	$4,382,559	$3,503,094	$308,773

MISSISSIPPI FOUNDATION FOR MEDICAL CARE INC