Summerdale, AL
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)FAMILY MEDICAL CENTER, founded in 2009, is a small nonprofit in the Health Care sector that reported $186K in total revenue in fiscal year 2023. Revenue decreased 11% compared to the prior year.
To provide the highest quality comprehensive primary healthcare to a diverse population of patients who are uninsured and underinsured. To help relieve the medical costs of the poor the distressed or underprivileged. To lessen the healthcare burden on the area emergency rooms and local and state governments. To educate and encourage healthy lifestyle choices.
Providing Healthcare to the UNINSURED: We provide care for acute illness and injury chronic disease management many in-office procedures and affordable lab testing. In addition we provide well care...
Providing Healthcare to the UNINSURED: We provide care for acute illness and injury chronic disease management many in-office procedures and affordable lab testing. In addition we provide well care visits including vaccines and age-appropriate counseling such as nutrition exercise health maintenance and disease prevention as well as mental health and family planning. We also perform physicals for employment participation in sports and other activities. We manage multiple medication programs from pharmaceutical companies to help patients receive necessary medications that are unaffordable. The revenue generated for these services is concrete. The expense value is an estimate based on the number of patient visits the complexity of these visits and the procedures and labs done at reduced costs.
Providing healthcare to the UNDERINSURED: We provide comprehensive care to patients from newborn to geriatric as stated above 4a. Most of these patients have Alabama Medicaid. The revenue generated...
Providing healthcare to the UNDERINSURED: We provide comprehensive care to patients from newborn to geriatric as stated above 4a. Most of these patients have Alabama Medicaid. The revenue generated for these services is concrete. The expense value is an estimate based on the number and complexity of patient visits in this category.
Alabama Breast and Cervical Cancer Awareness ABCC program: The ABCC program is a breast and cervical cancer screening program for uninsured women who qualify. This Alabama state program partially...
Alabama Breast and Cervical Cancer Awareness ABCC program: The ABCC program is a breast and cervical cancer screening program for uninsured women who qualify. This Alabama state program partially reimburses our costs for the Well Woman Exam including pelvic and breast exams. The revenue generated for these services is concrete. The expense value is an estimate based on the number of patient visits the complexity of these visits and the lab supplies equipment and administrative costs.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2023 | 2022 | Change | |
|---|---|---|---|
| Revenue | $186,111 | $210,279 | -0.1% |
| Expenses | $187,272 | $209,499 | -0.1% |
| Net Income | $-1,161 | $780 | -2.5% |
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
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| Edward Thomas Corcoran | Board President | 0.00 |
Officer
Director
|
$0 | $0 | $0 |
| Barbara Blumer Corcoran | Board Vice President and Medical Director | 45.00 |
Officer
Key Emp
|
$28,800 | $0 | $28,800 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2023 | $186,111 | $187,272 | $10,446 | $-1,161 |
| 2022 | $210,279 | $209,499 | $11,607 | $780 |
| 2021 | $189,333 | $193,480 | $10,827 | $-4,147 |
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