COLUMBUS MEDICAL ASSOCIATION FOUNDATION (EIN 310679012) - 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

1958

Legal Domicile

Principal Officer

TRACY L DAVIDSON

Phone

6142407410

Tax Period

2024-01-01 to 2024-12-31

COLUMBUS MEDICAL ASSOCIATION FOUNDATION, founded in 1958, is a small nonprofit in the Health Care sector that reported $965K in total revenue in fiscal year 2024. Revenue surged 47% from the prior year, signaling strong growth momentum. Expenses of $3.6M exceeded revenue, resulting in a 276% operating deficit.

Mission

THROUGH GRANT-MAKING, CMAF IMPROVES THE HEALTH OF RESIDENTS IN CENTRAL OHIO.

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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 (2024)

Revenue Breakdown

Contributions & Grants $22,679

Program Service Revenue $126,592

Investment Income $766,216

Other Revenue $49,776

TOTAL REVENUE $965,263

Expense Breakdown

Grants Paid $1,630,468

Salaries & Benefits $860,718

Fundraising Expenses $216,518

Program Expenses $1,892,148

Other Expenses $1,139,863

TOTAL EXPENSES $3,631,049

Year-over-Year Comparison

	2024	2023	Change
Revenue	$965,263	$657,647	+0.5%
Expenses	$3,631,049	$3,936,148	-0.1%
Net Income	$-2,665,786	$-3,278,501	-0.2%

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

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

$559,561

Total Directors

$12,350

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JAMES L NICHOLS	SECRETARY/TREASURER	5.00	Officer Director	$0	$0	$0
MARC L PARNES MD	PRESIDENT	2.00	Officer Director	$0	$0	$8,500
KAREN KING MD	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
ALVIN RODACK	TRUSTEE	1.00	Director	$0	$0	$0
EDWARD T BOPE MD	TRUSTEE	1.00	Director	$0	$0	$0
JASMINE GREEN	TRUSTEE	1.00	Director	$0	$0	$0
MARK STAMM	TRUSTEE	1.00	Director	$0	$0	$0
BRET KOCKENTIET MD	TRUSTEE	1.00	Director	$0	$0	$0
BARBARA LACH	TRUSTEE	1.00	Director	$0	$0	$0
JEFF HALL MD	TRUSTEE	1.00	Director	$0	$0	$0
DON BROWN	TRUSTEE	1.00	Director	$0	$0	$0
AHMAD MOSTAFAVIFAR MD	TRUSTEE	1.00	Director	$0	$0	$0
KANNY GREWAL MD	TRUSTEE	1.00	Director	$0	$0	$0
LUIS ALCALDE	TRUSTEE	1.00	Director	$0	$0	$0
LISA WESOLEK	TRUSTEE	1.00	Director	$0	$0	$0
JACOB LIU MD	TRUSTEE	1.00	Director	$0	$0	$0
LAMONT CLAY MD	TRUSTEE	1.00	Director	$0	$0	$3,850
ROBERT E FALCONE MD	CEO - PART YEAR	25.00	Officer	$303,604	$1,365	$304,969
TRACY L DAVIDSON	CEO	25.00	Officer	$38,963	$138	$39,101
LAURIE HAWKINS	CFO/COO	24.00	Officer	$163,136	$43,855	$206,991

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	$965,263	$3,631,049	$109,908,556	$-2,665,786
2023	$657,647	$3,936,148	$104,053,058	$-3,278,501
2022	$902,914	$3,537,129	$97,507,010	$-2,634,215
2021	$935,267	$3,306,241	$114,076,258	$-2,370,974
2020	$1,027,068	$3,150,482	$98,257,781	$-2,123,414
2019	$1,053,521	$3,619,593	$88,162,725	$-2,566,072
2018	$1,085,366	$3,279,693	$77,061,682	$-2,194,327

COLUMBUS MEDICAL ASSOCIATION FOUNDATION