SOUTH BEND, IN
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)SOUTH BEND MEDICAL FOUNDATION, founded in 1946, is a mid-sized nonprofit in the Health Care sector that reported $18.4M in total revenue in fiscal year 2023. Revenue grew 16% year-over-year, indicating healthy expansion. Expenses of $23.1M exceeded revenue, resulting in a 25% operating deficit.
MISSION - TO PROVIDE HIGH-QUALITY PATHOLOGY AND BLOOD SERVICES TO THOSE WE SERVE, KEEPING IN MIND THERE IS A LIFE BEHIND EVERYTHING WE DO.VISION - A COMMITMENT TO BECOMING A NATIONALLY RECOGNIZED NOT-FOR-PROFIT ORGANIZATION THROUGH INVESTMENT IN QUALITY, TECHNOLOGY, COMMUNITY AND OUR PEOPLE.VALUES - RESPECT: VALUE AND RESPECT OTHERS, THEIR PERSPECTIVE AND EMBRACE OUR DIFFERENCES. INNOVATION: LEAN INTO CHANGE, RECOGNIZING HEALTHCARE IS EVERCHANGING; CREATIVITY IS KEY. STEWARDSHIP: BE SOCIALLY AND FISCALLY RESPONSIBLE IN ALL WE DO. EXCELLENCE: PROVIDE ACCURATE, TIMELY SERVICE AND COMMUNICATION TO OUR CLIENTS, COMMUNITY AND ONE ANOTHER.
SOUTH BEND MEDICAL FOUNDATION, INC. (THE FOUNDATION), PROVIDES PATHOLOGY SERVICES FOR PATIENTS AND DOCTORS THROUGHOUT NORTHERN AND CENTRAL INDIANA AND SOUTHWESTERN MICHIGAN WITH A CONCENTRATION OF...
SOUTH BEND MEDICAL FOUNDATION, INC. (THE FOUNDATION), PROVIDES PATHOLOGY SERVICES FOR PATIENTS AND DOCTORS THROUGHOUT NORTHERN AND CENTRAL INDIANA AND SOUTHWESTERN MICHIGAN WITH A CONCENTRATION OF REVENUES FROM HOSPITALS LOCATED IN THE SURROUNDING AREAS. THE FOUNDATION ALSO HAS A BLOOD BANK LINE OF BUSINESS WHERE BLOOD IS DONATED BY VOLUNTEERS AND SUBSEQUENTLY PROCESSED AND SOLD TO LOCAL HOSPITALS IN THE SURROUNDING AREAS. THE FOUNDATION PROVIDES ASSISTANCE TO INDIVIDUALS IN THE FORM OF FREE OR REDUCED FEE MEDICAL CARE AT VARIOUS LOCATIONS THROUGHOUT THE COMMUNITIES SERVED. THESE INDIVIDUALS MEET SBMF'S CHARITY CARE ELIGIBILITY REQUIREMENTS, OR THE REQUIREMENTS OF THE REFERRING HEALTH CARE PROVIDER. DURING 2023, THE FOUNDATION PROVIDED $39,158 IN PATIENT MEDICAL ASSISTANCE.THE FOUNDATION ALSO PROVIDES DISCOUNTS FOR PAYMENT AT TIME OF SERVICE TO PATIENTS WHO DO NOT HAVE GOVERNMENT PROVIDED INSURANCE COVERAGE OR DO NOT WISH TO HAVE A CLAIM FILLED WITH THEIR COMMERCIAL INSURANCE CARRIER. DURING 2023, THE FOUNDATION PROVIDED $63,982 IN TIME OF SERVICE DISCOUNTS.
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 | $18,443,942 | $15,932,447 | +0.2% |
| Expenses | $23,091,365 | $22,522,024 | +0.0% |
| Net Income | $-4,647,423 | $-6,589,577 | -0.3% |
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 |
|---|---|---|---|---|---|---|
| AL HARDING MD | CHAIRMAN | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| SHERY ROUSSAIRE | TREASURER | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| NITA GERIG MD | SECRETARY | 32.00 |
Officer
Director
|
$321,772 | $35,856 | $357,628 |
| MICHAEL BLAKESLEY MD | BOARD MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| JAMES KELLY MD | BOARD MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| CARLTON LYONS MD | BOARD MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| SHARON STACK PHD | BOARD MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| LAURIE GRIESINGER MD | BOARD MEMBER | 40.00 |
Director
|
$227,485 | $41,624 | $269,109 |
| JANILYN DAUB | BOARD MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| ROBIN ZON MD | CHAIRMAN PARTIAL TERM | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| JOE BARKMAN | TREASURER PARTIAL TERM | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| PEDRO MIRO MD | VICE CHAIRMAN PARTIAL TERM | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| TIMOTHY TRAVIS | PRESIDENT CEO | 40.00 |
Officer
|
$305,777 | $53,208 | $358,985 |
| TERRY PIPP | CFO | 40.00 |
Officer
|
$178,140 | $22,235 | $200,375 |
| ERICA MARTIN | PATHOLOGIST | 40.00 |
Highest
|
$278,958 | $19,844 | $298,802 |
| JONATHAN KONOPINSKI MD | PATHOLOGIST | 40.00 |
Highest
|
$338,449 | $25,981 | $364,430 |
| ODETA LAPKUS | PATHOLOGIST | 40.00 |
Highest
|
$294,088 | $38,439 | $332,527 |
| JAMES DYER | PATHOLOGIST | 40.00 |
Highest
|
$298,988 | $20,081 | $319,069 |
| NICOLE ANEST | PATHOLOGIST | 40.00 |
Highest
|
$281,491 | $32,275 | $313,766 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2024 | No data | No data | No data | No data |
| 2023 | $18,443,942 | $23,091,365 | $49,222,710 | $-4,647,423 |
| 2022 | $15,932,447 | $22,522,024 | $48,622,291 | $-6,589,577 |
| 2021 | $21,231,180 | $25,971,465 | $52,568,816 | $-4,740,285 |
| 2020 | $18,253,936 | $28,820,131 | $53,552,972 | $-10,566,195 |
| 2019 | $129,308,739 | $65,077,311 | $74,047,036 | $64,231,428 |
| 2018 | $75,806,676 | $77,440,581 | $35,340,362 | $-1,633,905 |
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