SOUTH BEND MEDICAL FOUNDATION (EIN 350868178) - 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

1946

Legal Domicile

Principal Officer

TIM TRAVIS

Phone

5742045233

Tax Period

2023-01-01 to 2023-12-31

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.

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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 $2,946

Program Service Revenue $16,655,340

Investment Income $-205,731

Other Revenue $1,991,387

TOTAL REVENUE $18,443,942

Expense Breakdown

Grants Paid $14,290

Salaries & Benefits $12,130,242

Fundraising Expenses $0

Program Expenses $21,541,785

Other Expenses $10,946,833

TOTAL EXPENSES $23,091,365

Year-over-Year Comparison

	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%

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

179

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

$916,988

Total Directors

$626,737

Key Employees

Highest Compensated

reported

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

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	$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

SOUTH BEND MEDICAL FOUNDATION