MINORITY HEALTH COALITION OF MADISON COUNTY

EIN: 351920663 501(c)(3) Health Care

ANDERSON, IN

Total Revenue
$1,807,918
Total Expenses
$1,778,350
Total Assets
$555,966
Net Assets
$476,771
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1993
Legal Domicile
IN
Principal Officer
VEDA MORRIS-MAY
Phone
7653564182
Tax Period
2024-01-01 to 2024-12-31

MINORITY HEALTH COALITION OF MADISON COUNTY, founded in 1993, is a community nonprofit in the Health Care sector that reported $1.8M in total revenue in fiscal year 2024. Revenue fell 29% from the prior year — a significant decline worth monitoring.

Mission

THE MINORITY HEALTH COALITION OF MADISON COUNTY (MHCMC) IS AN AFFILIATE ORGANIZATIONAL MEMBER OF THE INDIANA MINORITY HEALTH COALITION (IMHC). WE ARE A NOT-FOR-PROFIT COMMUNITY-BASED ORGANIZATION DESIGNED TO DO THE FOLLOWING:PROMOTE MINORITY HEALTH THROUGH EDUCATION, ADVOCACY, PUBLIC RELATIONS, RESEARCH AND LEADERSHIP.ADVOCATE FOR COMMUNITY REPRESENTATION FOR MEDICALLY UNDERSERVED INDIVIDUALS THAT WILL BRING ABOUT WORKABLE SOLUTIONS TO ADDRESS PERSONAL, FAMILY AND COMMUNITY HEALTH PROBLEMS EXPERIENCED BY MINORITY POPULATIONS.REDUCE PREMATURE MORTALITY AND ILLNESS RESULTING FROM CONDITIONS TO WHICH MINORITY POPULATIONS ARE AT HIGH RISK BY STIMULATING AWARENESS OF AND KNOWLEDGE ABOUT THOSE CONDITIONS.IMPROVE ACCESS TO HEALTH CARE AND SERVICES FOR MINORITIES AND INDIVIDUALS THAT ARE UNABLE TO OBTAIN ADEQUATE CARE.ENSURE THAT HEALTH CARE SERVICES ARE OF A HIGH QUALITY, ARE CULTURALLY SENSITIVE AND SUFFICIENTLY COORDINATED.

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $1,394,867
Program Service Revenue $0
Investment Income $0
Other Revenue $413,051
TOTAL REVENUE $1,807,918

Expense Breakdown

Grants Paid $0
Salaries & Benefits $292,493
Fundraising Expenses $0
Program Expenses $1,766,138
Other Expenses $1,485,857
TOTAL EXPENSES $1,778,350

Year-over-Year Comparison

2024 2023 Change
Revenue $1,807,918 $2,543,814 -0.3%
Expenses $1,778,350 $2,523,598 -0.3%
Net Income $29,568 $20,216 +0.5%
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

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Financial Distress Indicator

Liquidity & Cash Position

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Governance

Voting Members
7
Independent Members
7
Employees
17
Volunteers
1

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
3
$0
Total Directors
4
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
CARLTON MONTAGUE DIRECTOR 0.25
Director
$0 $0 $0
JUDY STREETER DIRECTOR 0.25
Director
$0 $0 $0
PASTOR WILLIAM O'NEAL DIRECTOR 0.25
Director
$0 $0 $0
SPENSER BENGE DIRECTOR 0.25
Director
$0 $0 $0
BRAD MEADOWS PRESIDENT 2.00
Officer
$0 $0 $0
RUTHIE SMITH VICE PRESIDENT 1.00
Officer
$0 $0 $0
DEANNA PALMER DIRECTOR 0.25
Officer
$0 $0 $0
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 $1,807,918 $1,778,350 $555,966 $29,568
2023 $2,543,814 $2,523,598 $526,398 $20,216
2022 $2,335,401 $2,336,651 $300,293 $-1,250
2022 $2,572,169 $2,446,725 $506,671 $125,444
2021 $1,161,028 $892,262 $301,543 $268,766
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