Kern Medical Center Foundation

EIN: 364642420 501(c)(3) Health Care

Bakersfield, CA

Total Revenue
$889,197
Total Expenses
$893,511
Total Assets
$5,116,950
Net Assets
$5,116,950
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2008
Legal Domicile
CA
Principal Officer
Jeff Flores
Phone
6618683817
Tax Period
2024-01-01 to 2024-12-31

Kern Medical Center Foundation, founded in 2008, is a small nonprofit in the Health Care sector that reported $889K in total revenue in fiscal year 2024. Revenue fell 46% from the prior year — a significant decline worth monitoring. Net assets of $5.1M represent 69 months of operating reserves.

Mission

KERN MEDICAL CENTER FOUNDATION IS DEDICATED TO PROMOTE EDUCATION AND PROGRAMS THAT SUPPORT THE MISSION OF KERN MEDICAL CENTER

Program Service Accomplishments

Program 1
Expenses: $239,190

RAISE FUNDS AND SECURE RESOURCES TO SUPPORT KERN MEDICALS FACILITIES, SERVICES, RESEARCH AND PATIENT-CARE PROGRAMS, THEREBY PROMOTING IMPROVED HEALTH, SAFETY AND COMMUNITY WELFARE.KERN MEDICAL...

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RAISE FUNDS AND SECURE RESOURCES TO SUPPORT KERN MEDICALS FACILITIES, SERVICES, RESEARCH AND PATIENT-CARE PROGRAMS, THEREBY PROMOTING IMPROVED HEALTH, SAFETY AND COMMUNITY WELFARE.KERN MEDICAL FOUNDATION CONTINUES TO STEWARD FUNDS FROM THE $9.2M RECEIVED FROM CALIFORNIA HEALTH FACILITIES AUTHORITY FOR KERN MEDICAL PEDIATRICS INPATIENT AND OUTPATIENT RENOVATION. KERN MEDICAL FOUNDATION, ON BEHALF OF KERN MEDICAL, WAS AWARDED $6M FOR WHAT WILL BE THE NEW VFI CLINIC AND FOR TWO NEW MOBILE CLINICS FROM THE HEALTH RESOURCES AND SERVICES ADMINISTRATION. KERN MEDICAL FOUNDATION CONTINUES TO RECEIVE $100,000 PER YEAR, OVER $1M IN TOTAL, FROM THE CENTER of INHERITED BLOOD DISORDERS FOR KERN MEDICALS SICKLE CELL PROGRAM AND CLINIC. KERN MEDICAL FOUNDATION RECEIVED OVER $19,000 FROM HEALTH CAREER EXPLORATION PROGRAM TO SUPPORT EXPOSE STUDENTS TO HEALTH CAREERS FROM HEALTH CARE ACCESS AND INFORMATION. KERN MEDICAL FOUNDATION, ON BEHALF OF KERN MEDICAL, WAS AWARDED $3M FROM KERN HEALTH SYSTEMS TO SUPPORT PROVIDER RECRUITMENT AND RETENTION, HEALTHCARE WORKFORCE EXPANSION AND QUALITY GRANT PROGRAM THAT WILL ENHANCE THE QUALITY OF CARE DELIVERED TO MEMBERS WITH THE GOAL OF INCREASING PREVENTATIVE HEALTH SERVICES AND CLOSING GAPS IN CARE. KERN MEDICAL FOUNDATION WAS AWARDED OVER $1M FOR PSYCHIATRIC EDUCATION CAPACITY EXPANSION PROGRAM FROM DEPARTMENT OF HEALTH CARE ACCESS AND INFORMATION FOR INCREASING THE SUPPLY OF PSYCHIATRICS AND PUBLIC MENTAL HEALTH PRACTIONERS. KERN MEDICAL FOUNDATION RECEIVED $300,000 FROM THE CDC FOR VALEY FEVER EDUCATION AND AWARENESS THROUGH OUR COOPERATIVE AGREEMENT; IMPROVING CLINICAL AND PUBLIC HEALTH OUTCOMES THROUGH NATIONAL PARTNERSHIPS TO PREVENT AND CONTROL EMERGING AND RE-EMERGING INFECTIOUS DISEASE THREATS. KERN MEDICAL FOUNDATION, ON BEHALF OF THE VALLEY FEVER INSTITUTE AT KERN MEDICAL, WAS AWARDED A SUBAWARD AGREEMENT UNDER A U19 RESEARCH GRANT WITH UCLA. ENROLLMENT IN HOST IMMUNOGENETICS AND FUNGAL VIRULENCE MECHANISMS IN COCCIDIOIDOMYCOSIS STARTED IN 2022 AND WILL CONTINUE THROUGH 2027. KERN MEDICAL FOUNDATION, ON BEHALF OF THE VALLEY FEVER INSTITUTE AT KERN MEDICAL, ENROLLED IN A CLINICAL TRIAL OF A NOVEL ANTIFUNGAL; OLOROFIM FOR TREATMENT OF INVASIVE FUNGAL INFECTIONS (IFI) DUE TO MOULDS IN PATIENTS WITH LIMITED OR NO TREATMENT OPTIONS: INTERIM RESULTS FROM A PHASE 2B OPEN-LABEL STUDY.

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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 $768,261
Program Service Revenue $0
Investment Income $130,804
Other Revenue $-9,868
TOTAL REVENUE $889,197

Expense Breakdown

Grants Paid $146,650
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $239,190
Other Expenses $746,861
TOTAL EXPENSES $893,511

Year-over-Year Comparison

2024 2023 Change
Revenue $889,197 $1,643,341 -0.5%
Expenses $893,511 $592,407 +0.5%
Net Income $-4,314 $1,050,934 -1.0%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
7
Independent Members
7
Employees
N/A
Volunteers
N/A

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
4
$0
Total Directors
7
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Jeff Flores Chairman 0.20
Officer Director
$0 $0 $0
Scott Thygerson Secretary 0.10
Officer Director
$0 $0 $0
David Couch Board Member 0.10
Director
$0 $0 $0
Royce Johnson MD Vice Chairman 0.10
Officer Director
$0 $0 $0
Greg Bynum Board Member 0.10
Director
$0 $0 $0
Andy Cantu CFO 0.10
Officer Director
$0 $0 $0
Jag Heer Board Member 0.10
Director
$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 $889,197 $893,511 $5,116,950 $-4,314
2023 $1,643,341 $592,407 $5,121,264 $1,050,934
2022 $1,665,545 $1,683,009 $4,009,913 $-17,464
2021 $1,330,330 $883,379 $4,376,963 $446,951
2020 $566,610 $2,651,308 $3,269,718 $-2,084,698
2019 $3,227,459 $2,403,594 $5,354,416 $823,865
2018 $3,862,091 $788,062 $4,473,917 $3,074,029
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