Kern Medical Center Foundation (EIN 364642420) - 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

2008

Legal Domicile

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

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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 $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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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

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

Total Directors

Key Employees

Highest Compensated

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

Kern Medical Center Foundation