Bakersfield, CA
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)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.
KERN MEDICAL CENTER FOUNDATION IS DEDICATED TO PROMOTE EDUCATION AND PROGRAMS THAT SUPPORT THE MISSION OF KERN MEDICAL CENTER
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...
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.
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)| 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% |
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 |
|---|---|---|---|---|---|---|
| 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 |
| 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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