SEMMES-MURPHEY FOUNDATION (EIN 383790195) - 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

2007

Legal Domicile

Principal Officer

JENNIFER BALINK

Phone

9012595316

Tax Period

2024-01-01 to 2024-12-31

SEMMES-MURPHEY FOUNDATION, founded in 2007, is a community nonprofit in the Education sector that reported $2.4M in total revenue in fiscal year 2024. Revenue surged 30% from the prior year, signaling strong growth momentum. Expenses of $3.0M exceeded revenue, resulting in a 26% operating deficit.

Mission

(1) TO ADVANCE THE ART AND SCIENCE OF NEUROSURGERY, NEUROLOGY AND RELATED DISCIPLINES THROUGH THE PRACTICE OF CLINICAL MEDICINE, THE PROVISION OF SURGICAL CARE, AND THE DEVELOPMENT OF IMPROVED METHODS, SYSTEMS, TECHNIQUES, AND RESOURCES IN FURTHERANCE THEREOF. (2) TO ESTABLISH AND PROMOTE OPPORTUNITIES FOR GRADUATE AND POSTGRADUATE MEDICAL EDUCATION IN COORDINATION AND COOPERATION WITH COLLEGES AND MEDICINE, SCIENCE AND HEALTH PROFESSIONS, HOSPITALS, PUBLIC AND PRIVATE AGENCIES AND OTHERS. (3) TO ENGAGE IN CLINICAL AND SCIENTIFIC RESEARCH IN CONJUCTION WITH THE PROFESSIONAL PRACTICE OF MEDICINE AND SURGERY. (4) TO PROVIDE PROFESSIONAL MEDICAL AND SURGICAL PATIENT CARE, HEALTH EDUCATION AND GUIDANCE, AND OTHER THERAPEUTIC HEALTH SERVICES FOR INDIVIDUALS AND FAMILIES WITHOUT REGARD TO RACE, CREED, COLOR, SEX, AGE, RELIGION, NATIONAL ORIGIN, DISABILITY, HEALTH STATUS, VETERAN STATUS OR (WITHIN THE ECONOMIC RESOURCES AVAILABLE TO THE CORPORATION) ABILITY TO PAY.

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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 $1,149,472

Program Service Revenue $1,289,671

Investment Income $0

Other Revenue $-27,909

TOTAL REVENUE $2,411,234

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,829,017

Fundraising Expenses $106,009

Program Expenses $2,464,051

Other Expenses $1,215,277

TOTAL EXPENSES $3,044,294

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,411,234	$1,861,208	+0.3%
Expenses	$3,044,294	$2,450,151	+0.2%
Net Income	$-633,060	$-588,943	+0.1%

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

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

$281,511

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CLARENCE WATRIDGE MD	PAST- CHAIRMAN	1.00	Director	$0	$0	$0
KEVIN FOLEY MD	VICE-CHAIRMAN	1.00	Officer Director	$0	$0	$0
JON ROBERTSON MD	SECRETARY	1.00	Officer Director	$0	$0	$0
ADAM ARTHUR MD	DIRECTOR	1.00	Director	$0	$0	$0
LUCAS ELIJOVICH MD	CHAIRMAN	1.00	Officer Director	$0	$0	$0
SCOTT FOUNTAIN MD	DIRECTOR	1.00	Director	$0	$0	$0
ROBERT LASTER MD	DIRECTOR	1.00	Director	$0	$0	$0
L MADISON MICHAEL MD	SECRETARY	1.00	Director	$0	$0	$0
DANIEL HOIT MD	DIRECTOR	1.00	Director	$0	$0	$0
KEN EDMUNDSON	DIRECTOR	1.00	Director	$0	$0	$0
KIRK BAILEY	TREASURER	1.00	Officer Director	$0	$0	$0
RUSSEL OLSEN	DIRECTOR	1.00	Director	$0	$0	$0
JENNIFER BALINK	EXECUTIVE DIRECTOR	50.00	Officer	$247,666	$33,845	$281,511
NICOLAS K KHATTAR	PHYSICIAN	1.00	Highest	$100,058	$17,725	$117,783
HAYDN A HOFFMAN MD	PHYSICIAN	1.00	Highest	$100,052	$3,407	$103,459
COURTNEY L BERRYMAN	CLINICAL RESEARCH MANAGER	1.00	Highest	$115,981	$28,647	$144,628

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	$2,411,234	$3,044,294	$691,852	$-633,060
2023	$1,861,208	$2,450,151	$955,360	$-588,943
2022	$2,199,336	$1,890,956	$3,517,963	$308,380
2021	$1,748,041	$1,682,432	$2,140,877	$65,609
2020	$2,427,340	$1,979,725	$2,721,122	$447,615
2019	$1,724,520	$1,683,298	$1,270,938	$41,222
2018	$1,331,084	$1,677,495	$760,303	$-346,411

SEMMES-MURPHEY FOUNDATION