MADISON FAMILY MEDICINE RESIDENCY CORPORATION INC (EIN 391758103) - 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

1993

Legal Domicile

Principal Officer

DAVID RAKEL MD

Phone

6082634550

Tax Period

2024-01-01 to 2024-12-31

MADISON FAMILY MEDICINE RESIDENCY CORPORATION INC, founded in 1993, is a small nonprofit that reported $513K in total revenue in fiscal year 2024. Expenses of $485K left a modest 6% surplus.

Mission

PROVIDE FACILITIES FOR FAMILY MEDICINE RESIDENCY PROGRAMS AT THE UW SCHOOL OF MEDICINE AND PUBLIC HEALTH.

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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 $0

Program Service Revenue $513,444

Investment Income $0

Other Revenue $0

TOTAL REVENUE $513,444

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $479,533

Other Expenses $484,792

TOTAL EXPENSES $484,792

Year-over-Year Comparison

	2024	2023	Change
Revenue	$513,444	$513,444	N/A
Expenses	$484,792	$487,814	0.0%
Net Income	$28,652	$25,630	+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

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DAVID RAKEL MD	PRESIDENT	1.00	Officer Director	$0	$0	$0
JEROME GARRETT MBA FACHE	SECRETARY	1.00	Officer Director	$0	$0	$0
JAMES ARNETT	DIRECTOR	1.00	Director	$0	$0	$0
JANEL HEINRICH	DIRECTOR	1.00	Director	$0	$0	$0
LUKE DIAZ	DIRECTOR	1.00	Director	$0	$0	$0
SARAH MCNIEL PA	DIRECTOR	1.00	Director	$0	$0	$0
BRIAN ARNDT MD	DIRECTOR	1.00	Director	$0	$0	$0
JENNIFER LOCHNER MD	DIRECTOR	1.00	Director	$0	$0	$0
SUSAN GOEZLER MD	DIRECTOR	1.00	Director	$0	$0	$0
THOMAS HAHN MD	DIRECTOR	1.00	Director	$0	$0	$0
JENSENA CARLSON MD	DIRECTOR	1.00	Director	$0	$0	$0
RUSSELL LEMMON DO	DIRECTOR	1.00	Director	$0	$0	$0
JEFF LARSON	DIRECTOR	1.00	Director	$0	$0	$0
ILDI MARTONFFY MD	DIRECTOR	1.00	Director	$0	$0	$0
JON LEWIS VP	DIRECTOR	1.00	Director	$0	$0	$0
ERIC THORNTON	DIRECTOR	1.00	Director	$0	$0	$0
JAMIE HESS MD	DIRECTOR	1.00	Director	$0	$0	$0
RONALD RAVEL CPA	TREASURER	2.00	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	$513,444	$484,792	$6,512,943	$28,652
2023	$513,444	$487,814	$6,661,582	$25,630
2022	$513,444	$494,650	$6,811,121	$18,794
2021	$786,007	$518,897	$6,958,913	$267,110
2020	$947,136	$670,728	$7,315,554	$276,408
2019	$947,158	$649,257	$7,576,120	$297,901
2018	$947,149	$691,579	$7,747,097	$255,570

MADISON FAMILY MEDICINE RESIDENCY CORPORATION INC