MEMPHIS LUNG PHYSICIANS FOUNDATION INC (EIN 452832975) - 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

2011

Legal Domicile

Principal Officer

JEFFREY WRIGHT MD

Phone

9017675864

Tax Period

2023-10-01 to 2024-09-30

MEMPHIS LUNG PHYSICIANS FOUNDATION INC, founded in 2011, is a mid-sized nonprofit in the Health Care sector that reported $17.0M in total revenue in fiscal year 2023. Revenue grew 15% year-over-year, indicating healthy expansion. Expenses of $23.2M exceeded revenue, resulting in a 36% operating deficit.

Mission

MEMPHIS LUNG PHYSICIANS FOUNDATION, INC. PROVIDES QUALITY MEDICAL HEALTH CARE REGARDLESS OF RACE, CREED, SEX, NATIONAL ORIGIN, HANDICAP, OR AGE.

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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 (2023)

Revenue Breakdown

Contributions & Grants $18,541

Program Service Revenue $16,973,757

Investment Income $765

Other Revenue $0

TOTAL REVENUE $16,993,063

Expense Breakdown

Grants Paid $0

Salaries & Benefits $20,298,494

Fundraising Expenses $0

Program Expenses $21,739,687

Other Expenses $2,853,541

TOTAL EXPENSES $23,152,035

Year-over-Year Comparison

	2023	2022	Change
Revenue	$16,993,063	$14,816,791	+0.1%
Expenses	$23,152,035	$21,149,767	+0.1%
Net Income	$-6,158,972	$-6,332,976	0.0%

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

N/A

Employees

136

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

$2,738,279

Total Directors

$6,865,994

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
GARY C ANDERSON	DIRECTOR (THRU 12/23)	0.04	Director	$0	$88,606	$1,300,745
MARK E SWANSON MD	DIRECTOR	0.04	Director	$0	$24,823	$1,220,645
TODD M HENDERSON MD	PHYSICIAN/DIRECTOR	40.00	Director	$680,792	$89,523	$770,315
KENNETH A OKPOR MD	PHYSICIAN/DIRECTOR	40.00	Director	$667,120	$75,814	$742,934
EDWIN P CADE	DIRECTOR (AS OF 01/24)	0.04	Director	$0	$105,548	$723,056
MUHAMMAD SHEIKH MD	PHYSICIAN/DIRECTOR	40.00	Director	$597,536	$68,517	$666,053
JEFFREY WRIGHT MD	PRESIDENT/DIRECTOR	39.77	Officer Director	$579,228	$73,204	$652,432
JUSTIN RHODES	DIRECTOR (AS OF 01/24)	0.04	Director	$0	$84,677	$526,012
MICHAEL D WILONS MD	VICE PRESIDENT/DIRECTOR	40.00	Officer Director	$194,597	$69,205	$263,802
GREGORY M DUCKETT	SECRETARY	0.04	Officer	$0	$90,318	$1,346,501
JACQUELINE RYAN	CEO	40.00	Officer	$0	$62,227	$244,679
ANDREW D JETER	CFO	0.50	Officer	$0	$43,316	$230,865
ISTVAN WOLLAK MD	PHYSICIAN	40.00	Highest	$688,335	$90,618	$778,953
OBAID U AWAN MD	PHYSICIAN	40.00	Highest	$716,030	$44,193	$760,223
GEORGE WILLIAMS MD	PHYSICIAN	40.00	Highest	$691,339	$55,997	$747,336
ANURAG MEHROTRA MD	PHYSICIAN	40.00	Highest	$680,397	$66,104	$746,501
GEORGE M HINNANT	PHYSICIAN	40.00	Highest	$636,512	$58,349	$694,861
KIMBERLY O YOUNG	FORMER CFO	0.00		$0	$47,942	$620,481

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	$16,993,063	$23,152,035	$7,774,939	$-6,158,972
2023	$14,816,791	$21,149,767	$8,518,999	$-6,332,976
2022	$15,360,647	$21,621,475	$8,261,037	$-6,260,828
2021	$13,322,151	$17,687,741	$4,739,184	$-4,365,590
2020	$12,735,495	$15,768,529	$1,013,655	$-3,033,034
2019	$13,349,772	$14,173,889	$1,139,252	$-824,117
2018	$12,222,969	$13,237,898	$1,358,106	$-1,014,929

MEMPHIS LUNG PHYSICIANS FOUNDATION INC