WMC PUBLIC BENEFIT CORPORATION

EIN: 474965115 501(c)(3) Health Care

LOUISVILLE, MS

Total Revenue
$3,368,472
Total Expenses
$2,240,526
Total Assets
$44,114,126
Net Assets
$33,780,959
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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
2015
Legal Domicile
MS
Principal Officer
MICHAEL NESTER
Phone
6627795101
Tax Period
2023-01-01 to 2023-12-31

WMC PUBLIC BENEFIT CORPORATION, founded in 2015, is a community nonprofit in the Health Care sector that reported $3.4M in total revenue in fiscal year 2023. Revenue fell 92% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $1.1M, a strong 33% operating margin.

Mission

WMC PUBLIC BENEFIT CORPORATION'S MISSION IS TO PROMOTE AND ASSIST WINSTON COUNTY MEDICAL FOUNDATION (A NOT-FOR-PROFIT CORPORATION OPERATING AN ACUTE CARE HOSPITAL AND A LONG-TERM CARE NURISNG HOME LOCATED IN LOUISVILLE, MS)WITH THE DEVELOPMENT OF HOSPITAL FACILITIES AND THE SECURING OF CAPITAL FOR THE OPERATION OF HEALTH CARE RELATED SERVICES TO BENEFIT THE HEALTH AND WELLNESS OF THE CITIZENS OF WINSTON COUNTY, MS AND SURROUNDING AREAS.

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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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $3,368,176
Investment Income $296
Other Revenue $0
TOTAL REVENUE $3,368,472

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $2,240,526
Other Expenses $2,240,526
TOTAL EXPENSES $2,240,526

Year-over-Year Comparison

2023 2022 Change
Revenue $3,368,472 $44,422,990 -0.9%
Expenses $2,240,526 $5,187,716 -0.6%
Net Income $1,127,946 $39,235,274 -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

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Governance

Voting Members
5
Independent Members
5
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
1
$0
Total Directors
5
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
DON BRANTLEY TRUSTEE N/A
Director
$0 $0 $0
BRUCE LEE TRUSTEE N/A
Director
$0 $0 $0
MARY TABOR TRUSTEE N/A
Director
$0 $0 $0
DOW THOMAS TRUSTEE N/A
Director
$0 $0 $0
TERRY WOODS TRUSTEE N/A
Director
$0 $0 $0
MICHAEL NESTER CEO N/A
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 No data No data No data No data
2023 $3,368,472 $2,240,526 $44,114,126 $1,127,946
2022 $44,422,990 $5,187,716 $43,464,665 $39,235,274
2021 $3,262,410 $5,397,333 $47,800,938 $-2,134,923
2020 $3,293,033 $5,371,835 $50,234,965 $-2,078,802
2019 $3,233,076 $5,461,719 $52,614,846 $-2,228,643
2018 $3,233,081 $5,513,642 $55,132,102 $-2,280,561
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