MATTHEWS FREE MEDICAL CLINIC (EIN 510468874) - 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

2003

Legal Domicile

Principal Officer

JAMIE NEELY

Phone

7048418882

Tax Period

2024-01-01 to 2024-12-31

MATTHEWS FREE MEDICAL CLINIC, founded in 2003, is a community nonprofit in the Health Care sector that reported $2.4M in total revenue in fiscal year 2024. Revenue surged 26% from the prior year, signaling strong growth momentum.

Mission

MATTHEWS FREE MEDICAL CLINIC PROVIDES QUALITY HEALTHCARE TO LOW INCOME, UNINSURED AND UNDERINSURED PATIENTS OF MATTHEWS, NC AND SURROUNDING AREAS, INCLUDING MECKLENBURG AND UNION COUNTIES.

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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 $829,740

Program Service Revenue $1,618,950

Investment Income $14,630

Other Revenue $-18,691

TOTAL REVENUE $2,444,629

Expense Breakdown

Grants Paid $0

Salaries & Benefits $619,545

Fundraising Expenses $191,188

Program Expenses $2,025,448

Other Expenses $1,813,198

TOTAL EXPENSES $2,432,743

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,444,629	$1,946,895	+0.3%
Expenses	$2,432,743	$1,894,137	+0.3%
Net Income	$11,886	$52,758	-0.8%

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

1274

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
ROBYN BARRIFFE	BOARD MEMBER	0.50	Director	$0	$0	$0
WILL BISHOP	TREASURER	0.50	Officer Director	$0	$0	$0
ROSY CRUMPTON	BOARD MEMBER	0.50	Director	$0	$0	$0
DAVID DUFRESNE	VICE CHAIR	0.50	Officer Director	$0	$0	$0
MATTHEW GALIMI	BOARD MEMBER	0.50	Director	$0	$0	$0
KELLY GULLO	BOARD MEMBER	0.50	Director	$0	$0	$0
TARYN MECIA	SECRETARY	0.50	Officer Director	$0	$0	$0
JAMIE NEELY	CHAIR	1.00	Officer Director	$0	$0	$0
BOB ROTH	BOARD MEMBER	0.50	Director	$0	$0	$0
ADAM WINEBARGER	BOARD MEMBER	0.50	Director	$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	$2,444,629	$2,432,743	$715,048	$11,886
2023	$1,946,895	$1,894,137	$685,932	$52,758
2022	$1,522,155	$1,523,083	$634,917	$-928
2021	$1,455,118	$1,373,004	$649,135	$82,114
2020	$1,364,600	$1,367,566	$609,542	$-2,966
2019	$1,308,135	$1,280,326	$550,953	$27,809
2018	$1,226,646	$1,259,877	$521,062	$-33,231

MATTHEWS FREE MEDICAL CLINIC