ASHEVILLE MEDICAL RESEARCH AND EDU… - Form 990 Financial Data

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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

1990

Legal Domicile

Principal Officer

KRISTI S KNIGHT

Phone

8282987911

Tax Period

2023-10-01 to 2024-09-30

ASHEVILLE MEDICAL RESEARCH AND EDUCATION CORPORATION, founded in 1990, is a small nonprofit in the Health Care sector that reported $226K in total revenue in fiscal year 2023. Revenue surged 128% from the prior year, signaling strong growth momentum. The organization ran a surplus of $137K, a strong 61% operating margin.

Mission

MEDICAL RESEARCH AND EDUCATION

Program Service Accomplishments

Program 1

Expenses: $31,435 Revenue: $190,662

THE MEDICAL RESEARCH PROVIDES INFORMATION REGARDING THE OPTIMAL USE OF PHARMACEUTICALS AND DEVICES TO PREVENT AND CURE DISEASE AND IMPROVED MEDICAL CARE AND TREATMENT OF VETERANS

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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 $35,415

Program Service Revenue $185,527

Investment Income $5,135

Other Revenue $0

TOTAL REVENUE $226,077

Expense Breakdown

Grants Paid $0

Salaries & Benefits $31,435

Fundraising Expenses $0

Program Expenses $31,435

Other Expenses $57,568

TOTAL EXPENSES $89,003

Year-over-Year Comparison

	2023	2022	Change
Revenue	$226,077	$98,949	+1.3%
Expenses	$89,003	$85,842	+0.0%
Net Income	$137,074	$13,107	+9.5%

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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ASHFAQ AHSNUDDIN	CHIEF OF STA	N/A	Officer	$0	$0	$0
STEPHANIE YOUNG	MED CTR DIR	N/A	Officer	$0	$0	$0
BRIAN PEEK	PRESIDENT	N/A	Officer	$0	$0	$0
ADAM DINKINS	TREASURER	N/A	Officer	$0	$0	$0
KRISTI S KNIGHT	EXECUTIVE DI	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	$226,077	$89,003	$326,856	$137,074
2023	$98,949	$85,842	$155,622	$13,107
2022	$83,997	$123,404	$145,146	$-39,407
2021	$113,044	$100,405	$183,478	$12,639
2020	$154,534	$129,893	$179,564	$24,641
2019	$123,600	$187,354	$151,898	$-63,754
2018	$117,984	$170,505	$216,875	$-52,521

ASHEVILLE MEDICAL RESEARCH AND EDUCATION CORPORATION