SMITH MEDICAL CLINIC INC (EIN 570786699) - 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

1984

Legal Domicile

Principal Officer

RUSSELL VEDDER

Phone

8432372672

Tax Period

2023-01-01 to 2023-12-31

SMITH MEDICAL CLINIC INC, founded in 1984, is a community nonprofit that reported $2.1M in total revenue in fiscal year 2023. Revenue surged 23% from the prior year, signaling strong growth momentum. The organization ran a surplus of $492K, a strong 23% operating margin.

Mission

TO PROVIDE FREE HEALTHCARE SERVICES TO LOW-INCOME, UNINSURED ADULTS IN GEORGETOWN COUNTY, SC. THE CLINIC ENVISIONS A HEALTHIER COMMUNITY WHERE HEALTHCARE SERVICES ARE AVAILABLE TO ALL REGARDLESS OF THEIR FINANCIAL CAPABILITY.

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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 $1,733,960

Program Service Revenue $0

Investment Income $16,257

Other Revenue $359,937

TOTAL REVENUE $2,110,154

Expense Breakdown

Grants Paid $0

Salaries & Benefits $525,776

Fundraising Expenses $33,772

Program Expenses $1,361,032

Other Expenses $1,092,450

TOTAL EXPENSES $1,618,226

Year-over-Year Comparison

	2023	2022	Change
Revenue	$2,110,154	$1,708,670	+0.2%
Expenses	$1,618,226	$1,408,469	+0.1%
Net Income	$491,928	$300,201	+0.6%

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

167

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

$87,500

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
RUSSELL VEDDER	BOARD CHAIR	1.00	Director	$0	$0	$0
ERIC ARMSTRONG	VICE CHAIR	1.00	Director	$0	$0	$0
BRUCE BAILEY	EX-OFFICIO	1.00	Director	$0	$0	$0
DAN BROWN	EX-OFFICIO	1.00	Director	$0	$0	$0
FATHER WIL KEITH	EX-OFFICIO	1.00	Director	$0	$0	$0
DOUG EGGIMAN	TREASURER	1.00	Director	$0	$0	$0
VICKI GRANT	DIRECTOR	1.00	Director	$0	$0	$0
TRAVA HENDRIX	DIRECTOR	1.00	Director	$0	$0	$0
ERIC GROTHAUS	DIRECTOR	1.00	Director	$0	$0	$0
JOHN HUNGERFORD	DIRECTOR	1.00	Director	$0	$0	$0
AL JOSEPH	DIRECTOR	1.00	Director	$0	$0	$0
ASHLEY DESMARTEAU	DIRECTOR	1.00	Director	$0	$0	$0
JOYCE LINNEN	DIRECTOR	1.00	Director	$0	$0	$0
ASHLEY MCCRAY	DIRECTOR	1.00	Director	$0	$0	$0
CHARLOTTE MOORE	DIRECTOR	1.00	Director	$0	$0	$0
BARNEY BEAVER	DIRECTOR	1.00	Director	$0	$0	$0
ROB UNGER	DIRECTOR	1.00	Director	$0	$0	$0
GRETCHEN SMITH	EXECUTIVE DIRECTOR	40.00	Officer	$87,500	$0	$87,500

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	$2,110,154	$1,618,226	$2,084,890	$491,928
2022	$1,708,670	$1,408,469	$1,576,197	$300,201
2021	$1,886,591	$1,603,046	$1,271,419	$283,545
2020	$797,214	$704,505	$984,989	$92,709
2019	$715,717	$708,604	$892,517	$7,113
2018	$694,476	$651,374	$897,482	$43,102

SMITH MEDICAL CLINIC INC