LEXMED INC (EIN 570874078) - 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

2021

Legal Domicile

Principal Officer

JEFFREY BRILLHART

Phone

8037912522

Tax Period

2024-10-01 to 2025-09-30

LEXMED INC, founded in 2021, is a mid-sized nonprofit in the Health Care sector that reported $36.2M in total revenue in fiscal year 2024. Expenses of $43.2M exceeded revenue, resulting in a 20% operating deficit.

Mission

TO PROMOTE AND FACILITATE THE PROVISION OF CONGREGATE CARE, NURSING, AND OPERATE HEALTH CARE RELATED FACILITIES FOR THE AGED.

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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 $0

Program Service Revenue $36,151,559

Investment Income $109

Other Revenue $0

TOTAL REVENUE $36,151,668

Expense Breakdown

Grants Paid $0

Salaries & Benefits $32,326,282

Fundraising Expenses $0

Program Expenses $19,739,748

Other Expenses $10,875,962

TOTAL EXPENSES $43,202,244

Year-over-Year Comparison

	2024	2023	Change
Revenue	$36,151,668	$36,501,284	0.0%
Expenses	$43,202,244	$41,009,593	+0.1%
Net Income	$-7,050,576	$-4,508,309	+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

696

Volunteers

154

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

$180,803

Key Employees

$8,836,312

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MICKEY LAYDEN	PRESIDENT/CEO	1.00	Director	$0	$0	$0
DR REX CABALTICA	PHYSICAN	1.00	Director	$0	$9,109	$180,803
TOD A AUGSBURGER	PRESIDENT/CEO	2.00	Key Emp	$0	$793,703	$4,261,823
JEFFREY BRILLHART	SR VICE PRESIDENT/CFO	1.00	Key Emp	$0	$240,959	$1,088,490
KATHRYN DIANE GILL	VP FOR EXTENDED CARE	1.00	Key Emp	$0	$48,796	$399,554
JEFFREY SCOTT WILSON	GENERAL COUNSEL SRVP	3.00	Key Emp	$0	$140,876	$816,378
BRIAN SMITH	SENIOR VICE PRESIDENT	4.00	Key Emp	$0	$194,419	$773,267
MELISSA TAYLOR	VICE PRESIDENT	1.00	Key Emp	$0	$83,539	$527,387
DR BRENT POWERS	PHYSICAN	1.00	Key Emp	$0	$212,612	$969,413
DR SCOTT B BOYD	PHYSICAN	0.00	Highest	$0	$85,007	$1,689,064
DR QUILLIN GOURLEY DAVIS	PHYSICAN	0.00	Highest	$0	$84,923	$1,573,206
DR DAVID K LEE	PHYSICAN	0.00	Highest	$0	$57,948	$1,731,127
DR CHARLES P TOUSSAINT	PHYSICAN	0.00	Highest	$0	$85,070	$1,982,765
DR STEPHEN E VAN HORN JR	PHYSICAN	0.00	Highest	$0	$57,948	$1,530,333

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
2025	$36,151,668	$43,202,244	$23,778,403	$-7,050,576
2024	$36,501,284	$41,009,593	$21,166,901	$-4,508,309
2023	$35,235,407	$38,107,220	$19,667,617	$-2,871,813
2022	$34,781,151	$37,134,274	$19,804,956	$-2,353,123
2021	$22,725,899	$25,880,891	$19,463,727	$-3,154,992

LEXMED INC