HARVEST FREE MEDICAL CLINIC (EIN 571145916) - 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

MARTIN SMITH

Phone

8437473526

Tax Period

2024-01-01 to 2024-12-31

HARVEST FREE MEDICAL CLINIC, founded in 2003, is a small nonprofit in the Health Care sector that reported $345K in total revenue in fiscal year 2024. Revenue grew 15% year-over-year, indicating healthy expansion. Net assets of $1.2M represent 43 months of operating reserves.

Mission

Provide free medical care for those without resources to pay in the Charleston Tricounty area.

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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 $299,296

Program Service Revenue $10,000

Investment Income $35,808

Other Revenue $0

TOTAL REVENUE $345,104

Expense Breakdown

Grants Paid $0

Salaries & Benefits $283,518

Fundraising Expenses $0

Program Expenses $330,690

Other Expenses $88,490

TOTAL EXPENSES $372,008

Year-over-Year Comparison

	2024	2023	Change
Revenue	$345,104	$300,285	+0.1%
Expenses	$372,008	$256,827	+0.4%
Net Income	$-26,904	$43,458	-1.6%

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

N/A

Employees

Volunteers

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

$70,000

Total Directors

$140,000

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MARTIN SMITH MD	Chairman	40.00	Officer Director	$70,000	$0	$70,000
BRIAN A REINHARDT MD	Director	10.00	Director	$70,000	$0	$70,000
John David Williamson MD	Director	1.00	Director	$0	$0	$0
DEBORAH GASKINS	Director	3.00	Director	$0	$0	$0
LOY STEWART JR	Director	1.00	Director	$0	$0	$0
LEO FARY	Director	1.00	Director	$0	$0	$0
CRAIG TUCK	Director	1.00	Director	$0	$0	$0
TODD VASKO MD	Director	1.00	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	$345,104	$372,008	$1,247,181	$-26,904
2023	$300,285	$256,827	$1,161,221	$43,458
2022	$276,694	$239,209	$1,117,075	$37,485
2021	$299,879	$238,288	$1,080,221	$61,591
2020	$288,458	$238,055	$1,018,967	$50,403
2019	$262,790	$226,510	$967,554	$36,280
2018	$279,381	$261,109	$931,274	$18,272

HARVEST FREE MEDICAL CLINIC