MEDICAL COLLEGE OF GEORGIA FOUNDATION INCORPORATED (EIN 580706796) - 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

1954

Legal Domicile

Principal Officer

CHARLES G GREEN JR MD

Phone

7068235500

Tax Period

2022-07-01 to 2023-06-30

MEDICAL COLLEGE OF GEORGIA FOUNDATION INCORPORATED, founded in 1954, is a mid-sized nonprofit in the Education sector that reported $16.2M in total revenue in fiscal year 2022. Revenue grew 12% year-over-year, indicating healthy expansion. The organization ran a surplus of $3.6M, a strong 22% operating margin.

Mission

THE MEDICAL COLLEGE OF GEORGIA FOUNDATION'S MOST SIGNIFICANT ACTIVITIES INVOLVE RECEIPTING, INVESTING AND DISTRIBUTING FUNDS FOR THE BENEFIT OF MEDICAL COLLEGE OF GEORGIA AND THE HEALTH SCIENCES AT AUGUSTA UNIVERSITY AND ITS RELATED TEACHING HOSPITAL. THE FOUNDATION WORKS WITH DONORS SEEKING TO MAKE CHARITABLE CONTRIBUTIONS FOR THE BENEFIT OF THE MEDICAL SCIENCES AT AUGUSTA UNIVERSITY. IT ALSO DISTRIBUTES MONIES TO THE MEDICAL SCIENCES AT AUGUSTA UNIVERSITY WHILE PROVIDING OVERSIGHT AND STEWARDSHIP OF THE CHARITABLE FUNDS ENTRUSTED TO IT.

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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 (2022)

Revenue Breakdown

Contributions & Grants $14,330,039

Program Service Revenue $0

Investment Income $2,748,851

Other Revenue $-863,990

TOTAL REVENUE $16,214,900

Expense Breakdown

Grants Paid $9,487,963

Salaries & Benefits $1,880,350

Fundraising Expenses $828,002

Program Expenses $9,577,226

Other Expenses $1,246,296

TOTAL EXPENSES $12,614,609

Year-over-Year Comparison

	2022	2021	Change
Revenue	$16,214,900	$14,423,527	+0.1%
Expenses	$12,614,609	$12,128,467	+0.0%
Net Income	$3,600,291	$2,295,060	+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

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

$862,859

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
IAN S MERCIER	PRESIDENT/CEO	40.00	Officer	$272,665	$61,634	$334,299
MARTYN JONES	PACELINE PRESIDENT	40.00	Officer	$198,000	$31,849	$229,849
ANGELA REES	CFO	40.00	Officer	$156,875	$22,648	$179,523
JAMES HOLMES	VP, PACELINE	40.00	Highest	$119,900	$28,857	$148,757
JOHN ELLINGER	DIRECTOR OF IT	40.00	Highest	$105,910	$22,640	$128,550
TIM KEARNEY	COO	40.00	Officer	$102,025	$17,163	$119,188
CHARLES G GREEN JR MD	CHAIRMAN	0.30	Officer Director	$0	$0	$0
LOYD B SCHNUCK JR MD	SECRETARY/TREASURER	0.30	Officer Director	$0	$0	$0
J BENJAMIN DEAL DMD	PAST CHAIRMAN	0.30	Officer Director	$0	$0	$0
BROOKS KEEL PHD	EX OFFICIO	0.30	Director	$0	$0	$0
BUFFI G BOYD MD	DIRECTOR	0.30	Director	$0	$0	$0
RICHARD M FRANZA PHD	DIRECTOR	0.30	Director	$0	$0	$0
SAM W RICHWINE JR MD	DIRECTOR	0.30	Director	$0	$0	$0
JUDITH V HODNETT RN MSN	DIRECTOR	0.30	Director	$0	$0	$0
RON SPEARMAN MD	DIRECTOR	0.30	Director	$0	$0	$0
CAROLE M HANES DMD	DIRECTOR	0.30	Director	$0	$0	$0
DON GRANTHAM	DIRECTOR	0.30	Director	$0	$0	$0
TAT THOMPSON	DIRECTOR	0.30	Director	$0	$0	$0
JOSHUA A LANE MD	DIRECTOR	0.30	Director	$0	$0	$0
ELLEN GOODRICH BSN MN	DIRECTOR	0.30	Director	$0	$0	$0
MURRAY A FREEDMAN MD	DIRECTOR	0.30	Director	$0	$0	$0
JAMES DAVIS MD FACRA	DIRECTOR	0.30	Director	$0	$0	$0
TERRI G LOCKHART MD FACP	DIRECTOR	0.30	Director	$0	$0	$0
VENDIE HHOOKS MD	DIRECTOR	0.30	Director	$0	$0	$0
PAUL G TURK MD	DIRECTOR	0.30	Director	$0	$0	$0
A LYNNE BRANNEN II MD FCCP	DIRECTOR	0.30	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
2025	No data	No data	No data	No data
2024	No data	No data	No data	No data
2023	$16,214,900	$12,614,609	$348,977,270	$3,600,291
2022	$14,423,527	$12,128,467	$324,381,172	$2,295,060
2021	$12,607,438	$10,512,793	$352,081,028	$2,094,645
2020	$-11,146,185	$10,173,087	$273,325,909	$-21,319,272
2019	$62,267,176	$8,827,015	$274,437,551	$53,440,161
2018	$15,589,786	$8,870,363	$263,694,042	$6,719,423

MEDICAL COLLEGE OF GEORGIA FOUNDATION INCORPORATED