SOUTHSIDE MEDICAL CENTER INC (EIN 581131002) - 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

1970

Legal Domicile

Phone

4045647009

Tax Period

2024-06-01 to 2025-05-31

SOUTHSIDE MEDICAL CENTER INC, founded in 1970, is a mid-sized nonprofit in the Health Care sector that reported $33.3M in total revenue in fiscal year 2024.

Mission

TO PROVIDE HEALTH SERVICES TO THE MEDICALLY UNDER SERVED AND UNDER INSURED CLIENTS. SEE SCHEDULE O FOR ADDITIONAL DETAILS.

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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 $12,673,023

Program Service Revenue $20,505,740

Investment Income $3,540

Other Revenue $68,144

TOTAL REVENUE $33,250,447

Expense Breakdown

Grants Paid $0

Salaries & Benefits $17,111,563

Fundraising Expenses $36,851

Program Expenses $29,605,352

Other Expenses $17,658,312

TOTAL EXPENSES $34,769,875

Year-over-Year Comparison

	2024	2023	Change
Revenue	$33,250,447	$33,053,334	+0.0%
Expenses	$34,769,875	$34,387,720	+0.0%
Net Income	$-1,519,428	$-1,334,386	+0.1%

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

366

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

$1,173,580

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
GERALDINE ELDER	SECRETARY	1.0	Officer Director	$0	$0	$0
JANIS WARE	CHAIRPERSON	1.0	Officer Director	$0	$0	$0
MELVIN PRESTON	VICE CHAIRPERSON END 01/25	1.0	Officer Director	$0	$0	$0
VAUGHN REID	TREASURER	1.0	Officer Director	$0	$0	$0
FLYNN JOHNSON	MEMBER	1.0	Director	$0	$0	$0
LYNN SCROGGINS	MEMBER	1.0	Director	$0	$0	$0
MARIO TENORIO	MEMBER	1.0	Director	$0	$0	$0
MICHAEL WHITE	MEMBER BEG 05/25	1.0	Director	$0	$0	$0
RUSSELL MOOLMAN	MEMBER	1.0	Director	$0	$0	$0
STEVE BARNES	MEMBER	1.0	Director	$0	$0	$0
WILLIAM SCHARTZ	MEMBER	1.0	Director	$0	$0	$0
CLAUDIO AZZARITI	CHIEF FINANCIAL OFFICER END 03/25	40.0	Officer	$231,451	$39,516	$270,967
DR DAVID WILLIAMS	CHIEF EXECUTIVE OFFICER	40.0	Officer	$357,034	$37,679	$394,713
DR DONNA SINCLAIR	CHIEF MEDICAL OFFICER	40.0	Officer	$467,292	$40,608	$507,900
MASRESHA KASSA	CHIEF FINANCIAL OFFICER BEG 04/25	40.0	Officer	$0	$0	$0
DR AARON DOCTOR	PHYSICIAN	40.0	Highest	$185,768	$1,477	$187,245
DR HAROLD MOORE	PHYSICIAN	40.0	Highest	$175,512	$5,100	$180,612
DR IVANA SIMPSON	PHYSICIAN	40.0	Highest	$194,505	$5,097	$199,602
DR MILTONIA WOLUCHEM	PHYSICIAN	40.0	Highest	$189,008	$13,754	$202,762
DR TORRIE BATTLE	DENTIST	40.0	Highest	$168,332	$14,250	$182,582

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	$33,250,447	$34,769,875	$22,821,072	$-1,519,428
2024	$33,053,334	$34,387,720	$24,463,836	$-1,334,386
2023	$35,375,747	$34,221,757	$26,804,127	$1,153,990
2022	$36,209,944	$33,383,013	$23,753,864	$2,826,931
2021	$32,397,449	$30,833,767	$23,738,414	$1,563,682
2020	$28,912,348	$27,616,020	$22,122,314	$1,296,328
2019	$27,722,554	$26,285,048	$20,172,029	$1,437,506
2018	$25,856,668	$24,660,322	$18,210,976	$1,196,346

SOUTHSIDE MEDICAL CENTER INC