LEXINGTON MEDICAL CENTER FOUNDATION INC (EIN 581876553) - 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

1989

Legal Domicile

Principal Officer

CHAD BROWN

Phone

3367164445

Tax Period

2023-01-01 to 2023-12-31

LEXINGTON MEDICAL CENTER FOUNDATION INC, founded in 1989, is a small nonprofit that reported $120K in total revenue in fiscal year 2023. Revenue surged 30% from the prior year, signaling strong growth momentum. Expenses of $161K exceeded revenue, resulting in a 34% operating deficit.

Mission

TO PROMOTE AND ADVANCE CHARITABLE, EDUCATIONAL, AND SCIENTIFIC PURPOSES BY SUPPORTING AND OPERATING FOR THE BENEFIT OF AND TO CARRY OUT THE PURPOSES OF LEXINGTON MEDICAL CENTER (DBA ATRIUM HEALTH WAKE FOREST BAPTIST LEXINGTON MEDICAL CENTER).

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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 $77,837

Program Service Revenue $0

Investment Income $0

Other Revenue $42,002

TOTAL REVENUE $119,839

Expense Breakdown

Grants Paid $143,514

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $157,913

Other Expenses $17,149

TOTAL EXPENSES $160,663

Year-over-Year Comparison

	2023	2022	Change
Revenue	$119,839	$92,027	+0.3%
Expenses	$160,663	$17,781	+8.0%
Net Income	$-40,824	$74,246	-1.5%

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

N/A

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

$2,184,390

Total Directors

$788,253

Key Employees

$298,396

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BRADLEY A CLARK	TREASURER	0.10	Officer	$1,431,976	$145,795	$1,577,771
KATIE TWOMLEY MD	DIRECTOR (TO 1/12/23)	2.00	Director	$0	$20,404	$701,966
WILLIAM B JAMES	PRESIDENT	2.00	Officer	$0	$51,951	$520,332
DANNY SQUIRES	FINANCE DIRECTOR	1.00	Key Emp	$0	$39,229	$298,396
DENISE HEGE	SECRETARY	2.00	Officer Director	$0	$15,858	$86,287
WILL MILLER	DIRECTOR	2.00	Director	$0	$0	$0
STACY VANZANT	DIRECTOR (TO 12/31/23)	2.00	Director	$0	$0	$0
RANDY TURNER	DIRECTOR (FR 1/1/23)	2.00	Director	$0	$0	$0
PAULA TURLINGTON	DIRECTOR (TO 12/31/23)	2.00	Director	$0	$0	$0
NANCY NUCKOLS	DIRECTOR	2.00	Director	$0	$0	$0
MICHELLE O'BRYANT	DIRECTOR	2.00	Director	$0	$0	$0
MEREDITH ANDREWS	DIRECTOR	2.00	Director	$0	$0	$0
LARRY LINK	DIRECTOR	2.00	Director	$0	$0	$0
KAY LEONARD	VICE CHAIR	2.00	Director	$0	$0	$0
KARL BOLSTAD MD	DIRECTOR (FR 1/1/23)	2.00	Director	$0	$0	$0
JIMMY HOLSHOUSER	DIRECTOR	2.00	Director	$0	$0	$0
JERI W BOWYER	DIRECTOR	2.00	Director	$0	$0	$0
JAMES BLACK MD	DIRECTOR	2.00	Director	$0	$0	$0
GENE KLUMP	DIRECTOR	2.00	Director	$0	$0	$0
DONALD HOLT	DIRECTOR (TO 12/31/23)	2.00	Director	$0	$0	$0
DAVID HUNEYCUTT	DIRECTOR	2.00	Director	$0	$0	$0
DANIEL TIMBERLAKE	DIRECTOR (TO 12/31/23)	2.00	Director	$0	$0	$0
BIRKE MCNEILL	CHAIR	2.00	Officer Director	$0	$0	$0
ANN EASTER	DIRECTOR (FR 1/1/23)	2.00	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	No data	No data	No data	No data
2023	$119,839	$160,663	$1,968,985	$-40,824
2022	$92,027	$17,781	$2,009,809	$74,246
2021	$240,211	$32,966	$1,935,563	$207,245
2021	$24,016	$44,764	$2,017,090	$-20,748
2020	$597,124	$681,907	$2,411,917	$-84,783
2019	$802,346	$289,973	$3,300,944	$512,373
2018	$136,813	$507,806	$2,492,863	$-370,993

LEXINGTON MEDICAL CENTER FOUNDATION INC