MEDBANK FOUNDATION INC (EIN 582149978) - 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

1994

Legal Domicile

Principal Officer

PAT EDWARDS

Phone

9123562898

Tax Period

2024-01-01 to 2024-12-31

MEDBANK FOUNDATION INC, founded in 1994, is a small nonprofit in the Health Care sector that reported $421K in total revenue in fiscal year 2024.

Mission

TO ASSIST CHRONICALLY ILL, UNINSURED, AND UNDERINSURED RESIDENTS IN OBTAINING PRESCRIPTION MEDICATIONS FREE-OF-CHARGE FROM PHARMACEUTICAL COMPANIES.

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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 $367,597

Program Service Revenue $53,198

Investment Income $0

Other Revenue $139

TOTAL REVENUE $420,934

Expense Breakdown

Grants Paid $16,836

Salaries & Benefits $256,546

Fundraising Expenses $26,005

Program Expenses $350,712

Other Expenses $149,389

TOTAL EXPENSES $422,771

Year-over-Year Comparison

	2024	2023	Change
Revenue	$420,934	$441,771	0.0%
Expenses	$422,771	$406,237	+0.0%
Net Income	$-1,837	$35,534	-1.1%

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

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

$79,358

Total Directors

$79,358

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
PAT EDWARDS	EXECUTIVE DI	40.00	Officer Director	$79,358	$0	$79,358
SISTER PATRICIA BABER	DIRECTOR	1.00	Director	$0	$0	$0
CARITA CONNOR	DIRECTOR	1.00	Director	$0	$0	$0
DR AMBER DIETRICH	DIRECTOR	1.00	Director	$0	$0	$0
I WILLIAM DROUGHT III	DIRECTOR	1.00	Director	$0	$0	$0
LESTER B JOHNSON III JD	SECRETARY	1.00	Officer Director	$0	$0	$0
DR ANNA JACKSON	DIRECTOR	1.00	Director	$0	$0	$0
JASON JONES	DIRECTOR	1.00	Director	$0	$0	$0
DR JASON MCCLUNE	DIRECTOR	1.00	Director	$0	$0	$0
ANDREA MCKEEVER	BOARD CHAIR	1.00	Officer Director	$0	$0	$0
DR LILIA MACIAS MORIARITY	DIRECTOR	1.00	Director	$0	$0	$0
ROB ROBERTS	VICE CHAIR	1.00	Officer Director	$0	$0	$0
LIZ LONGSHORE STEPHENS	DIRECTOR	1.00	Director	$0	$0	$0
SCOTT STEVENS	DIRECTOR	1.00	Director	$0	$0	$0
ADAM WALKER	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	$420,934	$422,771	$227,843	$-1,837
2023	$441,771	$406,237	$224,398	$35,534
2022	$384,635	$416,009	$189,255	$-31,374
2021	$337,541	$356,893	$248,294	$-19,352
2020	$378,573	$340,885	$287,349	$37,688
2019	$409,077	$375,502	$202,288	$33,575
2018	$306,708	$370,539	$182,472	$-63,831

MEDBANK FOUNDATION INC