North Florida Medical Centers Inc

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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

1978

Legal Domicile

Principal Officer

Lane M Lunn

Phone

8502986040

Tax Period

2024-04-01 to 2025-03-31

North Florida Medical Centers Inc, founded in 1978, is a mid-sized nonprofit in the Health Care sector that reported $17.9M in total revenue in fiscal year 2024. Expenses of $17.3M left a modest 3% surplus.

Mission

To increase access to quality healthcare and improve the overall health of the community.

Program Service Accomplishments

Program 1

Expenses: $11,312,865 Revenue: $8,400,333

NFMC operates ten medical centers in North Florida. NFMC provides general primary care, diagnostic laboratory, urgent medical care, family planning, HIV testing, immunizations, gynecological care...

NFMC operates ten medical centers in North Florida. NFMC provides general primary care, diagnostic laboratory, urgent medical care, family planning, HIV testing, immunizations, gynecological care, hearing screening, nutritional care, vision screening, health education, translation services, and community outreach to the underserved, uninsured, low-income, and indigent of North Florida.

Program 2

Expenses: $2,050,121 Revenue: $1,026,240

NFMC operates three dental centers in North Florida. NFMC provides preventive, restorative, and emergency dental care services to the underserved, uninsured, low-income, and indigent of North Florida.

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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 $8,500,429

Program Service Revenue $9,133,678

Investment Income $183,428

Other Revenue $67,045

TOTAL REVENUE $17,884,580

Expense Breakdown

Grants Paid $0

Salaries & Benefits $11,265,416

Fundraising Expenses $0

Program Expenses $13,362,986

Other Expenses $6,072,918

TOTAL EXPENSES $17,338,334

Year-over-Year Comparison

	2024	2023	Change
Revenue	$17,884,580	$18,538,518	0.0%
Expenses	$17,338,334	$23,394,931	-0.3%
Net Income	$546,246	$-4,856,413	-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

226

Volunteers

N/A

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

$633,509

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Lane M Lunn	CEO	40.00	Officer	$200,189	$43,423	$243,612
Jeffrey Wasserman	Provider	40.00	Highest	$215,070	$24,481	$239,551
Patrick Brown	Chief Medical Officer	40.00	Officer	$207,676	$23,470	$231,146
Christian Hernandez Nazario	Provider	40.00	Highest	$178,913	$19,964	$198,877
Bogdan Maliszewski	Provider	40.00	Highest	$174,639	$22,041	$196,680
Jenifer Brickler	Provider	40.00	Highest	$170,524	$6,942	$177,466
Jennifer Whitfield	Provider	40.00	Highest	$148,880	$18,465	$167,345
Victoria Wiggins	CFO	40.00	Officer	$140,675	$18,076	$158,751
Grayson Shepard	Board member	1.00	Director	$0	$0	$0
Johnny Henderson	Board member	1.00	Director	$0	$0	$0
Barbara Coulthurst	Board Treasurer	1.00	Director	$0	$0	$0
Patrick Williams	Board member	1.00	Director	$0	$0	$0
Perla Palomo	Board Secretary	1.00	Director	$0	$0	$0
Berta Jean Kemp	Board member	1.00	Director	$0	$0	$0
Anne Tucker	Board Chair	1.00	Director	$0	$0	$0
Ella Mae Parrish	Board member	1.00	Director	$0	$0	$0
Stan Johnson	Board member	1.00	Director	$0	$0	$0
Benjamin Harris	Board member	1.00	Director	$0	$0	$0
Frank Williams	Board Vice Chair	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
2025	$17,884,580	$17,338,334	$26,903,461	$546,246
2024	$18,538,518	$23,394,931	$26,832,006	$-4,856,413
2023	$19,560,190	$18,284,100	$25,619,881	$1,276,090
2022	$18,753,953	$17,644,651	$24,539,952	$1,109,302
2021	$19,532,773	$15,264,359	$21,957,444	$4,268,414
2020	$15,342,404	$14,281,848	$17,519,648	$1,060,556
2019	$14,047,027	$13,546,527	$16,729,743	$500,500