Martin Memorial Foundation Inc

EIN: 592343938 501(c)(3) Health Care

Stuart, FL

Total Revenue
$11,572,630
Total Expenses
$8,043,464
Total Assets
$55,922,328
Net Assets
$52,539,137
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1983
Legal Domicile
FL
Phone
7722875200
Tax Period
2017-10-01 to 2018-09-30

Martin Memorial Foundation Inc, founded in 1983, is a mid-sized nonprofit in the Health Care sector that reported $11.6M in total revenue in fiscal year 2017. Revenue fell 28% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $3.5M, a strong 30% operating margin.

Mission

Martin Memorial Foundation supports Martin Memorial Health Systems, a not-for-profit hospital system by raising funds for capital equipment, education and general operations of the hospital.

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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%)

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Financial Overview (2017)

Revenue Breakdown

Contributions & Grants $11,384,068
Program Service Revenue $0
Investment Income $389,704
Other Revenue $-201,142
TOTAL REVENUE $11,572,630

Expense Breakdown

Grants Paid $5,438,779
Salaries & Benefits $1,797,417
Fundraising Expenses $2,117,007
Program Expenses $5,438,779
Other Expenses $744,895
TOTAL EXPENSES $8,043,464

Year-over-Year Comparison

2017 2016 Change
Revenue $11,572,630 $16,122,161 -0.3%
Expenses $8,043,464 $7,257,919 +0.1%
Net Income $3,529,166 $8,864,242 -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

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Financial Distress Indicator

Liquidity & Cash Position

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Governance

Voting Members
32
Independent Members
29
Employees
13
Volunteers
57

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
6
$2,211,391
Total Directors
34
$2,589,860
Key Employees
0
$0
Highest Compensated
1
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
N/A PRESIDENT/CEO 1.0
Officer Director
$0 $259,966 $1,048,973
N/A CHAIRMAN 1.0
Officer Director
$0 $0 $0
N/A VICE CHAIRMAN 1.0
Officer Director
$0 $0 $0
N/A SECRETARY 1.0
Officer Director
$0 $0 $0
N/A TREASURER/cfo 1.0
Officer Director
$0 $139,881 $858,034
N/A vp/cpo 50.0
Officer Director
$233,250 $71,134 $304,384
N/A director 1.0
Director
$0 $0 $0
N/A director (partial year - THROUGH April 2018) 1.0
Director
$0 $63,896 $378,469
N/A DIRECTOR 1.0
Director
$0 $0 $0
N/A DIRECTOR 1.0
Director
$0 $0 $0
N/A DIRECTOR 1.0
Director
$0 $0 $0
N/A DIRECTOR 1.0
Director
$0 $0 $0
N/A DIRECTOR 1.0
Director
$0 $0 $0
N/A DIRECTOR 1.0
Director
$0 $0 $0
N/A DIRECTOR 1.0
Director
$0 $0 $0
N/A DIRECTOR 1.0
Director
$0 $0 $0
N/A DIRECTOR 1.0
Director
$0 $0 $0
N/A DIRECTOR 1.0
Director
$0 $0 $0
N/A DIRECTOR (PARTIAL YEAR - THROUGH APRIL 2018) 1.0
Director
$0 $0 $0
N/A DIRECTOR 1.0
Director
$0 $0 $0
N/A DIRECTOR 1.0
Director
$0 $0 $0
N/A DIRECTOR 1.0
Director
$0 $0 $0
N/A DIRECTOR 1.0
Director
$0 $0 $0
N/A DIRECTOR 1.0
Director
$0 $0 $0
N/A DIRECTOR 1.0
Director
$0 $0 $0
N/A DIRECTOR 1.0
Director
$0 $0 $0
N/A DIRECTOR 1.0
Director
$0 $0 $0
N/A DIRECTOR 1.0
Director
$0 $0 $0
N/A DIRECTOR 1.0
Director
$0 $0 $0
N/A DIRECTOR 1.0
Director
$0 $0 $0
N/A DIRECTOR 1.0
Director
$0 $0 $0
N/A DIRECTOR 1.0
Director
$0 $0 $0
N/A DIRECTOR (PARTIAL YEAR - STARTING APRIL 2018) 1.0
Director
$0 $0 $0
N/A DIRECTOR (PARTIAL YEAR - STARTING APRIL 2018) 1.0
Director
$0 $0 $0
N/A Director of Development 50.0
Highest
$189,488 $20,334 $209,822
N/A FORMER CEO 0.0
$0 $20,442 $1,316,822
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
2018 $11,572,630 $8,043,464 $55,922,328 $3,529,166
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