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
🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Sign In — Free (10 views/day)

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

The Martin Memorial Foundation generates financial support for patient care, education and clinical research for Martin Memorial Health Systems to support its mission: "To provide exceptional health care, hope and compassion to every person, every time".

Program Service Accomplishments

Program 1
Expenses: $4,521,113 Revenue: $0

MARTIN MEMORIAL FOUNDATION PROVIDED SUPPORT TO MARTIN MEMORIAL MEDICAL CENTER A NOT-FOR-PROFIT HOSPITAL BECAUSE OF ITS CONTINUING MISSION OF PROVIDING OUTSTANDING PATIENT CARE TO MARTIN AND SOUTHERN...

Read more

MARTIN MEMORIAL FOUNDATION PROVIDED SUPPORT TO MARTIN MEMORIAL MEDICAL CENTER A NOT-FOR-PROFIT HOSPITAL BECAUSE OF ITS CONTINUING MISSION OF PROVIDING OUTSTANDING PATIENT CARE TO MARTIN AND SOUTHERN ST. LUCIE COUNTIES. THE FOUNDATION'S CHRYSANTHEMUM BALL HAS BECOME AN ANNUAL EVENT IN MARTIN COUNTY INVOLVING MANY COMMUNITY MEMBERS AND BUSINESSES. THE PURPOSE OF THE BALL IS TO RAISE FUNDS FOR MARTIN MEMORIAL MEDICAL CENTER. THE FOUNDATION ALSO HAS THE GOOMBAY BASH EVENT ANNUALLY. THE GOOMBAY BASH RAISES FUNDS TO SUPPORT THE MATERNAL CHILD SERVICES DEPARTMENT AT MARTIN MEMORIAL MEDICAL CENTER. THE GOOMBAY EVENT HAS MADE IT POSSIBLE FOR THE FOUNDATION TO FUND VARIOUS INITIATIVES AT THE MATERIAL CHILD SERVICES DEPARTMENT, INCLUDING THE PURCHASE OF PEDIATRIC REHAB EQUIPMENT, BASSINETS, BOOKS, AND MADE IT POSSIBLE FOR NURSING STAFF TO MAKE FOLLOW UP VISITS TO THE HOMES OF NEW BORN BABIES AND THEIR MOTHERS.

Program 2
Expenses: $895,704 Revenue: $0

MARTIN MEMORIAL FOUNDATION PROVIDED SUPPORT TO COASTAL CARE CORPORATION, A NOT FOR PROFIT HEALTH CARE CORPORATION. WITH THE FUNDING PROVIDED BY THE FOUNDATION, COASTAL CARE WAS ABLE TO PROVIDE FREE...

Read more

MARTIN MEMORIAL FOUNDATION PROVIDED SUPPORT TO COASTAL CARE CORPORATION, A NOT FOR PROFIT HEALTH CARE CORPORATION. WITH THE FUNDING PROVIDED BY THE FOUNDATION, COASTAL CARE WAS ABLE TO PROVIDE FREE MAMMOGRAPHY SERVICES TO WOMEN THROUGH ITS DIAGNOSTIC LABORATORIES. COASTAL CARE CORPORATION SERVED 108,476 PATIENTS THROUGH ITS DIAGNOSTIC AND MRI FACILITIES, 13,155 PATIENTS THROUGH ITS MEDICAL CENTER WALK IN CLINICS, AND PROVIDED 12,496 PATIENT TRANSPORTS THROUGH ITS AMBULANCE SERVICES DURING FY18.

Program 3
Expenses: $21,962 Revenue: $0

MARTIN MEMORIAL FOUNDATION PAYS FOR VARIOUS MEDICAL AND DENTAL PROCEDURES FOR INDIGENT CHILDREN. THESE PAYMENTS ARE MADE DIRECTLY TO THE HEALTH CARE PROVIDER.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Sign In — Free (10 views/day)

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
🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Sign In

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
Explore More Nonprofits
→Top 100 Nonprofits in Florida →Largest U.S. Nonprofits →Best Rated Nonprofits →Most Efficient Nonprofits

Compare Martin Memorial Foundation Inc with other nonprofits in Florida and across the country.

We Value Your Privacy
We use cookies and similar technologies to analyze site traffic and improve your experience. By clicking "Accept All", you consent to our use of cookies for analytics and measurement.