Monticello Medical Associates Inc (EIN 610901605) - 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

1976

Legal Domicile

Principal Officer

Robert Parmelee

Phone

6063483365

Tax Period

2024-07-01 to 2025-06-30

Monticello Medical Associates Inc, founded in 1976, is a mid-sized nonprofit in the Health Care sector that reported $10.4M in total revenue in fiscal year 2024. Revenue grew 10% year-over-year, indicating healthy expansion. Expenses of $9.3M left a modest 10% surplus.

Mission

To maintain the highest standard of medical care while serving the underserved communities of Wayne County, Kentucky. As specialists in primary care, we seek to provide excellent, comprehensive, patient centered healthcare in order to improve and maintain the quality of life of each member of the family.

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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 $0

Program Service Revenue $9,052,648

Investment Income $0

Other Revenue $1,306,120

TOTAL REVENUE $10,358,768

Expense Breakdown

Grants Paid $0

Salaries & Benefits $4,959,574

Fundraising Expenses $0

Program Expenses $8,855,554

Other Expenses $4,347,358

TOTAL EXPENSES $9,306,932

Year-over-Year Comparison

	2024	2023	Change
Revenue	$10,358,768	$9,454,257	+0.1%
Expenses	$9,306,932	$8,259,696	+0.1%
Net Income	$1,051,836	$1,194,561	-0.1%

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

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

$179,585

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Robert Parmelee	CEO	40.00	Officer	$179,585	$0	$179,585
Joyce Bell	Chairperson	2.00	Officer Director	$0	$0	$0
Sherry Barnes	Secretary	1.00	Officer Director	$0	$0	$0
Barbara Turpin	Treasurer	2.00	Officer Director	$0	$0	$0
Robert Leon Allen	Vice President	1.00	Officer Director	$0	$0	$0
Diane Sutton	Director	1.00	Director	$0	$0	$0
Brenda Pryor	Director	1.00	Director	$0	$0	$0
Joyce Owens	Director	1.00	Director	$0	$0	$0
Shelia Hickey	Director	0.00	Director	$0	$0	$0
Gordon T Germain	Director	0.00	Director	$0	$0	$0
Gordon Hicks	Director	0.00	Director	$0	$0	$0
Kelly McFarland	Director	0.00	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	$10,358,768	$9,306,932	$9,395,497	$1,051,836
2024	No data	No data	No data	No data
2023	$10,088,209	$8,175,906	$7,380,040	$1,912,303
2020	$2,251,991	$2,393,695	$926,531	$-141,704

Monticello Medical Associates Inc