UNIVERSITY MEDICAL FOUNDATION INC (EIN 611267284) - 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

1993

Legal Domicile

Principal Officer

KIM WILLIAMS MD

Phone

5028521609

Tax Period

2022-07-01 to 2023-06-30

UNIVERSITY MEDICAL FOUNDATION INC, founded in 1993, is a community nonprofit in the Education sector that reported $1.6M in total revenue in fiscal year 2022. Revenue decreased 14% compared to the prior year. The organization ran a surplus of $1.5M, a strong 91% operating margin.

Mission

THE ENTITY'S PRIMARY EXEMPT PURPOSE IS TO COLLECT FINANCIAL SUPPORT FOR THE ACADEMIC AND CLINICAL PROGRAMS OF THE UNIVERSITY OF LOUISVILLE SCHOOL OF MEDICINE.

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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 (2022)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $1,571,864

Investment Income $28,244

Other Revenue $0

TOTAL REVENUE $1,600,108

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $124,510

Other Expenses $140,491

TOTAL EXPENSES $140,491

Year-over-Year Comparison

	2022	2021	Change
Revenue	$1,600,108	$1,862,785	-0.1%
Expenses	$140,491	$89,521	+0.6%
Net Income	$1,459,617	$1,773,264	-0.2%

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

N/A

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

$1,310,722

Total Directors

$1,977,658

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KIM WILLIAMS MD	PRESIDENT	0.10	Officer Director	$0	$6,800	$426,800
ROSEMARY OUSEPH	VICE PRESIDENT	0.10	Officer Director	$0	$24,303	$422,634
KEVIN HOLLAND THROUGH 22023	TREASURER	0.10	Officer Director	$0	$32,328	$304,125
SHERRY HERTEL	SECTRETARY	0.10	Officer Director	$0	$22,158	$157,163
JENNIFER KOCH	TRUSTEE	0.10	Director	$0	$35,621	$338,261
CLAY SMITH	TRUSTEE	0.10	Director	$0	$32,031	$328,675

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	No data	No data	No data	No data
2024	No data	No data	No data	No data
2023	$1,600,108	$140,491	$15,658,425	$1,459,617
2022	$1,862,785	$89,521	$14,198,808	$1,773,264
2021	$1,582,627	$1,677,833	$12,425,544	$-95,206
2020	$827,393	$1,677,640	$12,520,750	$-850,247
2019	$48,001	$1,494,223	$13,370,997	$-1,446,222
2018	$784,710	$2,974,113	$14,817,219	$-2,189,403

UNIVERSITY MEDICAL FOUNDATION INC