TWIN LAKES MEDICAL FOUNDATION INC (EIN 611269278) - 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

1994

Legal Domicile

Principal Officer

TREVOR RAY

Phone

2702593159

Tax Period

2022-07-01 to 2023-06-30

TWIN LAKES MEDICAL FOUNDATION INC, founded in 1994, is a micro nonprofit that reported $74K in total revenue in fiscal year 2022. Revenue surged 52851% from the prior year, signaling strong growth momentum. Expenses of $386K exceeded revenue, resulting in a 425% operating deficit.

Mission

PROVIDING OF HEALTHCARE FOR THE REGION

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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 $0

Investment Income $35

Other Revenue $73,567

TOTAL REVENUE $73,602

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $386,258

Other Expenses $386,258

TOTAL EXPENSES $386,258

Year-over-Year Comparison

	2022	2021	Change
Revenue	$73,602	$139	+528.5%
Expenses	$386,258	$717,044	-0.5%
Net Income	$-312,656	$-716,905	-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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DAVID DOWNS	VICE PRESIDE	1.00	Director	$0	$0	$0
DENNIS FENTRESS	DIRECTOR	1.00	Director	$0	$0	$0
EDWIN MCKINNEY	SECRETARY/TR	1.00	Director	$0	$0	$0
BRETT ABNEY OD	DIRECTOR	1.00	Director	$0	$0	$0
TREVOR RAY	PRESIDENT	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
2023	$1,322	$264,906	No data	$-263,584
2023	$73,602	$386,258	$263,584	$-312,656
2022	$139	$717,044	$648,538	$-716,905
2021	$58,827,599	$4,987,104	$1,728,012	$53,840,495
2021	$58,790,779	$4,762,175	$1,485,704	$54,028,604
2020	$4,472,938	$8,832,098	$1,678,817	$-4,359,160
2019	$5,046,134	$8,864,274	$1,610,693	$-3,818,140
2018	$4,876,530	$7,751,984	$2,475,459	$-2,875,454

TWIN LAKES MEDICAL FOUNDATION INC