Commonwealth Health Free Clinic Inc

🔒

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

Financial Trends

Organization Details

Formation Year

1995

Legal Domicile

Phone

2707451551

Tax Period

2024-04-01 to 2025-03-31

Commonwealth Health Free Clinic Inc, founded in 1995, is a community nonprofit in the Health Care sector that reported $1.1M in total revenue in fiscal year 2024. Expenses of $1.0M left a modest 5% surplus.

Mission

THE COMMONWEALTH HEALTH FREE CLINIC PROVIDES BASIC MEDICAL AND DENTAL SERVICES FOR INDIVIDUALS WHO STRUGGLE WITH APPROPRIATE OR AFFORDABLE ACCESS TO HEALTHCARE.

Program Service Accomplishments

Program 1

Expenses: $991,738 Revenue: $180,033

COMMONWEALTH HEALTH FREE CLINIC, INC. ("CHFC") OPENED ON JANUARY 2, 1996 TO PROVIDE BASIC MEDICAL AND DENTAL DIAGNOSTIC AND TREATMENT SERVICES FOR THE UNINSURED AND UNDERINSURED OF SOUTH-CENTRAL...

COMMONWEALTH HEALTH FREE CLINIC, INC. ("CHFC") OPENED ON JANUARY 2, 1996 TO PROVIDE BASIC MEDICAL AND DENTAL DIAGNOSTIC AND TREATMENT SERVICES FOR THE UNINSURED AND UNDERINSURED OF SOUTH-CENTRAL KENTUCKY. CHFC ALSO SERVES INDIVIDUALS WHO MAY BE COVERED BY SOME FORM OF INSURANCE, BUT WHO ARE UNABLE TO ACCESS A PROVIDER FOR ACUTE OR CHRONIC HEALTH ISSUES. SEE SCHEDULE O FOR ADDITIONAL INFORMATION.

🔒

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%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $883,469

Program Service Revenue $180,033

Investment Income $95

Other Revenue $291

TOTAL REVENUE $1,063,888

Expense Breakdown

Grants Paid $0

Salaries & Benefits $150,874

Fundraising Expenses $0

Program Expenses $991,738

Other Expenses $858,627

TOTAL EXPENSES $1,009,501

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,063,888	$1,115,374	0.0%
Expenses	$1,009,501	$1,003,005	+0.0%
Net Income	$54,387	$112,369	-0.5%

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

Governance

Voting Members

Independent Members

Employees

N/A

Volunteers

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

$3,601,513

Total Directors

$2,173,559

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DR MARK YURCHISIN	CHAIRMAN	2.0	Officer Director	$0	$0	$2,740
DR MICHAEL HUBBARD	VICE CHAIR	2.0	Officer Director	$0	$0	$2,740
MR DAVID GRAY	EXECUTIVE VICE PRESIDENT	2.0	Officer Director	$0	$49,504	$503,354
MR JOE NATCHER	SECRETARY	2.0	Officer Director	$0	$0	$2,740
MS CONNIE D SMITH	CEO / PRESIDENT	2.0	Officer Director	$0	$132,368	$1,486,205
DR JOSH PHILLIPS	DIRECTOR / DENTIST	40.0	Director	$150,874	$22,166	$173,040
MRS CATHY BISHOP	DIRECTOR	2.0	Director	$0	$0	$2,740
MR WADE STONE	EXECUTIVE VICE PRESIDENT	2.0	Officer	$0	$80,371	$546,106
MS KATRINA WOOD	EVP / CHIEF NURSING OFFICER	2.0	Officer	$0	$89,125	$406,156
MS MICHELE W LAWLESS	EXECUTIVE VICE PRESIDENT / CFO	2.0	Officer	$0	$111,149	$651,472

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	$1,063,888	$1,009,501	$1,341,734	$54,387
2024	$1,115,374	$1,003,005	$1,255,567	$112,369
2023	$940,676	$906,105	$1,162,720	$34,571
2022	$879,210	$808,518	$1,107,540	$70,692
2021	$1,343,353	$778,883	$1,031,792	$564,470
2020	$1,243,894	$1,252,839	$532,130	$-8,945
2019	$1,254,135	$1,370,392	$517,335	$-116,257
2018	$997,453	$1,279,068	$640,262	$-281,615