Commonwealth Health Free Clinic Inc

EIN: 611292739 501(c)(3) Health Care

Bowling Green, KY

Total Revenue
$1,063,888
Total Expenses
$1,009,501
Total Assets
$1,341,734
Net Assets
$1,245,196
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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
1995
Legal Domicile
KY
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.

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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%)

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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
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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

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Governance

Voting Members
7
Independent Members
4
Employees
N/A
Volunteers
50

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
8
$3,601,513
Total Directors
7
$2,173,559
Key Employees
0
$0
Highest Compensated
0
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
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