KNOXVILLE ACADEMY OF MEDICINE

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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

1850

Legal Domicile

Phone

8655312766

Tax Period

2024-01-01 to 2024-12-31

KNOXVILLE ACADEMY OF MEDICINE, founded in 1850, is a small nonprofit that reported $312K in total revenue in fiscal year 2024. Revenue fell 30% from the prior year — a significant decline worth monitoring. Expenses of $294K left a modest 6% surplus.

Mission

THE ACADEMY SERVES AS THE LOCAL MEDICA SOCIETY FOR PHYSICIANS OF KNOX COUNTY AND SURROUNDING COUNTIES IN EAST TENNESSEE. ITS PURPOSE IS TO AFFORD A MEDIUM FOR FREE DISCUSSION AND EXCHANGE OF IDEAS AMONG PHYSICIANS.

Program Service Accomplishments

Program 1

Expenses: $293,791

THE ACADEMY SERVES AS THE LOCAL MEDICAL SOCIETY FOR PHYSICIANS OF KNOX COUNTY AND SURROUNDING COUNTIES IN EAST TENNESSEE. ITS PURPOSE IS TO AFFORD A MEDIUM FOR FREE DISCUSSION AND EXCHANGE OF IDEAS AMONG PHYSICIANS, ENABLING THEM TO RETAIN HIGH IDEAS OF MEDICINE AND TO CONTINUE THE UNSELFISH RENDERING OF THE HIGHEST POSSIBLE QUALITY OF MEDICAL SERVICE TO THE COMMUNITY. THE ACADEMY ALSO ENCOURAGES RESEARCH AND MEDICAL EDUCATION, DISSEMINATES ACCURATE MEDICAL INFORMATION AND KNOWLEDGE TO THE PUBLIC, SEEKS ENFORCEMENT OF LAWS PERTAINING TO THE PRACTICE OF MEDICINE, FOSTERS THE PROFESSIONAL INTERESTS OF ITS MEMBERS FURTHER WHENEVER POSSIBLE THE PRESERVATION AND IMPROVEMENT OF THE WHOLESALE OBSERVANCE OF THE PRINCIPLES OF MEDICAL ETHICS.

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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 $168,334

Program Service Revenue $109,857

Investment Income $11,311

Other Revenue $22,670

TOTAL REVENUE $312,172

Expense Breakdown

Grants Paid $0

Salaries & Benefits $235,162

Fundraising Expenses $0

Program Expenses $293,791

Other Expenses $58,629

TOTAL EXPENSES $293,791

Year-over-Year Comparison

	2024	2023	Change
Revenue	$312,172	$445,789	-0.3%
Expenses	$293,791	$470,656	-0.4%
Net Income	$18,381	$-24,867	-1.7%

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
MATTHEW DOPPELT MD	DIRECTOR	2.00	Director	$0	$0	$0
CARLEY FOWLER MD	DIRECTOR	2.00	Director	$0	$0	$0
BRIAN DALEY MD	PRESIDENT	4.00	Officer Director	$0	$0	$0
DARINKA MILEUSNIC-POLCHAN MD	DIRECTOR	2.00	Director	$0	$0	$0
DAVID HARRIS MD	PREDISENT ELECT	4.00	Officer Director	$0	$0	$0
GREG CURTIN MD	DIRECTOR	2.00	Director	$0	$0	$0
JEFF OLLIS MD	IMMEDIATE PAST PRESIDENT	4.00	Director	$0	$0	$0
JEFF GILBERT MD	TREASURER	2.00	Director	$0	$0	$0
MELISSA CHILES MD	SECRETARY	4.00	Officer Director	$0	$0	$0
PATRICK MCCONVILLE MD	DIRECTOR	2.00	Director	$0	$0	$0
ROSALIND CADIGAN MD	DIRECTOR	0.00	Director	$0	$0	$0
KIMBERLY WEAVER CAUDILL PHD	EXECUTIVE VICE PRESIDENT	40.00	Officer	$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
2024	$312,172	$293,791	$1,331,626	$18,381
2023	$445,789	$470,656	$1,335,582	$-24,867
2022	$908,192	$519,271	$1,338,805	$388,921
2021	$686,373	$484,817	$978,201	$201,556
2021	$701,373	$486,175	$978,201	$215,198
2021	$686,373	$389,147	$978,005	$297,226
2020	$493,682	$606,293	$967,821	$-112,611