MEDIC INC (EIN 620598756) - 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

1958

Legal Domicile

Principal Officer

H ALAN WATSON

Phone

8655243074

Tax Period

2024-05-01 to 2025-04-30

MEDIC INC, founded in 1958, is a mid-sized nonprofit in the Health Care sector that reported $22.6M in total revenue in fiscal year 2024. Revenue grew 13% year-over-year, indicating healthy expansion. Expenses of $21.9M left a modest 3% surplus.

Mission

PROVIDING A SAFE, ADEQUATE AND ECONOMICAL SUPPLY OF BLOOD AND BLOOD RELATED PRODUCTS AND SERVICES

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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 $1,579,397

Program Service Revenue $20,110,671

Investment Income $932,748

Other Revenue $0

TOTAL REVENUE $22,622,816

Expense Breakdown

Grants Paid $0

Salaries & Benefits $10,158,731

Fundraising Expenses $0

Program Expenses $18,693,848

Other Expenses $11,782,574

TOTAL EXPENSES $21,941,305

Year-over-Year Comparison

	2024	2023	Change
Revenue	$22,622,816	$20,025,739	+0.1%
Expenses	$21,941,305	$19,187,782	+0.1%
Net Income	$681,511	$837,957	-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

171

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

$1,046,520

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ALAN WATSON	PRESIDENT/CEO	40.00	Officer	$325,978	$21,239	$347,217
TOM WATKINS DO	VP, CMO	40.00	Officer	$263,094	$16,789	$279,883
DEBBIE CARPER THROUGH 8924	VP CFO	40.00	Officer	$228,871	$10,312	$239,183
TRACIE SAVAGE	VP, COO	40.00	Officer	$164,261	$15,976	$180,237
MARTHA COX	VP CQO	40.00	Highest	$153,958	$13,062	$167,020
STEPHEN SMITH	MANAGER LAB PROCESS AND CO	40.00	Highest	$118,698	$11,825	$130,523
GREG SHAW	DIRECTOR MOBILE COLLECTION	40.00	Highest	$110,133	$15,176	$125,309
NATHAN CASS	DIRECTOR CLINICAL SERVICES	40.00	Highest	$109,931	$4,957	$114,888
SHAWN KIRKPATRICK	DIRECTOR IT	40.00	Highest	$109,508	$10,863	$120,371
JACK BRYAN	CHAIRMAN	2.00	Officer Director	$0	$0	$0
JOE MCDONALD	VICE CHAIRMAN	2.00	Officer Director	$0	$0	$0
MITCHELL PANTER	SECRETARY	2.00	Officer Director	$0	$0	$0
JAMES HARRISON	TREASURER	2.00	Officer Director	$0	$0	$0
TIM PANELLA MD	DIRECTOR	1.00	Director	$0	$0	$0
ZACHARY LEWIS MD	DIRECTOR	1.00	Director	$0	$0	$0
FRANK J BEUERLEIN MD	DIRECTOR	1.00	Director	$0	$0	$0
STEVE MILLER	DIRECTOR	1.00	Director	$0	$0	$0
SCOTT MASHBURN	DIRECTOR	1.00	Director	$0	$0	$0
TINA MINNICK	DIRECTOR	1.00	Director	$0	$0	$0
JAN VAN DYNE	DIRECTOR	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
2025	$22,622,816	$21,941,305	$30,973,173	$681,511
2024	$20,025,739	$19,187,782	$29,837,373	$837,957
2023	$17,198,814	$17,481,287	$27,444,219	$-282,473
2022	$20,441,555	$18,241,053	$27,972,066	$2,200,502
2021	$20,082,325	$17,172,666	$27,172,218	$2,909,659
2020	$16,434,673	$16,011,871	$20,566,777	$422,802
2019	$17,662,197	$17,254,989	$21,486,513	$407,208

MEDIC INC