MEDICAL FINANCIAL SERVICES 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

1982

Legal Domicile

Principal Officer

JASON M LITTLE

Phone

9018217163

Tax Period

2023-10-01 to 2024-09-30

MEDICAL FINANCIAL SERVICES INC, founded in 1982, is a small nonprofit in the Health Care sector that reported $203K in total revenue in fiscal year 2023. Revenue fell 65% from the prior year — a significant decline worth monitoring. Expenses of $404K exceeded revenue, resulting in a 99% operating deficit.

Mission

MEDICAL FINANCIAL SERVICES, INC.'S MISSION IS TO PROVIDE ALL OF OUR CLIENTS A COMPREHENSIVE RANGE OF ACCOUNTS RECEIVABLE MANAGEMENT AND COLLECTION SERVICES; PROVIDE SERVICES IN THE MOST COST EFFECTIVE MANNER; DEMONSTRATE A COLLABORATIVE SPIRIT IN WORKING WITH ALL OF OUR CLIENTS; AND CONDUCT ALL OF ITS ACTIVITIES IN AN ATMOSPHERE OF CHRISTIAN INFLUENCE AND COMPASSION CONSISTENT WITH THE OVERALL MISSION OF BAPTIST MEMORIAL HEALTH CARE CORPORATION.

Program Service Accomplishments

Program 1

Expenses: $323,253 Revenue: $202,808

MEDICAL FINANCIAL SERVICES, INC. PROVIDES COLLECTION SERVICES FOR BAPTIST MEMORIAL HEALTH CARE CORPORATION OWNED OR MANAGED FACILITIES IN THE MEMPHIS METRO AREA. THIS ELIMINATES THE NEED FOR IN-HOUSE COLLECTION PERSONNEL, ALLOWING THESE RESOURCES TO BE USED IN THE PATIENT-CARE FUNCTION. THESE SERVICES ARE PERFORMED AT A LOWER COST THAN TAXABLE FOR-PROFIT COLLECTION AGENCIES, ENABLING THE HOSPITALS WITHIN THE BAPTIST MEMORIAL HEALTH CARE SYSTEM TO REINVEST THE SAVINGS INTO IMPROVING THE QUALITY OF AND LOWERING THE COST OF HEALTH CARE IN THE COMMUNITIES SERVED.

🔒

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 (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $202,808

Investment Income $0

Other Revenue $0

TOTAL REVENUE $202,808

Expense Breakdown

Grants Paid $0

Salaries & Benefits $176,384

Fundraising Expenses $0

Program Expenses $323,253

Other Expenses $227,681

TOTAL EXPENSES $404,065

Year-over-Year Comparison

	2023	2022	Change
Revenue	$202,808	$585,810	-0.7%
Expenses	$404,065	$439,785	-0.1%
Net Income	$-201,257	$146,025	-2.4%

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

N/A

Employees

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

$6,457,527

Total Directors

$7,804,028

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
GARY C ANDERSON	VICE PRESIDENT/DIRECTOR	0.10	Officer Director	$0	$88,606	$1,300,745
GREGORY M DUCKETT	DIRECTOR	0.23	Director	$0	$90,318	$1,346,501
JASON M LITTLE	PRESIDENT/DIRECTOR	0.10	Officer Director	$0	$108,222	$3,155,218
KIMBERLY O YOUNG	SECRETARY/DIRECTOR (AS OF 11/23)	0.10	Officer Director	$0	$47,942	$620,481
WILLIAM A GRIFFIN	SECRETARY/DIRECTOR (THRU 10/23)	0.10	Officer Director	$0	$66,668	$1,381,083
CLAUDE VINSON	FORMER EXECUTIVE DIRECTOR	0.00		$0	$39,130	$180,481
PAUL D DEPRIEST MD	FORMER VICE PRESIDENT	0.00		$0	$85,100	$2,156,966

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	$202,808	$404,065	$5,634,184	$-201,257
2023	$585,810	$439,785	$5,986,177	$146,025
2022	$1,425,739	$1,694,414	$6,087,395	$-268,675
2021	$1,816,680	$2,138,508	$6,784,441	$-321,828
2020	$3,656,622	$3,047,132	$7,231,806	$609,490
2019	$5,003,458	$3,036,275	$6,130,701	$1,967,183
2018	$5,493,861	$3,056,648	$4,271,270	$2,437,213