KNOXVILLE ACADEMY OF MEDICINE FOUNDATION (EIN 621458199) - 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

1950

Legal Domicile

Tax Period

2023-01-01 to 2023-12-31

KNOXVILLE ACADEMY OF MEDICINE FOUNDATION, founded in 1950, is a community nonprofit that reported $2.0M in total revenue in fiscal year 2023. Revenue decreased 7% compared to the prior year. Expenses of $2.3M exceeded revenue, resulting in a 16% operating deficit.

Mission

TO PROVIDE NO-COST HEALTH CARE TO FAMILIES WHO HAVE NO INSURANCE AND DO NOT QUALIFY FOR THE STATES LOW INCOME INSURANCE PROGRAM.

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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 (2023)

Revenue Breakdown

Contributions & Grants $1,873,902

Program Service Revenue $141,148

Investment Income $3,266

Other Revenue $855

TOTAL REVENUE $2,019,171

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,280,110

Fundraising Expenses $0

Program Expenses $2,344,639

Other Expenses $1,064,529

TOTAL EXPENSES $2,344,639

Year-over-Year Comparison

	2023	2022	Change
Revenue	$2,019,171	$2,181,827	-0.1%
Expenses	$2,344,639	$1,663,746	+0.4%
Net Income	$-325,468	$518,081	-1.6%

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
STEPHEN WHELESS MD	DIRECTOR	2.00	Director	$0	$0	$0
NEIL COLEMAN MD	DIRECTOR	2.00	Director	$0	$0	$0
MATT MANCINI MD	DIRECTOR	0.00	Director	$0	$0	$0
STEVEN MASSARO MD	DIRECTOR	2.00	Director	$0	$0	$0
JOSEPH ROTHWELL MD	DIRECTOR	2.00	Director	$0	$0	$0
ERIC PENNIMANM DO	DIRECTOR	2.00	Director	$0	$0	$0
NEIL BARRY DO	TREASURER	2.00	Director	$0	$0	$0
JAMES SHAMIYAH MD	DIRECTOR	2.00	Director	$0	$0	$0
KIMBERLY WEAVER PHD	CORPORATE SECRETARY	29.00	Officer Director	$0	$0	$0
PAT OBRIEN MD	PAST IMMEDIATE PRESIDENT	2.00	Officer Director	$0	$0	$0
PATRICK MCFARLAND MD	PRESIDENT	2.00	Officer Director	$0	$0	$0
ROSALIND CADIGAN MD	PRESIDENT	2.00	Officer 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
2024	No data	No data	No data	No data
2023	$2,019,171	$2,344,639	$1,786,838	$-325,468
2022	$2,181,827	$1,663,746	$2,306,293	$518,081
2021	$26,339	$23,267	$785,968	$3,072
2020	$1,264,570	$1,001,800	$863,819	$262,770

KNOXVILLE ACADEMY OF MEDICINE FOUNDATION