FAITH FAMILY MEDICAL CENTER INC

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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

1999

Legal Domicile

Principal Officer

PHILLIP W ELLENBURG JD

Phone

6153410808

Tax Period

2024-01-01 to 2024-12-31

FAITH FAMILY MEDICAL CENTER INC, founded in 1999, is a community nonprofit in the Health Care sector that reported $7.6M in total revenue in fiscal year 2024. Revenue surged 31% from the prior year, signaling strong growth momentum.

Mission

DRIVEN BY FAITH, WE PROVIDE HOPE AND HEALING TO OUR HARDWORKING NEIGHBORS IN NEED.

Program Service Accomplishments

Program 1

Expenses: $6,353,799 Revenue: $420,741

FAITH FAMILY MEDICAL CENTER PROVIDES SERVICES IN FAMILY MEDICINE, BEHAVIORAL HEALTH, DIAGNOSTIC LAB TESTING, WELLNESS PROGRAM AND INDIVIDUAL AND/OR FAMILY COUNSELING. IN ORDER TO PROVIDE...

FAITH FAMILY MEDICAL CENTER PROVIDES SERVICES IN FAMILY MEDICINE, BEHAVIORAL HEALTH, DIAGNOSTIC LAB TESTING, WELLNESS PROGRAM AND INDIVIDUAL AND/OR FAMILY COUNSELING. IN ORDER TO PROVIDE COMPREHENSIVE HEALTH CARE SERVICES TO PATIENTS, THE ORGANIZATION HAS AN EXTENSIVE NETWORK OF SPECIALIST PHYSICIANS WHO SEE OUR PATIENTS AT A REDUCED COST OR NO COST. WE ALSO HAVE RELATIONSHIPS WITH IMAGING CENTERS WHERE BASIC X-RAYS, CT SCANS AND MRIS CAN BE DONE FOR A REDUCED FEE. SPECIALTY CARE IS AVAILABLE THROUGH PHYSICIANS WHO VOLUNTEER AT THE CENTER FOR INTERNAL MEDICINE, ORTHOPEDICS, CARDIOLOGY, OPHTHALMOLOGY, OPTOMETRY, GYNECOLOGY AND DERMATOLOGY AND A PHYSICAL THERAPIST. WE HAVE STRONG RELATIONSHIPS WITH AREA HOSPITAL SYSTEMS AND OTHER HEALTH CARE NONPROFITS. - CONTINUED ON SCHEDULE O

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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 $6,814,370

Program Service Revenue $420,741

Investment Income $239,265

Other Revenue $83,068

TOTAL REVENUE $7,557,444

Expense Breakdown

Grants Paid $0

Salaries & Benefits $3,037,145

Fundraising Expenses $333,112

Program Expenses $6,353,799

Other Expenses $4,330,978

TOTAL EXPENSES $7,368,123

Year-over-Year Comparison

	2024	2023	Change
Revenue	$7,557,444	$5,778,344	+0.3%
Expenses	$7,368,123	$6,869,313	+0.1%
Net Income	$189,321	$-1,090,969	-1.2%

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

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

$848,803

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
PARKER PANOVEC MD	EXECUTIVE DI	40.00	Officer	$269,046	$24,711	$293,757
PHILLIP W ELLENBURG JD	PRESIDENT AN	40.00	Officer	$165,268	$18,483	$183,751
BRYAN JONES	CFO	40.00	Officer	$123,900	$18,643	$142,543
SHERRY MAST	CHIEF OPERAT	40.00	Officer	$130,263	$6,132	$136,395
JEFF PARSLEY	EXECUTIVE DI	40.00	Officer	$82,156	$10,201	$92,357
REGGIE RAMSEY	BOARD CHAIR	0.50	Officer Director	$0	$0	$0
ANNE HANCOCK TOOMEY	BOARD VICE C	0.50	Officer Director	$0	$0	$0
PHIL ROE	BOARD IMMEDI	0.50	Officer Director	$0	$0	$0
ANNA GRIZZLE JD	BOARD SECRET	0.50	Officer Director	$0	$0	$0
GERRY ANDRADY	BOARD MEMBER	0.50	Director	$0	$0	$0
STEPHANIE WALL BOWMAN	BOARD MEMBER	0.50	Director	$0	$0	$0
DUNCAN DASHIFF	BOARD MEMBER	0.50	Director	$0	$0	$0
DAVID GAW MD	BOARD MEMBER	0.50	Director	$0	$0	$0
DON GRIFFIN MD	BOARD MEMBER	0.50	Director	$0	$0	$0
FRANK HAMMER	BOARD MEMBER	0.50	Director	$0	$0	$0
TOM HENDERSON MD	BOARD MEMBER	0.50	Director	$0	$0	$0
BRITTANY IRBY	BOARD MEMBER	0.50	Director	$0	$0	$0
ELLIOT KYLE	BOARD MEMBER	0.50	Director	$0	$0	$0
CHARLES N MARTIN JR	BOARD MEMBER	0.50	Director	$0	$0	$0
WATECHIA LAWLESS MITCHELL EDD	BOARD MEMBER	0.50	Director	$0	$0	$0
ERIC MOSS	BOARD MEMBER	0.50	Director	$0	$0	$0
JAMESON NORTON	BOARD MEMBER	0.50	Director	$0	$0	$0
JEFF PATE	BOARD MEMBER	0.50	Director	$0	$0	$0
JULIO A RIVAS PHD	BOARD MEMBER	0.50	Director	$0	$0	$0
ZACK SAMPLES	BOARD MEMBER	0.50	Director	$0	$0	$0
TIMOTHY VAN HAL	BOARD MEMBER	0.50	Director	$0	$0	$0
KELLY BIRDWELL AUSTIN	BOARD MEMBER	0.50	Director	$0	$0	$0
CHRIS BISHOP	BOARD MEMBER	0.50	Director	$0	$0	$0
MANUEL CALDERON	BOARD MEMBER	0.50	Director	$0	$0	$0
RALPH HILDABRAND	BOARD MEMBER	0.50	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	No data	No data	No data	No data
2024	$7,557,444	$7,368,123	$23,826,137	$189,321
2023	$5,778,344	$6,869,313	$23,456,561	$-1,090,969
2022	$5,471,555	$5,753,038	$24,419,106	$-281,483
2021	$4,847,982	$3,022,685	$13,064,669	$1,825,297
2020	$3,537,397	$2,730,051	$11,514,062	$807,346
2019	$4,007,205	$2,280,328	$11,962,610	$1,726,877
2018	$5,032,435	$2,071,692	$8,039,339	$2,960,743