SOUTH ALABAMA MEDICAL SCIENCE FOUNDATION

EIN: 630819233 501(c)(3) Medical Research

MOBILE, AL

Total Revenue
$1,814,318
Total Expenses
$1,275,393
Total Assets
$13,237,399
Net Assets
$13,167,930
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Tuckman-Chang Vulnerability Assessment

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Financial Trends

Organization Details

Formation Year
1981
Legal Domicile
AL
Principal Officer
JOHN V MARYMONT MD MBA
Phone
2514611584
Tax Period
2023-10-01 to 2024-09-30

SOUTH ALABAMA MEDICAL SCIENCE FOUNDATION, founded in 1981, is a community nonprofit in the Medical Research sector that reported $1.3M in total revenue in fiscal year 2019. Revenue fell 35% from the prior year — a significant decline worth monitoring. Expenses of $1.6M exceeded revenue, resulting in a 19% operating deficit.

Mission

TO PROMOTE EDUCATION AND RESEARCH WITHIN THE UNIVERSITY OF SOUTH ALABAMA HEALTH SYSTEM.

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Trantor Score

Financial Health & Payment Capacity Assessment (FICO Scale: 300–850)

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $1,308,175
Investment Income $357,767
Other Revenue $148,376
TOTAL REVENUE $1,814,318

Expense Breakdown

Grants Paid $20,335
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $1,124,830
Other Expenses $1,255,058
TOTAL EXPENSES $1,275,393

Year-over-Year Comparison

2023 2022 Change
Revenue $1,814,318 $1,215,089 +0.5%
Expenses $1,275,393 $1,051,914 +0.2%
Net Income $538,925 $163,175 +2.3%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
19
Independent Members
11
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
3
$1,252,599
Total Directors
19
$3,462,230
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JO BONNER PRESIDENT US 1.00
Director
$0 $62,942 $745,863
JOHN V MARYMONT MD MBA VP MED AFF/ 4.00
Officer Director
$0 $55,281 $884,515
CHRISTOPHER DAVIES PHD ASSOC DEAN, 1.00
Officer Director
$0 $48,703 $368,084
JONATHAN G SCAMMELL PHD CHAIR USA CO N/A
$0 $44,088 $334,895
RICHARD HONKANEN PHD CHAIR USA BI 1.00
Director
$0 $54,774 $376,920
KEVIN MACALUSO PHD CHAIR USA MI 1.00
Director
$0 $50,171 $366,814
MARK N GILLESPIE PHD CHAIR, USA P N/A
$0 $54,330 $382,274
TROY STEVENS PHD CHAIR USA PH 1.00
Director
$0 $52,270 $406,981
KRISTEN ROBERTS VP USA FINAN 1.00
Director
$0 $46,149 $313,053
POLLY STOKLEY VP USA FINAN N/A
$75,900 $29,887 $347,757
STEVEN P FURR MD USA BOARD OF 1.00
Director
$0 $0 $0
WILLIAM BLAYLOCK MD PUBLIC DIREC 1.00
Director
$0 $0 $0
HONORABLE M DONALD DAVIS JR PUBLIC DIREC 1.00
Director
$0 $0 $0
ELIZABETH FREEMAN PUBLIC DIREC 1.00
Director
$0 $0 $0
EVA GOLSON PUBLIC DIREC 1.00
Director
$0 $0 $0
MARK HOFFMAN PUBLIC DIREC 1.00
Director
$0 $0 $0
RUSSELL HUDGENS MD PUBLIC DIREC 1.00
Director
$0 $0 $0
MARCIA J LITTLES MD PUBLIC DIREC 1.00
Director
$0 $0 $0
FRANK MILLSAPS PUBLIC DIREC 1.00
Director
$0 $0 $0
AMY MORRIS MD PUBLIC DIREC 1.00
Director
$0 $0 $0
RABBI STEVE SILBERMAN PUBLIC DIREC 1.00
Director
$0 $0 $0
CHARLES E STORY PUBLIC DIREC 1.00
Director
$0 $0 $0
MAYA MIRZOEVA TREASURER 4.00
Officer
$0 $0 $0
SUSAN SANSING TREASURER N/A
$0 $46,438 $321,566
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 $1,814,318 $1,275,393 $13,237,399 $538,925
2023 $1,215,089 $1,051,914 $11,322,395 $163,175
2022 $1,327,390 $1,113,341 $10,893,186 $214,049
2021 $1,628,508 $1,256,241 $11,069,555 $372,267
2020 $1,344,724 $1,604,175 $10,661,868 $-259,451
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