SOUTH ALABAMA MEDICAL SCIENCE FOUN… - Form 990 Financial Data

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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

1981

Legal Domicile

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 $1.8M in total revenue in fiscal year 2023. Revenue surged 49% from the prior year, signaling strong growth momentum. The organization ran a surplus of $539K, a strong 30% operating margin.

Mission

TO PROMOTE EDUCATION AND RESEARCH WITHIN THE UNIVERSITY OF SOUTH ALABAMA (USA) HEALTH SYSTEM

Program Service Accomplishments

Program 1

Expenses: $735,169 Revenue: $1,036,108

SCIENTIFIC TESTING/ RESEARCH PROJECTS CONDUCTED TO SUPPORT AND FURTHER PROMOTE RESEARCH WITHIN THE USA HEALTH SYSTEM.

Program 2

Expenses: $389,661 Revenue: $272,067

EDUCATIONAL ACTIVITIES HELD IN SUPPORT OF THE UNIVERSITY OF SOUTH ALABAMA HEALTH SYSTEM'S EDUCATION MISSION.

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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 $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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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

$1,252,599

Total Directors

$3,462,230

Key Employees

Highest Compensated

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

SOUTH ALABAMA MEDICAL SCIENCE FOUNDATION