THE MEDICAL FOUNDATION OF ALABAMA (EIN 630830644) - Form 990 Financial Analysis & Trantor Score

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Tuckman-Chang Vulnerability Assessment

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1982

Legal Domicile

Principal Officer

ROBERT M JACKSON

Tax Period

2023-01-01 to 2023-12-31

THE MEDICAL FOUNDATION OF ALABAMA, founded in 1982, is a small nonprofit that reported $594K in total revenue in fiscal year 2018. Revenue grew 16% year-over-year, indicating healthy expansion. Expenses of $538K left a modest 10% surplus.

Mission

TO FURTHER THE IMAGE OF MEDICINE THROUGH FINANCIAL SUPPORT FOR HEALTH EDUCATION PROGRAMS AND PROJECTS

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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%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $15,294

Program Service Revenue $753,004

Investment Income $409,335

Other Revenue $0

TOTAL REVENUE $1,177,633

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $521,739

Other Expenses $618,207

TOTAL EXPENSES $618,207

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,177,633	$382,262	+2.1%
Expenses	$618,207	$555,757	+0.1%
Net Income	$559,426	$-173,495	-4.2%

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

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
AMBER CLARK	SEC- TREASUR	1.00	Officer Director	$0	$0	$0
JACK HASSON	BOARD MEMBER	1.00	Director	$0	$0	$0
JOHN MEIGS	PRESIDENT	1.00	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	$1,177,633	$618,207	$3,214,241	$559,426
2022	$382,262	$555,757	$2,957,345	$-173,495
2021	$631,062	$470,836	$2,962,777	$160,226
2020	$310,654	$339,297	$2,710,979	$-28,643
2019	$632,136	$529,693	$2,785,171	$102,443
2018	$594,163	$537,534	$2,546,413	$56,629

THE MEDICAL FOUNDATION OF ALABAMA