MEDICAL CENTER MEMORIAL FOUNDATION… - 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

1988

Legal Domicile

Principal Officer

MIKE LAPLANTE

Phone

2562356359

Tax Period

2024-07-01 to 2025-06-30

MEDICAL CENTER MEMORIAL FOUNDATIONINC, founded in 1988, is a small nonprofit that reported $625K in total revenue in fiscal year 2024. Revenue surged 51% from the prior year, signaling strong growth momentum. Net assets of $1.5M represent 29 months of operating reserves.

Mission

TO ASSIST IN PROMOTING AND SECURING QUALITY HEALTH CARE FOR THE CITIZENS OF CALHOUN COUNTY, ALABAMA AND SURROUNDING AREAS BY RAISING MONEY FOR THE SUPPORTED CHARITIES WHICH INCLUDE THE REGIONAL MEDICAL CENTER BOARD WHICH OWNS AND OPERATES THE NORTHEAST ALABAMA REGIONAL MEDICAL CENTER.

Program Service Accomplishments

Program 1

Expenses: $452,380

PERPETUAL PROGRAMS AND SERVICES: RMC EMERGENCY FUND - ANNUAL GIFT OF 5,000 - THIS FUND IS SUPERVISED BY THE RMC SOCIAL SERVICES DIRECTORS AND PROVIDES SUPPORT TO PATIENTS AND THEIR FAMILIES FOR ITEMS SUCH AS BUT NOT LIMITED TO FOOD, UTILITY BILLS, PRESCRIPTION DRUGS AND TRANSPORTATION TO AND FROM MEDICAL CARE; HOSPITAL EMPLOYEES SUPPORT: PROVIDED MONETARY GIFTS (RANDOM DRAWING) AND HOLIDAY CHEER TO HOSPITAL EMPLOYEES DURING ANNUAL CHRISTMAS LUNCHEON; INFANT CAR SEAT PROGRAM - FOR UNDERSERVED FAMILIES ON THE RMC POST PARTUM UNIT; SUPPORT FOR THE RMC ONCOLOGY NURSES: EDUCATION AND TRAVEL FUNDS; RMC EMPLOYEE BENEVOLENT FUND: SEED MONEY AND WRITTEN GUIDANCE / APPLICATIONS IN PRIOR YEARS, CONTINUES TO MONITOR AND CONSULT WITH THE 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 (2024)

Revenue Breakdown

Contributions & Grants $287,213

Program Service Revenue $0

Investment Income $159,885

Other Revenue $177,848

TOTAL REVENUE $624,946

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $14,677

Program Expenses $452,380

Other Expenses $635,123

TOTAL EXPENSES $635,123

Year-over-Year Comparison

	2024	2023	Change
Revenue	$624,946	$414,454	+0.5%
Expenses	$635,123	$285,447	+1.2%
Net Income	$-10,177	$129,007	-1.1%

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
ELLEN BASS	MEMBER	N/A	Director	$0	$0	$0
DEBBIE CLONTS	MEMBER	N/A	Director	$0	$0	$0
MS MARGARET COLEY	HONORARY MEM	N/A	Director	$0	$0	$0
MARGARET POPE PH D	MEMBER	N/A	Director	$0	$0	$0
MS ALICIA DUNAWAY	MEMBER	N/A	Director	$0	$0	$0
DR MOHAMED ELOUBEIDI	MEMBER	N/A	Director	$0	$0	$0
EUGENE L EVANS	HONORARY MEM	N/A	Director	$0	$0	$0
LAGINA FILLINGIM	EXECUTIVE DI	N/A	Officer Director	$0	$0	$0
MR KEVIN GIBSON	TREASURER	N/A	Officer Director	$0	$0	$0
MAUDINE HOLLOWAY	HONORARY MEM	N/A	Director	$0	$0	$0
MIKE LAPLANTE	CHAIRMAN	N/A	Officer Director	$0	$0	$0
MS JACKIE LOWRY	MEMBER	N/A	Director	$0	$0	$0
MS SHEA SNIDER MILLER	MEMBER	N/A	Director	$0	$0	$0
ANNA MOORE	MEMBER	N/A	Director	$0	$0	$0
GREG MORGAN	VICE CHAIRMA	N/A	Officer Director	$0	$0	$0
DR LUCY VANDERVOORT MORRIS	MEMBER	N/A	Director	$0	$0	$0
MS DARA MURPHY	MEMBER	N/A	Director	$0	$0	$0
MS JEAN ANN OGLESBY	MEMBER	N/A	Director	$0	$0	$0
KELLEY PEARCE	MEMBER	N/A	Director	$0	$0	$0
KELVIN WRIGHT	MEMBER	N/A	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	$624,946	$635,123	$1,535,945	$-10,177
2024	$414,454	$285,447	$1,636,542	$129,007
2023	$390,357	$382,466	$1,347,495	$7,891
2022	$430,865	$276,841	$1,293,020	$154,024
2021	$439,058	$322,054	$1,292,820	$117,004
2020	$339,820	$346,300	$963,527	$-6,480
2019	$394,644	$327,865	$997,936	$66,779
2018	$263,478	$215,121	$920,983	$48,357

MEDICAL CENTER MEMORIAL FOUNDATIONINC