RUSH MEDICAL FOUNDATION (EIN 640345119) - Form 990 Financial Analysis & Trantor Score

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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

1947

Legal Domicile

Principal Officer

D LARKIN KENNEDY

Phone

6017039992

Tax Period

2024-01-01 to 2024-12-31

RUSH MEDICAL FOUNDATION, founded in 1947, is a major nonprofit in the Health Care sector that reported $192.6M in total revenue in fiscal year 2024. Revenue grew 11% year-over-year, indicating healthy expansion.

Mission

PROVIDE HEALTH CARE

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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 $2,101,674

Program Service Revenue $187,740,188

Investment Income $227,973

Other Revenue $2,488,154

TOTAL REVENUE $192,557,989

Expense Breakdown

Grants Paid $0

Salaries & Benefits $80,418,393

Fundraising Expenses $72,592

Program Expenses $149,515,708

Other Expenses $109,933,548

TOTAL EXPENSES $190,351,941

Year-over-Year Comparison

	2024	2023	Change
Revenue	$192,557,989	$173,833,014	+0.1%
Expenses	$190,351,941	$178,057,998	+0.1%
Net Income	$2,206,048	$-4,224,984	-1.5%

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

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

$1,478,451

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ANN ALEXANDER	BOARD MEMBER	1.00	Director	$0	$0	$0
BILLY PIERCE	BOARD MEMBER	1.00	Director	$0	$0	$0
JAMES K PURVIS	BOARD MEMBER	1.00	Director	$0	$0	$0
FRED BLACKLEDGE	BOARD MEMBER	1.00	Director	$0	$0	$0
JAMES GRANGER	BOARD MEMBER	1.00	Director	$0	$0	$0
CAROL SMITH	BOARD MEMBER	1.00	Director	$0	$0	$0
BETTY VISE	BOARD MEMBER	1.00	Director	$0	$0	$0
D LARKIN KENNEDY	OFFICER	1.00	Officer	$0	$59,495	$714,433
J ALLEN TYRA	OFFICER	1.00	Officer	$0	$27,669	$396,446
DAVID BUTLER	OFFICER	1.00	Officer	$0	$20,860	$367,572
FREDERICK DUGGAN MD	FORMER OFFICER	0.00		$0	$32,089	$470,098
JAMES C MATTHEWS III MD	FORMER HIGHEST COMP - PHYSICIAN	0.00		$0	$25,926	$267,651
ANDREW WATSONMD	FORMER HIGHEST COMP - PHYSICIAN	0.00		$0	$35,057	$269,593
LAURA ELIZABETH PERRY	FORMER HIGHEST COMP - NP	0.00		$0	$4,625	$182,069
AMBER BOYD GUNN	FORMER HIGHEST COMP - NP	0.00		$0	$7,657	$174,393

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	$192,557,989	$190,351,941	$121,187,735	$2,206,048
2023	$173,833,014	$178,057,998	$110,048,589	$-4,224,984
2022	$167,156,010	$166,998,369	$602,252,649	$157,641
2021	$192,199,853	$192,656,079	$412,405,478	$-456,226
2020	$180,974,482	$165,932,481	$397,545,611	$15,042,001
2019	$193,651,293	$194,145,405	$305,258,391	$-494,112
2018	$185,819,361	$189,365,583	$301,666,115	$-3,546,222

RUSH MEDICAL FOUNDATION