NORTH MISSISSIPPI MEDICAL CLINICS INC (EIN 640787918) - 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

1990

Legal Domicile

Phone

6623773978

Tax Period

2023-10-01 to 2024-09-30

NORTH MISSISSIPPI MEDICAL CLINICS INC, founded in 1990, is a mid-sized nonprofit in the Health Care sector that reported $56.0M in total revenue in fiscal year 2023. Revenue decreased 8% compared to the prior year. Expenses of $78.5M exceeded revenue, resulting in a 40% operating deficit.

Mission

NORTH MISSISSIPPI MEDICAL CLINICS, INC. OPERATES 34 MEDICAL CLINICS LOCATED IN NORTH MISSISSIPPI.

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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 $55,480,997

Investment Income $151,774

Other Revenue $356,484

TOTAL REVENUE $55,989,255

Expense Breakdown

Grants Paid $0

Salaries & Benefits $62,055,188

Fundraising Expenses $0

Program Expenses $76,210,440

Other Expenses $16,448,389

TOTAL EXPENSES $78,503,577

Year-over-Year Comparison

	2023	2022	Change
Revenue	$55,989,255	$61,010,414	-0.1%
Expenses	$78,503,577	$78,014,226	+0.0%
Net Income	$-22,514,322	$-17,003,812	+0.3%

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

660

Volunteers

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

$2,346,121

Total Directors

$1,020,761

Key Employees

$300,782

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
GEORGE PURNELL	CHAIRMAN	1.0	Officer Director	$0	$0	$0
ERIK DUKES MD	PHYSICIAN/DIRECTOR	40.0	Director	$558,539	$31,422	$589,961
JAMES K HARVEY MD	DIRECTOR	1.0	Director	$0	$0	$0
JEFF JAGGERS	DIRECTOR	1.0	Director	$0	$0	$0
JIM GOODWIN	DIRECTOR	1.0	Director	$0	$0	$0
JOHN CREEKMORE	DIRECTOR	1.0	Director	$0	$0	$0
MARY WERNER	DIRECTOR	1.0	Director	$0	$0	$0
RONALD B CROSSWHITE MD	PHYSICIAN/DIRECTOR	40.0	Director	$399,413	$31,387	$430,800
BRUCE TOPPIN	SECRETARY	1.0	Officer	$0	$14,992	$682,564
DAVID BARBER	PRESIDENT	20.0	Officer	$0	$31,738	$626,787
SHARON NOBLES	TREASURER	1.0	Officer	$0	$29,248	$1,036,770
MOLLY L WELDON	CHIEF OPERATING OFFICER	40.0	Key Emp	$287,608	$13,174	$300,782
CHARLES ABAVARE	PHYSICIAN	40.0	Highest	$678,631	$31,662	$710,293
DON SMITH	PHYSICIAN	40.0	Highest	$710,814	$30,498	$741,312
EDMUND M MILLER	PHYSICIAN	40.0	Highest	$615,746	$34,128	$649,874
MITCHELL MOFFETT	PHYSICIAN	40.0	Highest	$600,123	$20,413	$620,536
WILLIAM JENNINGS	PHYSICIAN	40.0	Highest	$678,559	$31,422	$709,981

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	$55,989,255	$78,503,577	$253,353,942	$-22,514,322
2023	$55,414,901	$75,745,071	$207,320,466	$-20,330,170
2022	$61,010,414	$78,014,226	$157,824,227	$-17,003,812
2021	$56,248,552	$76,152,154	$113,464,903	$-19,903,602
2020	$52,020,395	$72,990,194	$75,994,641	$-20,969,799
2019	$48,325,651	$74,677,344	$24,114,348	$-26,351,693
2018	$54,331,281	$71,929,341	$31,745,131	$-17,598,060

NORTH MISSISSIPPI MEDICAL CLINICS INC