MEDICAL FOUNDATION OF SOUTH MS INC

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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

1992

Legal Domicile

Principal Officer

SHERWOOD BAILEY JR

Phone

2288651453

Tax Period

2023-10-01 to 2024-09-30

Mission

THE MEDICAL FOUNDATION OF SOUTH MISSISSIPPI, INC.'S PRIMARY MISSION WAS TO PROVIDE MEDICAL CARE TO THE COMMUNITY OF THE MISSISSIPPI GULF COAST THROUGH OWNERSHIP AND OPERATION OF A NUMBER OF HEALTH CLINICS IN THE REGION. HOWEVER, ON OCTOBER 1, 2008, THE FOUNDATION DISCONTINUED PATIENT HEALTH CARE AND IS A COMPONENT OF MEMORIAL HOSPITAL AT GULFPORT.

Program Service Accomplishments

Program 1

THE MEDICAL FOUNDATION OF SOUTH MISSISSIPPI, INC.'S PRIMARY MISSION WAS TO PROVIDE MEDICAL CARE TO THE COMMUNITY OF THE MISSISSIPPI GULF COAST THROUGH OWNERSHIP AND OPERATION OF A NUMBER OF HEALTH...

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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 $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $0

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $0

TOTAL EXPENSES $0

Year-over-Year Comparison

	2023	2022	Change
Revenue	N/A	N/A	N/A
Expenses	N/A	N/A	N/A
Net Income	N/A	$0	N/A

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
SHERWOOD BAILEY JR	PRESIDENT	1.00	Officer Director	$0	$0	$0
ROY ANDERSON III	BOARD MEMBER	1.00	Director	$0	$0	$0
RICHARD TILLEY MD	BOARD MEMBER/PHYSICIAN	1.00	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	$21,981	No data
2023	No data	No data	$21,981	No data
2022	No data	No data	$21,981	No data
2021	No data	No data	$21,981	No data
2020	$14	No data	$21,981	No data
2019	$324	No data	$21,966	No data
2018	No data	No data	$21,642	No data