SPARKS MEDICAL FOUNDATION

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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

1999

Legal Domicile

Principal Officer

THOMAS H WEBB JR

Phone

4793082243

Tax Period

2020-07-01 to 2021-06-30

Mission

MAKING LIFE HEALTHIER - FOR OUR PATIENTS AND OUR ENTIRE COMMUNITY, INCLUDING CHARITY CARE, COMMUNITY BENEFIT SERVICES, RESEARCH AND COMMUNITY BUILDING EFFORTS

Program Service Accomplishments

Program 1

SPARKS MEDICAL FOUNDATION IS A HOSPITAL-BASED PHYSICIAN CLINIC THAT SOLD THE FIXED ASSETS AND INVENTORY TO HEALTH MANAGEMENT ASSOCIATES (HMA) ON NOVEMBER 30, 2009 AND RETAINED THE PATIENT ACCOUNTS...

SPARKS MEDICAL FOUNDATION IS A HOSPITAL-BASED PHYSICIAN CLINIC THAT SOLD THE FIXED ASSETS AND INVENTORY TO HEALTH MANAGEMENT ASSOCIATES (HMA) ON NOVEMBER 30, 2009 AND RETAINED THE PATIENT ACCOUNTS RECEIVABLE AND LIABILITIES. SPARKS CONTINUES TO UNWIND THE OLD BUSINESS BY LIQUIDATING THE A/R AND PAYING OFF THE LIABILITIES. ONCE THESE OBJECTIVES ARE ACCOMPLISHED, THE ORGANIZATION WILL DISSOLVE.

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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 (2020)

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

	2020	2019	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

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
JOHN TAYLOR	CHAIRMAN	1.00	Officer Director	$0	$0	$0
BENNY GOODEN	VICE-CHAIRMAN	1.00	Officer Director	$0	$0	$0
JEFF BEAUCHAMP	SECRETARY & TREASURER	1.00	Officer Director	$0	$0	$0
JUDY BOREHAM	TRUSTEE	1.00	Director	$0	$0	$0
MIKE RAPPEPORT	TRUSTEE	1.00	Director	$0	$0	$0
THOMAS H WEBB JR	EXECUTIVE DIRECTOR	1.00	Officer	$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
2021	No data	No data	No data	No data