MCLENNAN COUNTY MEDICAL EDUCATION … - 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

1976

Legal Domicile

Phone

2543134200

Tax Period

2024-01-01 to 2024-09-30

MCLENNAN COUNTY MEDICAL EDUCATION AND RESEARCH FOUNDATION, founded in 1976, is a community nonprofit in the Health Care sector that reported $3.3M in total revenue in fiscal year 2024. Revenue fell 23% from the prior year — a significant decline worth monitoring.

Mission

PROMOTE AND/OR PROVIDE PRIMARY HEALTH CARE EDUCATION PROGRAMS, INCLUDING RESEARCH AND PRIMARY HEALTH CARE PROGRAMS FOR THE VULNERABLE OF MCLENNAN COUNTY, TEXAS.

Program Service Accomplishments

Program 1

Expenses: $2,663,373 Revenue: $477,512

THE ENTITY SERVES AS CREDENTIALED ENTITY FOR THE RESIDENCY PROGRAM AND AS A CONTRACTING AGENCY FOR FUNDING OPPORTUNITIES.

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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 $2,766,346

Program Service Revenue $477,512

Investment Income $1,792

Other Revenue $15,082

TOTAL REVENUE $3,260,732

Expense Breakdown

Grants Paid $0

Salaries & Benefits $3,227,596

Fundraising Expenses $0

Program Expenses $2,663,373

Other Expenses $74,479

TOTAL EXPENSES $3,302,075

Year-over-Year Comparison

	2024	2023	Change
Revenue	$3,260,732	$4,224,904	-0.2%
Expenses	$3,302,075	$4,227,355	-0.2%
Net Income	$-41,343	$-2,451	+15.9%

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
DONALD HARDIN JR	President	20.0	Officer Director	$0	$0	$0
JACKSON GRIGGS MD	VP / Board Chair	20.0	Officer Director	$0	$0	$0
ADAM FALCONE MD	BOARD MEMBER	1.0	Director	$0	$0	$0
Amy Chung MD	Board Member	1.0	Director	$0	$0	$0
CAMERON COLLIER MD	BOARD MEMBER	1.0	Director	$0	$0	$0
CLAY SAWYER MD	BOARD MEMBER	1.0	Director	$0	$0	$0
CLINT MCHENRY DO	BOARD MEMBER	1.0	Director	$0	$0	$0
DAVID MYERS MD	BOARD MEMBER	1.0	Director	$0	$0	$0
JOHN BRETT DIETZE MD	BOARD MEMBER	1.0	Director	$0	$0	$0
JOSHUA WARREN MD	BOARD MEMBER	1.0	Director	$0	$0	$0
Nadge Gunn	Board member	1.0	Director	$0	$0	$0
OLUWAROTIMI ADESINA MD	BOARD MEMBER	1.0	Director	$0	$0	$0
SCOTT BLATTMAN MD	BOARD MEMBER	1.0	Director	$0	$0	$0
Shrey Goel MD	Board Member	1.0	Director	$0	$0	$0
STEPHEN MCCALL MD	BOARD MEMBER	1.0	Director	$0	$0	$0
Walter Matthews	Board Member	1.0	Director	$0	$0	$0
William MCCUNNIFF	BOARD MEMBER	1.0	Director	$0	$0	$0
CRAIG HARGENRADER	Executive Vice President / CFO	40.0	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
2024	$3,260,732	$3,302,075	$1,263,403	$-41,343
2023	$4,224,904	$4,227,355	$2,440,525	$-2,451
2022	$3,446,202	$3,402,170	$3,581,978	$44,032
2021	$3,504,277	$3,621,506	$2,333,884	$-117,229
2020	$3,552,554	$3,668,583	$5,800,090	$-116,029
2019	$3,511,085	$3,626,515	$4,163,182	$-115,430
2018	$3,738,573	$3,766,147	$2,334,102	$-27,574

MCLENNAN COUNTY MEDICAL EDUCATION AND RESEARCH FOUNDATION