TARRANT COUNTY ACADEMY OF MEDICINE (EIN 751008434) - 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

1907

Legal Domicile

Principal Officer

BRIAN SWIFT

Phone

8177322825

Tax Period

2023-01-01 to 2023-12-31

TARRANT COUNTY ACADEMY OF MEDICINE, founded in 1907, is a small nonprofit in the Education sector that reported $459K in total revenue in fiscal year 2023. Revenue surged 23% from the prior year, signaling strong growth momentum. Expenses of $606K exceeded revenue, resulting in a 32% operating deficit.

Mission

TO EDUCATE PHYSICIANS AND TARRANT COUNTY CITIZENS ON MEDICAL ISSUES.

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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 $297,452

Program Service Revenue $99,828

Investment Income $16,842

Other Revenue $44,752

TOTAL REVENUE $458,874

Expense Breakdown

Grants Paid $0

Salaries & Benefits $115,982

Fundraising Expenses $38,249

Program Expenses $315,421

Other Expenses $457,647

TOTAL EXPENSES $606,079

Year-over-Year Comparison

	2023	2022	Change
Revenue	$458,874	$372,124	+0.2%
Expenses	$606,079	$668,247	-0.1%
Net Income	$-147,205	$-296,123	-0.5%

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

N/A

Volunteers

250

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

$273,037

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BRIAN SWIFT	EXECUTIVE DI	1.00	Officer	$0	$35,357	$273,037
G SEALY MASSINGILL MD	PRESIDENT	1.00	Officer Director	$0	$0	$0
GREG PHILLIPS MD	VICE PRESIDE	1.00	Officer Director	$0	$0	$0
LINDA SIY MD	DIRECTOR	1.00	Director	$0	$0	$0
ANGELA SELF MD	DIRECTOR	1.00	Director	$0	$0	$0
DAVID DONAHUE MD	DIRECTOR	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	No data	No data
2023	$458,874	$606,079	$4,954,304	$-147,205
2022	$372,124	$668,247	$5,154,440	$-296,123
2021	$497,232	$766,812	$5,318,874	$-269,580
2020	$374,334	$663,072	$5,519,067	$-288,738
2019	$329,741	$806,431	$5,780,393	$-476,690
2018	$268,476	$798,387	$6,245,415	$-529,911

TARRANT COUNTY ACADEMY OF MEDICINE