MEDICAL FOUNDATION OF CENTRAL MISS… - 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

2002

Legal Domicile

Principal Officer

JASON M LITTLE

Phone

6019681067

Tax Period

2023-10-01 to 2024-09-30

MEDICAL FOUNDATION OF CENTRAL MISSISSIPPI INC, founded in 2002, is a mid-sized nonprofit in the Health Care sector that reported $76.0M in total revenue in fiscal year 2023. Expenses of $99.2M exceeded revenue, resulting in a 31% operating deficit.

Mission

THE MISSION OF MEDICAL FOUNDATION OF CENTRAL MISSISSIPPI, INC. IS TO SERVE THE COMMUNITY THROUGH CONTINUOUSLY IMPROVING QUALITY CARE AND EFFECTIVE USE OF EDUCATION AND TECHNOLOGY IN A PERSONAL AND COMPASSIONATE ENVIRONMENT.

Program Service Accomplishments

Program 1

Expenses: $80,165,485 Revenue: $75,994,642

MEDICAL FOUNDATION OF CENTRAL MISSISSIPPI, INC. PROVIDES QUALITY MEDICAL HEALTH CARE REGARDLESS OF RACE, CREED, SEX, NATIONAL ORIGIN, HANDICAP, OR AGE. ALTHOUGH REIMBURSEMENT FOR SERVICES RENDERED IS CRITICAL TO THE OPERATION AND STABILITY OF MEDICAL FOUNDATION OF CENTRAL MISSISSIPPI, INC., IT IS RECOGNIZED THAT NOT ALL INDIVIDUALS POSSESS THE ABILITY TO PURCHASE ESSENTIAL MEDICAL SERVICES, AND FURTHER, THAT OUR MISSION IS TO SERVE THE COMMUNITY WITH RESPECT TO PROVIDING HEALTH CARE SERVICES AND HEALTH CARE EDUCATION. THEREFORE, IN KEEPING WITH ITS COMMITMENT TO SERVE ALL MEMBERS OF ITS COMMUNITY, MEDICAL FOUNDATION OF CENTRAL MISSISSIPPI, INC. PROVIDES THE FOLLOWING:- FREE CARE AND/OR SUBSIDIZED CARE WHERE THE NEED AND/OR AN INDIVIDUAL'S INABILITY TO PAY COEXIST,- CARE PROVIDED TO PERSONS COVERED BY GOVERNMENTAL PROGRAMS AT BELOW COST, AND - HEALTH ACTIVITIES AND PROGRAMS TO SUPPORT THE COMMUNITY.MEDICAL FOUNDATION OF CENTRAL MISSISSIPPI, INC. OPERATES 6 OUTPATIENT REHABILITATION CLINICS AND 27 MEDICAL CLINICS, WHICH INCLUDE FAMILY MEDICINE CLINICS, CARDIOLOGY, NEUROLOGY, AND OCCUPATIONAL MEDICINE SPECIALTY CLINICS LOCATED THROUGHOUT THE JACKSON, MISSISSIPPI METROPOLITAN AREA.

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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 $75,994,642

Investment Income $51,609

Other Revenue $-7,326

TOTAL REVENUE $76,038,925

Expense Breakdown

Grants Paid $0

Salaries & Benefits $78,409,457

Fundraising Expenses $0

Program Expenses $80,165,485

Other Expenses $20,822,505

TOTAL EXPENSES $99,231,962

Year-over-Year Comparison

	2023	2022	Change
Revenue	$76,038,925	$72,016,719	+0.1%
Expenses	$99,231,962	$90,379,391	+0.1%
Net Income	$-23,193,037	$-18,362,672	+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

N/A

Employees

660

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

$4,956,817

Total Directors

$4,548,734

Key Employees

$360,175

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MARK E SWANSON MD	DIRECTOR	0.04	Director	$0	$24,823	$1,220,645
JAMES L WARNOCK MD	DIRECTOR/PHYSICIAN	39.77	Director	$813,174	$116,411	$929,585
BOBBIE K WARE	DIRECTOR	0.23	Director	$0	$62,517	$597,175
JUSTIN RHODES	DIRECTOR	0.23	Director	$0	$84,677	$526,012
JAMES A GRANTHAM	DIRECTOR	0.23	Director	$0	$74,296	$520,576
WILLIAM F THOMPSON	DIRECTOR/CFO	8.00	Officer Director	$0	$64,606	$455,098
BRAD A BEATTIE	CHAIRMAN	0.23	Director	$0	$60,963	$299,643
JASON M LITTLE	PRESIDENT	0.04	Officer	$0	$108,222	$3,155,218
GREGORY M DUCKETT	SECRETARY	0.23	Officer	$0	$90,318	$1,346,501
LEE ANN FOREMAN	CHIEF HUMAN RESOURCES OFFICER	8.00	Key Emp	$0	$45,908	$360,175
WILLIAM J HARRIS III MD	PHYSICIAN	40.00	Highest	$1,263,922	$134,597	$1,398,519
AYESHA KHALID MD	PHYSICIAN	40.00	Highest	$1,008,218	$68,490	$1,076,708
ADAM E BERMAN MD	PHYSICIAN	40.00	Highest	$943,664	$102,919	$1,046,583
TYLER W WINFORD MD	PHYSICIAN	40.00	Highest	$888,247	$74,703	$962,950
SHAWN W SANDERS MD	PHYSICIAN	40.00	Highest	$910,988	$47,973	$958,961

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	$76,038,925	$99,231,962	$36,731,653	$-23,193,037
2023	$72,016,719	$90,379,391	$38,799,192	$-18,362,672
2022	$67,531,988	$80,864,855	$38,028,907	$-13,332,867
2021	$68,122,317	$74,761,540	$28,755,381	$-6,639,223
2020	$56,418,096	$65,986,420	$24,974,426	$-9,568,324
2019	$53,643,856	$61,299,432	$24,241,235	$-7,655,576
2018	$53,263,567	$57,245,444	$9,352,722	$-3,981,877

MEDICAL FOUNDATION OF CENTRAL MISSISSIPPI INC