Way Free Medical Clinic Inc (EIN 760828154) - 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

2006

Legal Domicile

Phone

9045319504

Tax Period

2024-01-01 to 2024-12-31

Way Free Medical Clinic Inc, founded in 2006, is a community nonprofit in the Health Care sector that reported $3.7M in total revenue in fiscal year 2024. Revenue surged 561% from the prior year, signaling strong growth momentum. The organization ran a surplus of $2.9M, a strong 80% operating margin.

Mission

Provide free medical care for the uninsured

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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 $3,637,453

Program Service Revenue $0

Investment Income $27,328

Other Revenue $1,040

TOTAL REVENUE $3,665,821

Expense Breakdown

Grants Paid $10,230

Salaries & Benefits $523,226

Fundraising Expenses $0

Program Expenses $669,714

Other Expenses $215,308

TOTAL EXPENSES $748,764

Year-over-Year Comparison

	2024	2023	Change
Revenue	$3,665,821	$554,635	+5.6%
Expenses	$748,764	$680,800	+0.1%
Net Income	$2,917,057	$-126,165	-24.1%

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

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
Donald R Fann	Development Director	40.00		$97,000	$0	$97,000
Andrea Crowder	Executive Director	40.00	Highest	$85,000	$0	$85,000
Guy Jackson	Chair & Treasurer	2.00	Officer Director	$0	$0	$0
David Fieber	Secretary	1.00	Officer Director	$0	$0	$0
Elizabeth Dusinberre	Trustee	1.00	Director	$0	$0	$0
Robert Olson	Trustee	1.00	Director	$0	$0	$0
Kevin Rinks	Trustee	1.00	Director	$0	$0	$0
Kip Deckerhoff	Trustee	1.00	Director	$0	$0	$0
Jennifer Mick	Trustee	1.00	Director	$0	$0	$0
Mary Tabor	Trustee	1.00	Director	$0	$0	$0
Leesa Tillman	Trustee	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
2025	No data	No data	No data	No data
2024	$3,665,821	$748,764	$3,681,694	$2,917,057
2023	$554,635	$680,800	$4,233,572	$-126,165
2022	$588,752	$663,668	$1,271,585	$-74,916
2021	$680,729	$570,110	$1,328,573	$110,619
2020	$1,125,758	$556,699	$808,825	$569,059
2019	$382,922	$388,125	$174,499	$-5,203
2018	$338,777	$253,177	$182,496	$85,600

Way Free Medical Clinic Inc