TMC Medical Network

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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

2016

Legal Domicile

Phone

5203241048

Tax Period

2023-01-01 to 2023-12-31

TMC Medical Network, founded in 2016, is a mid-sized nonprofit in the Health Care sector that reported $55.1M in total revenue in fiscal year 2023. Revenue grew 16% year-over-year, indicating healthy expansion. Expenses of $78.3M exceeded revenue, resulting in a 42% operating deficit.

Mission

OUR MISSION IS TO PROVIDE EXECPTIONAL HEALTH CARE WITH COMPASSION.

Program Service Accomplishments

Program 1

Expenses: $40,452,010 Revenue: $55,153,032

TMC MEDICAL NETWORK ESTABLISHES, OPERATES AND MAINTAINS MEDICAL CLINICS AND OTHER MEDICAL FACILITIES TO MEET THE NEEDS OF THE SOUTHERN ARIZONA COMMUNITY AND ADJOINING AREAS FOR HIGH QUALITY...

TMC MEDICAL NETWORK ESTABLISHES, OPERATES AND MAINTAINS MEDICAL CLINICS AND OTHER MEDICAL FACILITIES TO MEET THE NEEDS OF THE SOUTHERN ARIZONA COMMUNITY AND ADJOINING AREAS FOR HIGH QUALITY, COMPREHENSIVE MEDICAL AND OTHER HEALTHCARE SERVICES.

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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 $55,153,032

Investment Income $-12,998

Other Revenue $5,000

TOTAL REVENUE $55,145,034

Expense Breakdown

Grants Paid $1,314,169

Salaries & Benefits $17,347,805

Fundraising Expenses $0

Program Expenses $40,452,010

Other Expenses $59,622,838

TOTAL EXPENSES $78,284,812

Year-over-Year Comparison

	2023	2022	Change
Revenue	$55,145,034	$47,512,873	+0.2%
Expenses	$78,284,812	$59,962,026	+0.3%
Net Income	$-23,139,778	$-12,449,153	+0.9%

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

N/A

Employees

N/A

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

$3,268,695

Total Directors

$2,422,792

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
N/A	CHIEF EXECUTIVE OFFICER	1.0	Officer Director	$0	$65,508	$1,370,629
N/A	CHIEF FINANCIAL OFFICER END 09/23	1.0	Officer Director	$0	$67,025	$557,257
N/A	CHIEF FINANCIAL OFFICER BEG 03/23	1.0	Officer Director	$0	$92,071	$494,906
N/A	CHIEF LEGAL OFFICER BEG 01/23	1.0	Officer	$0	$148,708	$570,725
N/A	CHIEF LEGAL OFFICER END 01/23	1.0	Officer	$0	$1,306	$275,178

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	$55,145,034	$78,284,812	$12,508,774	$-23,139,778
2022	$47,512,873	$59,962,026	$7,047,739	$-12,449,153
2021	$36,338,871	$49,428,821	$11,838,575	$-13,089,950
2020	$28,110,461	$44,735,198	$6,047,773	$-16,624,737