MUSIC CITY PREP CLINIC

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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

2017

Legal Domicile

Principal Officer

STEVE B GOLAB

Phone

6154691065

Tax Period

2024-07-01 to 2025-06-30

MUSIC CITY PREP CLINIC, founded in 2017, is a mid-sized nonprofit in the Health Care sector that reported $79.9M in total revenue in fiscal year 2024. Revenue surged 34% from the prior year, signaling strong growth momentum. Expenses of $76.4M left a modest 4% surplus.

Mission

TO EMPOWER TENNESSEANS AND KENTUCKIANS TO LIVE AN HIV-FREE LIFE THROUGH PREP MEDICATION, EDUCATION, ANTI-STIGMA CAMPAIGNS, AND SUPPORT.

Program Service Accomplishments

Program 1

Expenses: $74,491,163 Revenue: $79,424,320

EMPOWERING TENNESSEANS AND KENTUCKIANS TO LIVE HIV-FREE BY PROVIDING DISCRETE, NO-COST HIV & STD/STI TESTING AND TREATMENT. PRESCRIPTIONS FOR PREP MEDICATION ARE PROVIDED TO PATIENTS WHO ARE INSURED, UNDERINSURED OR UNINSURED. WITH 135 STAFF MEMBERS AND 97 VOLUNTEERS SERVING APPROXIMATELY 7,000 PATIENTS, OVER 43,000 PRESCRIPTIONS WERE PROVIDED DURING THE 2024- 2025 FISCAL YEAR. AS PART OF THIS PROGRAM, MCPC PROVIDES BENEVOLENT ASSISTANCE TO LOW-INCOME INDIVIDUALS TO COVER THE COSTS OF THE MEDICATION AS WELL AS THE REQUIRED LAB WORK. PRIMARY FUNDING COMES FROM INSURANCE PROCEEDS.

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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 $24,365

Program Service Revenue $79,416,412

Investment Income $217,628

Other Revenue $207,930

TOTAL REVENUE $79,866,335

Expense Breakdown

Grants Paid $463,074

Salaries & Benefits $299,377

Fundraising Expenses $0

Program Expenses $74,491,163

Other Expenses $75,682,745

TOTAL EXPENSES $76,445,196

Year-over-Year Comparison

	2024	2023	Change
Revenue	$79,866,335	$59,467,501	+0.3%
Expenses	$76,445,196	$55,766,349	+0.4%
Net Income	$3,421,139	$3,701,152	-0.1%

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

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
RICHARD C MACKINNON	PRESIDENT	40.00		$219,699	$13,182	$232,881
STEVE B GOLAB	PRESIDENT (I	36.00	Officer Director	$0	$0	$0
KEVIN W TEETS JR	DIRECTOR AT	1.00	Director	$0	$0	$0
EDWARD KLEINE	TREASURER	1.00	Officer Director	$0	$0	$0
ALAN STEVENSON	SECRETARY	1.00	Officer Director	$0	$0	$0
PHIL SUITER	DIRECTOR AT	1.00	Director	$0	$0	$0
JOSEPH G TAYLOR	VICE PRESIDE	1.00	Officer 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	$79,866,335	$76,445,196	$34,016,157	$3,421,139
2024	$59,467,501	$55,766,349	$27,376,609	$3,701,152
2023	$46,529,446	$46,051,163	$22,830,527	$478,283
2022	$46,316,294	$45,213,239	$24,330,641	$1,103,055
2021	$33,479,766	$25,362,244	$19,149,092	$8,117,522
2020	$15,157,624	$10,186,301	$6,486,528	$4,971,323
2019	$1,457,348	$1,006,259	$464,141	$451,089