CORBETT MEDICAL FOUNDATION (EIN 830305129) - 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

1993

Legal Domicile

Principal Officer

MELISSA FAUST

Phone

3073265760

Tax Period

2024-01-01 to 2024-12-31

CORBETT MEDICAL FOUNDATION, founded in 1993, is a community nonprofit in the Health Care sector that reported $4.7M in total revenue in fiscal year 2024. Revenue surged 282% from the prior year, signaling strong growth momentum. Expenses of $4.3M left a modest 8% surplus.

Mission

TO RESPOND TO THE CRITICAL MEDICAL NEEDS OF THE CITIZENS OF SCHOOL DISTRICT #2 CARBON CTY, WY.

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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 $4,671,309

Program Service Revenue $0

Investment Income $46,232

Other Revenue $7,385

TOTAL REVENUE $4,724,926

Expense Breakdown

Grants Paid $4,333,955

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $4,333,955

Other Expenses $1,893

TOTAL EXPENSES $4,335,848

Year-over-Year Comparison

	2024	2023	Change
Revenue	$4,724,926	$1,236,971	+2.8%
Expenses	$4,335,848	$892,541	+3.9%
Net Income	$389,078	$344,430	+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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MICAHEL GLODE	PRESIDENT	1.00	Officer Director	$0	$0	$0
LAURA BUCHOLZ	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
MELISSA FAUST	SECRETARY/TREASURER	1.00	Officer Director	$0	$0	$0
DULCIE SCHALK	DIRECTOR	1.00	Director	$0	$0	$0
JUDD CAMPBELL	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	$4,724,926	$4,335,848	$2,183,990	$389,078
2023	$1,236,971	$892,541	No data	$344,430
2022	$594,332	$549,001	$1,381,677	$45,331
2021	$1,099,667	$1,233,654	$997,446	$-133,987
2020	$500,199	$828,938	No data	$-328,739
2019	$960,937	$852,396	$1,950,171	$108,541
2018	$489,139	$351,502	No data	$137,637

CORBETT MEDICAL FOUNDATION