FAMILY MEDICAL CENTERS COMMUNITY FOUNDATION INC

EIN: 850638638 501(c)(3) Health Care

RUSSELL SPRINGS, KY

Total Revenue
$3,049,243
Total Expenses
$340,613
Total Assets
$88,127,073
Net Assets
$88,086,175
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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
2020
Legal Domicile
KY
Principal Officer
RYAN SMITH
Phone
2708642889
Tax Period
2023-01-01 to 2023-12-31

FAMILY MEDICAL CENTERS COMMUNITY FOUNDATION INC, founded in 2020, is a community nonprofit in the Health Care sector that reported $3.0M in total revenue in fiscal year 2023. Revenue fell 80% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $2.7M, a strong 89% operating margin.

Mission

FAMILY MEDICAL CENTERS COMMUNITY FOUNDATION, INC.'S SPECIFIC PURPOSES SHALL BE TO OPERATE EXCLUSIVELY FOR THE BENEFIT OF, TO PERFORM THE FUNCTIONS OF, OR TO CARRY OUT THE PURPOSES OF CUMBERLAND FAMILY MEDICAL CENTER, INC.

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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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $139,655
Program Service Revenue $0
Investment Income $2,909,588
Other Revenue $0
TOTAL REVENUE $3,049,243

Expense Breakdown

Grants Paid $67,000
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $289,432
Other Expenses $273,613
TOTAL EXPENSES $340,613

Year-over-Year Comparison

2023 2022 Change
Revenue $3,049,243 $15,356,777 -0.8%
Expenses $340,613 $275,138 +0.2%
Net Income $2,708,630 $15,081,639 -0.8%
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

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Governance

Voting Members
4
Independent Members
3
Employees
N/A
Volunteers
3

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
$1,329,585
Total Directors
4
$1,329,585
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ERIC LOY MD CEO OF CFMC/MED DIR/PHYSICIAN 0.10
Officer Director
$0 $50,213 $1,325,449
PAULA LITTLE CHAIRWOMEN 0.08
Officer Director
$0 $0 $1,338
BRIDGET BOOHER TREASURER 0.08
Officer Director
$0 $0 $1,460
JIM FLOWERS SECRETARY 0.08
Officer Director
$0 $0 $1,338
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 $3,049,243 $340,613 $88,127,073 $2,708,630
2022 $15,356,777 $275,138 $76,966,470 $15,081,639
2021 $45,099,687 $146,007 $62,091,587 $44,953,680
2020 $17,059,368 No data $17,059,368 No data
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