COL PATRICK S MADIGAN FOUNDATION

EIN: 911665384 501(c)(3) Medical Research

LAKEWOOD, WA

Total Revenue
$26,096
Total Expenses
$50,451
Total Assets
$948,046
Net Assets
$948,046
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1995
Legal Domicile
WA
Principal Officer
GEORGE MCCLURE
Phone
2535885900
Tax Period
2023-01-01 to 2023-12-31

COL PATRICK S MADIGAN FOUNDATION, founded in 1995, is a micro nonprofit in the Medical Research sector that reported $26K in total revenue in fiscal year 2023. Revenue fell 53% from the prior year — a significant decline worth monitoring. Expenses of $50K exceeded revenue, resulting in a 93% operating deficit.

Mission

AMONG IT'S MANY PROGRAMS, THE FOUNDATION PROVIDES MEDICAL SUPPORT TO SERVICE MEMBERS- AND THEIR FAMILIES, OFFERS SCHOLARSHIPS AND GRANTS TO FAMILIES AND STAFF, SUPPORTS A HOST OF PROGRAMS FOR CHILDREN, SUPPORTS EDUCATIONAL CONFERENCES, SPONSORS AN ANNUAL LECTURE ON MILITARY MEDICAL RESEARCH, SUPPORTS MEDICAL RESEARCH AND CLINICAL CARE WITH EQUIPMENT AND TRAINING. SINCE ITS' ESTABLISHMENT, WITH THE GENEROSITY OF IT'S SUPPORTERS, THE FOUNDATION HAS PROVIDED OVER 1,400,429 IN EQUIPMENT AND 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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $13,498
Program Service Revenue $0
Investment Income $12,598
Other Revenue $0
TOTAL REVENUE $26,096

Expense Breakdown

Grants Paid $45,795
Salaries & Benefits $0
Fundraising Expenses $3,172
Program Expenses $46,830
Other Expenses $4,656
TOTAL EXPENSES $50,451

Year-over-Year Comparison

2023 2022 Change
Revenue $26,096 $55,965 -0.5%
Expenses $50,451 $46,753 +0.1%
Net Income $-24,355 $9,212 -3.6%
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

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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
10
Independent Members
10
Employees
N/A
Volunteers
10

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
$0
Total Directors
9
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
RACHANEE CURRY PRESIDENT 5.00
Officer Director
$0 $0 $0
GEORGE MCCLURE PAST PRESIDE 4.00
Officer Director
$0 $0 $0
TIM M WOOD CPA TREASURER 2.00
Officer Director
$0 $0 $0
WYNN HOFFMAN ASSISTANT TR 1.00
Officer Director
$0 $0 $0
DAVID SOMA VICE PRESIDE 2.00
Director
$0 $0 $0
W GEORGE CARGILL VICE PRESIDE 2.00
Director
$0 $0 $0
OSCAR B HILMAN VICE PRESIDE 1.00
Director
$0 $0 $0
LOURDES ALFIE ALVARADO RAMOS DIRECTOR 1.00
Director
$0 $0 $0
MARY JO CAHILL 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 No data No data No data No data
2023 $26,096 $50,451 $948,046 $-24,355
2022 $55,965 $46,753 $985,797 $9,212
2021 $56,267 $42,586 $982,464 $13,681
2020 $23,192 $41,975 $979,156 $-18,783
2019 $163,035 $42,869 $1,005,724 $120,166
2018 $127,204 $43,595 $882,217 $83,609
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