LAKEWOOD, WA
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)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.
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.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 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% |
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
Sign In| 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 |
| 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 |
Compare COL PATRICK S MADIGAN FOUNDATION with other nonprofits in Washington and across the country.