Cottage Medical Foundation

EIN: 934714437 501(c)(3) Health Care

Santa Barbara, CA

Total Revenue
$-284,260
Total Expenses
$580,813
Total Assets
$17,786,946
Net Assets
$-865,073
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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
2023
Legal Domicile
CA
Phone
8052876903
Tax Period
2024-01-01 to 2024-12-31

Cottage Medical Foundation, founded in 2023, is a micro nonprofit in the Health Care sector that reported $284K in total revenue in fiscal year 2024.

Mission

Cottage Medical Foundation is organized to promote health and to expand access to quality healthcare services in Central California, providing relief to the distressed who have limited access to care. The goal of the organization is to expand both physical and virtual health infrastructure, creating educational opportunities for future healthcare workforce and expanding research opportunities to support continued growth in healthcare resources.

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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 (2024)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $-291,409
Investment Income $7,149
Other Revenue $0
TOTAL REVENUE $-284,260

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $580,813
Other Expenses $580,813
TOTAL EXPENSES $580,813

Year-over-Year Comparison

2024 2023 Change
Revenue $-284,260 N/A N/A
Expenses $580,813 N/A N/A
Net Income $-865,073 $0 N/A
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
7
Independent Members
4
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
3
$2,960,547
Total Directors
7
$2,608,087
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Kristin Tufvesson Treasurer 4.0
Officer Director
$0 $104,546 $1,182,544
Adrienne Macdonald MD Director 2.0
Director
$0 $0 $0
Babji Mesipam MD Director 2.0
Director
$0 $0 $188,790
Christophe C Le Renard MD Director 2.0
Director
$0 $0 $0
Dr Edmund M Wroblewski MD Chair of the Board 3.0
Director
$0 $0 $0
Lisa Moore Vice Chair 4.0
Director
$0 $82,301 $1,236,753
Miriam Parsa MD Director 2.0
Director
$0 $0 $0
KEVIN DAVIDSON President 25.0
Officer
$0 $59,327 $682,032
Stacy Bratcher Secretary 2.5
Officer
$0 $99,765 $1,095,971
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 $-284,260 $580,813 $17,786,946 $-865,073
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