RIVERSIDE COUNTY FOUNDATION FOR ME… - Form 990 Financial Data

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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

1960

Legal Domicile

Principal Officer

DOLORES GREEN

Phone

9516863342

Tax Period

2024-01-01 to 2024-12-31

RIVERSIDE COUNTY FOUNDATION FOR MEDICAL CARE, founded in 1960, is a community nonprofit that reported $2.9M in total revenue in fiscal year 2024. Revenue decreased 16% compared to the prior year. Expenses of $2.6M left a modest 13% surplus.

Mission

TO PROMOTE, DEVELOP AND ENCOURAGE THE DISTRIBUTION OF MEDICAL SERVICES BY ITS MEMBERS TO PEOPLE OF RIVERSIDE COUNTY AT A REASONABLE COST FOR PATIENT AND PHYSICIAN THROUGH EFFICIENT ADMINISTRATION OF HEALTH CARE SERVICES.

Program Service Accomplishments

Program 1

Expenses: $130,443

CFMC/MADDY/NETWORK SERVICES REIMBURSES PHYSICIANS FOR UNPAID EMERGENCY ROOM BASED CLAIMS

Program 2

Expenses: $387,599

THE ORGANIZATION CREATED A FELLOWSHIP PROGRAM WHICH SERVES AS THE FOUNDATIONAL ELEMENT OF A FIRST OF A KIND FULLY INTEGRATED POPULATION HEALTH FELLOWSHIP PROGRAM IN THE NATION. THE FELLOWSHIP...

THE ORGANIZATION CREATED A FELLOWSHIP PROGRAM WHICH SERVES AS THE FOUNDATIONAL ELEMENT OF A FIRST OF A KIND FULLY INTEGRATED POPULATION HEALTH FELLOWSHIP PROGRAM IN THE NATION. THE FELLOWSHIP PREPARES PRIMARY CARE PHYSICIANS FROM THE START TO LEAD INTERDISCIPLINARY TEAMS THAT CHALLENGE THE STATUS QUO BY DEVELOPING AND TESTING NEW STRATEGIES AND WORKFLOWS FOR OPTIMIZING THE HEALTH AND WELL-BEING OF OUR COMMUNITIES. A COMPREHENSIVE 12-MONTH CURRICULUM IS INCLUDED THAT COVERS KEY POPULATION HEALTH TOPICS AS WELL AS STRUCTURED ASSIGNMENTS WITH MEASURABLE OUTCOMES DESIGNED TO TRANSFORM PROVIDER AND PRACTICE PERFORMANCE DURING THE FELLOWSHIP YEAR. THE PROGRAM ALSO OFFERS LOAN FORGIVENESS INCENTIVES TO HELP REDUCE THE PRESSURES OF STUDENT DEBT AND ELIMINATE THE STRAIN OF LOW-PAYING FELLOWSHIP PROGRAMS.

Program 3

Expenses: $1,701,071

THE ORGANIZATION ADOPTED A QUALITY IMPROVEMENT PROGRAM WHICH SUPPORTS PRIMARY CARE PHYSICIANS WHO ARE CONTRACTED DIRECTLY FOR THEIR PATIENTS. THE OBJECTIVE OF THE PROJECT IS TO HELP DOCTORS IMPROVE QUALITY MEASURES AND CLOSE GAPS IN CARE. USING A DATA ANALYTICS TOOL, THE PROVIDERS CAN ACCESS ACTIONABLE DATA TO IMPROVE PATIENT CARE COORDINATION, ADDRESS CHRONIC CONDITIONS, CONNECT DIAGNOSTIC CODING, REVIEW PHARMACY MANAGEMENT, AND ADDRESS QUALITY MEASURES.

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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 $0

Program Service Revenue $2,753,621

Investment Income $183,925

Other Revenue $2,663

TOTAL REVENUE $2,940,209

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,369,198

Fundraising Expenses $0

Program Expenses $2,228,525

Other Expenses $1,195,075

TOTAL EXPENSES $2,564,273

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,940,209	$3,483,856	-0.2%
Expenses	$2,564,273	$2,546,393	+0.0%
Net Income	$375,936	$937,463	-0.6%

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

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

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

$547,321

Total Directors

Key Employees

$217,780

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
TAREK MAHDI MD	PRESIDENT	5.00	Officer Director	$0	$0	$0
JOHN FAGAN MD	VICE PRESIDENT	5.00	Officer Director	$0	$0	$0
GARY FEINBERG MD	BOARD MEMBER	1.00	Director	$0	$0	$0
CALVIN PATEL MD	BOARD MEMBER	1.00	Director	$0	$0	$0
MELANIE CRANE MD	SECRETARY/ CFO	5.00	Officer Director	$0	$0	$0
ALONSO OJEDA MD	BOARD MEMBER	1.00	Director	$0	$0	$0
MAHBUBA KHAN MD	BOARD MEMBER	1.00	Director	$0	$0	$0
ERIC MADRID MD	BOARD MEMBER	1.00	Director	$0	$0	$0
KYLE SMART MD	BOARD MEMBER	1.00	Director	$0	$0	$0
DOLORES GREEN	CEO	2.00	Officer	$0	$50,138	$547,321
EVELYN GARCIA	COO	37.50	Key Emp	$0	$18,308	$217,780
TERESA HERRERA	DIRECTOR OF FINANCE	2.00	Highest	$0	$24,939	$184,645

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	$2,940,209	$2,564,273	$10,743,681	$375,936
2023	$3,483,856	$2,546,393	$9,932,146	$937,463
2022	$3,041,979	$2,114,431	$8,654,761	$927,548
2021	$2,007,678	$364,342	$8,406,811	$1,643,336
2020	$1,828,115	$201,546	$7,058,511	$1,626,569
2019	$488,092	$156,813	$5,068,168	$331,279
2018	$619,878	$162,494	$4,525,659	$457,384

RIVERSIDE COUNTY FOUNDATION FOR MEDICAL CARE