Medical Foundation of Nashville
Fiscal Year
Fiscal Year Start
01/01/2023
Fiscal Year End
12/31/2023
Projected Revenue
$1,253,200.00
Projected Expenses
$1,253,200.00
Organizational Budgets and Other Documents
| 2023 Operating Budget | 2023 |
| 2022 Operating Budget | 2022 |
| 2021 Operating Budget | 2021 |
| 2020 Operating Budget | 2020 |
| 2019 Budget | 2019 |
| 2018 Budget | 2018 |
IRS Letter of Exemption
| IRS Letter of Determination |
Detailed Financials
Revenue and Expenses
| Fiscal Year | 2022 | 2021 | 2020 |
|---|---|---|---|
| Total Revenue | $878,872.00 | $828,616.00 | $551,912.00 |
| Total Expenses | $872,067.00 | $751,908.00 | $484,377.00 |
| Revenue Less Expenses | $6,805.00 | $76,708.00 | $67,535.00 |
Revenue Sources
| Fiscal Year | 2022 | 2021 | 2020 |
|---|---|---|---|
| Foundation and Corporation Contributions | $0.00 | $0.00 | $0.00 |
| Government - Federal | $0.00 | $0.00 | $0.00 |
| Government - State | $0.00 | $0.00 | $0.00 |
| Government - Local | $0.00 | $0.00 | $0.00 |
| Government - Unspecified | $748,881.00 | $717,156.00 | $418,042.00 |
| Contributions, Gifts, and Grants | $120,051.00 | $107,359.00 | $133,870.00 |
| Indirect Public Support | $0.00 | $0.00 | $0.00 |
| Earned Revenue | $0.00 | $0.00 | $0.00 |
| Investment Income, Net of Losses | $0.00 | $0.00 | $0.00 |
| Membership Dues | $0.00 | $0.00 | $0.00 |
| Special Events | $9,940.00 | $4,101.00 | $0.00 |
| Revenue In-Kind | $0.00 | $0.00 | $0.00 |
| Other | $0.00 | $0.00 | $0.00 |
Expense Allocation
| Fiscal Year | 2022 | 2021 | 2020 |
|---|---|---|---|
| Program Expense | $714,734.00 | $613,679.00 | $366,359.00 |
| Administration Expense | $125,410.00 | $106,603.00 | $95,619.00 |
| Fundraising Expense | $31,923.00 | $31,626.00 | $22,399.00 |
| Total Revenue/Total Expenses | 101% | 110% | 114% |
| Program Expense/Total Expenses | 82% | 82% | 76% |
| Fundraising Expense/Contributed Revenue | 4% | 4% | 5% |
Top Funding Sources
| Fiscal Year | 2022 | 2021 | 2020 |
|---|---|---|---|
| Top Funding Source & Dollar Amount | Government Grants $748,881.00 | Government Grants $717,156.00 | Unspecified Government Grants $418,042.00 |
| Second Highest Funding Source & Dollar Amount | Contributions, Gifts, and Grants $120,051.00 | Contributions, Gifts, Grants $107,359.00 | Contributions, Gifts, & Grants $133,870.00 |
| Third Highest Funding Source & Dollar Amount | Fundraising Events $9,940.00 | Fundraising Events $4,101.00 | $0.00 |
Assets and Liabilities
| Fiscal Year | 2022 | 2021 | 2020 |
|---|---|---|---|
| Total Assets | $485,259.00 | $460,495.00 | $363,091.00 |
| Current Assets | $476,331.00 | $449,971.00 | $354,624.00 |
| Long-Term Liabilities | $0.00 | $0.00 | $0.00 |
| Current Liabilities | $180,754.00 | $173,084.00 | $152,388.00 |
| Total Net Assets | $294,216.00 | $287,411.00 | $210,703.00 |
Endowment Info
Do you have an endowment?
No
Capital Campaign Info
Are you currently in a Capital Campaign?
No
Do you anticipate a campaign in the next 5 years?
No
Solicitation Permit Info
State Charitable Solicitations Permit
Yes
Permit Expiration Month
June
Permit Expiration Year
2024
Solicitations Permit
Form 990s
| MFN Form 990 | 2022 |
| MFN Form 990 | 2021 |
| MFN Form 990 | 2020 |
| MFN Form 990 | 2019 |
| MFN Form 990 | 2018 |
Audit Documents
| MFN Audited Financial Statements | 2022 |
| MFN Audited Financial Statements | 2021 |
| MFN Audited Financial Statements | 2020 |
| MFN Audited Financial Statements | 2019 |
| MFN Audited Financial Statements | 2018 |
CEO/Executive Director/Board Comments
| As the Medical Foundation of Nashville was founded in 2018, the organization does not have financial data from the past fiscal year to report for years before 2018. Project Access Nashville Specialty Care, the Medical Foundation's largest program, was operated by the Nashville Academy of Medicine since its launch in 2005. |
Foundation Staff Comments
| Financial figures taken from the Form 990, which was prepared by Blankenship CPA Group, PLLC. Comments provided by Nicole Rose 11/20/2023. |
