Matthew Walker Health Center
Fiscal Year
Fiscal Year Start
02/01/2024
Fiscal Year End
01/31/2025
Projected Revenue
$19,329,097.00
Projected Expenses
$19,329,097.00
Organizational Budgets and Other Documents
IRS Letter of Exemption
| matthew walker comprehensive health center irs ltr |
Detailed Financials
Revenue and Expenses
| Fiscal Year | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Revenue | $18,785,332.00 | $15,997,606.00 | $15,795,322.00 |
| Total Expenses | $17,025,028.00 | $16,756,525.00 | $14,654,915.00 |
| Revenue Less Expenses | $1,760,304.00 | ($758,919.00) | $1,140,407.00 |
Revenue Sources
| Fiscal Year | 2024 | 2023 | 2022 |
|---|---|---|---|
| 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 | $8,535,429.00 | $9,461,815.00 | $7,990,643.00 |
| Contributions, Gifts, and Grants | $4,671,365.00 | $1,784,517.00 | $1,714,811.00 |
| Indirect Public Support | $7,953.00 | $51,427.00 | $0.00 |
| Earned Revenue | $5,513,462.00 | $4,652,081.00 | $5,716,935.00 |
| Investment Income, Net of Losses | $35,112.00 | $40.00 | $79.00 |
| Membership Dues | $0.00 | $0.00 | $0.00 |
| Special Events | $0.00 | $0.00 | $0.00 |
| Revenue In-Kind | $13,843.00 | $38,794.00 | $363,424.00 |
| Other | $8,168.00 | $8,932.00 | $9,530.00 |
Expense Allocation
| Fiscal Year | 2024 | 2023 | 2022 |
|---|---|---|---|
| Program Expense | $12,839,925.00 | $13,046,083.00 | $11,468,799.00 |
| Administration Expense | $4,116,503.00 | $3,701,013.00 | $3,177,256.00 |
| Fundraising Expense | $68,600.00 | $9,429.00 | $8,860.00 |
| Total Revenue/Total Expenses | 110% | 95% | 108% |
| Program Expense/Total Expenses | 75% | 78% | 78% |
| Fundraising Expense/Contributed Revenue | 0% | 0% | 0% |
Top Funding Sources
| Fiscal Year | 2024 | 2023 | 2022 |
|---|---|---|---|
| Top Funding Source & Dollar Amount | Government Grants $8,535,429.00 | Government Grants $9,461,815.00 | Government Grants $7,990,643.00 |
| Second Highest Funding Source & Dollar Amount | Program Revenue $5,513,462.00 | Program Revenue $4,652,081.00 | Program Revenue $5,716,935.00 |
| Third Highest Funding Source & Dollar Amount | Contributions, Gifts, and Grants $4,671,365.00 | Contributions, Gifts, and Grants $1,784,517.00 | Contributions, Gifts, and Grants $1,714,811.00 |
Assets and Liabilities
| Fiscal Year | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $12,956,758.00 | $11,528,497.00 | $12,433,796.00 |
| Current Assets | $6,605,900.00 | $4,984,507.00 | $5,745,184.00 |
| Long-Term Liabilities | $2,584,208.00 | $2,800,625.00 | $3,133,896.00 |
| Current Liabilities | $1,403,568.00 | $1,519,194.00 | $1,332,303.00 |
| Total Net Assets | $8,968,982.00 | $7,208,678.00 | $7,967,897.00 |
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
Under Extension
Form 990s
Audit Documents
Foundation Staff Comments
| Financial figures are taken from the Form 990. Form 990 and Financial audit are reconciled. Financial documents prepared Forvis, LLP. Foundation and corporate grants may be included in Contributions, Gifts, and Grants sum, as these amounts are not separated in Form 990. Comments provided by Hayley Sulfridge 11/8/24. |
