Salvus Center, Inc.
Fiscal Year
Fiscal Year Start
07/01/2023
Fiscal Year End
06/30/2024
Projected Revenue
$527,840.00
Projected Expenses
$527,292.12
Organizational Budgets and Other Documents
IRS Letter of Exemption
| salvus center irs ltr |
Detailed Financials
Revenue and Expenses
| Fiscal Year | 2023 | 2022 | 2021 |
|---|---|---|---|
| Total Revenue | $566,692.00 | $750,582.00 | |
| Total Expenses | $571,110.00 | $512,795.00 | |
| Revenue Less Expenses | ($-0.00) | ($4,418.00) | $237,787.00 |
Revenue Sources
| Fiscal Year | 2023 | 2022 | 2021 |
|---|---|---|---|
| Foundation and Corporation Contributions | $0.00 | $0.00 | |
| Government - Federal | $0.00 | $0.00 | |
| Government - State | $0.00 | $0.00 | |
| Government - Local | $0.00 | $0.00 | |
| Government - Unspecified | $152,701.00 | $371,269.00 | |
| Contributions, Gifts, and Grants | $300,389.00 | $278,611.00 | |
| Indirect Public Support | $0.00 | $0.00 | |
| Earned Revenue | $106,138.00 | $86,610.00 | |
| Investment Income, Net of Losses | $264.00 | $147.00 | |
| Membership Dues | $0.00 | $0.00 | |
| Special Events | $0.00 | $3,145.00 | |
| Revenue In-Kind | $7,200.00 | $10,800.00 | |
| Other | $0.00 | $0.00 |
Expense Allocation
| Fiscal Year | 2023 | 2022 | 2021 |
|---|---|---|---|
| Program Expense | $235,270.00 | $286,402.00 | |
| Administration Expense | $239,952.00 | $154,941.00 | |
| Fundraising Expense | $95,888.00 | $71,452.00 | |
| Total Revenue/Total Expenses | 99% | 146% | |
| Program Expense/Total Expenses | 41% | 56% | |
| Fundraising Expense/Contributed Revenue | 17% | 14% |
Top Funding Sources
| Fiscal Year | 2023 | 2022 | 2021 |
|---|---|---|---|
| Top Funding Source & Dollar Amount | $0.00 | Contributions, Gifts, and Grants $300,389.00 | Government Grants $371,269.00 |
| Second Highest Funding Source & Dollar Amount | $0.00 | Government Grants $152,701.00 | Contributions, Gifts, and Grants $278,611.00 |
| Third Highest Funding Source & Dollar Amount | $0.00 | Program Revenue $106,138.00 | Program Revenue $86,610.00 |
Assets and Liabilities
| Fiscal Year | 2023 | 2022 | 2021 |
|---|---|---|---|
| Total Assets | $909,238.00 | $909,238.00 | |
| Current Assets | $293,633.00 | $293,633.00 | |
| Long-Term Liabilities | $0.00 | $0.00 | |
| Current Liabilities | $900.00 | $900.00 | |
| Total Net Assets | $909,238.00 | $908,338.00 |
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
| Salvus Center 2022 990 | 2022 |
| Salvus Center 2021 990 | 2021 |
| Salvus Center 2020 990 | 2020 |
| Salvus Center 2019 990 | 2019 |
| Salvus Center 2018 990 | 2018 |
| Salvus Center 2017 990 | 2017 |
| Salvus Center 2016 990 | 2016 |
| Salvus Center 2015 990 | 2015 |
| Salvus Center 2014 990 | 2014 |
| Salvus Center 2013 990 | 2013 |
| Salvus Center 2012 990 | 2012 |
| Salvus Center 2011 990 | 2011 |
| Salvus Center 2010 990 | 2010 |
| salvus center 2009 990 | 2009 |
| salvus center 2008 990 | 2008 |
| salvus center 2007 990 | 2007 |
| salvus center 2006 990 | 2006 |
Audit Documents
CEO/Executive Director/Board Comments
| Salvus Center is in good financial shape. We have been the recipient of grants from the Memorial Foundation, HCA Foundation, Ezell Foundation, Baptist Healing Trust, BlueCross BlueShield of Tennessee Health Foundation, the Tennessee Conference of the United Methodist Church, and have recently received Safety Net funds from the State of Tennessee. We are in the monthly budgets of several area churches. Individual donations have been of great importance to the clinic and continue to grow. We have received funds from civic groups in Hendersonville and Gallatin. These include Junior Service League, Rotary Club Foundation, Lion's Club, and Newcomers Club of Hendersonville. The Gallatin Ministerial Association has designated Salvus Center as the recipient of funds from its annual Thanksgiving Service. Service fees from patient visits are steady, with 97% of all patients paying at the time of service. It has been estimated that patient fees will account for a small portion of the annual budget. |
Foundation Staff Comments
| Financial figures are taken from the audit. Financial documents completed by McMurray, Fox & Associates, PLLC. 990 and Audit do not reconcile. Comments provided by Nicole Rose 11/03/2022. |
