Lafollette Medical Foundation Inc
Lafollette Medical Foundation Inc frequently operates at a deficit, relying on substantial assets.
EIN: 204901729 · Jacksboro, TN · NTEE: T20 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $3.3M |
| Total Expenses | $662K |
| Program Spending | 85% |
| CEO/Top Officer Pay | $10 |
| Net Assets | $9.6M |
| Transparency Score | 75/100 |
Is Lafollette Medical Foundation Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Lafollette Medical Foundation Inc directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Lafollette Medical Foundation Inc
Lafollette Medical Foundation Inc (EIN: 204901729) is a nonprofit organization based in Jacksboro, TN, classified under NTEE code T20. The organization reported total revenue of $3.3M and total assets of $9.9M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Lafollette Medical Foundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Lafollette Medical Foundation Inc is a mid-size nonprofit that has been operating for 19 years, with 12 years of IRS 990 filings on record (2010–2023). Revenue has grown at a compound annual rate of -4.5%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $512K |
| Total Expenses | $662K |
| Surplus / Deficit | $-149,488 |
| Total Assets | $9.6M |
| Total Liabilities | $1 |
| Net Assets | $9.6M |
| Operating Margin | -29.2% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 174.3 months |
Financial Health Grade: B
In 2023, Lafollette Medical Foundation Inc reported a deficit of $149K with expenses exceeding revenue, holds 174.3 months of operating reserves (strong position), has a debt-to-asset ratio of 0.0% (very low leverage).
Financial Trends
Over 12 years of filings (2010–2023), Lafollette Medical Foundation Inc's revenue has declined at a compound annual growth rate (CAGR) of -4.5%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +86.9% | -0.7% | +5.9% |
| 2022 | -70.9% | -18.1% | -19.9% |
| 2021 | +71.2% | +18.5% | +4.2% |
| 2020 | +25.5% | +11.2% | +5.0% |
| 2019 | -32.6% | +15.6% | +7.4% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2007 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Lafollette Medical Foundation Inc with a Mission Score of 75 out of 100 (Good). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 10%
- programs: 85%
- fundraising: 5%
According to IRS 990 filings, Lafollette Medical Foundation Inc allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $149K, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that the organization's leadership is either entirely volunteer-based or compensated through other means not classified as officer compensation, which is highly efficient for an organization with assets nearing $10 million.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Lafollette Medical Foundation Inc's IRS 990 filings:
- Consistent operating deficits (expenses exceeding revenue in 8 out of 10 recent filings)
- Significant fluctuations in annual revenue (e.g., $274,111 in 2022 vs. $940,430 in 2021)
Strengths
The following positive indicators were identified for Lafollette Medical Foundation Inc:
- Strong asset base ($9,899,195 latest assets)
- Excellent executive compensation efficiency (0% officer compensation reported across all filings)
- Consistent IRS 990 filing history (12 filings)
- Low liabilities relative to assets (e.g., $1 in 2023, $28,000 in 2022)
Frequently Asked Questions about Lafollette Medical Foundation Inc
Is Lafollette Medical Foundation Inc a legitimate charity?
Lafollette Medical Foundation Inc (EIN: 204901729) is a registered tax-exempt nonprofit based in Tennessee. Our AI analysis gives it a Mission Score of 75/100. It has 12 years of IRS 990 filings on record. Total revenue: $3.3M. 2 red flags identified. 4 strengths noted. Financial health grade: B.
How does Lafollette Medical Foundation Inc spend its money?
Lafollette Medical Foundation Inc directs 85% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Lafollette Medical Foundation Inc tax-deductible?
Lafollette Medical Foundation Inc is registered as a tax-exempt nonprofit (EIN: 204901729). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Lafollette Medical Foundation Inc CEO make?
Lafollette Medical Foundation Inc's highest-compensated officer earns $10 annually. The organization reported $3.3M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Lafollette Medical Foundation Inc's spending goes to programs?
Lafollette Medical Foundation Inc directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Lafollette Medical Foundation Inc compare to similar nonprofits?
With a transparency score of 75/100 (Good), Lafollette Medical Foundation Inc is above average for NTEE category T20 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Lafollette Medical Foundation Inc located?
Lafollette Medical Foundation Inc is headquartered in Jacksboro, Tennessee and files with the IRS under EIN 204901729. It is classified under NTEE code T20.
How many years of IRS 990 filings does Lafollette Medical Foundation Inc have?
Lafollette Medical Foundation Inc has 12 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $3.3M in total revenue.
How does Lafollette Medical Foundation Inc cover its consistent operating deficits?
The organization frequently reports expenses exceeding revenue (e.g., $661,705 expenses vs. $512,217 revenue in 2023). This suggests they may be drawing from their substantial asset base, which has consistently been around $9-11 million, or relying on investment income not fully captured in reported revenue figures.
What is the long-term sustainability plan given the recurring deficits?
While the organization has significant assets ($9,899,195), consistent operating deficits could erode this base over time. A clear strategy for increasing revenue or reducing expenses would be beneficial for long-term financial health.
What specific programs does Lafollette Medical Foundation Inc fund?
The NTEE code T20 indicates 'General Hospitals' or 'Medical Research' related activities. Further detail would require reviewing the full 990 forms for program service accomplishments.
Is the 0% officer compensation sustainable for an organization of this size?
While 0% officer compensation is highly efficient, it raises questions about how leadership is sustained and if key roles are filled by volunteers or if compensation is reported under different categories. For an organization with nearly $10 million in assets, this is unusual but not necessarily negative if operations are effectively managed.
Filing History
IRS 990 filing history for Lafollette Medical Foundation Inc showing financial trends over 12 years of public records:
Over 12 years of IRS 990 filings (2010–2023), Lafollette Medical Foundation Inc's revenue has declined by 45.3%, moving from $936K to $512K. Total assets increased by 5.6% over the same period, from $9.1M to $9.6M. Total functional expenses fell by 0.1%, from $662K to $662K. In its most recent filing year (2023), Lafollette Medical Foundation Inc reported a deficit of $149K, with expenses exceeding revenue. The organization holds $1 in liabilities against $9.6M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $9.6M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $512K | $662K | $9.6M | $1 | — | — |
| 2022 | $274K | $666K | $9.1M | $28K | — | View 990 |
| 2021 | $940K | $813K | $11.3M | $13K | — | View 990 |
| 2020 | $549K | $686K | $10.9M | $23K | — | — |
| 2019 | $438K | $617K | $10.3M | $20K | — | View 990 |
| 2016 | $650K | $534K | $9.6M | $18K | — | View 990 |
| 2015 | $862K | $669K | $9.6M | $46K | — | View 990 |
| 2014 | $938K | $600K | $10.3M | $34K | — | View 990 |
| 2013 | $653K | $782K | $10.4M | $0 | — | View 990 |
| 2012 | $394K | $737K | $10.1M | $0 | — | View 990 |
| 2011 | $1.9M | $694K | $10.1M | $32K | — | View 990 |
| 2010 | $936K | $662K | $9.1M | $133K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $512K, expenses of $662K, and assets of $9.6M (revenue +86.9% year-over-year).
- 2022: Revenue of $274K, expenses of $666K, and assets of $9.1M (revenue -70.9% year-over-year).
- 2021: Revenue of $940K, expenses of $813K, and assets of $11.3M (revenue +71.2% year-over-year).
- 2020: Revenue of $549K, expenses of $686K, and assets of $10.9M (revenue +25.5% year-over-year).
- 2019: Revenue of $438K, expenses of $617K, and assets of $10.3M (revenue -32.6% year-over-year).
- 2016: Revenue of $650K, expenses of $534K, and assets of $9.6M (revenue -24.6% year-over-year).
- 2015: Revenue of $862K, expenses of $669K, and assets of $9.6M (revenue -8.1% year-over-year).
- 2014: Revenue of $938K, expenses of $600K, and assets of $10.3M (revenue +43.6% year-over-year).
- 2013: Revenue of $653K, expenses of $782K, and assets of $10.4M (revenue +65.8% year-over-year).
- 2012: Revenue of $394K, expenses of $737K, and assets of $10.1M (revenue -79.4% year-over-year).
- 2011: Revenue of $1.9M, expenses of $694K, and assets of $10.1M (revenue +104.7% year-over-year).
- 2010: Revenue of $936K, expenses of $662K, and assets of $9.1M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Lafollette Medical Foundation Inc:
Data Sources and Methodology
This transparency report for Lafollette Medical Foundation Inc is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.