Medical Foundation Of Chattanooga Inc
EIN: 581696660 · Chattanooga, TN
| Metric | Value |
|---|---|
| Total Revenue | $2.2M |
| Total Expenses | $1.2M |
| Net Assets | $5.6M |
Is Medical Foundation Of Chattanooga Inc Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Medical Foundation Of Chattanooga Inc
Medical Foundation Of Chattanooga Inc (EIN: 581696660) is a nonprofit organization based in Chattanooga, TN. The organization reported total revenue of $2.2M and total assets of $6.6M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Medical Foundation Of Chattanooga Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Medical Foundation Of Chattanooga Inc is a mid-size nonprofit that has been operating for 39 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 9.2%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $1.9M |
| Total Expenses | $1.2M |
| Surplus / Deficit | +$717K |
| Total Assets | $5.7M |
| Total Liabilities | $110K |
| Net Assets | $5.6M |
| Operating Margin | 37.7% |
| Debt-to-Asset Ratio | 1.9% |
| Months of Reserves | 57.4 months |
Financial Health Grade: A
In 2023, Medical Foundation Of Chattanooga Inc reported a surplus of $717K with revenue exceeding expenses, holds 57.4 months of operating reserves (strong position), has a debt-to-asset ratio of 1.9% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Medical Foundation Of Chattanooga Inc's revenue has grown at a compound annual growth rate (CAGR) of 9.2%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +38.5% | -6.9% | +30.7% |
| 2022 | +49.2% | +19.5% | -9.9% |
| 2021 | +16.1% | +60.9% | +9.2% |
| 2020 | +0.9% | +11.1% | +12.8% |
| 2019 | -6.0% | -7.2% | +17.2% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2100 |
| IRS Ruling Date | 1987 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Medical Foundation Of Chattanooga Inc has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Medical Foundation Of Chattanooga Inc with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $717K, with revenue exceeding expenses.
- Debt-to-asset ratio: 1.9%.
Frequently Asked Questions about Medical Foundation Of Chattanooga Inc
Is Medical Foundation Of Chattanooga Inc a legitimate charity?
Medical Foundation Of Chattanooga Inc (EIN: 581696660) is a registered tax-exempt nonprofit based in Tennessee. It has 13 years of IRS 990 filings on record. Total revenue: $2.2M. No red flags identified. Financial health grade: A.
How does Medical Foundation Of Chattanooga Inc spend its money?
Medical Foundation Of Chattanooga Inc reported $2.2M in total revenue in IRS 990 filings. 13 years of filing data available. Revenue exceeded expenses in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Medical Foundation Of Chattanooga Inc tax-deductible?
Medical Foundation Of Chattanooga Inc is registered as a tax-exempt nonprofit (EIN: 581696660). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Medical Foundation Of Chattanooga Inc located?
Medical Foundation Of Chattanooga Inc is headquartered in Chattanooga, Tennessee and files with the IRS under EIN 581696660.
How many years of IRS 990 filings does Medical Foundation Of Chattanooga Inc have?
Medical Foundation Of Chattanooga Inc has 13 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 $2.2M in total revenue.
Filing History
IRS 990 filing history for Medical Foundation Of Chattanooga Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Medical Foundation Of Chattanooga Inc's revenue has grown by 188.5%, moving from $659K to $1.9M. Total assets increased by 278% over the same period, from $1.5M to $5.7M. Total functional expenses rose by 158.1%, from $459K to $1.2M. In its most recent filing year (2023), Medical Foundation Of Chattanooga Inc reported a surplus of $717K, with revenue exceeding expenses. The organization holds $110K in liabilities against $5.7M in assets (debt-to-asset ratio: 1.9%), resulting in net assets of $5.6M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $1.9M | $1.2M | $5.7M | $110K | — | View 990 |
| 2022 | $1.4M | $1.3M | $4.3M | $103K | — | — |
| 2021 | $920K | $1.1M | $4.8M | $103K | — | View 990 |
| 2020 | $792K | $662K | $4.4M | $103K | — | — |
| 2019 | $785K | $596K | $3.9M | $104K | — | View 990 |
| 2018 | $835K | $643K | $3.3M | $103K | — | View 990 |
| 2017 | $1.0M | $653K | $3.3M | $173K | — | View 990 |
| 2016 | $1.1M | $614K | $2.8M | $172K | — | View 990 |
| 2015 | $820K | $657K | $2.3M | $125K | — | View 990 |
| 2014 | $649K | $583K | $2.2M | $172K | — | View 990 |
| 2013 | $618K | $436K | $2.0M | $122K | — | View 990 |
| 2012 | $534K | $444K | $1.7M | $78K | — | View 990 |
| 2011 | $659K | $459K | $1.5M | $22K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $1.9M, expenses of $1.2M, and assets of $5.7M (revenue +38.5% year-over-year).
- 2022: Revenue of $1.4M, expenses of $1.3M, and assets of $4.3M (revenue +49.2% year-over-year).
- 2021: Revenue of $920K, expenses of $1.1M, and assets of $4.8M (revenue +16.1% year-over-year).
- 2020: Revenue of $792K, expenses of $662K, and assets of $4.4M (revenue +0.9% year-over-year).
- 2019: Revenue of $785K, expenses of $596K, and assets of $3.9M (revenue -6.0% year-over-year).
- 2018: Revenue of $835K, expenses of $643K, and assets of $3.3M (revenue -18.4% year-over-year).
- 2017: Revenue of $1.0M, expenses of $653K, and assets of $3.3M (revenue -4.6% year-over-year).
- 2016: Revenue of $1.1M, expenses of $614K, and assets of $2.8M (revenue +30.9% year-over-year).
- 2015: Revenue of $820K, expenses of $657K, and assets of $2.3M (revenue +26.3% year-over-year).
- 2014: Revenue of $649K, expenses of $583K, and assets of $2.2M (revenue +5.1% year-over-year).
- 2013: Revenue of $618K, expenses of $436K, and assets of $2.0M (revenue +15.7% year-over-year).
- 2012: Revenue of $534K, expenses of $444K, and assets of $1.7M (revenue -19.0% year-over-year).
- 2011: Revenue of $659K, expenses of $459K, and assets of $1.5M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Medical Foundation Of Chattanooga Inc:
Data Sources and Methodology
This transparency report for Medical Foundation Of Chattanooga 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.