Delta Medical Foundation
- Assets
- $526.7k
- Revenue
- $4.5m
- Investments
- $0.0
- Employees
- 0
- Location
- Marks, MS
- Founding
- 04/2019
- Data as of
- 06/2023
- EIN
- 82-4404269
Organization Overview
Delta Medical Foundation is located in Marks, MS. The organization was established in 2019. According to its NTEE Classification (E32) the organization is classified as: Community Clinics, under the broad grouping of Health Care and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Delta Medical Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2023, Delta Medical Foundation generated $4.5m in total revenue. This represents relatively stable growth, over the past 4 years the organization has increased revenue by an average of 7.0% each year. All expenses for the organization totaled $3.9m during the year ending 06/2023. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
OPERATION OF HEALTHCARE ORGANIZATION IN A POVERTY STRICKEN AREA OF THE STATE OF MISSISSIPPI
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Paul Long Jr President | 1 | $9,400 | |
James Craig Gaddy Secretary | 1 | $4,000 | |
Malcom Self Treasurer | 1 | $3,965 | |
Vernon Hughes Physician | 40 | $186,150 | |
Linda Cockrell Nurse Practitioner | 40 | $120,438 | |
Mccarley Haynes Nurse Practitioner | 40 | $115,572 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Dr Richard E Waller | 6/29/23 | $362,636 |
Paragon Health Services | 6/29/23 | $192,683 |
Delta Medical Management Llc | 6/29/23 | $120,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $4,463,966 |
| Total Revenue | $4,463,966 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $17,365 |
| Other employee salaries and wages | $1,387,351 |
| Pension plans, employee benefits | $31,817 |
| Interest | $89,155 |
| Taxes | $107,458 |
| Depreciation | $43,455 |
| Occupancy | $67,939 |
| Travel, conferences, and meetings | $20,913 |
| Printing and publications | $0 |
| Other expenses | $1,163,465 |
| Total operating and administrative expenses | $3,858,737 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $3,858,737 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $44,362 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $224,028 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $245,750 |
| Other assets | $12,600 |
| Total assets | $526,740 |
| Accounts payable and accrued expenses | $420,289 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $2,796,672 |
| Other liabilities | $931,466 |
| Total liabilities | $4,148,427 |