Tri-Med Family Care Inc
- Assets
- $4.1m
- Revenue
- $2.6m
- Investments
- $0.0
- Employees
- 29
- Location
- Ringgold, GA
- Founding
- 03/2005
- Data as of
- 12/2023
- EIN
- 58-2573259
Organization Overview
Tri-Med Family Care Inc is located in Ringgold, GA. The organization was established in 2005. According to its NTEE Classification (E30) the organization is classified as: Ambulatory & Primary Health Care, under the broad grouping of Health Care and related organizations. As of 12/2023, Tri-Med Family Care Inc employed 29 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Tri-Med Family Care Inc 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 12/2023, Tri-Med Family Care Inc generated $2.6m in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (1.8%) each year. All expenses for the organization totaled $2.5m during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
THE ORGANIZATION PROVIDES HEALTHCARE TO INDIVIDUALS REGARDLESS OF THEIR ABILITY TO PAY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
COMMUNITY HEALTH ORGANIZATION THE ORGANIZATION PROVIDES HEALTHCARE TO INDIVIDUALS REGARDLESS OF THEIR ABILITY TO PAY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Suzanne Chovanec CEO | Officer | 40 | $95,537 |
Cherri Elliot Secretary | OfficerTrustee | 1 | $0 |
Carol Fincher Board Member | Trustee | 0 | $0 |
Natalie Hunt Vice Chair | OfficerTrustee | 1 | $0 |
Sulicia Jones President | OfficerTrustee | 5 | $0 |
Raymond Neal Treasurer | OfficerTrustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $1,323,964 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,323,964 |
| Total Program Service Revenue | $487,624 |
| Investment income | $21,686 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $708,237 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,555,692 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $101,746 |
| Compensation of current officers, directors, key employees. | $71,222 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,284,907 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $84,247 |
| Payroll taxes | $90,328 |
| Fees for services: Management | $11,465 |
| Fees for services: Legal | $12,328 |
| Fees for services: Accounting | $38,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $192,049 |
| Advertising and promotion | $0 |
| Office expenses | $52,245 |
| Information technology | $12,771 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $6,574 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $210,299 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $115,407 |
| Insurance | $27,359 |
| All other expenses | $195,005 |
| Total functional expenses | $2,545,028 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,350,921 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $4,800 |
| Accounts receivable, net | $192,824 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $59,090 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $2,518,583 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $4,126,218 |
| Accounts payable and accrued expenses | $235,049 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $4,859,609 |
| Other liabilities | $331,322 |
| Total liabilities | $5,425,980 |
| Net assets without donor restrictions | -$1,299,762 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $4,126,218 |