Liabilities / Assets
83rd percentile
Higher debt load relative to assets than 83% of similar nonprofits.
Medical Foundation of Nashville
EIN 82-4237528 • 501(c)3 • Nashville, TN
Profile
Empowering the community by supporting health access, promoting healthy lifestyles, championing health and medical education, and cooperating with other charitable entities to work towards a healthier nashville.
Siviq Scores
Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.
0.49x
Liabilities / Revenue
72nd percentile
Higher debt load relative to revenue than 72% of similar nonprofits.
Net Margin
49th percentile
Higher net margin than 49% of similar nonprofits.
Top Officer Pay
74th percentile
Higher top officer pay than 74% of similar nonprofits.
Top officer pay equals 7.9% of source-year revenue.
Asset Growth
86th percentile
Faster asset growth than 86% of similar nonprofits.
Revenue Growth
47th percentile
Faster revenue growth than 47% of similar nonprofits.
Balance Sheet
Assets
Up$841,891
Up $216,728 (+35%) from 2023
Liabilities
Up$414,152
Up $156,702 (+61%) from 2023
Net Assets
Up$427,739
Up $60,026 (+16%) from 2023
Revenue
Up$1,514,272
Up $82,132 (+5.7%) from 2023
Expenses
Up$1,454,246
Up $95,603 (+7.0%) from 2023
Net Income
Down$60,026
Down $13,471 (-18%) from 2023
Trend Graphs
Filings
Most recent year
2024 • Form 990Facts available. Structured filing facts are available, but richer extracted sections are limited.
- Assets
- $841,891
- Liabilities
- $414,152
- Net assets
- $427,739
- Revenue
- $1,514,272
- Expenses
- $1,454,246
- Net income
- $60,026
Latest Filing Detail
Jump To
Filing Snapshot
- Filing Period
- Jan 1, 2024 to Dec 31, 2024
- Signed
- Sep 24, 2025
- Return Version
- 2024v5.0
- Gross Receipts
- $1,556,325
Mission and Program Overview
Mission
The medical foundation of nashville empowers our community by supporting health access, promoting healthy lifestyles, championing health and medical education, and cooperating with other charitable entities to work towards a healthier nashville.
Empowering our community by supporting health access, promoting healthy lifestyles, championing health & medical education, & cooperating with other charitable entities to work towards a healthier nashville.
Balance Sheet Detail
| Line | Beginning | End | Change |
|---|---|---|---|
| Assets | |||
| Pledges and Grants Receivable | $578,272 | $766,589 | ▲ $188,317 |
| Cash and Non-Interest-Bearing Accounts | $34,284 | $55,736 | ▲ $21,452 |
| Land, Buildings, and Equipment, Net | $7,122 | $13,099 | ▲ $5,977 |
| Prepaid Expenses and Deferred Charges | $5,485 | $6,117 | ▲ $632 |
| Total Assets | $625,163 | $841,891 | ▲ $216,728 |
| Other Assets Total | - | $350 | - |
| Liabilities | |||
| Unsecured Notes Loans Payable | - | $245,000 | - |
| Other Liabilities | $238,429 | $155,014 | ▼ $83,415 |
| Accounts Payable and Accrued Expenses | $19,021 | $14,138 | ▼ $4,883 |
| Total Liabilities | $257,450 | $414,152 | ▲ $156,702 |
| Net Assets / Fund Balance | |||
| Net Assets Without Donor Restrictions | $339,516 | $412,576 | ▲ $73,060 |
| Net Assets With Donor Restrictions | $28,197 | $15,163 | ▼ $13,034 |
| Total Net Assets Fund Balance | $367,713 | $427,739 | ▲ $60,026 |
| Total Liabilities and Net Assets / Fund Balance | $625,163 | $841,891 | ▲ $216,728 |
Asset Categories
| Asset | Book Value | Depreciation | Basis |
|---|---|---|---|
| Equipment | $13,099 | $7,342 | $20,441 |
Compensation and Service Providers
Employees
| Name | Title | Full / Part Time | Base | Other | Total |
|---|---|---|---|---|---|
| Rebecca Leslie Mba | CEO | PT | $110,041 | $9,160 | $119,201 |
Board Members and Trustees
| Name | Title |
|---|---|
| Marilynn Michaud Md | Board Chair |
| M Kevin Smith Md | Vice Chair |
| Adrian Rodriguez Md | Director |
| Michael Zanolli Md | Director |
| Natalie Dickson Md | Director |
| Randy Fagin Md | Director |
| Jule West Md | Secretary/tr |
Revenue and Support
Revenue Composition
- Contributions and Grants
- $1,538,134
- Program Service Revenue
- $0
- Investment Income
- $-1,571
- Other Revenue
- $-22,291
- All Other Contributions
- $118,611
- Change in Net Assets
- $60,026
Audited Revenue Reconciliation
- Revenue per Audited Statements
- $1,537,263
- Revenue Not Reported on Financial Statements
- $-22,991
- Revenue Not Reported on Form 990
- $8,433,060
- Other Revenue Adjustments
- $-22,991
- Total Revenue per Audited Statements
- $9,970,323
- Total Revenue per Form 990
- $1,514,272
Expenses and Functional Allocation
Major Expense Lines
| Line Item | Amount |
|---|---|
| Salaries, Compensation, and Employee Benefits | $1,178,004 |
| Other Expenses | $276,242 |
| Total Fundraising Expense | $46,671 |
| Grants and Similar Amounts Paid | $0 |
| Professional Fundraising Fees | $0 |
Functional Expense Allocation
| Line Item | Program | Management | Fundraising | Total |
|---|---|---|---|---|
| Other Salaries and Wages | $796,879 | $55,827 | $32,375 | $885,081 |
| Current Officers, Directors, Trustees, and Key Employees | $107,401 | $7,486 | $4,314 | $119,201 |
| Fees for Services Accounting | - | $89,408 | - | $89,408 |
| Payroll Taxes | $64,138 | $8,533 | $4,592 | $77,263 |
| Other Employee Benefits | $75,097 | $334 | $215 | $75,646 |
| Occupancy | $54,766 | $4,979 | $2,489 | $62,234 |
| Office Expenses | $39,417 | $6,809 | $165 | $46,391 |
| Information Technology | $29,385 | - | - | $29,385 |
| Pension Plan Contributions | $17,882 | $1,790 | $1,141 | $20,813 |
| Conferences and Meetings | $16,634 | $1,734 | - | $18,368 |
| Insurance | - | $2,863 | - | $2,863 |
| Depreciation Depletion | $1,484 | $98 | $371 | $1,953 |
| Travel | $1,080 | $315 | - | $1,395 |
| Other Expenses | $363 | $754 | - | $1,117 |
| Advertising | - | - | $1,009 | $1,009 |
| Total Functional Expenses | $1,226,645 | $180,930 | $46,671 | $1,454,246 |
Audited Expense Reconciliation
| Line Item | Amount |
|---|---|
| Total Expenses per Audited Statements | $9,910,297 |
| Expenses Not Reported on Form 990 | $8,456,051 |
| Expenses per Audited Statements | $1,454,246 |
| Total Expenses per Form 990 | $1,454,246 |
Fundraising, Events, and Gaming
- Fundraising activities
- Yes
- Gaming activities
- No
- Professional fundraiser used
- No
Fundraising and Gaming Totals
| Line Item | Amount |
|---|---|
| Fundraising Direct Expenses | $40,482 |
| Fundraising Gross Income | $17,491 |
| Professional Fundraising Fees | $0 |
Fundraising Events
| Event | Gross Receipts | Gross Revenue | Direct Expenses | Net Income |
|---|---|---|---|---|
| Physicians Ball | $54,276 | $17,491 | $10,992 | $6,499 |
| Total Events | $54,276 | $17,491 | $40,482 | $-22,991 |
Political and Lobbying Activity
- Political campaign activity
- No
- Lobbying activity
- No
- Subject to proxy tax
- No
Debt and Bond Financing
Other Reported Liabilities
| Liability | Amount |
|---|---|
| Due to Nashville Academy of Medicine | $155,014 |
Governance and Compliance
Governance Checklist
- Compiled or reviewed by an accountant
- No
- Annual disclosure for covered persons
- Yes
- Audit committee
- Yes
- Backup withholding compliance
- Yes
- Business relationship with 35% controlled entity
- No
- Business relationship with family members
- No
- Business relationship with organization members
- No
- Material changes to governing documents
- No
- Compensation from other sources disclosed
- Yes
- CEO compensation reviewed
- Yes
- Other officer compensation reviewed
- No
- Conflict-of-interest policy
- Yes
- Audited financial statements prepared
- No
- Key decisions subject to board approval
- No
- Management duties delegated
- No
Governance Explanations
Form 990, Page 6, Part VI, Line 11B
“The form 990 is prepared by an outside accountant following the issuance of audited financial statements. The 990 is distributed electronically to the full board before filing with the irs.”
Form 990, Page 6, Part VI, Line 12C
“The board is required to sign conflict of interest statements at the beginning of each fiscal year and any questions/issues are brought before the board and addressed.”
Form 990, Page 6, Part VI, Line 15A
“The ceo is an employee of the nashville academy of medicine (nam). Since 2019, the chair and treasurer of the medical foundation of nashville were invited to deliberations with the nam executive committee in determining the ceo's salary, since mfn pays a substantial portion of the salary. They review comparability data and substantiate their deliberations regarding decisions for compensation of the ceo.”
Form 990, Page 6, Part VI, Line 19
“Governing documents are made available to the public upon request.”
Filing and Contact Details
Filer
- Filer Name
- Medical Foundation of Nashville
- EIN
- 82-4237528
- Phone
- 6157126236
- Address
- 28 WHITE BRIDGE ROAD SUITE 400, NASHVILLE, TN 37205
Signing Officer
- Name
- Rebecca Leslie Mba
- Title
- CEO
- Phone
- 6157126236
- Signed
- 2025-09-24
- Discuss with paid preparer
- Yes
Organization Details
- Principal Officer
- Rebecca Leslie Mba
- Formed
- 2018
- Legal Domicile
- Tn
- Voting Board Members
- 7
- Independent Board Members
- 7
- Employees
- 0
- Volunteers
- 619
Preparer
- Firm
- Blankenship CPA Group Pllc
- Address
- 2672 NORTH MT JULIET RD, MT JULIET, TN 37122-8015
- Preparer
- Jessica Freeman CPA
- Phone
- 6158891153
Supplemental Narrative
Additional Explanations
Form 990, Part III
“Line 4a - first accomplishment coordinated charity care - project access nashville specialty care (continued): --------------------------------------------------------------------------- pansc has established a referral process that links these patients to a network of community-based medical clinics, physician specialists, collaborating hospitals, and ancillary partners. In 2024, pansc coordinated 8.4 million in donated medical care to eligible patients through over 106,000 connections between the program and patients. See www.projectaccessnashville.com for more information. Education for physicians & physicians in training: --------------------------------------------------- the medical foundation of nashville coordinates educational opportunities for physicians & physicians in training in the form of continuing medical education courses, leadership training, and other seminars supplementing the traditional physician education provided by medical schools on topics such as financial planning, business & medicine, and news impacting healthcare. Training was conducted in middle tennessee in collaboration with other partners with expertise in the field. The medical foundation of nashville provided four educational or mentoring events for physicians and physicians-in-training in 2024, and partnered with other organizations to bring an additional three events to local physicians and physicians-in- training. Public health education: ------------------------ public health education includes education and outreach to physicians, patients, and the community at large on public health topics. The goal of this activity is to empower the community to make healthier choices towards increasingly healthy lifestyles. Education is conducted using a variety of methods, such as in-person seminars & health fairs, flyers, social media, and one-on-one interaction with individuals. More than 14,000 health outreach engagements were made in 2024 by the medical foundation of nashville to promote health in our community.”
Financial Statement Notes
Schedule D, Page 4, Part XI, Line 4B
“Special event expense netted against revenue per 990 -22,991”
Schedule D, Page 4, Part XII, Line 2D
“Special event expense netted against revenue per 990 22,991”
Schedule D, Page 4, Part XIII
“Income taxes the foundation is required to file an annual return of organization exempt from income tax (form 990) with the internal revenue service. In addition, certain nonprofit corporations are subject to income tax on net income derived from business activities unrelated to their exempt purposes. Management has determined the foundation is not subject to unrelated business income tax. Accordingly, no provision for income taxes is included in the accompanying financial statements. The foundation has determined that there are no material uncertain tax positions that require recognition or disclosure in the financial statements. The foundation is subject to routine audits by taxing jurisdictions for the periods of 2021 to present; however, there are currently no audits for any tax periods in progress.”
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| IRS990/Desc | 0 | THE MEDICAL FOUNDATION OF NASHVILLE FULFILLS ITS MISSION THROUGH PUBLIC HEALTH EDUCATION, COORDINATED CHARITY CARE, AND EDUCATION FOR PHYSICIANS AND PHYSICIANS IN TRAINING. COORDINATED CHARITY CARE - PROJECT ACCESS NASHVILLE SPECIALTY CARE: --------------------------------------------------------------------------- THE PRIMARY PROGRAM OF THE FOUNDATION IS PROJECT ACCESS NASHVILLE SPECIALTY CARE (PANSC). USING A NETWORK OF OVER 2,300 VOLUNTEER PHYSICIANS, HOSPITAL PARTNERS & COMMUNITY CLINICS, PANSC PROVIDES A COORDINATED SYSTEM OF CARE TO LOW-INCOME, UNINSURED RESIDENTS OF DAVIDSON COUNTY & 35 OTHER MIDDLE TENNESSEE COUNTIES WHO ARE BELOW 200% OF THE FEDERAL POVERTY LEVEL. - CONTINUED ON SCHEDULE O - |
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| IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc | 0 | DUE TO NASHVILLE ACADEMY OF MEDICINE |
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| IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt | 0 | SPECIAL EVENT EXPENSE NETTED AGAINST REVENUE PER 990 -22,991 |
| IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt | 1 | SPECIAL EVENT EXPENSE NETTED AGAINST REVENUE PER 990 22,991 |
| IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt | 2 | INCOME TAXES THE FOUNDATION IS REQUIRED TO FILE AN ANNUAL RETURN OF ORGANIZATION EXEMPT FROM INCOME TAX (FORM 990) WITH THE INTERNAL REVENUE SERVICE. IN ADDITION, CERTAIN NONPROFIT CORPORATIONS ARE SUBJECT TO INCOME TAX ON NET INCOME DERIVED FROM BUSINESS ACTIVITIES UNRELATED TO THEIR EXEMPT PURPOSES. MANAGEMENT HAS DETERMINED THE FOUNDATION IS NOT SUBJECT TO UNRELATED BUSINESS INCOME TAX. ACCORDINGLY, NO PROVISION FOR INCOME TAXES IS INCLUDED IN THE ACCOMPANYING FINANCIAL STATEMENTS. THE FOUNDATION HAS DETERMINED THAT THERE ARE NO MATERIAL UNCERTAIN TAX POSITIONS THAT REQUIRE RECOGNITION OR DISCLOSURE IN THE FINANCIAL STATEMENTS. THE FOUNDATION IS SUBJECT TO ROUTINE AUDITS BY TAXING JURISDICTIONS FOR THE PERIODS OF 2021 TO PRESENT; HOWEVER, THERE ARE CURRENTLY NO AUDITS FOR ANY TAX PERIODS IN PROGRESS. |
| IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc | 0 | SCHEDULE D, PAGE 4, PART XI, LINE 4B |
| IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc | 1 | SCHEDULE D, PAGE 4, PART XII, LINE 2D |
| IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc | 2 | SCHEDULE D, PAGE 4, PART XIII |
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| IRS990ScheduleJ/CompensationSurveyInd | 0 | X |
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| IRS990ScheduleJ/SupplementalInformationDetail/ExplanationTxt | 0 | COMPENSATION PAID BY UNRELATED ORGANIZATION: -------------------------------------------- REBECCA LESLIE'S W-2 IS ISSUED FROM THE NASHVILLE ACADEMY OF MEDICINE, EIN 62-0473060, A 501(C)(6) ORGANIZATION. REBECCA IS THE CEO OF THE MEDICAL FOUNDATION OF NASHVILLE (MFN) AND IS ALSO THE CEO OF THE NASHVILLE ACADEMY OF MEDICINE (NAM). MFN REIMBURSES NAM FOR A PORTION OF REBECCA'S SALARY AND BENEFITS. MFN WAS LAUNCHED IN 2018 TO CONTINUE THE CHARITABLE AND EDUCATIONAL WORK OF PHYSICIANS IN MIDDLE TENNESSEE, AND TO SPECIFICALLY TRANSFER THE ACTIVITY OF PROJECT ACCESS NASHVILLE SPECIALTY CARE, WHICH WAS STARTED IN 2005 UNDER THE LEADERSHIP OF NAM. SINCE THE PROGRAM WAS TRANSFERRED, ALL OF THE STAFF REMAINED AS EMPLOYEES OF NAM FOR CONTINUITY OF PROGRAM OPERATIONS. NAM AND MFN ARE NOT RELATED ORGANIZATIONS FOR PURPOSES OF THE FORM 990 DUE TO THE LACK OF BOARD OVERLAP AND THE ABSENCE OF CONTROL OF ONE ORGANIZATION OVER THE OTHER. |
| IRS990ScheduleJ/SupplementalInformationDetail/FormAndLineReferenceDesc | 0 | SCHEDULE J, PART III |
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| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 0 | LINE 4A - FIRST ACCOMPLISHMENT COORDINATED CHARITY CARE - PROJECT ACCESS NASHVILLE SPECIALTY CARE (CONTINUED): --------------------------------------------------------------------------- PANSC HAS ESTABLISHED A REFERRAL PROCESS THAT LINKS THESE PATIENTS TO A NETWORK OF COMMUNITY-BASED MEDICAL CLINICS, PHYSICIAN SPECIALISTS, COLLABORATING HOSPITALS, AND ANCILLARY PARTNERS. IN 2024, PANSC COORDINATED 8.4 MILLION IN DONATED MEDICAL CARE TO ELIGIBLE PATIENTS THROUGH OVER 106,000 CONNECTIONS BETWEEN THE PROGRAM AND PATIENTS. SEE WWW.PROJECTACCESSNASHVILLE.COM FOR MORE INFORMATION. EDUCATION FOR PHYSICIANS & PHYSICIANS IN TRAINING: --------------------------------------------------- THE MEDICAL FOUNDATION OF NASHVILLE COORDINATES EDUCATIONAL OPPORTUNITIES FOR PHYSICIANS & PHYSICIANS IN TRAINING IN THE FORM OF CONTINUING MEDICAL EDUCATION COURSES, LEADERSHIP TRAINING, AND OTHER SEMINARS SUPPLEMENTING THE TRADITIONAL PHYSICIAN EDUCATION PROVIDED BY MEDICAL SCHOOLS ON TOPICS SUCH AS FINANCIAL PLANNING, BUSINESS & MEDICINE, AND NEWS IMPACTING HEALTHCARE. TRAINING WAS CONDUCTED IN MIDDLE TENNESSEE IN COLLABORATION WITH OTHER PARTNERS WITH EXPERTISE IN THE FIELD. THE MEDICAL FOUNDATION OF NASHVILLE PROVIDED FOUR EDUCATIONAL OR MENTORING EVENTS FOR PHYSICIANS AND PHYSICIANS-IN-TRAINING IN 2024, AND PARTNERED WITH OTHER ORGANIZATIONS TO BRING AN ADDITIONAL THREE EVENTS TO LOCAL PHYSICIANS AND PHYSICIANS-IN- TRAINING. PUBLIC HEALTH EDUCATION: ------------------------ PUBLIC HEALTH EDUCATION INCLUDES EDUCATION AND OUTREACH TO PHYSICIANS, PATIENTS, AND THE COMMUNITY AT LARGE ON PUBLIC HEALTH TOPICS. THE GOAL OF THIS ACTIVITY IS TO EMPOWER THE COMMUNITY TO MAKE HEALTHIER CHOICES TOWARDS INCREASINGLY HEALTHY LIFESTYLES. EDUCATION IS CONDUCTED USING A VARIETY OF METHODS, SUCH AS IN-PERSON SEMINARS & HEALTH FAIRS, FLYERS, SOCIAL MEDIA, AND ONE-ON-ONE INTERACTION WITH INDIVIDUALS. MORE THAN 14,000 HEALTH OUTREACH ENGAGEMENTS WERE MADE IN 2024 BY THE MEDICAL FOUNDATION OF NASHVILLE TO PROMOTE HEALTH IN OUR COMMUNITY. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 1 | THE FORM 990 IS PREPARED BY AN OUTSIDE ACCOUNTANT FOLLOWING THE ISSUANCE OF AUDITED FINANCIAL STATEMENTS. THE 990 IS DISTRIBUTED ELECTRONICALLY TO THE FULL BOARD BEFORE FILING WITH THE IRS. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 2 | THE BOARD IS REQUIRED TO SIGN CONFLICT OF INTEREST STATEMENTS AT THE BEGINNING OF EACH FISCAL YEAR AND ANY QUESTIONS/ISSUES ARE BROUGHT BEFORE THE BOARD AND ADDRESSED. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 3 | THE CEO IS AN EMPLOYEE OF THE NASHVILLE ACADEMY OF MEDICINE (NAM). SINCE 2019, THE CHAIR AND TREASURER OF THE MEDICAL FOUNDATION OF NASHVILLE WERE INVITED TO DELIBERATIONS WITH THE NAM EXECUTIVE COMMITTEE IN DETERMINING THE CEO'S SALARY, SINCE MFN PAYS A SUBSTANTIAL PORTION OF THE SALARY. THEY REVIEW COMPARABILITY DATA AND SUBSTANTIATE THEIR DELIBERATIONS REGARDING DECISIONS FOR COMPENSATION OF THE CEO. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 4 | GOVERNING DOCUMENTS ARE MADE AVAILABLE TO THE PUBLIC UPON REQUEST. |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 0 | FORM 990, PART III |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 1 | FORM 990, PAGE 6, PART VI, LINE 11B |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 2 | FORM 990, PAGE 6, PART VI, LINE 12C |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 3 | FORM 990, PAGE 6, PART VI, LINE 15A |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 4 | FORM 990, PAGE 6, PART VI, LINE 19 |
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