Core Medical Foundation Inc

Nonprofit profile at a glance

EIN
882791679
IRS 990 coverage
2022–2024
Forms available
Form 990 2024
Location
Boca Raton, FL, USA
Phone
5612431219
Rating
76
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
Health Support Services

Reported finances

Revenue
$118,022
Expenses
$82,993
Assets
$45,414
Liabilities
$1,859

Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

3 people listed

Executive titles in this filing

  • SIDNEY J GORDON (PRESIDENT)

People named in this filing

  • SIDNEY J GORDON (PRESIDENT)
  • MEL CHANCY (VICE PRESIDE)
  • NICK KOUMALATSOS (SECRETARY)

Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.

Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

Our mission is to support military veterans and first responders by providing hormone replacement therapy and other cutting-edge research-based treatments to those who otherwise cannot afford such treatment for ptsd and other stress-related illnesses and symptoms, to improve health, quality of life, cardiovascular risk factors such as insulin resistance, fat mass, and lipid profiles, and reduce suicidal ideation.

What it reported doing in 2024

The core medical foundation hosts a weekend retreat culminating in a fundraiser and concert. Recognizing that 70% of veterans who die by suicide have a hormone deficiency, the core medical foundation will donate blood work and hormone replacement therapy to military members, veterans, law enforcement, and first responders in need. All proceeds from the event will fund initiatives to combat suicides within these communities through the core medical foundation.

Operating model

Revenue model
Mixed. Its operating money came from several sources; no one source provided a clear majority.
Distribution model
Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.

The verdict

SUPPORTED - The filed numbers largely add up and a large share of available resources goes toward mission work. Some filing-based governance responses are negative or unanswered and total assets are small relative to annual expenses; liquid coverage is unknown.

Rating breakdown

  • Financial Efficiency: 66
  • Transparency & Controls: 92
  • Accountability: 70
  • Sustainability: 58
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 64%; rating input score 64
  • Program expense ratio: 91%; rating input score 91
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 64th percentile among comparable filings
  • Pay-setting controls: Limited
  • Foreign activity oversight: Limited
  • Grant itemization coverage: Limited
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
  • Governance controls: 2 of 7 controls in place; rating input score 29
    • Conflict-of-interest policy: Fail
    • Whistleblower policy: Fail
    • Document-retention policy: Fail
    • CEO compensation review process: NotApplicable
    • Other executive compensation review process: NotApplicable
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Missing
    • Independent financial-statement audit: Fail

Sustainability

  • Operating margin: 29.7%; rating input score 82; 82nd percentile among comparable filings
  • Total-asset coverage ratio: 0.55; rating input score 26; 26th percentile among comparable filings
  • Liabilities to assets ratio: 0.04; rating input score 34; 34th percentile among comparable filings
  • Officer compensation ratio: 0%; rating input score 69; 69th percentile among comparable filings

Growth

  • Program expense growth: 61.4% per year; rating input score 100; 97th percentile among comparable filings
  • Revenue growth: 74.6% per year; rating input score 100; 99th percentile among comparable filings
  • Asset growth: 122.5% per year; rating input score 100; 99th percentile among comparable filings

Details

  • Where the money goes: 64% of revenue deployed · 91% of spending went to programs
  • Governance: 3 of 3 board members independent · 2 of 7 filing controls reported
  • Programs: 2 filed program accomplishments · $75K in reported program spending
  • Leadership: top reported pay $0 · 3 people listed
  • Consistency: 20 of 20 current checks pass
  • Schedules: 5 filed schedules · includes major donors
  • Filing history: 3 filing years from 2022 to 2024
  • Contacts: How to reach this organization
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • High — Accountability: Governance controls: 4 of 6 not reported.
  • High — Sustainability: Total-asset coverage ratio scored 26/100.
  • Moderate — Sustainability: Liabilities to assets ratio scored 34/100.