Sbmf

Legal name: South Bend Medical Foundation

Nonprofit profile at a glance

EIN
350868178
IRS 990 coverage
2010–2024
Official website data refreshed
Sep 2026
Forms available
Form 990 2024, Form 990-T 2024
Location
South Bend, IN, USA
Phone
(574) 236-7263 ext. 4288
Rating
76
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
Health Support Services

Official website

Reported finances

Revenue
$21,363,619
Expenses
$22,699,034
Assets
$45,280,911
Liabilities
$10,152,921

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

Leadership & pay

18 people listed

Executive titles in this filing

  • TIMOTHY TRAVIS (PRESIDENT/CEO)

Highest reported compensation

  • TIMOTHY TRAVIS (PRESIDENT/CEO): $414,592 total reported compensation
  • DERRICK FORCHETTI (PATHOLOGIST): $389,636 total reported compensation
  • NITA GERIG MD (CMO/SECRETARY): $387,776 total reported compensation

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 provide high-quality medical services while recognizing that there is a life behind everything we do. Our Vision. is to provide high-quality medical services while recognizing that there is a life behind everything we do. Provide accurate, timely service and communication to our clients, community and one another Our History. Central Blood Bank Established The Central Blood Bank was established under the Junior League of South Bend to better coordinate area blood needs. League members volunteered to recruit donors and handle clerical tasks, resulting in the formation of a community blood bank. 1912.

What it reported doing in 2024

South bend medical foundation, inc. (the foundation), provides pathology services for patients and doctors throughout northern and central Indiana and southwestern Michigan with a concentration of revenues from hospitals located in the surrounding areas. The foundation also has a blood bank line of business where blood is donated by volunteers and subsequently processed and sold to local hospitals in the surrounding areas. The foundation provides assistance to individuals in the form of free or reduced fee medical care at various locations throughout the communities served. These individuals meet sbmf's charity care eligibility requirements, or the requirements of the referring health care provider. During 2024, the foundation provided $68,628 in patient medical assistance.the foundation also provides discounts for payment at time of service to patients who do not have government provided insurance coverage or do not wish to have a claim filled with their commercial insurance carrier. During 2024, the foundation provided $80,622 in time of service discounts.

Operating model

Revenue model
Earned-program. 85% of the money available for current operations came from fees and other program revenue.
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 - A large share of available resources goes toward mission work and the filed numbers largely add up. Program spending has declined or grown slowly and revenue has declined or grown slowly.

Rating breakdown

  • Financial Efficiency: 87
  • Transparency & Controls: 72
  • Accountability: 88
  • Sustainability: 33
  • Growth: 0

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 100%; rating input score 100
  • Program expense ratio: 93.8%; rating input score 94
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 93.3%; rating input score 93; 14th percentile among comparable filings
  • Pay-setting controls: 3 of 6 controls in place; rating input score 50
    • Compensation committee: Pass
    • Independent consultant: Missing
    • Other Form 990s reviewed: Pass
    • Written employment contract: Missing
    • Compensation survey or study: Missing
    • Board or committee approval: Pass
  • Foreign activity oversight: Limited
  • Grant itemization coverage: Limited
  • Major donor itemization: Limited
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 80%; rating input score 80; 16th percentile among comparable filings
  • Governance controls: 9 of 9 controls in place; rating input score 100
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: Pass
    • Other executive compensation review process: Pass
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Pass
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: -6.3%; rating input score 15; 15th percentile among comparable filings
  • Total-asset coverage ratio: 1.99; rating input score 62; 62nd percentile among comparable filings
  • Liabilities to assets ratio: 0.22; rating input score 55; 55th percentile among comparable filings
  • Officer compensation ratio: 14.7%; rating input score 9; 9th percentile among comparable filings

Growth

  • Program expense growth: -13.3% per year; rating input score 0; 1st percentile among comparable filings
  • Revenue growth: -9.6% per year; rating input score 0; 1st percentile among comparable filings
  • Asset growth: -0.1% per year; rating input score 0; 10th percentile among comparable filings

Details

  • What they do: Mission, programs, and operating context captured from the official website.
  • Where the money goes: 100% of revenue deployed · 93.8% of spending went to programs
  • Governance: 8 of 10 board members independent · 9 of 9 filing controls reported
  • Programs: 1 filed program accomplishment · $21.3M in reported program spending
  • Leadership: top reported pay $415K · 18 people listed · 3 of 6 pay-setting controls reported
  • Highest-paid contractors: 4 contractors listed · $2.5M reported
  • Consistency: 36 of 36 current checks pass
  • Schedules: 5 filed schedules · includes executive pay
  • Filing history: 15 filing years from 2010 to 2024
  • Contacts: How to reach this organization
  • Money network: 10 filed money-flow records
  • Related organizations: 1 filed related-organization link
  • 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.
  • Staff and benefit plans: Retirement and health plans the organization files with the Department of Labor, and the people in them.

Key Signals

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

  • High — Growth: Program expense growth scored 0/100.
  • High — Growth: Revenue growth scored 0/100.
  • High — Sustainability: Operating margin scored 15/100.
  • High — Growth: Asset growth scored 0/100.
  • High — Sustainability: Officer compensation ratio scored 9/100.
  • Review — Sustainability: Liabilities to assets ratio scored 55/100.