South Bend Medical Foundation Inc
94% goes to programs Strong reserves
South Bend Medical Foundation Inc is a 501(c)(3) organization based in South Bend, Indiana, registered in 1949, with $21,363,619 in FY2024 revenue. CharityIndex grades it A, and it directs about 94% of spending to programs.
3355 Douglas Rd, South Bend, IN, 46635 EIN 35-0868178 Since 1949
Revenue (FY2024)
$21.4M
▲ 15.8% vs prior year
Health median: $840K
Expenses (FY2024)
$22.7M
Net assets
$35.1M
Employees
176
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
A
A+Program efficiency40% of the rating94% to programs
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. For South Bend Medical Foundation Inc: 94% to programs earns a A+ on this criterion. See the exact thresholds →
B+Financial health25% of the rating19 mo reserves · -6% margin
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For South Bend Medical Foundation Inc: 19 mo reserves · -6% margin earns a B+ on this criterion. See the exact thresholds →
A+Governance25% of the rating6 of 6 checks met
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. For South Bend Medical Foundation Inc: 6 of 6 checks met earns a A+ on this criterion. See the exact thresholds →
ATransparency10% of the rating4 of 5 disclosure signals
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For South Bend Medical Foundation Inc: 4 of 5 disclosure signals earns a A on this criterion. See the exact thresholds →
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Mission
To provide high-quality pathology and blood services to those we serve, keeping in mind there is a life behind everything we do.
Contact & location
- Address
- 3355 Douglas Rd, South Bend, IN, 46635
- City
- South Bend
- State
- Indiana
- Category
- Health Care
- Subcategory
- Health Support Services
- Phone
- …
- Website
- …
Financial trends
Revenue declined from $101.2M (FY2013) to $21.4M (FY2024) across 12 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $10.2MNet assets $35.1M
Operating margin
-6.3%
Spent more than it raised in the latest fiscal year.
Total assets
$45.3M
Total liabilities
$10.2M
Net assets
$35.1M
Salaries & benefits
$12.4M
55% of expenses
Board members
10
8 independent
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $21,363,619▲15.8% | $22,699,034▼1.7% | $35,127,990▼0.5% | $45,280,911▼8.0% | 990 |
| 2023 | $18,443,942▲15.8% | $23,091,365▲2.5% | $35,310,218▼3.6% | $49,222,710▲1.2% | 990 |
| 2022 | $15,932,447▼25.0% | $22,522,024▼13.3% | $36,615,050▼22.5% | $48,622,291▼7.5% | 990 |
| 2021 | $21,231,180▲16.3% | $25,971,465▼9.9% | $47,264,246▼6.9% | $52,568,816▼1.8% | 990 |
| 2020 | $18,253,936▼85.9% | $28,820,131▼55.7% | $50,780,548▼15.1% | $53,552,972▼27.7% | 990 |
| 2019 | $129,308,739▲70.6% | $65,077,311▼16.0% | $59,809,664▲8913% | $74,047,036▲110% | 990 |
| 2018 | $75,806,676▼11.3% | $77,440,581▼5.9% | $663,589▼80.6% | $35,340,362▼13.6% | 990 |
| 2017 | $85,487,349▼2.7% | $82,302,512▼6.4% | $3,418,430▲15.3% | $40,920,365▼1.2% | 990 |
| 2016 | $87,879,560▼4.3% | $87,907,743▼4.4% | $2,965,237▼28.1% | $41,409,672▼4.3% | 990 |
| 2015 | $91,829,378▼4.2% | $91,927,675▼5.2% | $4,126,851▼48.3% | $43,264,513▼6.9% | 990 |
| 2014 | $95,860,593▼5.3% | $96,934,600▼3.5% | $7,979,219▼52.4% | $46,470,813▼9.7% | 990 |
| 2013 | $101,209,242 | $100,422,890▲2.0% | $16,754,706▲230% | $51,455,515▼2.2% | 990 |
| 2012 | — | $98,493,743▲3.3% | $5,069,930▼33.5% | $52,639,511▼1.8% | 990 |
| 2011 | — | $95,352,521▲1.4% | $7,618,855▼53.0% | $53,629,071▲1.0% | 990 |
| 2010 | — | $94,073,071 | $16,204,966 | $53,079,665 | 990 |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
Leadership & compensation (FY2024)
Highest-paid: Timothy Travis — $350,901 (1.55% of total expenses)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| Timothy Travis | President/ceo | 40 | $350,901 |
| Derrick Forchetti | Pathologist | 40 | $344,845 |
| Nita Gerig Md | Cmo/secretary | 32 | $331,462 |
| Erica Martin | Pathologist | 40 | $328,821 |
| James Dyer | Pathologist | 40 | $319,813 |
| Odeta Lapkus | Pathologist | 40 | $313,723 |
| Nichole Anest | Pathologist | 40 | $295,345 |
| Laurie Griesinger Md | Board Member | 40 | $270,892 |
| Terry Pipp | Cfo (termed 4/2025) | 40 | $220,168 |
| Timothy Stolt | Coo | 40 | $158,137 |
| Al Harding Md | Chairman | 1 | — |
| Carlton Lyons Md | Board Member | 1 | — |
| James Kelly Md Mba | Vice Chairman | 1 | — |
| Janilyn Daub | Board Member | 1 | — |
| John Griffith | Board Member | 1 | — |
| Michael Blakesley Md | Board Member | 1 | — |
| Sharon Stack Phd | Board Member | 1 | — |
| Shery Roussaire | Treasurer | 1 | — |
Top vendors & contractors (FY2024)
| Contractor | Services | Paid |
|---|---|---|
| Versiti Blood Center of Indiana | Blood Testing & Medical Director | $1,328,115 |
| Us Pack Med LLC | Courier Services | $767,526 |
| Novopath LLC | Pathology Lis | $254,467 |
| Ellkay LLC | It Services | $124,663 |
Grants received · $63K total
1 grant to South Bend Medical Foundation Inc totaling $63K, reported by foundations on their Schedule I filings.
| Grantmaker | Purpose | Year | Amount |
|---|---|---|---|
| University of Notre Dame Du Lac | See footnote 2, part iv | 2014 | $62,500 |
Grants made · $7,925 in FY2023
1 grant totaling $7,925 in FY2023. All grants made by South Bend Medical Foundation Inc →
| Recipient | Purpose | Amount |
|---|---|---|
| Hello Gorgeous of Hope Inc | Blood campaign october 2023 | $7,925 |
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Frequently asked questions
- Is South Bend Medical Foundation Inc a legitimate nonprofit?
- Yes. South Bend Medical Foundation Inc is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 35-0868178, based in South Bend, Indiana. Donations are tax-deductible.
- What is South Bend Medical Foundation Inc's EIN?
- South Bend Medical Foundation Inc's Employer Identification Number (EIN) is 35-0868178.
- How much revenue does South Bend Medical Foundation Inc report?
- South Bend Medical Foundation Inc reported $21,363,619 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- How much of South Bend Medical Foundation Inc's spending goes to programs?
- South Bend Medical Foundation Inc spends about 94% of its total expenses on programs, based on its latest IRS Form 990.
- What financial grade does South Bend Medical Foundation Inc have?
- CharityIndex grades South Bend Medical Foundation Inc A, based on program efficiency and fundraising cost.
- How much does South Bend Medical Foundation Inc's highest-paid employee make?
- The highest reported compensation on South Bend Medical Foundation Inc's latest Form 990 is $350,901, paid to Timothy Travis (President/ceo).
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Data for South Bend Medical Foundation Inc (EIN 35-0868178) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.