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Filing year 2023

MEDICAL FINANCIAL SERVICES INC

Memphis, Tennessee·EIN 62-1112364·NTEE E21Z · Health Care·501(c)(3)
Total revenue
$203k
Total assets
$5.6M
Total expenses
$404k
Reported officers
7
Mission

MEDICAL FINANCIAL SERVICES, INC.'S MISSION IS TO PROVIDE ALL OF OUR CLIENTS A COMPREHENSIVE RANGE OF ACCOUNTS RECEIVABLE MANAGEMENT AND COLLECTION SERVICES; PROVIDE SERVICES IN THE MOST COST EFFECTIVE MANNER; DEMONSTRATE A COLLABORATIVE SPIRIT IN WORKING WITH ALL OF OUR CLIENTS; AND CONDUCT ALL OF ITS ACTIVITIES IN AN ATMOSPHERE OF CHRISTIAN INFLUENCE AND COMPASSION CONSISTENT WITH THE OVERALL MISSION OF BAPTIST MEMORIAL HEALTH CARE CORPORATION.

Executive compensation

Form 990 · Part VII & Schedule J · 7 reported individuals · Filing year 2023

Percentile bands compare each position's total pay with the same role at Health Care organizations in Tennessee.

President/director
25th percentile to median
$108k
$118k
Director
Board Member
25th percentile to median
$90k
$99k
Vice President/director
25th percentile to median
$89k
$97k
Former Vice President
Board Vice President
25th percentile to medianvs Health Care peers nationwide
$85k
$93k
Secretary/director (thru 10/23)
Officer (Unspecified)
$67k
$73k
Secretary/director (as of 11/23)
Officer (Unspecified)
$48k
$52k
Former Executive Director
Former Officer/director/trustee
25th percentile to medianvs Health Care peers nationwide
$39k
$43k

Teal figures restate each filed amount in 2026 dollars.

Estimated with BLS CPI-U for the South region, restating filed pay into May 2026 dollars. A restatement of past pay, not current or projected pay.

Browse compensation in Health Care

Pay in context

Top pay as a share of expenses

In 2023, the highest total compensation at MEDICAL FINANCIAL SERVICES INC equaled 27% of the organization's total expenses. The median for health care organizations is 4%.

This organization (2023)
27%
Sector median
4%
Middle half of sector
1% to 13%

Based on 13,830 health care organizations, each measured at its most recent filing year with reported expenses and compensation.

Down 18%
from 2022

From $132k in 2022 to $108k in 2023.

$132k
2022
$108k
2023
In today's dollarsEst.
Down 21% in real terms$150k to $118k

Estimated with BLS CPI-U for the South region, restating filed pay into May 2026 dollars. A restatement of past pay, not current or projected pay.

Pay for the position

Chief Executive Officer pay rose 9% from 2022 to 2023, while revenue fell 65%.

$99k in 2022 to $108k in 2023.
  • Board Member pay rose 10% from 2022 to 2023.
  • Former Officer/director/trustee pay fell 70% from 2022 to 2023.

Pay for the position itself, not any one person. The officeholder may have changed between 2022 and 2023.

Highest reported compensation in each year. Volunteer board members and partial-year payouts are filtered out.

Among peers

Revenue and top compensation, plotted against similar organizations. This organization is highlighted in cyan.

FAQ

Common questions about MEDICAL FINANCIAL SERVICES INC

What does the Chief Executive Officer of MEDICAL FINANCIAL SERVICES INC earn?

In 2023, the Chief Executive Officer of MEDICAL FINANCIAL SERVICES INC received $108,222 in total compensation. This pay is below the median (the midpoint) for Chief Executive Officer roles among Health Care organizations in Tennessee, but above the bottom quarter of comparable filings. Based on IRS Form 990 data.

How does Chief Executive Officer pay at MEDICAL FINANCIAL SERVICES INC compare with similar nonprofits?

Compared with the same role at Health Care organizations in Tennessee, the 2023 pay of the Chief Executive Officer at MEDICAL FINANCIAL SERVICES INC falls between the 25th percentile and the median. In 2023, the highest total compensation at MEDICAL FINANCIAL SERVICES INC equaled 27% of the organization's total expenses. The median for health care organizations is 4%.

What are MEDICAL FINANCIAL SERVICES INC's revenue and expenses?

In 2023, MEDICAL FINANCIAL SERVICES INC reported $203k in total revenue and $404k in total expenses on its IRS Form 990.

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