WORCESTER MEDICAL LIBRARY INC (EIN 042108394) - Form 990 Financial Analysis & Trantor Score

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1934

Legal Domicile

Principal Officer

ALWYN RAPOSE MD

Phone

5087531579

Tax Period

2024-01-01 to 2024-12-31

WORCESTER MEDICAL LIBRARY INC, founded in 1934, is a small nonprofit that reported $228K in total revenue in fiscal year 2024. Revenue surged 157% from the prior year, signaling strong growth momentum. The organization ran a surplus of $123K, a strong 54% operating margin.

Mission

CONTINUING MEDICAL EDUCATION

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $52,690

Program Service Revenue $0

Investment Income $175,370

Other Revenue $0

TOTAL REVENUE $228,060

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $100,035

Other Expenses $105,136

TOTAL EXPENSES $105,136

Year-over-Year Comparison

	2024	2023	Change
Revenue	$228,060	$88,855	+1.6%
Expenses	$105,136	$100,390	+0.0%
Net Income	$122,924	$-11,535	-11.7%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

N/A

Volunteers

N/A

Governance Policies

✗ Conflict of Interest Policy

✗ Whistleblower Policy

✗ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School

✗ Operated a Hospital

✗ Provided First Class Travel

✗ Reported Conflict of Interest

✗ Reported Asset Diversion

✗ Excess Benefit Transaction

✗ Made Political Expenditures

✗ Engaged in Lobbying

✗ Operated Donor Advised Fund

✗ Maintained Art Collections

✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Role	Reportable Comp	Other Comp	Total
SAHDEV PASSEY MD	Trustee	Director	$0	$0	$0
B DALE MAGEE MD	Trustee	Director	$0	$0	$0
SPIRO SPANAKIS DO	Trustee	Director	$0	$0	$0
MICHELE PUGNAIRE MD	Trustee	Director	$0	$0	$0
LEAH DORET MD	Trustee	Director	$0	$0	$0
ROBERT BESSETTE MD	Trustee	Director	$0	$0	$0
ROBERT SORRENTI MD	Trustee	Director	$0	$0	$0
PAUL STEEN MD	Trustee	Director	$0	$0	$0
ANTHONY ESPOSITO MD	Trustee	Director	$0	$0	$0
ALWYN RAPOSE MD	President	Officer	$0	$0	$0
LYNDA YOUNG MD	Secretary	Officer	$0	$0	$0
ADIB KARAM MD	Treasurer	Officer	$0	$0	$0
MICHELLE HADLEY DO	Vice President	Officer	$0	$0	$0

Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year	Revenue	Expenses	Assets	Net Income
2024	$228,060	$105,136	$1,168,985	$122,924
2023	$88,855	$100,390	$1,028,422	$-11,535
2022	$130,142	$98,785	$892,422	$31,357
2021	$165,721	$104,120	$1,144,480	$61,601
2020	$175,856	$101,301	$1,013,275	$74,555

WORCESTER MEDICAL LIBRARY INC