DURABLE MEDICAL EQUIPMENT INC

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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

1990

Legal Domicile

Principal Officer

TAREK ELSAWY MD

Phone

8884104363

Tax Period

2018-01-01 to 2018-03-31

DURABLE MEDICAL EQUIPMENT INC, founded in 1990, is a community nonprofit that reported $2.4M in total revenue in fiscal year 2018. Revenue fell 75% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $497K, a strong 21% operating margin.

Mission

TO SELL AND/OR RENT MEDICAL EQUIPMENT AND SUPPLIES TO BENEFIT RELIANT MEDICAL GROUP AND OTHER MEMBERS OF THE COMMUNITY.

Program Service Accomplishments

Program 1

Expenses: $1,792,443 Revenue: $2,370,707

AS A SUPPORTING ORGANIZATION OF RELIANT MEDICAL GROUP AND IN ORDER TO MEET THE ORGANIZATION'S EXEMPT PURPOSE, DURABLE MEDICAL EQUIPMENT, INC. OPERATES FOR THE BENEFIT OF, TO PERFORM THE FUNCTIONS OF, AND TO CARRY OUT THE PURPOSE OF RELIANT MEDICAL GROUP, A RELATED 501(C)(3) ORGANIZATION. DURABLE'S PURPOSES AND ACTIVITIES FOCUS ON SUPPORTING RELIANT MEDICAL GROUP'S PROVIDERS AND ANY OTHER INDIVIDUALS IN THE RELIANT MEDICAL GROUP SERVICE AREA, IN ITS EFFORT TO PROVIDE CARE TO APPROXIMATELY 383,000 PATIENTS IN MASSACHUSETTS. DURABLE SUPPORTS RELIANT MEDICAL GROUP, BY PROVIDING DURABLE MEDICAL EQUIPMENT, PROSTHETICS, ORTHOTICS AND OTHER SUPPLIES TO RELIANT MEDICAL GROUP PATIENTS, AND TO OTHER INDIVIDUALS IN NEED OF SUCH EQUIPMENT AND SUPPLIES WITHIN THE RELIANT MEDICAL GROUP SERVICE AREA.

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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 (2018)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $2,370,707

Investment Income $0

Other Revenue $0

TOTAL REVENUE $2,370,707

Expense Breakdown

Grants Paid $0

Salaries & Benefits $525,866

Fundraising Expenses $0

Program Expenses $1,792,443

Other Expenses $1,347,399

TOTAL EXPENSES $1,873,265

Year-over-Year Comparison

	2018	2017	Change
Revenue	$2,370,707	$9,433,831	-0.7%
Expenses	$1,873,265	$8,204,311	-0.8%
Net Income	$497,442	$1,229,520	-0.6%

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

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

$729,147

Total Directors

$508,511

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JOHN ANDREOLI	DIRECTOR	1.00	Director	$0	$0	$4,000
TAREK ELSAWY MD	DIRECTOR/PRESIDENT	1.00	Officer Director	$0	$21,010	$501,011
KEVIN O'SULLIVAN	DIRECTOR	1.00	Director	$0	$0	$3,500
SEEMA NARAVANE MD	CLERK	1.00	Officer	$0	$17,179	$74,747
BRUCE PLUMMER	TREASURER	1.00	Officer	$0	$22,439	$153,389
LEON JOSEPHS MD	FORMER PRESIDENT	0.00		$0	$21,518	$175,041

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
2018	$2,370,707	$1,873,265	No data	$497,442