SCHOLARSHIP FUND OF THE WORCESTER DISTRICT MEDICAL SOCIETY (EIN 043169847) - Form 990 Financial Analysis & Trantor Score

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Legal Domicile

Principal Officer

ALWYN RAPOSE MD

Phone

5087531579

Tax Period

2024-01-01 to 2024-12-31

SCHOLARSHIP FUND OF THE WORCESTER DISTRICT MEDICAL SOCIETY is a small nonprofit in the Education sector that reported $460K in total revenue in fiscal year 2024. Revenue surged 530% from the prior year, signaling strong growth momentum. The organization ran a surplus of $412K, a strong 90% operating margin.

Mission

SCHOLARSHIPS FOR MEDICAL STUDENTS

🔒

Trantor Score

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

Sign in to view Trantor Score and financial metrics

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

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $31,262

Program Service Revenue $0

Investment Income $429,054

Other Revenue $0

TOTAL REVENUE $460,316

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $43,058

Other Expenses $47,841

TOTAL EXPENSES $47,841

Year-over-Year Comparison

	2024	2023	Change
Revenue	$460,316	$73,119	+5.3%
Expenses	$47,841	$51,897	-0.1%
Net Income	$412,475	$21,222	+18.4%

Key Indicators

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

🔒

Financial Health Indicators

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

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

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
MICHELLE HADLEY DO	Vice President	Director	$0	$0	$0
ALWYN RAPOSE MD	President	Director	$0	$0	$0
MICHELE PUGNAIRE MD	Chairman	Director	$0	$0	$0
KENNETH KRONLUND MD	Trustee	Director	$0	$0	$0
MARTHA G WRIGHT MBA	EXEC. DIR. WDMS	Director	$0	$0	$0
JUSTIN MAYKEL MD	Secretary	Director	$0	$0	$0
ADIB KARAM MD	Treasurer	Director	$0	$0	$0
SAHDEV PASSEY MD	Trustee	Director	$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	$460,316	$47,841	$1,058,328	$412,475
2023	$73,119	$51,897	$888,502	$21,222
2022	$49,035	$45,234	$714,808	$3,801
2021	$84,133	$72,480	$872,290	$11,653
2020	$59,757	$64,455	$720,089	$-4,698

SCHOLARSHIP FUND OF THE WORCESTER DISTRICT MEDICAL SOCIETY