WORCESTER DISTRICT MEDICAL SOCIETY

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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

1794

Legal Domicile

Phone

5087531579

Tax Period

2024-01-01 to 2024-12-31

WORCESTER DISTRICT MEDICAL SOCIETY, founded in 1794, is a small nonprofit in the Health Care sector that reported $348K in total revenue in fiscal year 2024. Revenue grew 17% year-over-year, indicating healthy expansion. The organization ran a surplus of $122K, a strong 35% operating margin.

Mission

MEDICAL EDUCATION AND MEDICAL ETHICS

Program Service Accomplishments

Program 1

Expenses: $217,146

THE ADVANCEMENT OF MEDICAL KNOWLEDGE. TO DEVELOP AND MAINTAIN THE HIGHEST PROFESSIONAL AND ETHICAL STANDARDS OF MEDICAL PRACTICE AND HEALTH CARE.

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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 $276,153

Program Service Revenue $0

Investment Income $72,090

Other Revenue $0

TOTAL REVENUE $348,243

Expense Breakdown

Grants Paid $3,700

Salaries & Benefits $99,421

Fundraising Expenses $0

Program Expenses $217,146

Other Expenses $122,724

TOTAL EXPENSES $225,845

Year-over-Year Comparison

	2024	2023	Change
Revenue	$348,243	$297,757	+0.2%
Expenses	$225,845	$264,595	-0.1%
Net Income	$122,398	$33,162	+2.7%

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

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

$86,834

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MARTHA G WRIGHT MBA	Executive Dir.	40.00	Director	$86,834	$0	$86,834
ALWYN RAPOSE MD	President	0.00	Officer Director	$0	$0	$0
JUSTIN MAYKEL MD	Secretary	0.00	Officer Director	$0	$0	$0
MICHELLE HADLEY DO	Vice President	0.00	Officer Director	$0	$0	$0
ADIB KARAM MD	Treasurer	0.00	Officer 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	$348,243	$225,845	$1,557,365	$122,398
2023	$297,757	$264,595	$1,299,462	$33,162
2022	$343,220	$233,281	$1,101,665	$109,939
2021	$388,902	$217,823	$1,289,661	$171,079
2020	$288,922	$256,059	$1,028,142	$32,863