HARTFORD COUNTY MEDICAL ASSOCIATION INC (EIN 060681545) - 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

1953

Legal Domicile

Principal Officer

JOHN BRANNELLY

Phone

2035132045

Tax Period

2023-01-01 to 2023-12-31

HARTFORD COUNTY MEDICAL ASSOCIATION INC, founded in 1953, is a small nonprofit that reported $207K in total revenue in fiscal year 2023. Revenue decreased 6% compared to the prior year. Net assets of $1.6M represent 94 months of operating reserves.

Mission

TO PROMOTE AND REPRESENT HIGH QUALITY MEDICAL CARE ON BEHALF OF AND THROUGH ITS MEMBERS; TO THAT END TO CULTIVATE AND ADVANCE EDUCATION IN THE ART AND PRACTICE OF MEDICINE; TO ENDORSE AND SUPPORT THE HIGHEST STANDARDS OF PROFESSIONAL INTEGRITY, HONOR AND COURTESY WITHIN THE MEDICAL PROFESSION AND; TO WORK WITH THE COMMUNITY AND ITS REPRESENTATIVES FOR THE IMPROVEMENTS OF HEALTH FOR ALL PEOPLE WITHIN HARTFORD COUNTY; TO THAT END TO BE INVOLVED IN DEVELOPMENT OF SOUND PUBLIC POLICY.

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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 (2023)

Revenue Breakdown

Contributions & Grants $162,939

Program Service Revenue $3,240

Investment Income $40,437

Other Revenue $0

TOTAL REVENUE $206,616

Expense Breakdown

Grants Paid $0

Salaries & Benefits $10,778

Fundraising Expenses $0

Other Expenses $210,560

TOTAL EXPENSES $221,338

Year-over-Year Comparison

	2023	2022	Change
Revenue	$206,616	$220,205	-0.1%
Expenses	$221,338	$157,065	+0.4%
Net Income	$-14,722	$63,140	-1.2%

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

$9,437

Total Directors

$10,182

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
AKELLA S SARMA MD	IMMEDIATE PAST PRESIDENT	1.00	Officer Director	$0	$0	$0
ATIQUE A MIRZA MD	VICE PRESIDENT	1.00	Officer Director	$2,500	$0	$2,500
CHARANJEEV KAPOOR MD	MEMBER	1.00	Director	$149	$0	$149
DAVID KRUGER MD	MEMBER	1.00	Director	$149	$0	$149
FAIQA CHEEMA MD	MEMBER	1.00	Director	$149	$0	$149
FRANK A SANTORO MD	PRESIDENT	1.00	Officer Director	$5,000	$0	$5,000
GWENDOLYN H MORASKI MD	COUNCILOR	1.00	Officer Director	$596	$0	$596
JANE KEATING MD	MEMBER	1.00	Director	$0	$0	$0
KEVIN W WATSON MD	ASSOCIATE COUNCILOR	1.00	Officer Director	$447	$0	$447
KRISTINE BIRDSALL MD	MEMBER	1.00	Director	$149	$0	$149
LAUREEN F RUBINO MD	ASSOCIATE COUNCILOR	1.00	Officer Director	$447	$0	$447
MADHAVI GORUSU MD	MEMBER	1.00	Director	$0	$0	$0
NAZER QURESHI MD	MEMBER	1.00	Director	$0	$0	$0
RICHARD ZHU MD	MEMBER	1.00	Director	$0	$0	$0
ROBERT D MALKIN MD	MEMBER	1.00	Director	$149	$0	$149
SAMA ALVI MD	SECRETARY-TREASURER	1.00	Officer Director	$447	$0	$447

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	No data	No data	No data	No data
2023	$206,616	$221,338	$1,666,126	$-14,722
2022	$220,205	$157,065	$1,614,921	$63,140
2021	$279,574	$124,245	$1,811,474	$155,329
2020	$228,460	$158,643	$1,572,775	$69,817
2019	$293,170	$216,678	$1,603,374	$76,492
2018	$567,420	$261,621	$1,230,710	$305,799

HARTFORD COUNTY MEDICAL ASSOCIATION INC