CONSORTIUM INFORMATION SERVICES 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

1994

Legal Domicile

Principal Officer

GRACE DIVIRGILIO

Phone

7169296301

Tax Period

2025-01-01 to 2025-12-31

CONSORTIUM INFORMATION SERVICES INC, founded in 1994, is a small nonprofit in the Health Care sector that reported $606K in total revenue in fiscal year 2025. Revenue fell 38% from the prior year — a significant decline worth monitoring. Expenses of $1.0M exceeded revenue, resulting in a 72% operating deficit.

Mission

PROGRAM NBSP;ESTABLISHES NBSP;A NBSP;DATABASE NBSP;OF NBSP;BIO-MEDICAL NBSP;AND NBSP;MEDICAL NBSP;DEVICE NBSP;MATERIAL NBSP;WHICH NBSP;IS NBSP;AVAILABLE NBSP;TO NBSP;THE NBSP;INDUSTRY NBSP;AND NBSP;THE NBSP;COMMUNITY

Program Service Accomplishments

Program 1

INCREASE CONTRIBUTION TO HEALTHCARE INDUSTRY TO WNY S ECONOMY AND QUALITY OF LIFE THROUGH CREATION OF A MODEL HEALTHCARE SYSTEM

Program 2

Expenses: $664,348

OVID PROJECT ALONG WITH OTHERS ESTABLISHES A DATABASE OF MEDICAL AND RESEARCH MATERIALS WHICH IS AVAILABLE TO PHYSICIANS AND MEDICAL STUDENTS

Program 3

Expenses: $370,020

THE TLS PROJECT IS A HIGH SPEED COMMUNICATIONS NETWORK DESIGNED TO AID IN THE DATA SHARING PROCESS BETWEEN MEMBER HOSPITALS AND THE SCHOOL OF MEDICINE.

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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 (2025)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $606,482

Investment Income $16

Other Revenue $0

TOTAL REVENUE $606,498

Expense Breakdown

Grants Paid $0

Salaries & Benefits $127,377

Fundraising Expenses $0

Program Expenses $1,034,368

Other Expenses $913,795

TOTAL EXPENSES $1,041,172

Year-over-Year Comparison

	2025	2024	Change
Revenue	$606,498	$984,635	-0.4%
Expenses	$1,041,172	$789,892	+0.3%
Net Income	$-434,674	$194,743	-3.2%

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

N/A

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

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
GRACE DIVIRGILIO	CHAIRMAN	001.00	Officer Director	$0	$0	$0
HANK COLE	VICE-CHAIRMAN	001.00	Officer Director	$0	$0	$0
DR SAMUEL CLOUD	TREASURER	001.00	Officer Director	$0	$0	$0
MANDIP PANESAR MD	TREASURER	001.00	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
2025	$606,498	$1,041,172	$516,724	$-434,674
2024	$984,635	$789,892	$972,764	$194,743
2023	$1,030,597	$868,839	$858,889	$161,758
2022	$1,150,894	$1,332,578	$1,004,308	$-181,684
2021	$1,109,973	$1,546,931	$1,047,140	$-436,958
2020	$1,247,870	$1,540,178	$1,271,455	$-292,308
2019	$2,866,751	$1,951,972	$1,774,090	$914,779
2018	$1,647,306	$1,749,056	$2,143,068	$-101,750