Sri Lanka Medical Association of North America Inc (Western Region) (EIN 200616241) - 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

2004

Legal Domicile

Principal Officer

METHINDA V JAYAWARDENA

Phone

6264451853

Tax Period

2023-01-01 to 2023-12-31

Sri Lanka Medical Association of North America Inc (Western Region), founded in 2004, is a small nonprofit in the Health Care sector that reported $456K in total revenue in fiscal year 2023. Revenue fell 24% from the prior year — a significant decline worth monitoring. Expenses of $730K exceeded revenue, resulting in a 60% operating deficit.

Mission

To bring together persons living in the US and Canadafor charitable and humanitarian purposes including prevention of diseases

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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 $456,281

Program Service Revenue $0

Investment Income $18

Other Revenue $0

TOTAL REVENUE $456,299

Expense Breakdown

Grants Paid $729,060

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $729,060

Other Expenses $1,229

TOTAL EXPENSES $730,289

Year-over-Year Comparison

	2023	2022	Change
Revenue	$456,299	$600,029	-0.2%
Expenses	$730,289	$835,043	-0.1%
Net Income	$-273,990	$-235,014	+0.2%

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

N/A

Independent Members

N/A

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	Hours/Week	Role	Reportable Comp	Other Comp	Total
DUMINDA SURAWEERA	President	N/A	Officer	$0	$0	$0
MICHAEL PERERA	Treasurer	N/A	Officer	$0	$0	$0
DAPHNE TORRIJOS	Secretary	N/A	Officer	$0	$0	$0
METHINDA V JAYAWARDENA	CFO	N/A	Officer	$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	No data	No data	No data	No data
2023	$456,299	$730,289	$70,950	$-273,990
2022	$600,029	$835,043	$344,766	$-235,014
2021	$428,314	$363,105	$579,780	$65,209
2020	$345,274	$108,641	$514,628	$236,633
2019	$175,937	$12,225	$277,995	$163,712
2018	$-6,750	$65,182	$103,625	$-71,932

Sri Lanka Medical Association of North America Inc (Western Region)