REDWOOD MEDNET INC (EIN 203306750) - 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

2005

Legal Domicile

Principal Officer

CARL HENNING MD

Phone

7074626369

Tax Period

2021-01-01 to 2021-12-31

REDWOOD MEDNET INC, founded in 2005, is a micro nonprofit in the Health Care sector that reported $37K in total revenue in fiscal year 2021. Revenue fell 86% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $15K, a strong 40% operating margin.

Mission

REDWOOD MEDNET IS A NON-PROFIT CORPORATION SET UP TO INVESTIGATE AND SUPPORT OPTIMAL WORK-FLOW SOLUTIONS FOR THE SECURE AND APPROPRIATE SHARING OF ELECTRONIC HEALTH FILES AND CLINICAL DATA, AND TO DEVELOP, IMPROVE AND ASSIST IN THE IMPLEMENTATION OF HEALTH INFORMATION TECHNOLOGY FOR HEALTH CARE PROVIDERS, THEIR BUSINESS ASSOCIATES, AND HEALTH CARE CONSUMERS.

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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 (2021)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $37,000

Investment Income $0

Other Revenue $0

TOTAL REVENUE $37,000

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $21,928

Other Expenses $22,154

TOTAL EXPENSES $22,154

Year-over-Year Comparison

	2021	2020	Change
Revenue	$37,000	$270,111	-0.9%
Expenses	$22,154	$293,294	-0.9%
Net Income	$14,846	$-23,183	-1.6%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CARL HENNING MD	PRESIDENT	1.00	Officer Director	$0	$0	$0
MARK APFEL MD	SECRETARY	1.00	Officer Director	$0	$0	$0
JEDIDIAH SMITH	TREASURER	1.00	Officer Director	$0	$0	$0
TOM REIDENBACH	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
RAYMOND HINO	DIRECTOR	1.00	Director	$0	$0	$0
ROBERT RUSHTON MD	DIRECTOR	1.00	Director	$0	$0	$0
MARTIN LOVE	DIRECTOR	1.00	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
2021	$37,000	$22,154	$15,507	$14,846
2020	$270,111	$293,294	$16,299	$-23,183
2019	$513,796	$494,898	$23,070	$18,898
2018	$443,924	$465,277	$31,797	$-21,353

REDWOOD MEDNET INC