CONCORDIA MEDICAL EQUIPMENT (EIN 204386767) - 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

2006

Legal Domicile

Principal Officer

Keith Frndak

Phone

7243521100

Tax Period

2024-07-01 to 2025-06-30

CONCORDIA MEDICAL EQUIPMENT, founded in 2006, is a community nonprofit in the Health Care sector that reported $3.4M in total revenue in fiscal year 2024. Revenue grew 12% year-over-year, indicating healthy expansion. Expenses of $3.2M left a modest 6% surplus.

Mission

To serve our aging community with a continuum of high-quality caregiving options, provided in a Christian environment, and to serve those with limited funds to the best of our ability.

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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 $134

Program Service Revenue $3,202,925

Investment Income $23,966

Other Revenue $186,318

TOTAL REVENUE $3,413,343

Expense Breakdown

Grants Paid $455,107

Salaries & Benefits $849,313

Fundraising Expenses $0

Program Expenses $2,461,497

Other Expenses $1,897,479

TOTAL EXPENSES $3,201,899

Year-over-Year Comparison

	2024	2023	Change
Revenue	$3,413,343	$3,058,715	+0.1%
Expenses	$3,201,899	$3,100,746	+0.0%
Net Income	$211,444	$-42,031	-6.0%

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

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

$1,327,792

Total Directors

$2,644,385

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Keith Frndak - see Schedule O	Board Chairman/President	5	Officer Director	$0	$37,218	$905,273
Martin Trettel - see Schedule O	Board Member	1	Director	$0	$28,512	$392,169
Tammy Young - see Schedule O	Board Member/Secretary/Treasurer	1	Officer Director	$0	$15,421	$274,253
William S Zeckzer - see Schedule O	Board Member	1	Director	$0	$26,241	$157,342
Brad Milliron	CEO	45	Officer	$132,415	$15,851	$148,266
Laura McGraw - see Schedule O	Board Member as of Jan 2025	1	Director	$0	$16,604	$135,756
Kristin Laboda - see Schedule O	Board Member	1	Director	$0	$8,679	$132,908
Becky Bloom - see Schedule O	Board Member	1	Director	$0	$14,267	$132,727
Kimberly Kepple - see Schedule O	Board Member until Dec 2024	1	Director	$0	$12,322	$123,213
Anne Denny - see Schedule O	Board Member	1	Director	$0	$18,976	$114,022
Eric Peat - see Schedule O	Board Member	1	Director	$0	$4,289	$109,933
Kristen Michel - see Schedule O	Board Member	1	Director	$0	$6,193	$96,930
Beth Bollman - see Schedule O	Board Member	1	Director	$0	$10,380	$69,859

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	$3,413,343	$3,201,899	$1,817,809	$211,444
2024	No data	No data	No data	No data
2023	$2,977,459	$3,374,492	$1,404,164	$-397,033
2022	$2,791,592	$2,473,025	$1,831,641	$318,567
2021	$3,277,666	$2,840,720	$1,839,675	$436,946
2020	$2,697,930	$2,466,035	$1,131,741	$231,895

CONCORDIA MEDICAL EQUIPMENT