GROMO FOUNDATION FOR MEDICAL ED - … - Form 990 Financial Data

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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

JENS PONIKAU

Phone

5073197956

Tax Period

2024-01-01 to 2024-12-31

GROMO FOUNDATION FOR MEDICAL ED - RESEARCH INC, founded in 2006, is a micro nonprofit in the Medical Research sector that reported $23K in total revenue in fiscal year 2024. Revenue fell 33% from the prior year — a significant decline worth monitoring. Expenses of $34K exceeded revenue, resulting in a 49% operating deficit.

Mission

THE ORGANIZATION EDUCATES THE PUBLIC AND THE PROFESSION ABOUT ADVANCES AND DISEASES, SUCH AS SINUSITIS AND ASTHMA, AND ACTIVELY CONDUCTS RESEARCH IN THIS AREA.

Program Service Accomplishments

Program 1

Expenses: $30,582 Revenue: $3,800

EDUCATION AND RESEARCH RELATED TO INFLAMMARTORY DISEASES OF THE UPPER AND LOWER AIRWAYS AND OTHER MUCOUS MEMBRANES

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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 $3,800

Program Service Revenue $0

Investment Income $0

Other Revenue $19,078

TOTAL REVENUE $22,878

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $30,582

Other Expenses $33,981

TOTAL EXPENSES $33,981

Year-over-Year Comparison

	2024	2023	Change
Revenue	$22,878	$34,401	-0.3%
Expenses	$33,981	$64,848	-0.5%
Net Income	$-11,103	$-30,447	-0.6%

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

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
JENS PONIKAU MD	DIRECTOR	10.00	Director	$0	$0	$0
DAVID SHERRIS MD	DIRECTOR	10.00	Director	$0	$0	$0
EUGENE KERN MD	DIRECTOR	10.00	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
2024	$22,878	$33,981	$523,978	$-11,103
2023	$34,401	$64,848	$537,581	$-30,447
2022	$31,684	$33,072	$577,009	$-1,388
2021	$47,507	$42,521	$598,378	$4,986
2020	$72,206	$90,862	$603,041	$-18,656
2019	$72,206	$90,862	$621,697	$-18,656
2018	$62,316	$71,796	$655,196	$-9,480

GROMO FOUNDATION FOR MEDICAL ED - RESEARCH INC