MassWest Services Inc (EIN 222515964) - 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

1984

Legal Domicile

Principal Officer

Spiridon E Hatiras

Phone

4135342567

Tax Period

2022-10-01 to 2023-09-30

MassWest Services Inc, founded in 1984, is a micro nonprofit in the Health Care sector that reported $17 in total revenue in fiscal year 2022. Revenue surged 467% from the prior year, signaling strong growth momentum. Expenses of $34K exceeded revenue, resulting in a 197371% operating deficit.

Mission

To provide support to related medical service organizations.

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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 (2022)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $0

Investment Income $17

Other Revenue $0

TOTAL REVENUE $17

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $25,628

Other Expenses $33,570

TOTAL EXPENSES $33,570

Year-over-Year Comparison

	2022	2021	Change
Revenue	$17	$3	+4.7%
Expenses	$33,570	$29,061	+0.2%
Net Income	$-33,553	$-29,058	+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

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

$1,344,097

Total Directors

$2,669,554

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Garry Bombardier MD	Director	0.50	Director	$0	$14,602	$244,878
Carl Cameron	Director	0.50	Director	$0	$47,179	$517,548
Marcel Moniz	Director	0.50	Director	$0	$15,831	$196,545
Kartik Viswanathan MD	Director	0.50	Director	$0	$27,991	$366,486
Spiridon E Hatiras	President & CEO, Clerk	0.50	Officer Director	$0	$73,368	$980,821
Dean Vitarisi	Treasurer & CFO	0.50	Officer Director	$0	$25,084	$363,276

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
2023	$17	$33,570	$218,083	$-33,553
2022	$3	$29,061	$211,095	$-29,058
2021	No data	$24,278	$103,903	No data
2020	$1	$23,385	$111,844	$-23,384
2019	$2	$24,825	$117,541	$-24,823
2018	$2	$27,604	$118,802	$-27,602

MassWest Services Inc