MILFORD HEALTH & MEDICAL INC

EIN: 222627346 501(c)(3)

MILFORD, CT

Total Revenue
$102,548
Total Expenses
$102,548
Total Assets
N/A
Net Assets
N/A
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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
1987
Legal Domicile
CT
Principal Officer
LAURA SMITH
Phone
2036154956
Tax Period
2023-10-01 to 2024-05-24

MILFORD HEALTH & MEDICAL INC, founded in 1987, is a small nonprofit that reported $103K in total revenue in fiscal year 2023.

Mission

TO EFFECTIVELY AND EFFICIENTLY PROVIDE HIGH QUALITY HEALTHCARE SERVICES.

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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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $0
Investment Income $120
Other Revenue $102,428
TOTAL REVENUE $102,548

Expense Breakdown

Grants Paid $0
Salaries & Benefits $15,011
Fundraising Expenses $0
Other Expenses $87,537
TOTAL EXPENSES $102,548

Year-over-Year Comparison

2023 2022 Change
Revenue $102,548 N/A N/A
Expenses $102,548 $42,399 +1.4%
Net Income $0 $-42,399 -1.0%
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

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Governance

Voting Members
3
Independent Members
3
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
3
$15,011
Total Directors
3
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
SAMUEL S BERGAMI JR CHAIR 0.50
Officer Director
$0 $0 $0
NANCY BENNETT DIRECTOR 0.50
Director
$0 $0 $0
STEPHEN COWHERD DIRECTOR 0.50
Director
$0 $0 $0
MARK TONEY PRESIDENT/CEO/CRO 0.50
Officer
$0 $0 $0
LAURA SMITH CFO/VP FINANCE 0.50
Officer
$15,011 $0 $15,011
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 $102,548 $102,548 No data No data
2023 No data $42,399 $2,656,688 No data
2022 $37 $82,458 $2,699,087 $-82,421
2021 $1,396 $91,129 $2,781,507 $-89,733
2020 $3 $831,046 $2,871,241 $-831,043
2019 $2,073,376 $468,834 $10,930,162 $1,604,542
2018 $1,549,216 $2,555,410 $12,342,055 $-1,006,194
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