AMERICAN MEDICAL RESOURCES FOUNDATION

EIN: 222939305 501(c)(3)

FALL RIVER, MA

Total Revenue
$32,570
Total Expenses
$65,183
Total Assets
N/A
Net Assets
N/A
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1988
Legal Domicile
MA
Principal Officer
THOMAS MAGLIOCCHETTI
Phone
5089301804
Tax Period
2022-01-01 to 2022-12-31

AMERICAN MEDICAL RESOURCES FOUNDATION, founded in 1988, is a micro nonprofit that reported $33K in total revenue in fiscal year 2022. Revenue surged 229% from the prior year, signaling strong growth momentum. Expenses of $65K exceeded revenue, resulting in a 100% operating deficit.

Mission

TO IMPROVE THE HEALTHCARE OF NEEDY COMMUNITIES WORLDWIDE BY DONATING MEDICAL EQUIPMENT TO HOSPITALS SERVING THOSE COMMUNITIES; TRAINING PERSONNEL REPONSIBLE FOR THE MAINTENANCE OF MEDICAL EQUIPMENT; AND PROVIDING CONSULTATION ON THE DESIGN OF THOSE HOSPITALS.

Program Service Accomplishments

Program 1
Expenses: $56,117 Revenue: $32,570

DONATION OF MEDICAL EQUIPMENT TO HOSPITALS IN VARIOUS COUNTRIES INCLUDING OCEAN FREIGHT. THESE COUNTRIES INCLUDED NIGERIA, GUATEMALA, PERU, SOMALIA AND DOMINICAN REPUBLIC

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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 (2022)

Revenue Breakdown

Contributions & Grants $32,570
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $32,570

Expense Breakdown

Grants Paid $0
Salaries & Benefits $56,028
Fundraising Expenses $0
Program Expenses $56,117
Other Expenses $9,155
TOTAL EXPENSES $65,183

Year-over-Year Comparison

2022 2021 Change
Revenue $32,570 $9,888 +2.3%
Expenses $65,183 $84,029 -0.2%
Net Income $-32,613 $-74,141 -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

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Governance

Voting Members
9
Independent Members
8
Employees
1
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
$51,155
Total Directors
9
$51,155
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
BARNEY KAY CHAIRMAN EMERITUS 20.00
Officer Director
$0 $0 $0
MAGLIOCCHETTI THOMAS CHAIRMAN 10.00
Officer Director
$0 $0 $0
SOLOGAISTOA VICTOR PRESIDENT & CEO 40.00
Officer Director
$51,155 $0 $51,155
EDENS MYRA DIRECTOR 1.00
Director
$0 $0 $0
CUNNINGHAM STEVE DIRECTOR 1.00
Director
$0 $0 $0
RYBAC MD NATASHA DIRECTOR 1.00
Director
$0 $0 $0
SOLOGAISTOA CAROL DIRECTOR 1.00
Director
$0 $0 $0
WALSH MICHAEL DIRECTOR 1.00
Director
$0 $0 $0
HOUGH MDPHD PATRICIA MEDICAL 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
2022 $32,570 $65,183 No data $-32,613
2021 $9,888 $84,029 $32,613 $-74,141
2020 $93,768 $97,851 $106,754 $-4,083
2019 $144,187 $101,109 $110,837 $43,078
2018 $78,163 $119,257 $127,759 $-41,094
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