MEDICAL LEGACY FUND

EIN: 251672047 501(c)(3)

MECHANICSBURG, PA

Total Revenue
$25,118
Total Expenses
$8,809
Total Assets
$391,891
Net Assets
$330,658
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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
1991
Legal Domicile
PA
Principal Officer
HEATHER A WILSON
Phone
7175587810
Tax Period
2024-01-01 to 2024-12-31

MEDICAL LEGACY FUND, founded in 1991, is a micro nonprofit that reported $25K in total revenue in fiscal year 2024. Revenue surged 172% from the prior year, signaling strong growth momentum. The organization ran a surplus of $16K, a strong 65% operating margin.

Mission

THE MEDICAL LEGACY FUND IS ORGANIZED FOR THE EXCLUSIVE BENEFIT OF THE FOUNDATION OF THE PA MEDICAL SOCIETY.

Program Service Accomplishments

Program 1
Expenses: $0

ORGANIZED FOR THE EXCLUSIVE BENEFIT OF THE FOUNDATION OF THE PENNSYLVANIA MEDICAL SOCIETY TO SERVE AS A VEHICLE FOR ACCEPTING CONTRIBUTIONS THAT ARE DEFERRED IN NATURE.

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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 (2024)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $0
Investment Income $25,118
Other Revenue $0
TOTAL REVENUE $25,118

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Other Expenses $8,809
TOTAL EXPENSES $8,809

Year-over-Year Comparison

2024 2023 Change
Revenue $25,118 $9,248 +1.7%
Expenses $8,809 $3,370 +1.6%
Net Income $16,309 $5,878 +1.8%
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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Governance

Voting Members
14
Independent Members
12
Employees
N/A
Volunteers
12

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
2
$401,342
Total Directors
15
$783,677
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
VIRGINIA E HALL MD FACOG FACP DIRECTOR 0.50
Director
$0 $0 $0
PAUL F DENDE DO FACP DIRECTOR 0.50
Director
$0 $0 $0
WILLIAM J WEST JR MD DIRECTOR 0.50
Director
$0 $0 $0
DONNA BAVER ROVITO DIRECTOR 0.50
Director
$0 $0 $0
KENNETH M CERTA MD DIRECTOR 0.50
Director
$0 $0 $0
WILLIAM R DEWAR III MD FACP DIRECTOR 0.50
Director
$0 $0 $0
DANIEL B KIMBALL JR MD MACP DIRECTOR 0.50
Director
$0 $0 $0
MARTIN P RANIOWSKI MA CAE FCPP DIRECTOR 0.50
Director
$0 $68,036 $382,335
LYNDA THOMAS-MABINE MD FACOG DIRECTOR 0.50
Director
$0 $0 $0
HEATHER A WILSON MSWCFRECAEFCPP PRESIDENT 1.00
Officer Director
$0 $58,529 $281,594
TIFFANY BOOHER MALPCCAADCCIPCCSM SECRETARY 1.00
Officer Director
$0 $37,259 $119,748
LAWRENCE R JOHN MD DIRECTOR 0.50
Director
$0 $0 $0
STACIE KERBEL STUDENT TRUSTEE 0.50
Director
$0 $0 $0
SARAH AL-OBAYDI MD MPH DIRECTOR 0.50
Director
$0 $0 $0
ARA KHOYLYAN MEDICAL STUDENT TRUSTEE ELECT 0.50
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 $25,118 $8,809 $391,891 $16,309
2023 $9,248 $3,370 $364,235 $5,878
2022 $8,843 $118,171 $330,842 $-109,328
2021 $51,354 $4,878 $546,927 $46,476
2020 $22,340 $4,102 $521,772 $18,238
2019 $35,576 $42,469 $490,815 $-6,893
2018 $30,024 $3,210 $473,792 $26,814
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