OMEGA MEDICAL GRANTS ASSOCIATION

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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

2010

Legal Domicile

Principal Officer

PAUL T RUBERY MD

Phone

8473187482

Tax Period

2024-01-01 to 2024-12-31

OMEGA MEDICAL GRANTS ASSOCIATION, founded in 2010, is a micro nonprofit that reported $13K in total revenue in fiscal year 2024. Revenue fell 97% from the prior year — a significant decline worth monitoring. Expenses of $172K exceeded revenue, resulting in a 1226% operating deficit.

Mission

OMEGA MEDICAL GRANTS ASSOCIATION AWARDS AND ADMINISTERS GRANTS FOR GRADUATE ORTHOPAEDIC MEDICAL EDUCATION THROUGH AN OPEN, ACCESSIBLE PROCESS DESIGNED TO SAFEGUARD AGAINST POTENTIAL CONFLICTS OF INTEREST AND TO ENSURE TRANSPARENCY IN THE ALLOCATION OF RESOURCES.

Program Service Accomplishments

Program 1

Expenses: $131,093 Revenue: $0

FINANCIAL SUPPORT OF ORTHOPAEDIC FELLOWSHIPS AND CME SCHOLARSHIPS. THE PROGRAM ENDED FOR THE 2023-2024 FELLOWSHIP CYCLE AND DID NOT ACCEPT ANY GRANT SUPPORT IN 2024.

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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 $0

Program Service Revenue $0

Investment Income $12,976

Other Revenue $0

TOTAL REVENUE $12,976

Expense Breakdown

Grants Paid $22,840

Salaries & Benefits $108,253

Fundraising Expenses $0

Program Expenses $131,093

Other Expenses $40,923

TOTAL EXPENSES $172,016

Year-over-Year Comparison

	2024	2023	Change
Revenue	$12,976	$433,133	-1.0%
Expenses	$172,016	$1,804,029	-0.9%
Net Income	$-159,040	$-1,370,896	-0.9%

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

$514,201

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
PAUL T RUBERY MD	PRESIDENT	1.00	Officer Director	$0	$0	$0
KIMBERLY J TEMPLETON MD	TREASURER	1.00	Officer Director	$0	$0	$0
ROBERT J BIELSKI MD	SECRETARY	5.00	Officer Director	$0	$0	$0
JOHN A GLASER MD	TRUSTEE	5.00	Director	$0	$0	$0
S ASHFAQ HASAN MD	TRUSTEE	5.00	Director	$0	$0	$0
JESSE E BIBLE MD	TRUSTEE	1.00	Director	$0	$0	$0
KEVIN P BLACK MD	TRUSTEE	1.00	Director	$0	$0	$0
ROBERT D BRONSTEIN MD	TRUSTEE	1.00	Director	$0	$0	$0
VINCENT D PELLEGRINI JR MD	TRUSTEE	1.00	Director	$0	$0	$0
KRISTIN GLAVIN	EXECUTIVE DIRECTOR	5.00	Officer	$37,235	$75,881	$514,201

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	$12,976	$172,016	$152,219	$-159,040
2023	$433,133	$1,804,029	$968,910	$-1,370,896
2022	$1,817,222	$3,085,194	$3,000,228	$-1,267,972
2021	$4,530,118	$4,626,712	$5,080,670	$-96,594
2020	$10,095,451	$8,223,103	$7,030,259	$1,872,348
2019	$2,417,581	$2,660,210	$2,309,415	$-242,629
2018	$2,805,004	$2,930,632	$2,662,972	$-125,628