KATERI MEDICAL SERVICES INC

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

2010

Legal Domicile

Principal Officer

REV THOMAS J FURRER

Phone

8606510201

Tax Period

2024-01-01 to 2024-12-31

KATERI MEDICAL SERVICES INC, founded in 2010, is a small nonprofit in the Health Care sector that reported $209K in total revenue in fiscal year 2024. Revenue decreased 14% compared to the prior year. Expenses of $199K left a modest 5% surplus.

Mission

TO PROVIDE SIMPLE, DECENT MEDICAL CARE FOR POOR, DISTRESSED, AND UNDERPRIVILEGED NIGERIANS OF ALL FAITHS, WHO OTHERWISE HAVE NO ACCESS TO BASIC MEDICAL CARE.

Program Service Accomplishments

Program 1

Expenses: $194,795

THE ORGANIZATION OPERATES MEDICAL CLINICS IN NIGERIA. THE CLINICS ARE LOCATED IN KATERI, IBURU, GIDAN WAYA (KAFANCHAN), GUSAU, PORT HARCOURT, IKARA AND KEBBI. THE POPULATIONS IN THESE AREAS OF...

THE ORGANIZATION OPERATES MEDICAL CLINICS IN NIGERIA. THE CLINICS ARE LOCATED IN KATERI, IBURU, GIDAN WAYA (KAFANCHAN), GUSAU, PORT HARCOURT, IKARA AND KEBBI. THE POPULATIONS IN THESE AREAS OF NIGERIA LIVE IN SMALL VILLAGES AND OFTEN TIMES HAVE TO TRAVEL IN EXCESS OF 50 MILES TO GET TO A HOSPITAL. THE CLINICS ARE STAFFED WITH DOCTORS, NURSE PRACTICTIONERS AND LAB TECHNICIANS. THE CLINICS ARE OPEN 24 HOURS A DAY AND OPERATE A MOBILE VAN WHICH PROVIDES MEDICAL SERVICES TO REMOTE AREAS ON CERTAIN DAYS OF THE WEEK. THESE CLINICS ARE OWNED AND OPERATED BY THE ANGLICAN DIOCESES IN NIGERIA, WITH EXCEPTION OF PORT HARCOURT. KATERI MEDICAL SERVICES, INC. PROVIDES FINANCIAL SUPPORT TO THE DIOCESES TO PAY FOR PAYROLL EXPENSES, MEDICAL SUPPLIES, EQUIPMENT AND CONSTRUCTION COSTS OF THE CLINICS. THE CLINICS SERVED OVER 29,000 PATIENTS IN 2024.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $159,321

Program Service Revenue $0

Investment Income $50,084

Other Revenue $62

TOTAL REVENUE $209,467

Expense Breakdown

Grants Paid $185,182

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $194,795

Other Expenses $13,515

TOTAL EXPENSES $198,697

Year-over-Year Comparison

	2024	2023	Change
Revenue	$209,467	$243,239	-0.1%
Expenses	$198,697	$171,561	+0.2%
Net Income	$10,770	$71,678	-0.8%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✓ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DENISE SAILOR	DIRECTOR PAR	1.00	Director	$0	$0	$0
TUNDY GREEN	DIRECTOR	1.00	Director	$0	$0	$0
PAUL WILLIAMS	DIRECTOR PAR	1.00	Director	$0	$0	$0
TIOLUWA OLOKUNDE OWEN	DIRECTOR	1.00	Director	$0	$0	$0
JOHN FOLSOM	DIRECTOR	1.00	Director	$0	$0	$0
CARRINGTON GERLI	DIRECTOR PAR	1.00	Director	$0	$0	$0
MAURICE LAVALLEE	DIRECTOR PAR	1.00	Director	$0	$0	$0
LARLIE ALVARANGA	DIRECTOR	1.00	Director	$0	$0	$0
REV ROBERT OSBORNE	DIRECTOR	1.00	Director	$0	$0	$0
REV THOMAS J FURRER	PRESIDENT	1.00	Officer Director	$0	$0	$0
JOHN M HART	VICE PRESIDE	1.00	Officer Director	$0	$0	$0
ANTHONY GALICI	TREASURER PA	1.00	Officer Director	$0	$0	$0
ROBERT E CHAGNON	TREASURER PA	1.00	Officer Director	$0	$0	$0
JAMES M LAWSON	SECRETARY	1.00	Officer 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	$209,467	$198,697	$1,346,403	$10,770
2023	$243,239	$171,561	$1,312,959	$71,678
2022	$741,906	$170,898	$1,189,029	$571,008
2021	$323,663	$186,978	$703,264	$136,685
2020	$273,751	$191,748	$554,939	$82,003
2019	$159,006	$190,803	$451,617	$-31,797
2018	$196,513	$190,182	$454,854	$6,331