KATERI MEDICAL SERVICES INC (EIN 271601433) - Form 990 Financial Analysis & Trantor Score

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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

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.

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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 $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

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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

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

KATERI MEDICAL SERVICES INC