LAU HEALTH FOUNDATION INC

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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

2009

Legal Domicile

Principal Officer

DR MICHEL ELIAS MAWAD

Phone

2122034333

Tax Period

2023-01-01 to 2023-12-31

LAU HEALTH FOUNDATION INC, founded in 2009, is a community nonprofit in the Education sector that reported $1.0M in total revenue in fiscal year 2023. Revenue fell 70% from the prior year — a significant decline worth monitoring.

Mission

THE PURPOSE FOR WHICH THE CORPORATION IS FORMED IS TO ACCEPT CONTRIBUTIONS (INCLUDING MONETARY CONTRIBUTIONS AND CONTRIBUTIONS OF MEDICAL EQUIPMENT) TO SUPPORT THE MEDICAL SCHOOL OF LEBANESE AMERICAN UNIVERSITY, A NEW YORK NOT-FOR-PROFIT CORPORATION. SUCH CONTRIBUTIONS ARE TO BE USED SPECIFICALLY TO SUPPORT MEDICAL AND HEALTH EDUCATION PROGRAMS CONDUCTED OR OPERATED BY THE MEDICAL SCHOOL.

Program Service Accomplishments

Program 1

Expenses: $1,090,000 Revenue: $0

SUPPORT FOR MEDICAL & CLINICAL EDUCATION. LAU HEALTH FOUNDATION IS A SUPPORTING ORGANIZATION OF LEBANESE AMERICAN UNIVERSITY. THE PRIMARY PURPOSE OF LAU HEALTH FOUNDATION IS FUNDRAISING IN SUPPORT OF...

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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 (2023)

Revenue Breakdown

Contributions & Grants $1,013,233

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $1,013,233

Expense Breakdown

Grants Paid $1,090,000

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $1,090,000

Other Expenses $15,521

TOTAL EXPENSES $1,105,521

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,013,233	$3,338,786	-0.7%
Expenses	$1,105,521	$2,609,383	-0.6%
Net Income	$-92,288	$729,403	-1.1%

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

$1,554,111

Total Directors

$921,763

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MICHEL MAWAD	PRESIDENT & CHAIRMAN	1.00	Officer Director	$0	$106,959	$921,763
DR HANNA SHAMMAS	FOUNDING MEMBER	1.00	Director	$0	$0	$0
MR PHILIP STOLTZFUS	FOUNDING MEMBER	1.00	Director	$0	$0	$0
MR CHARLES ABOU RJEILY	TREASURER & SECRETARY	1.00	Officer	$0	$240,394	$632,348

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	No data	No data	No data	No data
2023	$1,013,233	$1,105,521	$685,226	$-92,288
2022	$3,338,786	$2,609,383	$776,914	$729,403
2021	$26,084	$9,509	$46,911	$16,575
2020	$9,314	$9,314	$29,136	No data
2020	$9,314	$9,314	$29,136	No data
2019	$85,803	$85,803	$29,136	No data
2018	$878,186	$898,186	$958,538	$-20,000