WELLNESS PLAN MEDICAL CENTERS FOUNDATION (EIN 273971570) - 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

ANTHONY KING

Phone

3132028538

Tax Period

2023-01-01 to 2023-12-31

WELLNESS PLAN MEDICAL CENTERS FOUNDATION, founded in 2010, is a community nonprofit in the Health Care sector that reported $1.7M in total revenue in fiscal year 2023. Expenses of $2.8M exceeded revenue, resulting in a 59% operating deficit.

Mission

TO RAISE MONEY AND DISTRIBUTE IT TO FEDERALLY QUALIFIED HEALTH CENTERS TO PROVIDE HEALTHCARE SERVICES TO THE MEDICALLY UNINSURED AND MEDICALLY UNDERINSURED IN THE GREATER DETROIT, MICHIGAN GEOGRAPHIC AREA.

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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 $0

Program Service Revenue $987,531

Investment Income $0

Other Revenue $749,283

TOTAL REVENUE $1,736,814

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $2,770,187

Other Expenses $2,770,187

TOTAL EXPENSES $2,770,187

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,736,814	$1,728,767	+0.0%
Expenses	$2,770,187	$2,669,951	+0.0%
Net Income	$-1,033,373	$-941,184	+0.1%

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

$598,626

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MALIKAH MUHAMMAD	VICE CHAIRPERSON	1.00	Officer Director	$0	$0	$0
STEPHON JOHNSON	TREASURER	1.00	Officer Director	$0	$0	$0
DANIELL JONES	CHAIRPERSON	1.00	Officer Director	$0	$0	$0
MAHASIN PIERCE	SECRETARY	1.00	Officer Director	$0	$0	$0
MARGARET LOUISE BETTS MD	TRUSTEE	1.00	Director	$0	$0	$0
INGRID THOMPSON	TRUSTEE	1.00	Director	$0	$0	$0
ANITA MONCREASE MD	TRUSTEE	1.00	Director	$0	$0	$0
CASSANDRA WILLIS-ABNER	TRUSTEE	1.00	Director	$0	$0	$0
VAREE TOWNERS-GRANDBERRY	TRUSTEE	1.00	Director	$0	$0	$0
ADRIAN LEWIS	TRUSTEE	1.00	Director	$0	$0	$0
TERRY JACKSON	TRUSTEE	1.00	Director	$0	$0	$0
ANITA JONES	TRUSTEE	1.00	Director	$0	$0	$0
JOANN POLK	TRUSTEE	1.00	Director	$0	$0	$0
LARRY WARREN	TRUSTEE	1.00	Director	$0	$0	$0
ANTHONY KING	CEO & EXECUTIVE DIRECTOR	1.00	Officer	$0	$79,738	$422,411
CHARLES BERRY	CHIEF FINANCIAL OFFICER	1.00	Officer	$0	$18,135	$176,215

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	$1,736,814	$2,770,187	$24,663,932	$-1,033,373
2022	$1,728,767	$2,669,951	$23,151,225	$-941,184
2021	$1,827,669	$2,635,483	$21,645,852	$-807,814
2020	$1,768,510	$2,320,086	$18,181,008	$-551,576
2019	$1,497,357	$2,590,935	$16,447,703	$-1,093,578
2018	$1,486,597	$2,390,961	$14,970,358	$-904,364

WELLNESS PLAN MEDICAL CENTERS FOUNDATION