WEST MICHIGAN RADIATION ONCOLOGY (EIN 300501592) - 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

2008

Legal Domicile

Principal Officer

KRISTI BELMORE

Phone

6162524844

Tax Period

2024-07-01 to 2025-06-30

WEST MICHIGAN RADIATION ONCOLOGY, founded in 2008, is a community nonprofit in the Health Care sector that reported $4.3M in total revenue in fiscal year 2024. Revenue surged 41% from the prior year, signaling strong growth momentum. Expenses of $3.8M left a modest 12% surplus.

Mission

OFFER QUALITY RADIATION ONCOLOGY SERVICES USING THE MOST ADVANCED TECHNOLOGY CLOSE TO WHERE PATIENT RESIDES.

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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 $4,295,346

Investment Income $44,817

Other Revenue $0

TOTAL REVENUE $4,340,163

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $3,421,164

Other Expenses $3,801,294

TOTAL EXPENSES $3,801,294

Year-over-Year Comparison

	2024	2023	Change
Revenue	$4,340,163	$3,079,422	+0.4%
Expenses	$3,801,294	$3,799,776	+0.0%
Net Income	$538,869	$-720,354	-1.7%

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

N/A

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

$1,697,157

Total Directors

$1,697,157

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
SHRUTI JOLLY MD	CHAIR	2.00	Officer Director	$0	$69,089	$705,099
CLIFFORD CHO MD	VICE CHAIR	2.00	Officer Director	$0	$61,430	$448,114
KRISTI BELMORE	BOARD MEMBER	2.00	Officer Director	$0	$31,760	$321,235
STACEY BABUT	SECRETARY/TR	2.00	Officer Director	$0	$28,784	$222,709

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
2025	$4,340,163	$3,801,294	$4,632,283	$538,869
2024	$3,079,422	$3,799,776	$4,084,693	$-720,354
2023	$4,076,268	$3,776,103	$4,779,863	$300,165
2022	$4,019,128	$3,644,677	$4,793,341	$374,451
2021	$3,615,241	$3,338,385	$5,283,973	$276,856
2020	$3,993,223	$2,883,724	$5,816,128	$1,109,499

WEST MICHIGAN RADIATION ONCOLOGY