Optimal Medical Foundation Inc

EIN: 311697776 501(c)(3) Medical Research

Sault Sainte Marie, MI

Total Revenue
$2,747,595
Total Expenses
$2,713,779
Total Assets
$26,505
Net Assets
$-75,019
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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
1999
Legal Domicile
MI
Tax Period
2021-01-01 to 2021-12-31

Optimal Medical Foundation Inc, founded in 1999, is a community nonprofit in the Medical Research sector that reported $2.7M in total revenue in fiscal year 2021. Revenue surged 101% from the prior year, signaling strong growth momentum.

Mission

Promotes and funds reasearch and education programs as well as providesmedical supplies for diseases that attack children and their families

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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%)

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Financial Overview (2021)

Revenue Breakdown

Contributions & Grants $2,620,845
Program Service Revenue $126,750
Investment Income $0
Other Revenue $0
TOTAL REVENUE $2,747,595

Expense Breakdown

Grants Paid $2,620,845
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $2,664,877
Other Expenses $92,934
TOTAL EXPENSES $2,713,779

Year-over-Year Comparison

2021 2020 Change
Revenue $2,747,595 $1,365,819 +1.0%
Expenses $2,713,779 $1,363,300 +1.0%
Net Income $33,816 $2,519 +12.4%
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

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Governance

Voting Members
2
Independent Members
2
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
2
$5,425
Total Directors
0
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Luanna Armstrong Treasurer 5.00
Officer
$5,425 $0 $5,425
Janet Eland-Greenhalgh President 20.00
Officer
$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
2021 $2,747,595 $2,713,779 $26,505 $33,816
2021 $126,750 $92,934 $26,505 $33,816
2020 $1,365,819 $1,363,300 $3,000 $2,519
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