Foundation of the Consortium of Mu… - Form 990 Financial Data

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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

Principal Officer

Bill Katchen

Phone

2014871050

Tax Period

2023-01-01 to 2023-12-31

Foundation of the Consortium of Multiple Sclerosis Centers, founded in 1999, is a small nonprofit in the Education sector that reported $389K in total revenue in fiscal year 2023. Revenue surged 77% from the prior year, signaling strong growth momentum. Expenses of $451K exceeded revenue, resulting in a 16% operating deficit.

Mission

The Organizations mission is to stimulate the growth, development and provision of patient care services, education and research in the field of Multiple Sclerosis and to enhance the quality of life of those affected by Multiple Sclerosis.

Program Service Accomplishments

Program 1

Expenses: $309,500 Revenue: $321,700

To develope Workforce of the Future program.

Program 2

Expenses: $33,000

Developement of professional tools and resources.

Program 3

Expenses: $11,048

To develop a Global Patient Registry.

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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 $67,379

Program Service Revenue $321,700

Investment Income $184

Other Revenue $0

TOTAL REVENUE $389,263

Expense Breakdown

Grants Paid $0

Salaries & Benefits $43,716

Fundraising Expenses $0

Program Expenses $370,658

Other Expenses $407,194

TOTAL EXPENSES $450,910

Year-over-Year Comparison

	2023	2022	Change
Revenue	$389,263	$219,553	+0.8%
Expenses	$450,910	$386,610	+0.2%
Net Income	$-61,647	$-167,057	-0.6%

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
Anne Cross	Past President	001.00	Officer Director	$0	$0	$0
Nora Fritz	Senior Member At Large	001.00	Director	$0	$0	$0
Carrie Hersh	Secretary	001.00	Officer Director	$0	$0	$0
Jeffrey Wilken	President	001.00	Officer Director	$0	$0	$0
Robert Naismith	Treasurer	001.00	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	No data	No data	No data	No data
2023	$389,263	$450,910	$134,993	$-61,647
2022	$219,553	$386,610	$183,196	$-167,057
2021	$347,559	$584,361	$475,199	$-236,802
2020	$466,188	$349,962	$602,885	$116,226
2019	$368,099	$571,254	$547,614	$-203,155
2018	$764,989	$615,906	$713,857	$149,083

Foundation of the Consortium of Multiple Sclerosis Centers