Foundation of the Consortium of Multiple Sclerosis Centers

EIN: 311698640 501(c)(3) Education

Hackensack, NJ

Total Revenue
$389,263
Total Expenses
$450,910
Total Assets
$134,993
Net Assets
$119,916
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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
NJ
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 Organization was established for the promotion of educational and research scholarships for the multidisciplinary health professionals field of Multiple Sclerosis.

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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 (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

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Governance

Voting Members
5
Independent Members
5
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
4
$0
Total Directors
5
$0
Key Employees
0
$0
Highest Compensated
0
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
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