LORAIN COUNTY MEDICAL SOCIETY (EIN 340828815) - 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

1905

Legal Domicile

Principal Officer

DVORA NELSON

Tax Period

2023-12-01 to 2024-11-30

LORAIN COUNTY MEDICAL SOCIETY, founded in 1905, is a micro nonprofit that reported $23K in total revenue in fiscal year 2023. Revenue fell 33% from the prior year — a significant decline worth monitoring. Expenses of $39K exceeded revenue, resulting in a 71% operating deficit.

Mission

RECOGNIZING HEALTH CARE NEEDS OF THE COMMUNITY, TAKING A LEADERSHIP ROLE ABOUT HEALTH CARE ISSUES, PROMOTING PATIENT-PHYSICIAN RELATIONSHIPS AND UPHOLDING MEDICAL ETHICS.

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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 $4,788

Program Service Revenue $17,824

Investment Income $0

Other Revenue $0

TOTAL REVENUE $22,612

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $38,705

TOTAL EXPENSES $38,705

Year-over-Year Comparison

	2023	2022	Change
Revenue	$22,612	$33,539	-0.3%
Expenses	$38,705	$29,261	+0.3%
Net Income	$-16,093	$4,278	-4.8%

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
DR DVORA NELSON	PRESIDENT	005.00	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	$22,612	$38,705	$27,431	$-16,093
2024	$21,776	$22,657	$26,550	$-881
2022	$31,605	$30,338	$40,340	$1,267
2021	$74,155	$63,066	$37,978	$11,089
2020	$69,013	$67,182	$27,889	$1,831

LORAIN COUNTY MEDICAL SOCIETY