WOOD COUNTY MEDICAL BUILDING

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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

1975

Legal Domicile

Principal Officer

STANLEY KORDUCKI

Phone

4193548860

Tax Period

2024-01-01 to 2024-12-31

WOOD COUNTY MEDICAL BUILDING, founded in 1975, is a community nonprofit that reported $1.1M in total revenue in fiscal year 2024.

Mission

TO PROVIDE MEDICAL OFFICES TO APPROXIMATELY 65 PHYSICIANS WHO PROVIDE A WIDE VARIETY OF MEDICAL SERVICES TO THE GENERAL PUBLIC.

Program Service Accomplishments

Program 1

Expenses: $1,178,621 Revenue: $1,133,447

RENT CHARGED TO PHYSICIAN TENANTS IS BASED UPON PREVAILING RATES IN THE AREA. TOTAL EXPENSES RELATES TO DIRECT COSTS OF OPERATING THE BUILDING AND KEEPING IT APPROPRIATELY MAINTAINED FOR USE AS...

RENT CHARGED TO PHYSICIAN TENANTS IS BASED UPON PREVAILING RATES IN THE AREA. TOTAL EXPENSES RELATES TO DIRECT COSTS OF OPERATING THE BUILDING AND KEEPING IT APPROPRIATELY MAINTAINED FOR USE AS MEDICAL OFFICES.

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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 $1,131,036

Investment Income $0

Other Revenue $2,411

TOTAL REVENUE $1,133,447

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $1,178,621

Other Expenses $1,178,721

TOTAL EXPENSES $1,178,721

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,133,447	$1,090,769	+0.0%
Expenses	$1,178,721	$1,147,546	+0.0%
Net Income	$-45,274	$-56,777	-0.2%

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

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

$1,130,970

Total Directors

$1,221,233

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MICHAEL LEMON MD	PRESIDENT	0.30	Officer Director	$0	$26,316	$357,212
CARLOS GOMEZ MD	BOARD MEMBER	0.30	Director	$0	$27,567	$864,021
GEORGE HEBEKA DDS	BOARD MEMBER	0.30	Director	$0	$0	$0
STANLEY KORDUCKI	VICE PRESIDENT	0.30	Officer	$0	$46,436	$503,598
KAROL BORTEL	SECRETARY/TREASURER	0.30	Officer	$0	$24,036	$270,160

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	$1,133,447	$1,178,721	$83,125	$-45,274
2023	$1,090,769	$1,147,546	$192,628	$-56,777
2022	$1,104,352	$1,187,782	$-82,405	$-83,430
2021	$1,052,948	$1,127,129	$1,025	$-74,181
2020	$1,036,502	$1,154,470	$75,611	$-117,968
2019	$1,137,512	$1,143,258	$193,579	$-5,746
2018	$1,110,639	$1,137,840	$199,325	$-27,201