LORAIN COUNTY FREE CLINIC INC (EIN 341506180) - 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

1986

Legal Domicile

Principal Officer

PAUL BAUMGARTNER EXECUTIVE DIRECTOR

Phone

4402777602

Tax Period

2023-01-01 to 2023-12-31

LORAIN COUNTY FREE CLINIC INC, founded in 1986, is a small nonprofit in the Health Care sector that reported $973K in total revenue in fiscal year 2023.

Mission

THE LORAIN COUNTY FREE CLINIC PROVIDES AND FACILITATES ACCESS TO QUALITY HEALTH CARE TO THE UNINSURED BY PROVIDING LOW COST MEDICAL, PHARMACEUTICAL, AUDIOLOGY, VISION

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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 $962,307

Program Service Revenue $0

Investment Income $10,827

Other Revenue $0

TOTAL REVENUE $973,134

Expense Breakdown

Grants Paid $0

Salaries & Benefits $343,068

Fundraising Expenses $47,736

Program Expenses $922,059

Other Expenses $698,386

TOTAL EXPENSES $1,041,454

Year-over-Year Comparison

	2023	2022	Change
Revenue	$973,134	$962,209	+0.0%
Expenses	$1,041,454	$998,789	+0.0%
Net Income	$-68,320	$-36,580	+0.9%

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

Volunteers

325

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

$106,520

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DARIN WISWELL	PRESIDENT	4.00	Officer Director	$0	$0	$0
ROBERT F KATRICAK	TREASURER	4.00	Officer Director	$0	$0	$0
SHARON JOHNSON	VICE PRESIDENT	4.00	Officer Director	$0	$0	$0
DONALD SHELDON MD	TRUSTEE	4.00	Director	$0	$0	$0
REV JIMMY MASDEN	TRUSTEE	4.00	Director	$0	$0	$0
REGINA SCHNEIDER	TRUSTEE	4.00	Director	$0	$0	$0
TYSON RINGLE	TRUSTEE	4.00	Director	$0	$0	$0
SUE NOWLIN	SECRETARY	4.00	Officer Director	$0	$0	$0
DONALD HALLIDAY	TRUSTEE	4.00	Director	$0	$0	$0
PAUL BAUMGARTNER	EXECUTIVE DIRECTOR	40.00	Officer	$106,520	$0	$106,520

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	$973,134	$1,041,454	$1,412,864	$-68,320
2022	$962,209	$998,789	$1,368,693	$-36,580
2021	$1,846,790	$1,104,434	$1,543,863	$742,356
2020	$1,314,292	$1,298,890	$854,041	$15,402
2019	$1,233,721	$1,215,156	$762,452	$18,565
2018	$997,725	$993,957	$714,776	$3,768

LORAIN COUNTY FREE CLINIC INC