ACADEMY OF MEDICINE OF TOLEDO AND LUCAS COUNTY (EIN 344429604) - 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

1909

Legal Domicile

Principal Officer

CHRISTOPHER BATES MD

Phone

4194733200

Tax Period

2023-12-01 to 2024-11-30

ACADEMY OF MEDICINE OF TOLEDO AND LUCAS COUNTY, founded in 1909, is a micro nonprofit in the Health Care sector that reported $7K in total revenue in fiscal year 2023. Revenue fell 39% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $3K, a strong 47% operating margin.

Mission

SERVICE TO ALL PHYSICIANS BY PRESERVING UNITY IN THE PROFESSION SUPPORTING PROFESSIONALISM AND THE INDEPENDENCE OF MEDICAL JUDGEMENT, RESPONDING TO THE MEDICAL CONCERNS OF THE COMMUNITY, AND PROVIDING ACCURATE AND CURRENT MEDICAL INFORMATION TO THE PUBLIC, THROUGH PROMOTING THE EXCELLENCE OF MEDICAL CARE IN TOLEDO AND LUCAS COUNTY.

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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 $0

Program Service Revenue $0

Investment Income $6,981

Other Revenue $0

TOTAL REVENUE $6,981

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $3,672

Other Expenses $3,672

TOTAL EXPENSES $3,672

Year-over-Year Comparison

	2023	2022	Change
Revenue	$6,981	$11,443	-0.4%
Expenses	$3,672	$3,350	+0.1%
Net Income	$3,309	$8,093	-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
CHRISTOPHER BATES MD	PRESIDENT	N/A	Officer Director	$0	$0	$0
DONNA WOODSON MD	SECRETARY	N/A	Officer Director	$0	$0	$0
JODEE AHRENS MD	IMMEDIATE PA	N/A	Officer Director	$0	$0	$0
TIM HUSTED MD	VICE PRESIDE	N/A	Officer Director	$0	$0	$0
WILLIAM C STERNFIELD MD	TREASURER	N/A	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	$6,981	$3,672	$196,061	$3,309
2023	$11,443	$3,350	$245,181	$8,093
2022	$7,819	$4,624	$252,942	$3,195
2021	$12,692	$4,663	$283,274	$8,029
2020	$11,857	$5,084	$248,873	$6,773
2019	$7,179	$84,015	$228,664	$-76,836
2018	$162,600	$57,610	$297,007	$104,990

ACADEMY OF MEDICINE OF TOLEDO AND LUCAS COUNTY