LORAIN COUNTY MEDICAL SCHOLARSHIP … - Form 990 Financial Data

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

1950

Legal Domicile

Principal Officer

DVORA NELSON

Phone

4407859926

Tax Period

2023-01-01 to 2023-12-31

LORAIN COUNTY MEDICAL SCHOLARSHIP FOUNDATION, founded in 1950, is a micro nonprofit that reported $96K in total revenue in fiscal year 2023. The organization ran a surplus of $69K, a strong 72% operating margin.

Mission

THE LORAIN COUNTY MEDICAL SCHOLARSHIP FOUNDATION AWARDS SCHOLARSHIPS TO STUDENTS IN ANY MEDICAL RELATED FIELD WITHOUT DISCRIMINATION TOWARD RACE, RELIGION, AGE OR SEX.

Program Service Accomplishments

Program 1

AWARD SCHOLARSHIPS

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $0

Investment Income $95,547

Other Revenue $0

TOTAL REVENUE $95,547

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $26,758

TOTAL EXPENSES $26,758

Year-over-Year Comparison

	2023	2022	Change
Revenue	$95,547	N/A	N/A
Expenses	$26,758	$143,277	-0.8%
Net Income	$68,789	$-143,277	-1.5%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

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
KAY CARBONE	PRES	002.00	Officer Director	$0	$0	$0
CHRIS WARREN	MEMBER	002.00	Director	$0	$0	$0
MARIO SERTICH	MEMBER	002.00	Director	$0	$0	$0
MARK GUAY	MEMBER	002.00	Director	$0	$0	$0
DR CHUANG	MEMBER	002.00	Director	$0	$0	$0
GALE HAZEN	MEMBER	002.00	Director	$0	$0	$0
MAHER KODSY	MEMBER	002.00	Director	$0	$0	$0
SAADA SEIDU	MEMBER	002.00	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	$95,547	$26,758	$882,650	$68,789
2022	No data	$143,277	$813,861	No data
2021	$115,594	$89,880	$957,138	$25,714
2020	$111,281	$56,293	$931,424	$54,988
2019	$139,072	$53,836	$876,436	$85,236

LORAIN COUNTY MEDICAL SCHOLARSHIP FOUNDATION