LAKE COUNTY MEDICAL SOCIETY INC (EIN 350458327) - 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

1935

Legal Domicile

Principal Officer

JIAME RUIZ-MONTERO MD

Phone

2193223150

Tax Period

2024-01-01 to 2024-12-31

LAKE COUNTY MEDICAL SOCIETY INC, founded in 1935, is a micro nonprofit in the Health Care sector that reported $56K in total revenue in fiscal year 2024. Revenue fell 22% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $30K, a strong 54% operating margin.

Mission

TO PROMOTE THE INTERESTS OF THE MEDICAL PROFESSION IN NORTHWEST INDIANA

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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 $45,725

Program Service Revenue $0

Investment Income $10,432

Other Revenue $0

TOTAL REVENUE $56,157

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $0

Other Expenses $25,996

TOTAL EXPENSES $25,996

Year-over-Year Comparison

	2024	2023	Change
Revenue	$56,157	$71,765	-0.2%
Expenses	$25,996	$35,727	-0.3%
Net Income	$30,161	$36,038	-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

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

$9,200

Total Directors

$9,200

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JAIME RUIZ-MONTERO	BOARD MEMBER	1.00	Director	$8,400	$0	$8,400
DENNIS HAN MD	BOARD MEMBER	1.00	Officer	$200	$0	$200
KRISHNAKANT RAIKER MD	BOARD MEMBER	1.00	Director	$0	$0	$0
STEVE SIMPSON MD	BOARD MEMBER	1.00	Officer	$200	$0	$200
PAULA BENCHIK-ABRINKO MD	BOARD MEMBER	1.00	Director	$200	$0	$200
SANJEEV RASTOGI MD	BOARD MEMBER	1.00	Director	$0	$0	$0
KRISTINE TEODORI	BOARD MEMBER	1.00	Director	$0	$0	$0
AISHA SHAREEF	BOARD MEMBER	1.00	Director	$200	$0	$200
RUPESH SHAH MD	VICE PRESIDENT	1.00	Officer	$8,400	$0	$8,400
RAMESH P KANURU MD	PRESIDENT	1.00	Officer	$0	$0	$0
N NABIL SHABEEB MD	CHAIRPERSON	1.00	Officer	$400	$0	$400
JANET SEABROOK MD	BOARD MEMBER	1.00	Director	$0	$0	$0
VIJAY DAVE MD	BOARD MEMBER	1.00	Director	$400	$0	$400

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	$56,157	$25,996	$591,833	$30,161
2023	$71,765	$35,727	$519,499	$36,038
2022	$83,150	$149,134	$619,288	$-65,984

LAKE COUNTY MEDICAL SOCIETY INC