GRAYSLAKE, IL
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)LAKE COUNTY MEDICAL SOCIETY, founded in 1985, is a micro nonprofit that reported $43K in total revenue in fiscal year 2017. Revenue decreased 19% compared to the prior year. Expenses of $92K exceeded revenue, resulting in a 117% operating deficit.
THE PURPOSE OF THE SOCIETY IS TO ASSOCIATE AND AFFILIATE INTO ONE ORGANIZATION ALL PHYSICIANS RESIDING OR PRACTICING IN THE COUNTY IN ORDER TO DEVELOP A FRANK AND FULL INTERCHANGE OF VIEWS AS WILL SECURE UNITY AND ACTIVITY TO EXTEND MEDICAL KNOWLEDGE; IMPROVE ETHICAL STANDARDS
THE SOCIETY CONDUCTS EDUCATIONAL PROGRAMS FOR MEMBERS AND THEIR EMPLOYEES. APPROXIMATELY 200 PEOPLE ATTENDED SUCH PROGRAMS DURING THE FISCAL YEAR.
THE SOCIETY SPONSORS A MEDICAL PLAN FOR MEMBERS, WHICH IS UNDERWRITTEN BY BLUE CROSS BLUE SHIELD OF ILLINOIS. THE SOCIETY DOES NOT ADMINISTER CLAIMS, BUT SERVES AS A CONDUIT FOR BILLING PURPOSES...
THE SOCIETY SPONSORS A MEDICAL PLAN FOR MEMBERS, WHICH IS UNDERWRITTEN BY BLUE CROSS BLUE SHIELD OF ILLINOIS. THE SOCIETY DOES NOT ADMINISTER CLAIMS, BUT SERVES AS A CONDUIT FOR BILLING PURPOSES, ENROLLMENT AND DIS- ENROLLMENT.
THE SOCIETY PUBLISHES PERIODIC NEWSLETTER WITH TIPS ABOUT PRACTICE MANANGEMENT AND REGULATORY AND LEGISLATIVE ISSUES THAT IMPACT THE MEDICAL PROFESSION. THE NEWSLETTER REACHES APPROXIMATELY 500...
THE SOCIETY PUBLISHES PERIODIC NEWSLETTER WITH TIPS ABOUT PRACTICE MANANGEMENT AND REGULATORY AND LEGISLATIVE ISSUES THAT IMPACT THE MEDICAL PROFESSION. THE NEWSLETTER REACHES APPROXIMATELY 500 PHYSICIANS. THE SOCIETY ALSO MAINTAINS A WEBSITE AND PRESENCE ON FACEBOOK TO COMMUNICATE HEALTH ISSUES WITHIN THE COMMUNITY.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2017 | 2016 | Change | |
|---|---|---|---|
| Revenue | $42,635 | $52,326 | -0.2% |
| Expenses | $92,480 | $112,248 | -0.2% |
| Net Income | $-49,845 | $-59,922 | -0.2% |
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
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| JAMES MILAM MD | SECRETARY/TR | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| REBECCA BERGMAN MD | TRUSTEE | 1.00 |
Director
|
$0 | $0 | $0 |
| GERALD A FRANK MD | DELEGATE | 1.00 |
Director
|
$0 | $0 | $0 |
| RASHMIKANTS S PATEL MD | DELEGATE | 1.00 |
Director
|
$0 | $0 | $0 |
| ERIK G NELSON MD | DELEGATE | 1.00 |
Director
|
$0 | $0 | $0 |
| HIMANDI D DALIA MD | ALTERNATE DE | 1.00 |
Director
|
$0 | $0 | $0 |
| CHARLES E FRANK MD | ALTERNATE DE | 1.00 |
Director
|
$0 | $0 | $0 |
| MARK NOLAN HILL MD | ALTERNATE DE | N/A |
Director
|
$0 | $0 | $0 |
| JANE R STEIN | EXECUTIVE DI | 40.00 |
Officer
|
$50,000 | $0 | $50,000 |
| PIYUSH I VYAS MD | PRESIDENT | 1.00 |
Officer
|
$0 | $0 | $0 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2018 | $42,635 | $92,480 | $127,703 | $-49,845 |
Compare LAKE COUNTY MEDICAL SOCIETY with other nonprofits in Illinois and across the country.