Kent County Medical Society (EIN 380713590) - 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

1993

Legal Domicile

Principal Officer

Patricia Dalton

Phone

6164584157

Tax Period

2024-01-01 to 2024-12-31

Kent County Medical Society, founded in 1993, is a small nonprofit that reported $167K in total revenue in fiscal year 2024. Revenue fell 25% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $45K, a strong 27% operating margin.

Mission

Professional association uniting the physicians in Kent County into a mutual, neutral organization preserving and promoting the health of the citizens of Kent County, MI

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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 $103,961

Program Service Revenue $20,500

Investment Income $42,089

Other Revenue $727

TOTAL REVENUE $167,277

Expense Breakdown

Grants Paid $0

Salaries & Benefits $63,139

Fundraising Expenses $0

Program Expenses $75,001

Other Expenses $58,910

TOTAL EXPENSES $122,049

Year-over-Year Comparison

	2024	2023	Change
Revenue	$167,277	$221,730	-0.2%
Expenses	$122,049	$154,529	-0.2%
Net Income	$45,228	$67,201	-0.3%

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

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
Adam Rush	President - Past	1.00	Director	$0	$0	$0
Jayne Courts	Director	1.00	Director	$0	$0	$0
Eric Larson	Director	1.00	Director	$0	$0	$0
Megan Edison	Director	1.00	Director	$0	$0	$0
Antonia Henry	Secretary Treasurer	1.00	Officer Director	$0	$0	$0
Edward Fody	Treasurer	1.00	Officer Director	$0	$0	$0
Warren Lamphear	President	1.00	Officer Director	$0	$0	$0
Patricia Dalton	Executive Director	20.00	Officer	$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	$167,277	$122,049	$569,656	$45,228
2023	$221,730	$154,529	$543,195	$67,201
2022	$126,831	$148,549	$441,305	$-21,718
2021	$197,261	$132,529	$478,746	$64,732
2020	$205,493	$148,668	$399,520	$56,825
2019	$208,826	$195,633	$365,653	$13,193
2018	$177,533	$188,215	$355,554	$-10,682

Kent County Medical Society