WAYNE COUNTY MEDICAL SOCIETY (EIN 381405279) - 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

1849

Legal Domicile

Principal Officer

PATRICIA A KOLOWICH MD

Phone

3138741360

Tax Period

2023-01-01 to 2023-12-31

WAYNE COUNTY MEDICAL SOCIETY, founded in 1849, is a small nonprofit that reported $266K in total revenue in fiscal year 2023. Revenue grew 10% year-over-year, indicating healthy expansion. The organization ran a surplus of $48K, a strong 18% operating margin.

Mission

THE WAYNE COUNTY MEDICAL SOCIETY OF SOUTHEAST MICHIGAN (WCMSSM), TOGETHER WITH THE MICHIGAN STATE MEDICAL SOCIETY AND THE AMERICAN MEDICAL ASSOCIATION, SHALL PROMOTE, ENCOURAGE AND MAINTAIN THE HIGHEST STANDARDS OF PROFESSIONAL QUALITY AND ETHICS. THE WCMSSM SHALL FOSTER PROGRAMS TO IMPROVE THE PUBLIC HEALTH. THE WCMSSM SHALL PROVIDE ITS MEMBERS WITH SERVICES, PRODUCTS AND PROGRAMS TO ENHANCE THEIR PROFESSIONAL LIVES. THE WCMSSM SHALL SUPPORT AND ENCOURAGE THE INDIVIDUAL PHYSICIAN'S RIGHT TO CHOOSE HIS/HER PRACTICE MODEL.

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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 $221,679

Investment Income $32,965

Other Revenue $11,664

TOTAL REVENUE $266,308

Expense Breakdown

Grants Paid $5,250

Salaries & Benefits $106,681

Fundraising Expenses $0

Program Expenses $127,418

Other Expenses $106,020

TOTAL EXPENSES $217,951

Year-over-Year Comparison

	2023	2022	Change
Revenue	$266,308	$242,600	+0.1%
Expenses	$217,951	$288,208	-0.2%
Net Income	$48,357	$-45,608	-2.1%

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
KAITLIN NATOLE MD	Director	1.00	Director	$0	$0	$0
FEDERICO MARIONA MD	Director	1.00	Director	$0	$0	$0
GEOFFREY PRYSAK MD	Director	1.00	Director	$0	$0	$0
NEELIMA THATI MD	Secretary	1.00	Officer Director	$0	$0	$0
E CHRIS BUSH	Director	1.00	Director	$0	$0	$0
PATRICIA A KOLOWICH MD	President	1.00	Officer Director	$0	$0	$0
GUARAV SHARMA MD	Director	1.00	Director	$0	$0	$0
THERESA TOLEDO MD	Director	1.00	Director	$0	$0	$0
ALIREZA MEYSAMI MD	Director	1.00	Director	$0	$0	$0
GEORGE H SHADE JR MD	Director	1.00	Director	$0	$0	$0
TALAT DANISH MD	Treasurer	1.00	Officer Director	$0	$0	$0
LATONYA RIDDLE-JONES MD	President Elect	1.00	Officer Director	$0	$0	$0
CHANDAN MEHTA MD	Director	1.00	Director	$0	$0	$0
SUSAN ADELMAN MD	Director	1.00	Director	$0	$0	$0
ALIYA COURTNEY HINES MD	IMMED PAST PRES	1.00	Director	$0	$0	$0
BROOKE BUCKLEY MD	Director	1.00	Director	$0	$0	$0
KAITLYN DOBESH MD	Director	1.00	Director	$0	$0	$0
NICOLAS K FLETCHER MD	Director	1.00	Director	$0	$0	$0
NADEEN KHOURY MD	Director	1.00	Director	$0	$0	$0
VIVIAN ONYEWUCHE MD	Director	1.00	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	$266,308	$217,951	$1,231,806	$48,357
2022	$242,600	$288,208	$1,075,115	$-45,608
2021	$473,117	$251,768	$1,311,922	$221,349
2020	$328,995	$353,464	$1,061,124	$-24,469

WAYNE COUNTY MEDICAL SOCIETY