GALENS MEDICAL SOCIETY

EIN: 382306598 501(c)(3) Health Care

Ann Arbor, MI

Total Revenue
$140,248
Total Expenses
$130,254
Total Assets
$731,916
Net Assets
$731,916
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1914
Legal Domicile
MI
Principal Officer
Kallen Schwark
Phone
7347313988
Tax Period
2024-07-01 to 2025-06-30

GALENS MEDICAL SOCIETY, founded in 1914, is a small nonprofit in the Health Care sector that reported $140K in total revenue in fiscal year 2024. Revenue grew 16% year-over-year, indicating healthy expansion. Expenses of $130K left a modest 7% surplus.

Mission

Galens Medical Society is a service organization of the Medical School of the University of Michigan. Galens serves to promote medical education and scholarship; to provide loans, scholarships, and grants-in-aid for the assistance of worthy and deserving medical students; to engage in charitable activities of a public nature, particularly, but not limited to, charities for the benefit of children of Washtenaw county; to foster and to encourage cooperation and understanding between the faculty and student body; and to further the educational traditions, activities, and ideas of the Medical School of the University of Michigan.

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $82,677
Program Service Revenue $35,014
Investment Income $22,557
Other Revenue $0
TOTAL REVENUE $140,248

Expense Breakdown

Grants Paid $76,783
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $130,254
Other Expenses $53,471
TOTAL EXPENSES $130,254

Year-over-Year Comparison

2024 2023 Change
Revenue $140,248 $120,857 +0.2%
Expenses $130,254 $88,934 +0.5%
Net Income $9,994 $31,923 -0.7%
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

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Liquidity & Cash Position

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Governance

Voting Members
100
Independent Members
100
Employees
N/A
Volunteers
100

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
5
$0
Total Directors
0
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Kallen Schwark President 7
Officer
$0 $0 $0
Cyrus Najarian Vice President 5
Officer
$0 $0 $0
Nikolas Grotewold Sr Treasurer 4
Officer
$0 $0 $0
Charlie Walsh Jr Treasurer 3
Officer
$0 $0 $0
Rahim Karimi Secretary 2
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
2025 $140,248 $130,254 $731,916 $9,994
2024 $120,857 $88,934 $721,922 $31,923
2023 $118,391 $137,403 $689,999 $-19,012
2022 $150,833 $117,815 $709,011 $33,018
2021 $113,813 $93,960 $675,993 $19,853
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