MICHIGAN SOCIETY OF HEMATOLOGY & O… - Form 990 Financial Data

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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

1985

Legal Domicile

Principal Officer

PHILIP KURIAKOSE MD FACP

Phone

2483855464

Tax Period

2024-01-01 to 2024-12-31

MICHIGAN SOCIETY OF HEMATOLOGY & ONCOLOGY, founded in 1985, is a community nonprofit that reported $1.4M in total revenue in fiscal year 2024. Revenue grew 11% year-over-year, indicating healthy expansion. The organization ran a surplus of $552K, a strong 41% operating margin.

Mission

THE ORGANIZATION'S MISSION IS TO PROMOTE EQUITABLE AND HIGH-QUALITY CARE FOR PATIENTS WITH CANCER AND BLOOD DISORDERS THROUGH ADVOCACY, EDUCATION AND RESEARCH.

Program Service Accomplishments

Program 1

MSHO CONDUCTED CONTINUING MEDICAL EDUCATION SEMINARS FOR PHYSICIAN MEMBERS. THESE SEMINARS WERE TO FURTHER ENHANCE THE SKILLSETS OF THE MEMBER PHYSICIANS. 3 SEMINARS WERE HELD WITH A COMBINED 610...

MSHO CONDUCTED CONTINUING MEDICAL EDUCATION SEMINARS FOR PHYSICIAN MEMBERS. THESE SEMINARS WERE TO FURTHER ENHANCE THE SKILLSETS OF THE MEMBER PHYSICIANS. 3 SEMINARS WERE HELD WITH A COMBINED 610 MEMBERS IN ATTENDANCE. ANNUAL REVIEW IN HEMATOLOGY AND ONCOLOGY AND AN UPDATE OCCURRED.

Program 2

MSHO CONDUCTED CONTINUING EDUCATION SEMINARS FOR MEMBER NURSES AND ADVANCED PRACTICE PROVIDERS. THESE SEMINARS WERE TO FURTHER ENHANCE THEIR SKILLSETS AND PROVIDE REVIEW FOR OCN CERTIFICATION. 336...

MSHO CONDUCTED CONTINUING EDUCATION SEMINARS FOR MEMBER NURSES AND ADVANCED PRACTICE PROVIDERS. THESE SEMINARS WERE TO FURTHER ENHANCE THEIR SKILLSETS AND PROVIDE REVIEW FOR OCN CERTIFICATION. 336 WERE IN ATTENDANCE.

Program 3

MSHO CONDUCTED SEMINARS FOR ADMINISTRATORS AND REIMBURSEMENT SPECIALISTS TO FURTHER ENHANCE THE SKILLSETS OF THE MEMBER BILLERS AND CODERS THROUGH CONTINUING EDUCATION. 797 WERE IN ATTENDANCE

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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 $1,135,956

Program Service Revenue $0

Investment Income $223,430

Other Revenue $0

TOTAL REVENUE $1,359,386

Expense Breakdown

Grants Paid $0

Salaries & Benefits $346,638

Fundraising Expenses $0

Other Expenses $461,130

TOTAL EXPENSES $807,768

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,359,386	$1,220,188	+0.1%
Expenses	$807,768	$751,026	+0.1%
Net Income	$551,618	$469,162	+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

Volunteers

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
ANAS AL-JANADI MD	BOARD MEMBER	N/A	Director	$0	$0	$0
TIMOTHY COX MD	BOARD MEMBER	N/A	Director	$0	$0	$0
THOMAS GRIBBIN MD	BOARD MEMBER	N/A	Director	$0	$0	$0
JOANN HIRTH MD	BOARD MEMBER	N/A	Director	$0	$0	$0
ANDREW MUSKOVITZ MD	BOARD MEMBER	N/A	Director	$0	$0	$0
CAROL RAPSON MD	BOARD MEMBER	N/A	Director	$0	$0	$0
OSCAR SIGNORI MD FACP	BOARD MEMBER	N/A	Director	$0	$0	$0
MICHAEL STENDER MD	TREASURER	N/A	Officer	$0	$0	$0
JEROME SEID MD FACP	BOARD MEMBER	N/A	Director	$0	$0	$0
MOHAMMED OGAILY MD	BOARD MEMBER	N/A	Director	$0	$0	$0
ZACHARY HECTOR-WORD MD	BOARD MEMBER	N/A	Director	$0	$0	$0
PHILIP KURIAKOSE MD FACP	PRESIDENT	N/A	Director	$0	$0	$0
ULKA VAISHAMPAYAN MD	BOARD MEMBER	N/A	Director	$0	$0	$0
DANIEL ISAAC DO	PRESIDENT EL	N/A	Director	$0	$0	$0
MARY KAY MAKAREWICZ	E. DIRECTOR/	N/A	Officer	$0	$0	$0
YELENA KIER DO	BOARD MEMBER	N/A	Director	$0	$0	$0
SHRUTI JOLLY MD	BOARD MEMBER	N/A	Director	$0	$0	$0
MOHAMMAD OMAIRA MD	BOARD MEMBER	N/A	Director	$0	$0	$0
PHILIP PHILIP MD	BOARD MEMBER	N/A	Director	$0	$0	$0
AMMAR SUKARI MD	BOARD MEMBER	N/A	Director	$0	$0	$0
MACKENZIE MAYO MD	FELLOW	N/A	Director	$0	$0	$0
HIRVA MAMDANI MD	BOARD MEMBER	N/A	Director	$0	$0	$0
MARKIE ZIMMER MD	FELLOW	N/A	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	$1,359,386	$807,768	$5,186,929	$551,618
2023	$1,220,188	$751,026	$4,375,630	$469,162
2022	$1,134,631	$744,602	$3,608,293	$390,029
2021	$1,023,674	$663,094	$3,631,868	$360,580
2020	$969,738	$600,979	$3,194,464	$368,759
2019	$887,030	$643,969	$2,570,423	$243,061
2018	$658,950	$602,349	$2,247,792	$56,601

MICHIGAN SOCIETY OF HEMATOLOGY & ONCOLOGY