WAYNE COUNTY MEDICAL SOCIETY FOUNDATION (EIN 382768088) - 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

1988

Legal Domicile

Principal Officer

JOSEPH M BEALS MD

Phone

3138741360

Tax Period

2022-01-01 to 2022-12-31

WAYNE COUNTY MEDICAL SOCIETY FOUNDATION, founded in 1988, is a micro nonprofit in the Health Care sector that reported $38K in total revenue in fiscal year 2022. Revenue fell 30% from the prior year — a significant decline worth monitoring. Expenses of $61K exceeded revenue, resulting in a 63% operating deficit.

Mission

THE MISSION OF THE WCMSSM FOUNDATION IS TO EDUCATE THE MEDICAL PROFESSION AND GENERAL PUBLIC IN MATTERS OF HEALTH AND SAFETY. THE FOUNDATION SHALL PROVIDE COMMUNITY SERVICE TO METRO-DETROIT THROUGH OUTREACH PROGRAMS.

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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 (2022)

Revenue Breakdown

Contributions & Grants $26,611

Program Service Revenue $0

Investment Income $3,850

Other Revenue $7,181

TOTAL REVENUE $37,642

Expense Breakdown

Grants Paid $5,000

Salaries & Benefits $6,533

Fundraising Expenses $467

Program Expenses $48,211

Other Expenses $49,721

TOTAL EXPENSES $61,254

Year-over-Year Comparison

	2022	2021	Change
Revenue	$37,642	$53,411	-0.3%
Expenses	$61,254	$102,554	-0.4%
Net Income	$-23,612	$-49,143	-0.5%

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

N/A

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
ADAM JABLONOWSKI MPA	Director	1.00	Director	$0	$0	$0
JOYCE HAYES GILES	ADVISORY BOARD	1.00	Director	$0	$0	$0
E CHRIS BUSH MD	Director	1.00	Director	$0	$0	$0
JIMMY WOMACK MD	Director	1.00	Director	$0	$0	$0
FEDERICO MARIONA MD	Director	1.00	Director	$0	$0	$0
LAURIE JOST	Director	1.00	Director	$0	$0	$0
MICHAEL TURNER	Director	1.00	Director	$0	$0	$0
JANET T BUSH	VICE CHAIR	1.00	Officer Director	$0	$0	$0
EDWARD DEEB	Advisory Board	1.00	Director	$0	$0	$0
H MICHAEL MARSH MBBS	Treasurer	1.00	Officer Director	$0	$0	$0
JOHN E CASTERLINE	Director	1.00	Director	$0	$0	$0
JOSEPH M BEALS MD	Chairman	1.00	Officer Director	$0	$0	$0
CLARA HWANG MD	Director	1.00	Director	$0	$0	$0
ALIREZA MEYSAMI MD	Director	1.00	Director	$0	$0	$0
PRANTAHARTHI CHANDRASEKAR MD	Director	1.00	Director	$0	$0	$0
DANIEL SCHULTE	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
2022	$37,642	$61,254	$269,104	$-23,612

WAYNE COUNTY MEDICAL SOCIETY FOUNDATION