NORTH OAKLAND - NORTH MACOMB IMAGI… - 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

1991

Legal Domicile

Principal Officer

TRACEY FRANOVICH

Phone

2482998000

Tax Period

2023-10-01 to 2024-09-30

NORTH OAKLAND - NORTH MACOMB IMAGING, founded in 1991, is a community nonprofit in the Health Care sector that reported $3.5M in total revenue in fiscal year 2023. The organization ran a surplus of $707K, a strong 20% operating margin.

Mission

TO IMPROVE THE QUALITY OF DIAGNOSTIC CARE PROVIDED TO THE PATIENTS OF OUR PARTNERS, PHYSICIANS, COMMUNITIES, AND FOUNDING HOSPITALS.

Program Service Accomplishments

Program 1

Expenses: $2,792,979 Revenue: $3,296,544

FOR THE FISCAL YEAR ENDING SEPTEMBER 30, 2024, NORTH OAKLAND NORTH MACOMN IMAGING PROVIDED MAGNETIC RESONANCE IMAGING SERVICES TO DIAGNOSE OVER 5,000 SPINAL CORD DETERIORATION, ABNORMALITIES IN...

FOR THE FISCAL YEAR ENDING SEPTEMBER 30, 2024, NORTH OAKLAND NORTH MACOMN IMAGING PROVIDED MAGNETIC RESONANCE IMAGING SERVICES TO DIAGNOSE OVER 5,000 SPINAL CORD DETERIORATION, ABNORMALITIES IN JOINTS, AND TUMORS OF THE BRAIN.

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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 $3,296,544

Investment Income $215,356

Other Revenue $0

TOTAL REVENUE $3,511,900

Expense Breakdown

Grants Paid $0

Salaries & Benefits $909,640

Fundraising Expenses $0

Program Expenses $2,792,979

Other Expenses $1,895,289

TOTAL EXPENSES $2,804,929

Year-over-Year Comparison

	2023	2022	Change
Revenue	$3,511,900	$3,398,343	+0.0%
Expenses	$2,804,929	$3,083,227	-0.1%
Net Income	$706,971	$315,116	+1.2%

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

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

$2,541,177

Total Directors

$3,342,006

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
GREG LANE	PRESIDENT	1.00	Officer Director	$0	$52,165	$2,541,177
JANELLE SPANN	DIRECTOR	1.00	Director	$0	$0	$0
TRACEY FRANOVICH	CEO MCLAREN OAKLAND HOSP. - PT YR	5.00	Director	$0	$132,618	$800,829
LORENZO SUTER	CEO MCLAREN OAKLAND HOSP. - STARTED 2024	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	$3,511,900	$2,804,929	$5,571,733	$706,971
2023	$3,398,343	$3,083,227	$4,847,629	$315,116
2023	$3,398,343	$3,083,227	$4,847,629	$315,116
2022	$3,282,636	$2,966,215	$4,508,966	$316,421
2021	$3,074,771	$2,928,520	$4,219,573	$146,251
2020	$3,157,590	$3,329,593	$4,045,158	$-172,003
2019	$5,257,254	$4,266,204	$4,291,010	$991,050
2018	$4,453,679	$4,577,357	$3,517,591	$-123,678

NORTH OAKLAND - NORTH MACOMB IMAGING