THE WAYNE STATE UNIVERSITY SCHOOL OF MEDICINE ALUMNI ASSOCIATION (EIN 386067578) - 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

1946

Legal Domicile

Principal Officer

Piero Simone MD

Phone

3135779022

Tax Period

2024-01-01 to 2024-12-31

THE WAYNE STATE UNIVERSITY SCHOOL OF MEDICINE ALUMNI ASSOCIATION, founded in 1946, is a micro nonprofit that reported $22K in total revenue in fiscal year 2024. Revenue fell 51% from the prior year — a significant decline worth monitoring. Expenses of $39K exceeded revenue, resulting in a 78% operating deficit.

Mission

Organize reunion and clinic days for the University's medical alumni.

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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 $61,207

Program Service Revenue $0

Investment Income $0

Other Revenue $-39,514

TOTAL REVENUE $21,693

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $0

Other Expenses $38,691

TOTAL EXPENSES $38,691

Year-over-Year Comparison

	2024	2023	Change
Revenue	$21,693	$44,448	-0.5%
Expenses	$38,691	$35,362	+0.1%
Net Income	$-16,998	$9,086	-2.9%

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

N/A

Employees

N/A

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
Piero Simone MD	President	4	Officer	$0	$0	$0
Rhonda Marvar MD	1st Vice President	4	Officer	$0	$0	$0
Kathleen Fouche Brazzle MD	2nd Vice President	4	Officer	$0	$0	$0
Peter Dews MD	Secretary	4	Officer	$0	$0	$0
Patrice Harold MD	Treasurer	4	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
2024	$21,693	$38,691	$74,849	$-16,998
2023	$44,448	$35,362	$91,847	$9,086
2022	$52,709	$41,315	$82,761	$11,394
2021	$29,526	$21,360	$71,367	$8,166
2020	$50,028	$36,466	$63,201	$13,562

THE WAYNE STATE UNIVERSITY SCHOOL OF MEDICINE ALUMNI ASSOCIATION