ISLAND HOSPITAL MEDICAL PROPERTIES

EIN: 452509265

ANACORTES, WA

Total Revenue
$318,145
Total Expenses
$624,278
Total Assets
N/A
Net Assets
N/A
🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Sign In — Free (10 views/day)

Financial Trends

Organization Details

Formation Year
2011
Legal Domicile
WA
Principal Officer
ARMEN CHIP BOGOSIAN
Phone
3602994265
Tax Period
2018-01-01 to 2018-08-02

ISLAND HOSPITAL MEDICAL PROPERTIES, founded in 2011, is a small nonprofit that reported $318K in total revenue in fiscal year 2018. Revenue fell 42% from the prior year — a significant decline worth monitoring. Expenses of $624K exceeded revenue, resulting in a 96% operating deficit.

Mission

LEASE OF MEDICAL OFFICE TO FURTHER THE CHARITABLE PURPOSE AND MISSIONS OF ITS MEMBER.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Sign In — Free (10 views/day)

Financial Overview (2018)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $317,919
Investment Income $226
Other Revenue $0
TOTAL REVENUE $318,145

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Other Expenses $624,278
TOTAL EXPENSES $624,278

Year-over-Year Comparison

2018 2017 Change
Revenue $318,145 $545,481 -0.4%
Expenses $624,278 $898,339 -0.3%
Net Income $-306,133 $-352,858 -0.1%
Key Indicators
✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required
🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Sign In

Governance

Voting Members
3
Independent Members
2
Employees
N/A
Volunteers
3

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
1
$324,020
Total Directors
3
$333,125
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
VINCENT OLIVER DIRECTOR 40.00
Officer Director
$0 $43,575 $324,020
JOHN WALGAMOTT DIRECTOR 1.00
Director
$0 $0 $0
ARMEN CHIP BOGOSIAN MD DIRECTOR 2.00
Director
$0 $6,355 $9,105
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
2018 $318,145 $624,278 No data $-306,133
Explore More Nonprofits
→Top 100 Nonprofits in Washington →Largest U.S. Nonprofits →Best Rated Nonprofits →Most Efficient Nonprofits

Compare ISLAND HOSPITAL MEDICAL PROPERTIES with other nonprofits in Washington and across the country.

We Value Your Privacy
We use cookies and similar technologies to analyze site traffic and improve your experience. By clicking "Accept All", you consent to our use of cookies for analytics and measurement.