WESTERN INSTITUTE OF LEGAL MEDICINE (EIN 452690040) - Form 990 Financial Analysis & Trantor Score

🔒

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

Financial Trends

Organization Details

Formation Year

2011

Legal Domicile

Principal Officer

MARVIN FIRESTONE MD JD

Phone

6502124904

Tax Period

2023-01-01 to 2023-12-31

WESTERN INSTITUTE OF LEGAL MEDICINE, founded in 2011, is a small nonprofit in the Education sector that reported $162K in total revenue in fiscal year 2023. Revenue surged 40% from the prior year, signaling strong growth momentum. Expenses of $140K left a modest 14% surplus.

Mission

WESTERN INSTITUTE OF LEGAL MEDICINE'S MISSION IS TO BETTER PROTECT THE PUBLIC BY PROVIDING EDUCATIONAL PROGRAMS FOR HEALTH CARE PROFESSIONALS REGARDING LEGAL AND ETHICAL ASPECTS OF MEDICAL PRACTICE.

🔒

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%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $162,345

Investment Income $0

Other Revenue $0

TOTAL REVENUE $162,345

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $132,797

Other Expenses $140,077

TOTAL EXPENSES $140,077

Year-over-Year Comparison

	2023	2022	Change
Revenue	$162,345	$115,877	+0.4%
Expenses	$140,077	$128,731	+0.1%
Net Income	$22,268	$-12,854	-2.7%

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

Governance

Voting Members

Independent Members

N/A

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

$95,000

Total Directors

$95,000

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MARVIN FIRESTONE MD JD	PRESIDENT	5.00	Officer Director	$47,500	$0	$47,500
MICHAEL A FIRESTONE	TREASURER	5.00	Officer Director	$47,500	$0	$47,500
ROBERT TURBOW	VICE PRESIDE	0.00	Officer 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	No data	No data	No data	No data
2023	$162,345	$140,077	$46,718	$22,268
2022	$115,877	$128,731	$24,676	$-12,854
2021	$201,895	$223,317	$37,530	$-21,422
2020	$213,812	$199,921	$58,952	$13,891

WESTERN INSTITUTE OF LEGAL MEDICINE