KLS Medical Services

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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

Legal Domicile

Principal Officer

Katricia L Smith

Phone

9015915567

Tax Period

2024-01-01 to 2024-12-31

KLS Medical Services is a community nonprofit in the Health Care sector that reported $2.1M in total revenue in fiscal year 2024.

Mission

Providing state of the art healthcare services, without compromising the quality of life for our clients and families to help them achieve their full potential.

Program Service Accomplishments

Program 1

Expenses: $1,946,338 Revenue: $2,069,579

Provider of Hospice Car

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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 $0

Program Service Revenue $2,069,579

Investment Income $0

Other Revenue $0

TOTAL REVENUE $2,069,579

Expense Breakdown

Grants Paid $0

Salaries & Benefits $596,002

Fundraising Expenses $0

Program Expenses $1,946,338

Other Expenses $1,465,836

TOTAL EXPENSES $2,061,838

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,069,579	N/A	N/A
Expenses	$2,061,838	N/A	N/A
Net Income	$7,741	N/A	N/A

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

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
Katricia Smith	President	40	Officer	$0	$0	$0
Issac Slate Jr	Vice-President	20	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	$2,069,579	$2,061,838	No data	$7,741
2023	$1,248,969	$1,275,727	No data	$-26,758
2022	$316,932	$319,528	No data	$-2,596
2021	$179,397	$225,660	No data	$-46,263
2020	$402,246	$517,441	No data	$-115,195
2019	$452,632	$497,105	No data	$-44,473
2018	$452,010	$436,379	No data	$15,631