DETROIT MEDICAL STAFF FUND

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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

2012

Legal Domicile

Principal Officer

JOHN R HAAPANIEMI

Phone

3139663590

Tax Period

2024-01-01 to 2024-12-31

DETROIT MEDICAL STAFF FUND, founded in 2012, is a small nonprofit that reported $271K in total revenue in fiscal year 2024. Revenue fell 26% from the prior year — a significant decline worth monitoring. Expenses of $554K exceeded revenue, resulting in a 104% operating deficit.

Mission

THE PRIMARY PURPOSE OF THE DETROIT MEDICAL STAFF FUND IS TO SUPPORT THE MEDICAL STAFF IN CARRYING OUT ITS DUTIES SO THAT STAFF ACCREDITATION IS MAINTAINED. SUPPORT IS TO BE PROVIDED IN THE AREAS OF QUALITY PATIENT CARE, RESEARCH, EDUCATION AND MEDICAL STAFF ACTIVITIES.

Program Service Accomplishments

Program 1

PROMOTING QUALITY PATIENT CARE, INCLUDING THE CREDENTIALING OF PHYSICANS, QUALITY IMPROVEMENT PROGRAMS OF THE MEDICAL STAFF, REVIEW OF PROBLEM PHYSICIANS AND OVERSIGHT OF THE FAIR HEARING PROCESS AND...

Program 2

DEVELOPMENT AND OVERSIGHT OF EDUCATION OF MEDICAL STAFF.

Program 3

MEDICAL STAFF FUNCTIONS SUCH AS EDUCATIONAL MEETINGS AT EACH OF THE DMC HOSPITALS, QUALITY AND PATIENT SAFETY PROGRAMS AND PROMOTIONAL ACTIVITIES OF THE MEDICAL STAFF.

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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 $2,115

Program Service Revenue $240,550

Investment Income $28,438

Other Revenue $0

TOTAL REVENUE $271,103

Expense Breakdown

Grants Paid $0

Salaries & Benefits $419,375

Fundraising Expenses $0

Other Expenses $135,027

TOTAL EXPENSES $554,402

Year-over-Year Comparison

	2024	2023	Change
Revenue	$271,103	$367,113	-0.3%
Expenses	$554,402	$435,163	+0.3%
Net Income	$-283,299	$-68,050	+3.2%

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

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

$111,875

Total Directors

$419,375

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JOHN R HAAPANIEMI	PRESIDENT	12.00	Officer Director	$90,000	$0	$90,000
JEFFREY CLARK	DIRECTOR	6.00	Director	$56,250	$0	$56,250
ROY ELROD	DIRECTOR	6.00	Director	$56,250	$0	$56,250
KIMBERLY HART	DIRECTOR	6.00	Director	$56,250	$0	$56,250
TONYA J TOUCHSTONE	DIRECTOR	6.00	Director	$56,250	$0	$56,250
VIJAY KUDESIA	DIRECTOR	6.00	Director	$33,750	$0	$33,750
IRFAN OMAR	DIRECTOR	6.00	Director	$30,000	$0	$30,000
LOURDES ANDAYA	SECRETARY-TR	8.00	Officer Director	$21,875	$0	$21,875
ALI BITAR	DIRECTOR	6.00	Director	$18,750	$0	$18,750

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	$271,103	$554,402	$793,046	$-283,299
2023	$367,113	$435,163	$1,076,345	$-68,050
2022	$383,162	$506,601	$1,144,395	$-123,439
2021	$724,110	$572,215	$1,267,834	$151,895
2020	$251,630	$506,738	$1,115,939	$-255,108
2019	$650,267	$555,013	$1,371,047	$95,254
2018	$246,698	$503,139	$1,275,793	$-256,441
2018	$246,698	$503,139	$1,275,793	$-256,441