The OMS Life Foundation

EIN: 454696128 501(c)(3) Health Care

Cypress, TX

Total Revenue
$67,191
Total Expenses
$71,545
Total Assets
$143,004
Net Assets
$143,004
🔒

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
2012
Legal Domicile
TX
Tax Period
2023-01-01 to 2023-12-31

The OMS Life Foundation, founded in 2012, is a micro nonprofit in the Health Care sector that reported $67K in total revenue in fiscal year 2023. Net assets of $143K represent 26 months of operating reserves.

Mission

For research and awareness of rare deseases

🔒

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 (2023)

Revenue Breakdown

Contributions & Grants $65,989
Program Service Revenue $0
Investment Income $1,202
Other Revenue $0
TOTAL REVENUE $67,191

Expense Breakdown

Grants Paid $65,843
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $65,843
Other Expenses $5,702
TOTAL EXPENSES $71,545

Year-over-Year Comparison

2023 2022 Change
Revenue $67,191 $67,193 0.0%
Expenses $71,545 $71,545 N/A
Net Income $-4,354 $-4,352 +0.0%
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
9
Independent Members
9
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
3
$0
Total Directors
0
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Hank Holly Secretary 2.00
Officer
$0 $0 $0
Bill Bradley Treasurer 2.00
Officer
$0 $0 $0
Mike C Michaelis President 5.00
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
2023 $67,191 $71,545 $143,004 $-4,354
2022 $57,100 $38,597 $147,358 $18,503
2021 $55,046 $7,041 $128,855 $48,005
2020 $51,217 $72,201 $80,850 $-20,984
2019 $81,224 $52,781 $101,834 $28,443
2018 $94,670 $102,598 $73,391 $-7,928
Explore More Nonprofits
→Top 100 Nonprofits in Texas →Largest U.S. Nonprofits →Best Rated Nonprofits →Most Efficient Nonprofits

Compare The OMS Life Foundation with other nonprofits in Texas 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.