The OMS Life Foundation

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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

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

Program Service Accomplishments

Program 1

Expenses: $62,843

Conference expenses

Program 2

Expenses: $3,000

NORD (National Organization for Rare Disorders) OMS Patient Registry. Expenses to cover registry of patients

Program 3

Research grant for Biobank Registry to Boston Childrens Hospital

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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 (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

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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

Total Directors

Key Employees

Highest Compensated

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