CLINICAL INITIATIVES INC (EIN 464173762) - Form 990 Financial Analysis & Trantor Score

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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

2014

Legal Domicile

Principal Officer

MARY TAYLOR

Phone

3303256369

Tax Period

2022-07-01 to 2023-06-30

CLINICAL INITIATIVES INC, founded in 2014, is a community nonprofit in the Education sector that reported $1.2M in total revenue in fiscal year 2022. Revenue fell 70% from the prior year — a significant decline worth monitoring.

Mission

CLINICAL INITIATIVES INC HAS BEEN CREATED TO SUPPORT NORTHEAST OHIO MEDICAL UNIVERSITY, A PUBLIC UNIVERSITY AND AN INSTRUMENTALITY OF THE STATE OF OHIO, BY PROVIDING NONPROFIT HEALTH AND PHARMACEUTICAL SERVICES.

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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 (2022)

Revenue Breakdown

Contributions & Grants $35,950

Program Service Revenue $1,192,738

Investment Income $0

Other Revenue $0

TOTAL REVENUE $1,228,688

Expense Breakdown

Grants Paid $0

Salaries & Benefits $899,879

Fundraising Expenses $0

Program Expenses $1,160,979

Other Expenses $432,377

TOTAL EXPENSES $1,332,256

Year-over-Year Comparison

	2022	2021	Change
Revenue	$1,228,688	$4,059,373	-0.7%
Expenses	$1,332,256	$1,052,004	+0.3%
Net Income	$-103,568	$3,007,369	-1.0%

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

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

$1,858,495

Total Directors

$2,306,232

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
RICHARD KASMER	VICE PRESIDENT	1.00	Officer Director	$0	$48,664	$358,863
JOHN LANGELL	PRESIDENT	1.00	Officer Director	$0	$39,610	$958,589
MARIA SCHIMER	SECRETARY	1.00	Officer Director	$0	$41,898	$283,759
MARY TAYLOR	TREASURER	1.00	Officer Director	$0	$34,084	$257,284
EUGENE MOWAD	DIRECTOR	1.00	Director	$0	$61,907	$447,737

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
2025	No data	No data	No data	No data
2024	No data	No data	No data	No data
2023	$1,228,688	$1,332,256	$1,031,362	$-103,568
2022	$4,059,373	$1,052,004	$995,673	$3,007,369
2021	$2,238,334	$1,783,938	$1,502,622	$454,396
2020	$335,048	$255,230	$1,358,759	$79,818
2019	$487,213	$201,642	$1,395,468	$285,571
2018	$167,409	$158,048	$817,948	$9,361

CLINICAL INITIATIVES INC