MEMORIAL HOSPITAL MEDICAL STAFF ASSOCIATION INC (EIN 464823307) - 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

DR THANH NGUYEN MD

Phone

8138736400

Tax Period

2024-01-01 to 2024-12-31

MEMORIAL HOSPITAL MEDICAL STAFF ASSOCIATION INC, founded in 2014, is a micro nonprofit in the Health Care sector that reported $78K in total revenue in fiscal year 2024. Revenue fell 41% from the prior year — a significant decline worth monitoring. Expenses of $137K exceeded revenue, resulting in a 76% operating deficit.

Mission

TO ENCOURAGE AND FACILITATE EDUCATION AND PROFESSIONALISM FOR THE MEMORIAL HOSPITAL MEDICAL STAFF; PROVIDING EDUCATIONAL OPPORTUNITIES, FORUM OF DISCUSSION REGARDING RECENT MEDICAL DEVELOPMENTS, SUPPORT FOR

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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 $65,810

Program Service Revenue $0

Investment Income $11,910

Other Revenue $0

TOTAL REVENUE $77,720

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $136,892

Other Expenses $136,892

TOTAL EXPENSES $136,892

Year-over-Year Comparison

	2024	2023	Change
Revenue	$77,720	$132,325	-0.4%
Expenses	$136,892	$60,472	+1.3%
Net Income	$-59,172	$71,853	-1.8%

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
ALEJANDRA KALIK MD	PC	5.00	Officer	$0	$0	$0
RICHARD DICICCO MD	CHIEF	5.00	Officer	$0	$0	$0
LINGA REDDY MD	VC	5.00	Officer	$0	$0	$0
THAHN NGUYEN MD	TREASURER	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
2024	$77,720	$136,892	$342,895	$-59,172
2023	$132,325	$60,472	$402,067	$71,853
2022	$75,666	$15,302	$330,213	$60,364
2021	$57,418	$36,295	$269,638	$21,123
2020	$93,149	$48,411	$248,650	$44,738
2019	$87,539	$18,061	$203,915	$69,478
2018	$110,014	$86,986	No data	$23,028

MEMORIAL HOSPITAL MEDICAL STAFF ASSOCIATION INC