Westside Regional Medical Staff Inc

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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

2015

Legal Domicile

Principal Officer

Brian K Weinstein MD FA

Phone

5614305708

Tax Period

2024-01-01 to 2024-12-31

Westside Regional Medical Staff Inc, founded in 2015, is a small nonprofit in the Community Improvement sector that reported $145K in total revenue in fiscal year 2024. Expenses of $132K left a modest 9% surplus.

Mission

The Corporation is a Membership Organization for Medical Professionals who are staff at Westside Regional Medical Center, located in Plantation, Broward County, Florida

Program Service Accomplishments

Program 1

Expenses: $29,013

Educational seminars, symposyums, and award ceremonies for contributing doctors.

Program 2

Expenses: $77,600

Publix Supermarkets gift cards and other payments to individuals in need.

Program 3

Expenses: $16,250

Cash donations to other charitable organizations (none over $5,000).

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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 $0

Program Service Revenue $145,365

Investment Income $0

Other Revenue $0

TOTAL REVENUE $145,365

Expense Breakdown

Grants Paid $0

Salaries & Benefits $2,350

Fundraising Expenses $0

Program Expenses $122,863

Other Expenses $129,313

TOTAL EXPENSES $131,663

Year-over-Year Comparison

	2024	2023	Change
Revenue	$145,365	$149,387	0.0%
Expenses	$131,663	$201,516	-0.3%
Net Income	$13,702	$-52,129	-1.3%

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

$2,350

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Joseph Corallo MD	Chief of Staff	1.00	Officer	$1,000	$0	$1,000
Daniel Perez MD	Past Chief of Staff	1.00	Officer	$500	$0	$500
Jeffrey Marks MD	Vice Chief of Staff	1.00	Officer	$450	$0	$450
Brian Weinstein MD	Secretary/Treasurer	1.00	Officer	$400	$0	$400

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	$145,365	$131,663	$224,339	$13,702
2023	$149,387	$201,516	$210,637	$-52,129
2022	$139,312	$110,456	$262,767	$28,856
2021	$131,357	$100,835	$233,910	$30,522
2020	$150,068	$194,710	$203,388	$-44,642
2019	$123,875	$97,556	$248,030	$26,319
2018	$71,472	$145,324	$221,711	$-73,852