LUMINIS HEALTH IMAGING INC (EIN 521467734) - 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

1986

Legal Domicile

Principal Officer

MITCHELL SCHWARTZ

Phone

4434811308

Tax Period

2023-07-01 to 2024-06-30

LUMINIS HEALTH IMAGING INC, founded in 1986, is a mid-sized nonprofit in the Health Care sector that reported $33.6M in total revenue in fiscal year 2023. Expenses of $30.8M left a modest 8% surplus.

Mission

TO ENHANCE THE HEALTH OF THE PEOPLE AND COMMUNITIES WE SERVE.OUTPATIENT HEALTH CENTERS PROVIDING DIAGNOSTIC AND MAGNETIC IMAGING SERVICES FOR PATIENTS.

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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 $0

Program Service Revenue $33,574,920

Investment Income $0

Other Revenue $8,996

TOTAL REVENUE $33,583,916

Expense Breakdown

Grants Paid $0

Salaries & Benefits $10,187,247

Fundraising Expenses $0

Program Expenses $29,511,437

Other Expenses $20,603,597

TOTAL EXPENSES $30,790,844

Year-over-Year Comparison

	2023	2022	Change
Revenue	$33,583,916	$31,279,594	+0.1%
Expenses	$30,790,844	$26,116,085	+0.2%
Net Income	$2,793,072	$5,163,509	-0.5%

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

141

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

$2,109,772

Total Directors

$4,561,933

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BENJAMIN PETRE MD	BOARD MEMBER	1.00	Director	$0	$40,071	$1,513,452
MITCHELL SCHWARTZ MD	CHAIR	1.00	Officer Director	$0	$42,912	$953,990
KEVIN L SMITH	LH CFO/SECRETARY/TREASURER(PART YEAR)	1.00	Officer Director	$0	$68,409	$620,515
SAMIP PATEL MD	BOARD MEMBER	1.00	Director	$0	$10,292	$500,436
ANDREW MCGLONE	BOARD MEMBER	1.00	Director	$0	$14,883	$438,273
KAREN SCOTT	EXECUTIVE DIRECTOR	40.00	Officer Director	$284,973	$20,414	$305,387
DAVID TODD MD	VICE CHAIR	1.00	Officer Director	$0	$0	$0
TIMOTHY ECKEL MD	BOARD MEMBER	1.00	Director	$0	$0	$0
JOHN PARK MD	BOARD MEMBER	1.00	Director	$0	$0	$0
BENJAMIN STALLINGS MD	BOARD MEMBER	1.00	Director	$0	$0	$0
STEPHANIE SCHNITTGER	LH CFO/SECRETARY/TREASURER	1.00	Officer Director	$0	$0	$0
DOUGLAS WOMER	LH CFO/SECRETARY/TREASURER(PART YEAR)	1.00	Officer Director	$0	$5,950	$229,880
KRISTIN LUCA	LEAD TECHNOLOGIST	40.00	Highest	$146,281	$23,496	$169,777
THOMAS MCLAUGHLIN	AADI IT COORDINATOR	40.00	Highest	$116,156	$28,417	$144,573
DAWN LAGASSE	MANAGER - AADI BOWIE	40.00	Highest	$114,353	$15,397	$129,750
KIM STANISZEWSKI	MANAGER - AADI SAJAK	40.00	Highest	$115,077	$15,435	$130,512
LISSAN LIBEN	NUCLEAR MEDICINE/PET CT TECH	40.00	Highest	$134,316	$27,636	$161,952
VICTORIA W BAYLESS	LH CEO/ FORMER OFFICER/DIRECTOR	1.00		$0	$379,779	$2,467,859
ROBERT REILLY	FORMER SECRETARY/TREASURER	1.00		$0	$891	$120,401

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	$33,583,916	$30,790,844	$126,241,674	$2,793,072
2023	$31,279,594	$26,116,085	$123,450,515	$5,163,509
2022	$30,869,841	$24,430,905	$113,563,441	$6,438,936
2021	$31,767,215	$24,308,277	$107,355,337	$7,458,938
2020	$28,835,501	$22,727,640	$98,752,185	$6,107,861
2019	$31,499,979	$23,203,602	$92,400,001	$8,296,377
2018	$29,791,037	$22,494,347	$83,954,512	$7,296,690

LUMINIS HEALTH IMAGING INC