MEDARVA IMAGING (EIN 542040968) - Form 990 Financial Analysis & Trantor Score

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Tuckman-Chang Vulnerability Assessment

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

2001

Legal Domicile

Principal Officer

Taylan Bozkurt

Phone

8045459434

Tax Period

2022-01-01 to 2022-12-31

MEDARVA IMAGING, founded in 2001, is a micro nonprofit in the Health Care sector that reported $50K in total revenue in fiscal year 2020. Expenses of $985K exceeded revenue, resulting in a 1886% operating deficit.

Mission

THE ORGANIZATION WAS CREATED TO SUPPORT THE EXEMPT PURPOSE OF RICHMOND EYE AND EAR HEALTHCARE ALLIANCE TO RESORE AND ENRICH LIVES THROUGH HEALTH TECHNOLOGY, EDUCATION, AND BY OPERATING A DIAGNOSTIC IMAGING CENTER SERVING PATIENTS IN GREATER RICHMOND AND THE SURROUNDING AREAS.

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Trantor Score

Financial Health & Payment Capacity Assessment (FICO Scale: 300–850)

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2022)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $1,604,223

Investment Income $0

Other Revenue $0

TOTAL REVENUE $1,604,223

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $1,641,830

Other Expenses $1,768,041

TOTAL EXPENSES $1,768,041

Year-over-Year Comparison

	2022	2021	Change
Revenue	$1,604,223	$335,598	+3.8%
Expenses	$1,768,041	$1,486,978	+0.2%
Net Income	$-163,818	$-1,151,380	-0.9%

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

N/A

Independent Members

N/A

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

$748,066

Total Directors

Key Employees

$506,630

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BRUCE KUPPER	CEO	1	Officer Key Emp Highest	$0	$12,349	$330,154
JOHN HEADLEY	CFO	1	Officer	$0	$21,308	$241,436
TAYLAN BOZKURT	CEO	1	Officer Key Emp Highest	$0	$12,650	$176,476
ANDREW MICHAEL MD	DIRECTOR	0	Director	$0	$0	$0
CHERRY PETERS	DIRECTOR	0	Director	$0	$0	$0
PETER PASTORE	DIRECTOR	0	Director	$0	$0	$0
CHERYL JARVIS	DIRECTOR	0	Director	$0	$0	$0
JOANNE WILEY	DIRECTOR	0	Director	$0	$0	$0
CHRIS PETRAS MD	DIRECTOR	0	Director	$0	$0	$0
MICHAEL ARMSTRONG JR MD	DIRECTOR	0	Director	$0	$0	$0
WALTER SPENCE	DIRECTOR	0	Director	$0	$0	$0
RAYMOND L SPENCE	DIRECTOR	0	Director	$0	$0	$0
FRANK FRANZAK	DIRECTOR	0	Director	$0	$0	$0
ROBERT CROUSE	DIRECTOR	0	Director	$0	$0	$0
PAUL MILLER	DIRECTOR	0	Director	$0	$0	$0
JEFF SMITH	DIRECTOR	0	Director	$0	$0	$0
BARRY E ROPER MD	DIRECTOR	0	Director	$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
2022	$1,604,223	$1,768,041	$4,383,830	$-163,818
2021	$335,598	$1,486,978	$4,623,314	$-1,151,380
2020	$49,582	$984,602	$4,806,887	$-935,020

MEDARVA IMAGING