Medical Solutions Ministry Inc

EIN: 550913625 501(c)(3) Health Care

Belvidere, IL

Total Revenue
$212,597
Total Expenses
$234,785
Total Assets
$5,632,245
Net Assets
$5,632,245
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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
2006
Legal Domicile
IL
Principal Officer
Jacob Caroatta
Phone
8122621722
Tax Period
2024-01-01 to 2024-12-31

Medical Solutions Ministry Inc, founded in 2006, is a small nonprofit in the Health Care sector that reported $209K in total revenue in fiscal year 2020. Expenses of $199K left a modest 5% surplus.

Mission

To support domestic and international missions offering spiritual and physical assistance to the general public.

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $17,120
Program Service Revenue $195,477
Investment Income $0
Other Revenue $0
TOTAL REVENUE $212,597

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $195,477
Other Expenses $234,785
TOTAL EXPENSES $234,785

Year-over-Year Comparison

2024 2023 Change
Revenue $212,597 $3,790,480 -0.9%
Expenses $234,785 $3,292,750 -0.9%
Net Income $-22,188 $497,730 -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

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Governance

Voting Members
4
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
0
$0
Total Directors
4
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Jacob Caraotta President 10.00
Director
$0 $0 $0
Celeste Caraotta Secretary 10.00
Director
$0 $0 $0
Michael J Guevara Treasurer 1.00
Director
$0 $0 $0
Leah Cross Vice President 2.00
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
2024 $212,597 $234,785 $5,632,245 $-22,188
2023 $3,790,480 $3,292,750 $5,654,434 $497,730
2022 $176,488 $130,179 $5,156,703 $46,309
2021 $201,972 $471,916 $5,110,394 $-269,944
2020 $208,630 $198,727 $5,380,338 $9,903
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