MULTI-SPECIALTY FOUNDATION FOR EXCELLENCE IN FACIAL AESTHETIC SURG (EIN 562350868) - 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

2003

Legal Domicile

Principal Officer

S RANDOLPH WALDMAN MD

Phone

8592545665

Tax Period

2024-04-01 to 2025-03-31

MULTI-SPECIALTY FOUNDATION FOR EXCELLENCE IN FACIAL AESTHETIC SURG, founded in 2003, is a small nonprofit in the Education sector that reported $393K in total revenue in fiscal year 2024. Revenue fell 45% from the prior year — a significant decline worth monitoring. Net assets of $8.7M represent 265 months of operating reserves.

Mission

PROVIDE CONTINUING EDUCATION TO PHYSICIANS

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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 $244,936

Investment Income $147,617

Other Revenue $0

TOTAL REVENUE $392,553

Expense Breakdown

Grants Paid $50,000

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $325,704

Other Expenses $340,785

TOTAL EXPENSES $390,785

Year-over-Year Comparison

	2024	2023	Change
Revenue	$392,553	$715,914	-0.5%
Expenses	$390,785	$605,587	-0.4%
Net Income	$1,768	$110,327	-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

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
DONN CHATHAM MD	BOARD MEMBER	N/A	Director	$0	$0	$0
S RANDOLPH WALDMAN MD	PRESIDENT	N/A	Officer Director	$0	$0	$0
MARIANNE WALDMAN RN	VICE-PRESIDE	N/A	Officer Director	$0	$0	$0
KIM ROSENSTEIN	BOARD MEMBER	N/A	Director	$0	$0	$0
ANDREA WALDMAN	SECRETARY/TR	N/A	Officer Director	$0	$0	$0
LINDSEY WALDMAN	BOARD MEMBER	N/A	Director	$0	$0	$0
GINA BARKER RN	BOARD MEMBER	N/A		$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
2025	$392,553	$390,785	$8,701,256	$1,768
2024	$715,914	$605,587	$8,670,869	$110,327
2023	$709,376	$579,499	$8,558,162	$129,877
2022	$227,386	$115,277	$8,427,619	$112,109
2021	$55,795	$91,680	$8,315,510	$-35,885
2020	$169,901	$76,406	$8,351,586	$93,495
2019	$590,822	$135,363	$8,257,909	$455,459

MULTI-SPECIALTY FOUNDATION FOR EXCELLENCE IN FACIAL AESTHETIC SURG