Watson Clinic Foundation Inc (EIN 591100876) - 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

1960

Legal Domicile

Phone

8638026220

Tax Period

2023-01-01 to 2023-12-31

Watson Clinic Foundation Inc, founded in 1960, is a micro nonprofit that reported $60K in total revenue in fiscal year 2023. Revenue fell 50% from the prior year — a significant decline worth monitoring. Expenses of $159K exceeded revenue, resulting in a 164% operating deficit.

Mission

THE WATSON CLINIC FOUNDATION INC. PROMOTES THE WELLNESS OF MANKIND THROUGH EDUCATION, RESEARCH, AND COMMUNITY SERVICE.

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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 $60,424

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $60,424

Expense Breakdown

Grants Paid $66,247

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $151,854

Other Expenses $93,170

TOTAL EXPENSES $159,417

Year-over-Year Comparison

	2023	2022	Change
Revenue	$60,424	$121,911	-0.5%
Expenses	$159,417	$89,314	+0.8%
Net Income	$-98,993	$32,597	-4.0%

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

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
GALINA VUGMAN MD	PRESIDENT	2.0	Officer Director	$0	$0	$0
STANLEY L PIOTROWSKI	SECRETARY AND TREASURER	1.0	Officer Director	$0	$0	$0
STEVEN G ACHINGER MD	BOARD CHAIRMAN	1.0	Officer Director	$0	$0	$0
M SHANE GLOR	BOARD MEMBER	1.0	Director	$0	$0	$0
PRANAY C PATEL MD	BOARD MEMBER	1.0	Director	$0	$0	$0
RANDY V HEYSEK MD	BOARD MEMBER	1.0	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
2023	$60,424	$159,417	$347,816	$-98,993
2022	$121,911	$89,314	$452,930	$32,597
2021	$292,084	$191,472	$402,359	$100,612
2020	$78,878	$387,305	$298,204	$-308,427
2019	$183,533	$485,827	$590,618	$-302,294
2018	$65,245	$179,854	$905,642	$-114,609

Watson Clinic Foundation Inc