Lakeland, FL
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)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.
THE WATSON CLINIC FOUNDATION INC. IS ORGANIZED EXCLUSIVELY FOR CHARITABLE, SCIENTIFIC, AND EDUCATIONAL PURPOSES. (CONTINUED ON SCHEDULE O)
THE FOUNDATION SUPPORTS PHYSICIANS FOR RESEARCH THAT IS IMPERATIVE TO ADVANCE THE POOL OF MEDICAL KNOWLEDGE RELATED TO PREVENTION AND TREATMENT OF DISEASES. THE PURPOSE OF THE PROGRAM IS TO IMPROVE...
THE FOUNDATION SUPPORTS PHYSICIANS FOR RESEARCH THAT IS IMPERATIVE TO ADVANCE THE POOL OF MEDICAL KNOWLEDGE RELATED TO PREVENTION AND TREATMENT OF DISEASES. THE PURPOSE OF THE PROGRAM IS TO IMPROVE PATIENT CARE FROM THE KNOWLEDGE OBTAINED THROUGH THE RESEARCH PROCESS.
THE FOUNDATION PRESENTS VARIOUS AWARDS ANNUALLY TO THOSE INDIVIDUALS DEMONSTRATING EXCELLENCE IN SUCH AREAS AS RESEARCH, CLINICAL STUDIES, AND NURSING. ALSO, THE FOUNDATION GRANTS FUNDING ANNUALLY TO...
THE FOUNDATION PRESENTS VARIOUS AWARDS ANNUALLY TO THOSE INDIVIDUALS DEMONSTRATING EXCELLENCE IN SUCH AREAS AS RESEARCH, CLINICAL STUDIES, AND NURSING. ALSO, THE FOUNDATION GRANTS FUNDING ANNUALLY TO THOSE ORGANIZATIONS COMMITTED TO THE WELLBEING OF THE COMMUNITY BY PROVIDING FREE QUALITY MEDICAL CARE, SUPPORTING EDUCATIONAL OUTREACH PROGRAMS, AND FURTHERING AVAILABLE MEDICAL KNOWLEDGE THROUGH SCIENTIFIC RESEARCH.
THE FOUNDATION OFFERS CONTINUING MEDICAL EDUCATION PROGRAMS TO HEALTH CARE PROVIDERS AND IS ACCREDITED BY THE FLORIDA MEDICAL ASSOCIATION. THE PURPOSE IS TO EXPAND THE KNOWLEDGE BASE OF HEALTH CARE...
THE FOUNDATION OFFERS CONTINUING MEDICAL EDUCATION PROGRAMS TO HEALTH CARE PROVIDERS AND IS ACCREDITED BY THE FLORIDA MEDICAL ASSOCIATION. THE PURPOSE IS TO EXPAND THE KNOWLEDGE BASE OF HEALTH CARE PROFESSIONALS, ENSURING THAT PATIENTS IN THE COMMUNITY RECEIVE THE MOST COMPREHENSIVE MEDICAL TREATMENT. MORE THAN 500 PROVIDERS ATTENDED THE 4 PHYSICIAN EDUCATION PROGRAMS CONDUCTED DURING THE YEAR.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 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% |
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
Sign In| 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 |
| 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 |
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