MULTIPLE SCLEROSIS FOUNDATION INC

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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

1986

Legal Domicile

Principal Officer

KAREN MINNIS

Phone

9547766805

Tax Period

2023-01-01 to 2023-12-31

MULTIPLE SCLEROSIS FOUNDATION INC, founded in 1986, is a community nonprofit that reported $4.8M in total revenue in fiscal year 2023. Revenue surged 39% from the prior year, signaling strong growth momentum.

Mission

THE MISSION OF THE MULTIPLE SCLEROSIS FOUNDATION ("MS FOCUS") IS TO PROVIDE PROGRAMS AND SUPPORT TO THOSE PERSONS AFFECTED BY MULTIPLE SCLEROSIS THAT HELP THEM MAINTAIN THEIR HEALTH, SAFETY, SELF-SUFFICIENCY, AND PERSONAL WELL BEING; AND TO HEIGHTEN PUBLIC AWARENESS OF MULTIPLE SCLEROSIS IN ORDER TO ELICIT FINANCIAL SUPPORT FOR THE MS FOCUS'S PROGRAMS AND SERVICES AND PROMOTE UNDERSTANDING FOR THOSE DIAGNOSED WITH THE ILLNESS. THE PRIMARY PURPOSE OF THE MS FOCUS IS TO RESPOND TO THE NEEDS OF INDIVIDUALS WITH MULTIPLE SCLEROSIS AND THEIR FAMILIES. WE ARE DEDICATED TO PROVIDING RELEVANT INFORMATION IN A TIMELY MANNER, WHILE SIMULTANEOUSLY OFFERING ASSISTANCE TO INDIVIDUALS IN SOLVING THE CHALLENGES OF DAILY LIFE.

Program Service Accomplishments

Program 1

Expenses: $251,256

HOME CARE GRANT PROGRAMSEE SCHEDULE O

Program 2

Expenses: $234,525

COOLING EQUIPMENT PROGRAMSEE SCHEDULE O

Program 3

Expenses: $448,279

ASSISTIVE TECHNOLOGY PROGRAMSEE SCHEDULE O

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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 $4,777,226

Program Service Revenue $0

Investment Income $58,324

Other Revenue $0

TOTAL REVENUE $4,835,550

Expense Breakdown

Grants Paid $506,011

Salaries & Benefits $3,094,016

Fundraising Expenses $1,430,844

Program Expenses $2,846,781

Other Expenses $1,649,916

TOTAL EXPENSES $5,249,943

Year-over-Year Comparison

	2023	2022	Change
Revenue	$4,835,550	$3,486,678	+0.4%
Expenses	$5,249,943	$5,352,083	0.0%
Net Income	$-414,393	$-1,865,405	-0.8%

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

273

Volunteers

361

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

$239,645

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CHARLES EADER	PRESIDENT - DIRECTOR	3.00	Officer Director	$0	$0	$0
MARK SHALLOWAY	VP - DIRECTOR	3.00	Officer Director	$0	$0	$0
JOHN BLACKSTOCK	SECRETARY - DIRECTOR	3.00	Officer Director	$0	$0	$0
WILLIAM SHEEHAN	DIRECTOR	3.00	Director	$0	$0	$0
ELAINE LAFLAMME	TREASURER - DIRECTOR	3.00	Officer Director	$0	$0	$0
MELODY RIDLEY	DIRECTOR	3.00	Director	$0	$0	$0
COURTNEY COX	DIRECTOR	3.00	Director	$0	$0	$0
KAREN MINNIS	CO-EXECUTIVE DIRECTOR	40.00	Officer	$112,184	$7,605	$119,789
NATALIE BLAKE	CO-EXECUTIVE DIRECTOR	40.00	Officer	$111,607	$8,249	$119,856

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	No data	No data	No data	No data
2023	$4,835,550	$5,249,943	$8,031,675	$-414,393
2022	$3,486,678	$5,352,083	$8,276,716	$-1,865,405
2021	$5,647,701	$5,035,161	$9,512,588	$612,540
2020	$5,209,362	$5,569,371	$9,529,868	$-360,009
2019	$8,716,539	$7,354,387	$9,230,843	$1,362,152
2018	$9,063,498	$7,580,906	$7,496,013	$1,482,592