ELYRIA MEDICAL CENTER FOUNDATION (EIN 611579760) - 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

2013

Legal Domicile

Principal Officer

KEVIN FLANIGAN

Phone

4143197053

Tax Period

2023-01-01 to 2023-12-31

ELYRIA MEDICAL CENTER FOUNDATION, founded in 2013, is a community nonprofit in the Human Services sector that reported $1.1M in total revenue in fiscal year 2023. Revenue surged 54% from the prior year, signaling strong growth momentum. The organization ran a surplus of $454K, a strong 40% operating margin.

Mission

SUPPORT AND ASSIST THE MISSION OF UNIVERSITY HOSPITALS ELYRIA MEDICAL CENTER.

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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 $59,472

Program Service Revenue $0

Investment Income $1,078,285

Other Revenue $0

TOTAL REVENUE $1,137,757

Expense Breakdown

Grants Paid $615,135

Salaries & Benefits $61,625

Fundraising Expenses $0

Program Expenses $676,760

Other Expenses $6,819

TOTAL EXPENSES $683,579

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,137,757	$738,144	+0.5%
Expenses	$683,579	$1,128,925	-0.4%
Net Income	$454,178	$-390,781	-2.2%

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

$1,160,626

Total Directors

$1,160,626

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BOND BRADLEY C	DIRECTOR/SECRETARY/TREASURER	2.00	Officer Director	$0	$62,070	$687,037
HARFORD TODD	DIRECTOR/PRESIDENT	2.00	Officer Director	$0	$61,001	$473,589
FLANIGAN KEVIN J	DIRECTOR/CHAIRPERSON	2.00	Officer Director	$0	$0	$0
YOST ROBERT	DIRECTOR	2.00	Director	$0	$0	$0
TWEARDY KIMBERLY	DIRECTOR	2.00	Director	$0	$0	$0
RYAN SPENCER	DIRECTOR	2.00	Director	$0	$0	$0
PEARL JERRY	DIRECTOR	2.00	Director	$0	$0	$0
LENT DANIEL	DIRECTOR	2.00	Director	$0	$0	$0
MOLE KAREN L	DIRECTOR/VICE PRESIDENT	2.00	Officer 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	No data	No data	No data	No data
2023	$1,137,757	$683,579	$21,238,407	$454,178
2022	$738,144	$1,128,925	$19,191,911	$-390,781
2021	$2,496,441	$310,393	$24,181,927	$2,186,048
2020	$614,778	$700,720	$22,152,208	$-85,942
2019	$725,435	$2,281,109	$21,121,506	$-1,555,674
2018	$942,768	$318,315	$18,519,461	$624,453

ELYRIA MEDICAL CENTER FOUNDATION