Memorial Clinics Inc (EIN 720678967) - 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

1969

Legal Domicile

Principal Officer

CHRISTOPHER LEGE MD

Phone

5046482519

Tax Period

2024-01-01 to 2024-12-31

Memorial Clinics Inc, founded in 1969, is a small nonprofit in the Health Care sector that reported $112K in total revenue in fiscal year 2024. Revenue surged 72% from the prior year, signaling strong growth momentum. The organization ran a surplus of $25K, a strong 23% operating margin.

Mission

TO AID AND ASSIST HOSPITAL AND HEALTHCARE ORGANIZATIONS IN THE FIELD OF MEDICAL EDUCATION AND RESEARCH FOR THE IMPROVEMENT OF MEDICAL CARE IN THE COMMUNITY.

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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 $0

Investment Income $111,598

Other Revenue $0

TOTAL REVENUE $111,598

Expense Breakdown

Grants Paid $60,000

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $60,000

Other Expenses $26,358

TOTAL EXPENSES $86,358

Year-over-Year Comparison

	2024	2023	Change
Revenue	$111,598	$64,781	+0.7%
Expenses	$86,358	$79,468	+0.1%
Net Income	$25,240	$-14,687	-2.7%

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

N/A

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
MATTHEW BOLTON	Director	0.50	Director	$0	$0	$0
LANCE ESTRADA MD	Vice President	0.50	Director	$0	$0	$0
CHRISTOPHER LEGE MD	Director	0.50	Director	$0	$0	$0
ROBERT OCCHIPINTI MD	President	1.00	Officer	$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	$111,598	$86,358	$1,263,990	$25,240
2023	$64,781	$79,468	$1,203,034	$-14,687
2022	$32,479	$91,927	$1,151,526	$-59,448
2021	$114,097	$88,432	$1,378,456	$25,665
2020	$46,244	$153,271	$1,332,695	$-107,027
2019	$35,561	$20,740	$1,343,718	$14,821
2018	$73,475	$100,400	$1,165,021	$-26,925

Memorial Clinics Inc