LUMINA IMAGING (EIN 842196750) - 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

2019

Legal Domicile

Principal Officer

NABIL CHEHADE

Phone

4405926095

Tax Period

2024-01-01 to 2024-12-31

LUMINA IMAGING, founded in 2019, is a community nonprofit in the Health Care sector that reported $3.7M in total revenue in fiscal year 2024. Revenue decreased 18% compared to the prior year. Expenses of $4.2M exceeded revenue, resulting in a 12% operating deficit.

Mission

LUMINA IMAGING WAS ESTABLISHED BY METROHEALTH HOSPITAL, CUYAHOGA COUNTY'S ONLY COUNTY HOSPITAL, TO PROVIDE CT AND MRI SCANS TO PATIENTS

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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 $1,127,250

Program Service Revenue $2,575,226

Investment Income $0

Other Revenue $27,601

TOTAL REVENUE $3,730,077

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,089,641

Fundraising Expenses $0

Program Expenses $3,930,377

Other Expenses $3,082,443

TOTAL EXPENSES $4,172,084

Year-over-Year Comparison

	2024	2023	Change
Revenue	$3,730,077	$4,558,574	-0.2%
Expenses	$4,172,084	$3,852,219	+0.1%
Net Income	$-442,007	$706,355	-1.6%

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

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

$2,711,834

Total Directors

$2,263,534

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DERRICK HOLLINGS	PRESIDENT	1.00	Officer Director	$0	$96,487	$898,635
OLSEGUN ISHMAEL	VP OPERATIONS	1.00	Officer Director	$0	$92,116	$995,665
SUSAN MEGO	TREASURER	1.00	Officer Director	$0	$62,146	$369,234
BRYAN CROWLEY	EXECUTIVE DIRECTOR	40.00	Officer	$131,395	$8,256	$139,651
LISA GIGANTI	CEO	2.00	Officer	$0	$51,276	$308,649
SONJA RAJKI	FORMER SECRETARY	1.00		$0	$77,967	$686,998

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	$3,730,077	$4,172,084	$5,098,804	$-442,007
2023	$4,558,574	$3,852,219	$4,311,708	$706,355
2022	$2,459,971	$2,717,711	$3,091,229	$-257,740
2021	$3,933,086	$2,383,212	$1,652,563	$1,549,874
2020	$263,305	$1,635,660	$1,052,069	$-1,372,355

LUMINA IMAGING