PATIENTS R WAITING INC (EIN 844433433) - 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

2020

Legal Domicile

Phone

9176982433

Tax Period

2023-01-01 to 2023-12-31

PATIENTS R WAITING INC, founded in 2020, is a small nonprofit in the Health Care sector that reported $534K in total revenue in fiscal year 2023. Revenue decreased 8% compared to the prior year. Expenses of $606K exceeded revenue, resulting in a 14% operating deficit.

Mission

OUR MISSION IS TO ELIMINATE HEALTH DISPARITIES BY INCREASING DIVERSITY IN MEDICINE THROUGH THREE AREAS OF FOCUS: INCREASING THE PIPELINE OF MINORITY CLINICIANS MAKING THE PIPELINE LESS LEAKY AND SUPPORTING MINORITY CLINICIANS IN PRACTICE.

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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 $493,548

Program Service Revenue $40,346

Investment Income $0

Other Revenue $0

TOTAL REVENUE $533,894

Expense Breakdown

Grants Paid $377,608

Salaries & Benefits $121,094

Fundraising Expenses $13,526

Program Expenses $481,782

Other Expenses $107,708

TOTAL EXPENSES $606,410

Year-over-Year Comparison

	2023	2022	Change
Revenue	$533,894	$581,416	-0.1%
Expenses	$606,410	$524,821	+0.2%
Net Income	$-72,516	$56,595	-2.3%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DR CHERISE HAMBLIN MD	PRESIDENT	10.00	Officer Director	$0	$0	$0
DR SHAREE LIVINGSTONANDERSON DO	SECRETARY	10.00	Officer Director	$0	$0	$0
DR WENDY GOODALL MCDONALD MD	TREASURER	10.00	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	$533,894	$606,410	$97,944	$-72,516
2022	$581,416	$524,821	$170,460	$56,595
2021	$481,506	$431,931	$113,865	$49,575

PATIENTS R WAITING INC