UNIVERSAL MEDICAL INSTITUTE 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

2020

Legal Domicile

Phone

3059745995

Tax Period

2024-01-01 to 2024-12-31

UNIVERSAL MEDICAL INSTITUTE INC, founded in 2020, is a small nonprofit in the Health Care sector that reported $353K in total revenue in fiscal year 2024. Revenue grew 20% year-over-year, indicating healthy expansion.

Mission

TO PROVIDE FREE PRIMARY HEALTHCARE TO ALL IN NEED AND CAN NOT AFFORD MEDICAL CARE DUE TO LOW INCOME.

Program Service Accomplishments

Program 1

Expenses: $373,627 Revenue: $352,902

THE CLINIC PROVIDES SERVICES UNDER THE STATE OF FLORIDA VOLUNTARY HEALTHCARE PROVIDER PROGRAM TO UNINSURED INDIGENT PEOPLE.

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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 $352,903

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $352,903

Expense Breakdown

Grants Paid $0

Salaries & Benefits $49,612

Fundraising Expenses $0

Program Expenses $373,627

Other Expenses $324,015

TOTAL EXPENSES $373,627

Year-over-Year Comparison

	2024	2023	Change
Revenue	$352,903	$294,823	+0.2%
Expenses	$373,627	$339,612	+0.1%
Net Income	$-20,724	$-44,789	-0.5%

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

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
SYED F ZAFAR	DIRECTOR	5.00	Officer Director	$0	$0	$0
ZAFAR QURESHI	MEDICAL DIRECTOR	15.00	Officer Director	$0	$0	$0
SADRUL FASIHI	DIRECTOR	4.00	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	$352,903	$373,627	$271,746	$-20,724
2023	$294,823	$339,612	$211,898	$-44,789
2022	$334,491	$169,046	$268,170	$165,445
2021	$146,932	$107,675	$51,874	$39,257
2020	$9,275	$80	$9,195	$9,195