UNIVERSAL MEDICAL INSTITUTE INC

EIN: 850504960 501(c)(3) Health Care

MIAMI, FL

Total Revenue
$352,903
Total Expenses
$373,627
Total Assets
$271,746
Net Assets
$137,069
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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
FL
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.

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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%)

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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

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Governance

Voting Members
3
Independent Members
3
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
3
$0
Total Directors
3
$0
Key Employees
0
$0
Highest Compensated
0
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
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