CMIT LOUISIANA LLC (EIN 871090202) - 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

2021

Legal Domicile

Principal Officer

STEPHEN LOKITZ PHD

Phone

3187164108

Tax Period

2023-10-01 to 2024-09-30

CMIT LOUISIANA LLC, founded in 2021, is a community nonprofit in the Health Care sector that reported $6.5M in total revenue in fiscal year 2023. Revenue surged 79% from the prior year, signaling strong growth momentum.

Mission

CMIT LOUISIANA, LLC PROVIDES MOLECULAR IMAGING SERVICES, INCLUDING TO LOW-INCOME INDIVIDUALS AT LOW OR NO COST, RADIOPHARMCEUTICAL MANUFACTURING SERVICES, AND SUPPORTS ONGOING CLINICAL AND TRANSLATIONAL RESEARCH IN THE AREA OF MOLECULAR IMAGING. IN DOING SO IT WILL SUPPORT THE MISSION OF ITS SOLE MEMBER, BRF, LLC, WHOSE SOLE MEMBER IS THE BIOMEDICAL RESEARCH FOUNDATION OF NORTHWEST LOUISIANA, AN ORGANIZATION EXEMPT UNDER SECTION 501(C)(3).

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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 $2,000,000

Program Service Revenue $4,416,041

Investment Income $7,754

Other Revenue $40,583

TOTAL REVENUE $6,464,378

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $5,663,112

Other Expenses $6,452,106

TOTAL EXPENSES $6,452,106

Year-over-Year Comparison

	2023	2022	Change
Revenue	$6,464,378	$3,605,327	+0.8%
Expenses	$6,452,106	$5,276,121	+0.2%
Net Income	$12,272	$-1,670,794	-1.0%

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

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
ARTHUR THOMPSON	MANAGER	1.00	Director	$0	$0	$0
DR BERNARD KIMBLE	MANAGER	1.00	Director	$0	$0	$0
MILES HITCHCOCK	MANAGER	1.00	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	$6,464,378	$6,452,106	$22,399,242	$12,272
2023	$3,605,327	$5,276,121	$18,584,401	$-1,670,794
2022	$1,111,035	$2,146,209	$18,080,223	$-1,035,174
2021	$125,000	$21,999	$15,587,652	$103,001

CMIT LOUISIANA LLC