REMS INDUSTRY CONSORTIUM INC (EIN 872975064) - Form 990 Financial Analysis & Trantor Score

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

2021

Legal Domicile

Principal Officer

KEVIN HOLMAN

Phone

8563806894

Tax Period

2024-01-01 to 2024-12-31

REMS INDUSTRY CONSORTIUM INC, founded in 2021, is a small nonprofit in the Community Improvement sector that reported $931K in total revenue in fiscal year 2024. Revenue surged 36% from the prior year, signaling strong growth momentum. The organization ran a surplus of $348K, a strong 37% operating margin.

Mission

IMPROVING PATIENT SAFETY AND MEDICATION ACCESS THROUGH REMS INNOVATION.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $931,433

Investment Income $0

Other Revenue $0

TOTAL REVENUE $931,433

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $583,860

TOTAL EXPENSES $583,860

Year-over-Year Comparison

	2024	2023	Change
Revenue	$931,433	$685,242	+0.4%
Expenses	$583,860	$589,450	0.0%
Net Income	$347,573	$95,792	+2.6%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

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
Kevin Holman	Chairperson	1.0	Officer Director	$0	$0	$0
Kishore Gopu	Vice Chariperson	1.0	Officer Director	$0	$0	$0
Kal Elhoregy	Treasurer	1.0	Officer Director	$0	$0	$0
Michael Cheung	Secretary	1.0	Officer Director	$0	$0	$0
Cherie Johnson	Board Member	1.0	Director	$0	$0	$0
Ron Selders	Board Member	1.0	Director	$0	$0	$0
Tina Latch	Board Member (From 3/12/2024)	1.0	Director	$0	$0	$0
Jamie Wilkins	Board Member (From 3/26/2024)	1.0	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	$931,433	$583,860	$607,734	$347,573
2023	$685,242	$589,450	$151,689	$95,792
2022	$397,500	$380,567	$98,502	$16,933
2021	$300,000	$278,701	$85,375	$21,299

REMS INDUSTRY CONSORTIUM INC