MEDICAL LOAN CLOSET OF WICHITA INC (EIN 900753211) - 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

2012

Legal Domicile

Principal Officer

LLOYD HANNA

Phone

3167798989

Tax Period

2024-01-01 to 2024-12-31

MEDICAL LOAN CLOSET OF WICHITA INC, founded in 2012, is a community nonprofit in the Health Care sector that reported $1.2M in total revenue in fiscal year 2024. Revenue surged 68% from the prior year, signaling strong growth momentum. Expenses of $1.2M left a modest 4% surplus.

Mission

TO PROVIDE USED BUT SERVICEABLE DURABLE MEDICAL EQUIPMENT (DME) TO UNDERSERVED BUT NEEDY INDIVIDUALS.

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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 $1,103,452

Program Service Revenue $142,275

Investment Income $61

Other Revenue $0

TOTAL REVENUE $1,245,788

Expense Breakdown

Grants Paid $1,047,918

Salaries & Benefits $15,025

Fundraising Expenses $0

Program Expenses $1,193,662

Other Expenses $136,315

TOTAL EXPENSES $1,199,258

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,245,788	$740,789	+0.7%
Expenses	$1,199,258	$1,237,395	0.0%
Net Income	$46,530	$-496,606	-1.1%

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

N/A

Employees

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
Lloyd Hanna	1451 N Woodlawn, Wichita, KS	40.00	Officer	$0	$0	$0
Elaine Hanna	1451 N Woodlawn, Wichita, K	25.00	Officer	$0	$0	$0
Drew Brenner	1026 Silverdale Ct, Wichita, KS	100.00	Highest	$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	$1,245,788	$1,199,258	$715,995	$46,530
2023	$740,789	$1,237,395	$668,867	$-496,606
2022	$1,273,154	$753,135	$1,165,135	$520,019
2021	$952,532	$746,217	$645,116	$206,315
2020	$563,393	$588,164	$438,801	$-24,771
2019	$711,599	$933,619	$465,056	$-222,020
2018	$1,102,878	$762,542	$687,076	$340,336

MEDICAL LOAN CLOSET OF WICHITA INC