Health Equity Alliance

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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

1988

Legal Domicile

Principal Officer

Josh D'Alessio

Phone

2079903626

Tax Period

2023-01-01 to 2023-12-31

Health Equity Alliance, founded in 1988, is a community nonprofit that reported $1.9M in total revenue in fiscal year 2023. Revenue decreased 13% compared to the prior year.

Mission

The Down East Aids Network and the Health Equity Alliance empowers marginalized communities to improve their health and wellbeing and affect social and cultural change by facilitating collaboration, education, advocacy, and action

Program Service Accomplishments

Program 1

Expenses: $1,075,407

HIV Care and PreventionOur HIV Care is provided through Medical Care Management Services offered to persons living with HIV/AIDS. Our Care Team provides ongoing needs assessments to inform...

HIV Care and PreventionOur HIV Care is provided through Medical Care Management Services offered to persons living with HIV/AIDS. Our Care Team provides ongoing needs assessments to inform coordination of care such as referrals and wellness management, dental care, medical care, social services, and resources for immediate and long-term care.Prevention and HIV Testing are provided using the most recent testing technology through the CDC and we conduct testing at local universities, healthcare facilities, and community organizations as well as community events. In addition, we provide LGBTQ+ education for all ages within the communities we serve.

Program 2

Expenses: $358,469

Harm Reduction & Overdose PreventionOur Harm Reduction Services offer strategies that reduce the risk of dying from an overdose. We aim to support people who use drugs, with education to mitigage the risk of an overdose while it's happening. In addition, our syringe services program (SSP) is a community-based program that provides access to sterile syringes and safer use supplies and facilitates the safe disposal of used syringes. In our participation with other allied organizations, we provide education about overdose prevention and Naloxone distribution and education.

Program 3

Advocacy & Community EngagementHealth Equity Alliance has fought for equality for the LGBTQ+ community as well as Harm Reduction that addresses the opioid crisis here in Maine. Most organizations...

Advocacy & Community EngagementHealth Equity Alliance has fought for equality for the LGBTQ+ community as well as Harm Reduction that addresses the opioid crisis here in Maine. Most organizations tend to shy away from lobbying and advocacy, but we believe that we can increase the impact of our work by having representation at the state and local levels of government in Maine. As an organization, we have shifted from just responding to problems in our community to trying to address the root causes of those problems. Generally, this means changing public attitudes, local and national policies, and market systems that underlie our work.

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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 $1,101,660

Program Service Revenue $750,372

Investment Income $6,618

Other Revenue $0

TOTAL REVENUE $1,858,650

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,080,583

Fundraising Expenses $108,498

Program Expenses $1,433,876

Other Expenses $722,769

TOTAL EXPENSES $1,803,352

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,858,650	$2,133,826	-0.1%
Expenses	$1,803,352	$2,540,714	-0.3%
Net Income	$55,298	$-406,888	-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

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
Joshua B D'Alessio	Executive Director	44.00		$119,465	$0	$119,465
Joshua D'Alessio	Executive Dir.	0.00	Director	$0	$0	$0
Ann Giggey	Director	0.00	Director	$0	$0	$0
Ralph Parks	Director	0.00	Director	$0	$0	$0
Sundance Campbell	Director	0.00	Director	$0	$0	$0
Anders Elzey	Secretary	0.00	Officer Director	$0	$0	$0
Jason Canniff	Chairman	1.00	Director	$0	$0	$0
CJ Carver	Director	3.00	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
2023	$1,858,650	$1,803,352	$816,367	$55,298
2022	$1,722,037	$1,920,257	$527,835	$-198,220
2022	$1,592,731	$1,867,469	$411,573	$-274,738
2022	$1,722,037	$1,876,276	$527,836	$-154,239
2021	$2,133,827	$2,540,714	$496,798	$-406,887
2021	$1,979,036	$2,540,714	$342,008	$-561,678
2020	$2,611,979	$2,198,804	$800,996	$413,175
2019	$2,121,258	$1,954,188	$455,944	$167,070
2018	$1,710,615	$1,548,114	$250,294	$162,501