Health Equity Alliance (EIN 010441229) - Form 990 Financial Analysis & Trantor Score

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Tuckman-Chang Vulnerability Assessment

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 is a 501(c)(3) with EIN 010441229, based in Bangor, ME. Founded in 1988, the organization files IRS Form 990 and reported its most recent data for fiscal year 2023. In that period, it reported $1,858,650 in total revenue and $1,803,352 in total expenses, with net assets of $190,380.

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

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Trantor Score

Financial Health & Payment Capacity Assessment (FICO Scale: 300–850)

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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	$1,592,731	$1,867,469	$411,573	$-274,738
2022	$1,722,037	$1,920,257	$527,835	$-198,220
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

Health Equity Alliance