HealthReach Community Health Centers (EIN 016023664) - 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

1967

Legal Domicile

Principal Officer

Constance Coggins

Phone

2078725610

Tax Period

2024-01-01 to 2024-12-31

HealthReach Community Health Centers, founded in 1967, is a mid-sized nonprofit in the Health Care sector that reported $40.5M in total revenue in fiscal year 2024. Expenses of $37.4M left a modest 8% surplus.

Mission

To provide healthcare services in underserved communities of Central and Western Maine.

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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 $4,954,067

Program Service Revenue $34,326,224

Investment Income $1,248,988

Other Revenue $0

TOTAL REVENUE $40,529,279

Expense Breakdown

Grants Paid $2,200

Salaries & Benefits $22,419,365

Fundraising Expenses $0

Program Expenses $32,842,920

Other Expenses $15,019,497

TOTAL EXPENSES $37,441,062

Year-over-Year Comparison

	2024	2023	Change
Revenue	$40,529,279	$37,789,853	+0.1%
Expenses	$37,441,062	$33,388,274	+0.1%
Net Income	$3,088,217	$4,401,579	-0.3%

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

355

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

$404,307

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Jack Ducharme	Chair	1.00	Officer Director	$0	$0	$0
Bruce Harrington	Vice Chair	1.00	Officer Director	$0	$0	$0
John Opperman	Secretary/Treasurer	1.00	Officer Director	$0	$0	$0
Jenny Boyden	Director	1.00	Director	$0	$0	$0
James Higgins	Director	1.00	Director	$0	$0	$0
Michelle Kelley	Director	1.00	Director	$0	$0	$0
Juliana Richard	Director	1.00	Director	$0	$0	$0
Bethany Shalit	Director	1.00	Director	$0	$0	$0
Brenda Stevens	Director	1.00	Director	$0	$0	$0
Carolyn Tranten	Director	1.00	Director	$0	$0	$0
Allen Wicken	Director	1.00	Director	$0	$0	$0
Candy Henderly	Past Director	1.00	Director	$0	$0	$0
Lisa Landry	Past Director	1.00	Director	$0	$0	$0
Constance Coggins	CEO/President	40.00	Officer	$220,532	$33,207	$253,739
Donna Williams	Director of Finance	40.00	Officer	$123,360	$27,208	$150,568
Amy Madden	Physician/Medical Director	40.00	Highest	$271,105	$5,640	$276,745
Dean Chamberlain	Physician	40.00	Highest	$212,495	$38,854	$251,349
T Kevin Finley	Physician	40.00	Highest	$258,798	$21,664	$280,462
Stacey L Anderson	Physician	40.00	Highest	$155,331	$20,148	$175,479
Jenna R Martini	Physician	40.00	Highest	$208,661	$42,083	$250,744

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	$40,529,279	$37,441,062	$44,542,535	$3,088,217
2023	$37,789,853	$33,388,274	$40,908,495	$4,401,579
2022	$34,295,892	$30,143,718	$35,288,019	$4,152,174
2021	$29,754,257	$26,295,296	$25,525,447	$3,458,961
2020	$27,769,400	$24,859,953	$23,008,276	$2,909,447
2019	$26,056,966	$23,194,968	$18,489,467	$2,861,998
2018	$22,783,085	$21,544,809	$15,271,706	$1,238,276

HealthReach Community Health Centers