HealthFirst Family Care Center Inc (EIN 020492976) - 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

1996

Legal Domicile

Principal Officer

Ted Bolognani

Phone

6039340177

Tax Period

2024-10-01 to 2025-09-30

HealthFirst Family Care Center Inc, founded in 1996, is a mid-sized nonprofit in the Health Care sector that reported $14.3M in total revenue in fiscal year 2024. Revenue surged 28% from the prior year, signaling strong growth momentum. Expenses of $13.1M left a modest 8% surplus.

Mission

To provide health care & a wide range of social services to all, regardless of their ability to pay.

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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 $4,027,754

Program Service Revenue $9,977,143

Investment Income $98,235

Other Revenue $161,963

TOTAL REVENUE $14,265,095

Expense Breakdown

Grants Paid $205,403

Salaries & Benefits $8,527,203

Fundraising Expenses $0

Program Expenses $11,798,176

Other Expenses $4,391,137

TOTAL EXPENSES $13,123,743

Year-over-Year Comparison

	2024	2023	Change
Revenue	$14,265,095	$11,136,330	+0.3%
Expenses	$13,123,743	$12,828,842	+0.0%
Net Income	$1,141,352	$-1,692,512	-1.7%

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

132

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

$292,150

Total Directors

Key Employees

$1,424,468

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Michael Stanley	Chair	1.00	Officer Director	$0	$0	$0
Michelle Lennon	Vice Chair	1.00	Officer Director	$0	$0	$0
Robert St Jacques Sr	Secretary	1.00	Officer Director	$0	$0	$0
Susan Wnuk	Treasurer	1.00	Officer Director	$0	$0	$0
Scott Burns	Director	1.00	Director	$0	$0	$0
Myla Everett	Director	1.00	Director	$0	$0	$0
Melissa Howard	Director	1.00	Director	$0	$0	$0
Susan Lunt	Director	1.00	Director	$0	$0	$0
Matthew Mackwood	Director	1.00	Director	$0	$0	$0
Dawn Sanchez	Director	1.00	Director	$0	$0	$0
Dennis Swett	Director	1.00	Director	$0	$0	$0
Peter Thurber	Director	1.00	Director	$0	$0	$0
Bill Warren	Director	1.00	Director	$0	$0	$0
James Wells	Director	1.00	Director	$0	$0	$0
Stephanie Wolff	Director	1.00	Director	$0	$0	$0
Ted Bolognani	CEO	40.00	Officer	$213,034	$21,816	$234,850
Melissa Frenette	Director of Finance	40.00	Officer	$54,966	$2,334	$57,300
Eleanor Janeway	Physician	40.00	Key Emp	$251,426	$18,987	$270,413
Kelley Watkins	APRN	40.00	Key Emp	$155,729	$21,908	$177,637
Michael Watto	Medical Director	40.00	Key Emp	$335,384	$16,711	$352,095
Lara Wheeler	Physcian	30.00	Key Emp	$193,578	$6,408	$199,986
Elise Wojcik	Physcian	40.00	Key Emp	$239,645	$14,782	$254,427
Lisa Baker	APRN	40.00	Key Emp	$155,008	$14,902	$169,910
Alyssa Albro	APRN	40.00	Highest	$117,511	$8,489	$126,000
Carly Burke	APRN	40.00	Highest	$121,852	$16,980	$138,832
Ingrid Farrell	APRN	40.00	Highest	$145,395	$16,165	$161,560
Melissa Fisk	HR Director	40.00	Highest	$120,055	$8,299	$128,354
Isabel Watts	APRN	40.00	Highest	$118,759	$540	$119,299
Russell Keene	Former CEO	0.00		$247,742	$24,604	$272,346

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
2025	$14,265,095	$13,123,743	$7,856,754	$1,141,352
2024	No data	No data	No data	No data
2023	$10,473,512	$10,159,495	$8,681,812	$314,017
2022	$8,554,549	$8,199,244	$7,243,621	$355,305
2021	$8,720,985	$7,556,205	$6,590,905	$1,164,780
2020	$7,527,718	$6,566,725	$5,900,757	$960,993
2019	$5,989,676	$5,699,582	$3,946,169	$290,094
2018	$5,322,613	$4,967,774	$3,742,329	$354,839

HealthFirst Family Care Center Inc