THE HEALTH FOUNDATION FUND INC

EIN: 043521743 501(c)(3) Health Care

WORCESTER, MA

Total Revenue
$14,907
Total Expenses
$93
Total Assets
$368,025
Net Assets
$368,025
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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
2000
Legal Domicile
MA
Principal Officer
AMIE SHEI PHD
Phone
5084380009
Tax Period
2024-01-01 to 2024-12-31

THE HEALTH FOUNDATION FUND INC, founded in 2000, is a micro nonprofit in the Health Care sector that reported $15K in total revenue in fiscal year 2024. Revenue fell 52% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $15K, a strong 99% operating margin.

Mission

TO SUPPORT THE PURPOSE AND MISSION OF ITS MEMBER, THE HEALTH FOUNDATION OF CENTRAL MASSACHUSETTS, INC.

Program Service Accomplishments

Program 1

TO SUPPORT THE PURPOSE AND MISSION OF ITS MEMBER, THE HEALTH FOUNDATION OF CENTRAL MASSACHUSETTS, INC.

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $5,792
Program Service Revenue $0
Investment Income $2,416
Other Revenue $6,699
TOTAL REVENUE $14,907

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Other Expenses $93
TOTAL EXPENSES $93

Year-over-Year Comparison

2024 2023 Change
Revenue $14,907 $31,143 -0.5%
Expenses $93 $9,727 -1.0%
Net Income $14,814 $21,416 -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

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Governance

Voting Members
6
Independent Members
5
Employees
N/A
Volunteers
N/A

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
5
$298,529
Total Directors
6
$298,529
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
AMIE SHEI PHD PRESIDENT/C.E.O. 1.00
Officer Director
$0 $10,308 $298,529
DENNIS M DIMITRI MD FAAFP CHAIRMAN 0.00
Officer Director
$0 $0 $0
TIMOTHY M BIBAUD JD IMMEDIATE PAST CHAIR 0.00
Officer Director
$0 $0 $0
RANDALL V BECKER CPA MBA TREASURER 0.00
Officer Director
$0 $0 $0
SEJAL M DAGA MD FAAFP SECRETARY 0.00
Officer Director
$0 $0 $0
CHRISTINE L HAGER JD MPH DIRECTOR 0.00
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
2024 $14,907 $93 $368,025 $14,814
2023 $31,143 $9,727 $335,405 $21,416
2022 $172,052 $403,089 $297,423 $-231,037
2021 $288,795 $115,736 $582,504 $173,059
2020 $57,950 $16,382 $363,339 $41,568
2019 $84,019 $54 $305,894 $83,965
2018 $35,269 $38,255 $213,912 $-2,986
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