SOUTHCOAST HEALTH AMBASSADORS INC

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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

2021

Legal Domicile

Principal Officer

DAVID MCCREADY

Phone

5089735752

Tax Period

2023-10-01 to 2024-09-30

SOUTHCOAST HEALTH AMBASSADORS INC, founded in 2021, is a micro nonprofit in the Health Care sector that reported $95K in total revenue in fiscal year 2023. Revenue surged 71% from the prior year, signaling strong growth momentum. Expenses of $236K exceeded revenue, resulting in a 147% operating deficit.

Mission

THE MISSION OF SOUTHCOAST HEALTH AMBASSADORS, INC. IS TO RENDER SERVICES TO SHG, ITS PATIENTS AND ITS TAX-EXEMPT SUBSIDIARIES, AND TO ASSIST SOUTHCOAST HEALTH IN PROMOTING THE HEALTH AND WELFARE OF THE COMMUNITIES IT SERVES.

Program Service Accomplishments

Program 1

Expenses: $93,483 Revenue: $0

SOUTHCOAST HEALTH AMBASSADORS RENDERS SERVICE TO THE SOUTHCOAST HEALTH SYSTEM AND THE GENERAL COMMUNITY THROUGH ENHANCEMENT AND SUPPORT OF PATIENT INTERACTIONS, DEVELOPING PARTNERSHIPS WITHIN THE...

SOUTHCOAST HEALTH AMBASSADORS RENDERS SERVICE TO THE SOUTHCOAST HEALTH SYSTEM AND THE GENERAL COMMUNITY THROUGH ENHANCEMENT AND SUPPORT OF PATIENT INTERACTIONS, DEVELOPING PARTNERSHIPS WITHIN THE COMMUNITY TO STRENGTHEN COMMUNITY OUTREACH AND ENGAGEMENT, PROMOTION OF HEALTHCARE CAREERS, SUPPORTING THE FINANCIAL STABILITY OF SOUTHCOAST HEALTH GIFT SHOPS, AND RAISING OF FUNDS TO ACCOMPLISH SUCH PURPOSES.

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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 $95,896

Program Service Revenue $0

Investment Income $0

Other Revenue $-411

TOTAL REVENUE $95,485

Expense Breakdown

Grants Paid $83,598

Salaries & Benefits $0

Fundraising Expenses $142,309

Program Expenses $93,483

Other Expenses $152,194

TOTAL EXPENSES $235,792

Year-over-Year Comparison

	2023	2022	Change
Revenue	$95,485	$55,860	+0.7%
Expenses	$235,792	$186,228	+0.3%
Net Income	$-140,307	$-130,368	+0.1%

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

N/A

Volunteers

131

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

$847,899

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
OLAYINKA OLUWOLE	TRUSTEE	1.5	Director	$0	$22,397	$216,503
KIMBERLEY COON	TRUSTEE	5	Director	$0	$19,882	$177,602
MICHELLE LORANGER	TRUSTEE (UNTIL 12/2023)	1.5	Director	$0	$14,153	$122,503
ALISON LEBERT	TRUSTEE (AS OF 1/2024)	1.5	Director	$0	$5,842	$104,950
DONNA KINCMAN	TRUSTEE	1.5	Director	$0	$23,447	$88,075
MEGHAN ROGERS	TRUSTEE (AS OF 1/2024)	1.5	Director	$0	$16,998	$68,128
JENNIFER SZABO	TRUSTEE	37.5	Director	$0	$3,997	$66,925
KATHRYN KING	TRUSTEE	1.5	Director	$0	$0	$3,093
JANICE SHARP	TRUSTEE	1.5	Director	$0	$0	$120
ELENA COFFEY	VICE CHAIR	2.5	Officer Director	$0	$0	$0
FILOMENA KUCHAR	TREASURER	2.5	Officer Director	$0	$0	$0
MARCIA LIGGIN	CHAIR AND PRESIDENT	2.5	Officer Director	$0	$0	$0
PAMELA MIRICK	CLERK	2.5	Officer Director	$0	$0	$0
SANDRA SLAVIN	ASSISTANT TREASURER	2.5	Officer Director	$0	$0	$0
JUDITH MENDARD	TRUSTEE (UNTIL 12/2023)	1.5	Director	$0	$0	$0
ASHLEY OZUG	TRUSTEE (UNTIL 12/2023)	1.5	Director	$0	$0	$0
JAMES MONTE	TRUSTEE (AS OF 1/2024)	1.5	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	$95,485	$235,792	$390,432	$-140,307
2023	$55,860	$186,228	$296,046	$-130,368
2022	$76,440	$137,133	$140,967	$-60,693
2021	$158,217	$174,537	$70,325	$-16,320
2020	$211,098	$182,650	$94,786	$28,448
2019	$285,277	$291,586	$82,440	$-6,309
2018	$321,675	$364,393	$92,082	$-42,718