FAIR HAVEN COMMUNITY HEALTH CLINIC… - Form 990 Financial Data

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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

1971

Legal Domicile

Principal Officer

SUZANNE LAGARDE MD MBA F

Phone

2037777411

Tax Period

2023-07-01 to 2024-06-30

FAIR HAVEN COMMUNITY HEALTH CLINIC INC, founded in 1971, is a mid-sized nonprofit in the Health Care sector that reported $67.0M in total revenue in fiscal year 2023. Revenue surged 39% from the prior year, signaling strong growth momentum. The organization ran a surplus of $17.4M, a strong 26% operating margin.

Mission

NON-PROFIT PRIMARY HEALTH CARE ORGANIZATION SERVING THE GREATER FAIR HAVEN COMMUNITY SINCE 1971. OUR MISSION IS TO PROVIDE EXCELLENT, ACCESSIBLE CARE TO THE MEDICALLY UNDER-SERVED, REGARDLESS OF THEIR ABILITY TO PAY.

Program Service Accomplishments

Program 1

Expenses: $37,596,125 Revenue: $40,587,840

THE CLINIC EXPERIENCED 115,035 MEDICAL RELATED PATIENT VISITS, 21,948 MENTAL HEALTH RELATED VISITS, AND 5,620 DENTAL VISITS FOR THE FISCAL YEAR JUNE 30, 2024.

Program 2

Expenses: $1,333,975

WIC PROGRAM PROVIDED NUTRITION EDUCATION AND FOOD BENEFITS FOR PREGNANT AND LACTATING WOMEN, INFANTS, AND CHILDREN UNDER THE AGE OF FIVE. APPROXIMATELY 8,157 PEOPLE BENEFITED FROM THIS PROGRAM.

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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 $25,598,407

Program Service Revenue $40,235,684

Investment Income $801,162

Other Revenue $359,083

TOTAL REVENUE $66,994,336

Expense Breakdown

Grants Paid $1,333,975

Salaries & Benefits $27,005,911

Fundraising Expenses $161,856

Program Expenses $38,930,100

Other Expenses $21,266,115

TOTAL EXPENSES $49,606,001

Year-over-Year Comparison

	2023	2022	Change
Revenue	$66,994,336	$48,319,366	+0.4%
Expenses	$49,606,001	$41,593,610	+0.2%
Net Income	$17,388,335	$6,725,756	+1.6%

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

359

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

$522,332

Total Directors

Key Employees

$1,201,468

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ANDREA SIMMONS	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
CARLA WEIL	BOARD MEMBER	1.00	Director	$0	$0	$0
ENRIQUE JUNCADELLA	BOARD MEMBER	1.00	Director	$0	$0	$0
EVELYN BARNUM	OUTGOING BOARD MEMBER	1.00	Director	$0	$0	$0
JOHN DESTEFANO JR	BOARD MEMBER	1.00	Director	$0	$0	$0
LUIS LUNA	BOARD MEMBER	1.00	Director	$0	$0	$0
MAGDA ANA NATAL	SECRETARY	1.00	Officer Director	$0	$0	$0
MALWIN DAVILA	BOARD MEMBER	1.00	Director	$0	$0	$0
MARIBEL MARTINEZ	PRESIDENT	1.00	Officer Director	$0	$0	$0
MARTA MORET	BOARD MEMBER	1.00	Director	$0	$0	$0
NITZA DIAZ	BOARD MEMBER	1.00	Director	$0	$0	$0
RUTH RODRIGUEZ	BOARD MEMBER	1.00	Director	$0	$0	$0
TOM CANDRICK ESQ	TREASURER	1.00	Officer Director	$0	$0	$0
WILLIAM MORICO	BOARD MEMBER	1.00	Director	$0	$0	$0
AMY TRIMANI	CHIEF FINANCIAL OFFICER	39.00	Officer	$206,962	$3,620	$210,582
SUZANNE LAGARDE	CHIEF EXECUTIVE OFFICER	39.00	Officer	$310,138	$1,612	$311,750
ABIGAIL PAINE	VP PROGRAMS	40.00	Key Emp	$199,900	$3,892	$203,792
BENJAMIN OLDFIELD	VP CLINICAL AFFAIRS	40.00	Key Emp	$331,432	$16,448	$347,880
S DOMINIC SERAPHIN	VP BUSINESS DEVELOPMENT	40.00	Key Emp	$210,369	$34,988	$245,357
THERESE MARROCCO	VP ADMINISTRATIVE SERVICES	40.00	Key Emp	$203,384	$28,439	$231,823
MANAN DAVE	COMPLIANCE OFFICER	1.00	Key Emp	$169,411	$3,205	$172,616
JAMES SEELY	MD	40.00	Highest	$238,374	$12,993	$251,367
JOHN MCDONAGH	MD	40.00	Highest	$241,431	$38,002	$279,433
KARLA TEJADA ARIAS	MD	40.00	Highest	$227,499	$28,978	$256,477
KYLE ELLIGERS	MD	36.00	Highest	$217,488	$12,321	$229,809
MARIO OCHOA PRIETO	MD	40.00	Highest	$226,836	$4,432	$231,268

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	No data	No data	No data	No data
2024	$66,994,336	$49,606,001	$68,195,497	$17,388,335
2023	$48,319,366	$41,593,610	$58,336,591	$6,725,756
2022	$37,080,674	$34,706,506	$26,329,071	$2,374,168
2021	$36,182,279	$30,262,029	$23,485,502	$5,920,250
2020	$27,620,457	$24,255,473	$18,913,043	$3,364,984
2019	$22,873,829	$22,090,752	$11,362,368	$783,077
2018	$22,103,086	$21,644,384	$10,442,193	$458,702

FAIR HAVEN COMMUNITY HEALTH CLINIC INC