Health Access Network 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

2002

Legal Domicile

Principal Officer

Nicole Glidden RN CEO

Phone

2077946700

Tax Period

2024-01-01 to 2024-12-31

Health Access Network Inc, founded in 2002, is a mid-sized nonprofit in the Health Care sector that reported $14.4M in total revenue in fiscal year 2024. Expenses of $13.3M left a modest 8% surplus.

Mission

We will make a difference in the lives of our patients and community by providing compassionate, high quality healthcare services focusing on the whole person, without financial or social discrimination.

Program Service Accomplishments

Program 1

Expenses: $8,565,538 Revenue: $10,065,578

Health Access Network (HAN) is a Federally Qualified Health Center (FQHC) that began operations in 2003 and now has clinic locations in the rural communities of Lincoln, Medway, Millinocket, West...

Health Access Network (HAN) is a Federally Qualified Health Center (FQHC) that began operations in 2003 and now has clinic locations in the rural communities of Lincoln, Medway, Millinocket, West Enfield, and Lee, Maine. HAN's service area includes 19 organized towns, plus numerous unorganized plantations and territories in northern central Maine with a total population of about 23,000 people. HAN provides comprehensive primary healthcare, dental care, podiatry, and behavioral healthcare services to all residents, 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 $4,162,589

Program Service Revenue $10,065,578

Investment Income $132,128

Other Revenue $0

TOTAL REVENUE $14,360,295

Expense Breakdown

Grants Paid $0

Salaries & Benefits $9,030,919

Fundraising Expenses $0

Program Expenses $8,565,538

Other Expenses $4,250,426

TOTAL EXPENSES $13,281,345

Year-over-Year Comparison

	2024	2023	Change
Revenue	$14,360,295	$13,350,415	+0.1%
Expenses	$13,281,345	$12,258,416	+0.1%
Net Income	$1,078,950	$1,091,999	0.0%

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

116

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

$358,488

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Nancy Christensen	Director (start 12/2024)	1.00	Director	$0	$0	$0
Tamber Craig	Director (start 5/2024)	1.00	Director	$0	$0	$0
Michael Garfield	Director (start 11/2024)	1.00	Director	$0	$0	$0
Laci Hannington	Director (start 9/2024)	1.00	Director	$0	$0	$0
Evelyn Harrison	Director (end 6/2024)	1.00	Director	$0	$0	$0
Sarah Langevin	Director (end 10/2024)	1.00	Director	$0	$0	$0
Patricia Locke Esq	Director	1.00	Director	$0	$0	$0
Christie McGreevy	Director	1.00	Director	$0	$0	$0
Harold Cote	President	1.00	Officer Director	$0	$0	$0
Addison Goslin	Director/Vice President (start 7/24)	1.00	Officer Director	$0	$0	$0
Richard Broderick Jr Esq	Treasurer	1.00	Officer Director	$0	$0	$0
Susan Bailey	Secretary (end 5/2024)	1.00	Officer Director	$0	$0	$0
Earlene Young	Vice President/Secretary(start 7/24)	1.00	Officer Director	$0	$0	$0
Nicole Glidden RN	CEO	40.00	Officer	$184,845	$23,363	$208,208
Wanda Kimball	CFO	40.00	Officer	$139,297	$10,983	$150,280
Katie Adams	Medical Director & Physician	40.00	Highest	$284,901	$36,999	$321,900
Jessica House	Physician	40.00	Highest	$282,165	$36,829	$318,994
Kyle Klosowski	Physician	40.00	Highest	$236,472	$22,844	$259,316
Joseph Aquilina	Physician Assistant	40.00	Highest	$221,151	$22,310	$243,461
Kevin Olson	Physician	40.00	Highest	$185,456	$17,165	$202,621

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	$14,360,295	$13,281,345	$13,020,125	$1,078,950
2023	$13,350,415	$12,258,416	$12,370,951	$1,091,999
2022	$13,412,389	$11,846,369	$11,921,312	$1,566,020
2021	$12,286,946	$11,323,533	$10,260,274	$963,413
2020	$12,750,431	$10,826,920	$9,520,751	$1,923,511
2019	$10,479,855	$11,071,372	$8,007,460	$-591,517
2018	$11,012,044	$10,560,600	$8,510,857	$451,444