COMMUNITY HEALTHCARE NETWORK (EIN 133083068) - 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

1978

Legal Domicile

Principal Officer

ROBERT HAYES

Phone

2125452404

Tax Period

2024-01-01 to 2024-12-31

COMMUNITY HEALTHCARE NETWORK, founded in 1978, is a mid-sized nonprofit in the Health Care sector that reported $90.8M in total revenue in fiscal year 2024. Revenue grew 12% year-over-year, indicating healthy expansion. Expenses of $100.0M exceeded revenue, resulting in a 10% operating deficit.

Mission

COMMUNITY HEALTHCARE NETWORK, INC ("CHN") OPERATES FREESTANDING DIAGNOSTIC AND TREATMENT CENTERS, DESIGNATED AS A FEDERALLY QUALIFIED HEALTH CENTER, LICENSED UNDER ARTICLE 28 OF THE NEW YORK STATE HEALTH LAW, LOCATED THOUGHOUT NEW YORK CITY. CHN PROVIDES A BROAD RANGE OF HEALTH SERVICES INCLUDING BUT NOT LIMITED TO PRIMARY AND PREVENTATIVE CARE, AND MENTAL HEALTH SERVICES TO A LARGELY MEDICALLY UNDERSERVED POPULATION.

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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 $21,883,346

Program Service Revenue $61,467,057

Investment Income $5,421,763

Other Revenue $2,004,360

TOTAL REVENUE $90,776,526

Expense Breakdown

Grants Paid $5,693,576

Salaries & Benefits $60,758,515

Fundraising Expenses $37,750

Program Expenses $85,258,978

Other Expenses $33,538,675

TOTAL EXPENSES $100,028,516

Year-over-Year Comparison

	2024	2023	Change
Revenue	$90,776,526	$80,819,649	+0.1%
Expenses	$100,028,516	$90,198,463	+0.1%
Net Income	$-9,251,990	$-9,378,814	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

784

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

$492,216

Total Directors

$1,078,963

Key Employees

$937,629

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CAROLINE DORSEN	VICE CHAIRPERSON	1.00	Officer Director	$0	$0	$0
CURTIS YOUNG	BOARD MEMBER	1.00	Director	$0	$0	$0
DENISE GORDON	BOARD MEMBER	1.00	Director	$0	$0	$0
DONA ANDERSON	BOARD MEMBER	1.00	Director	$0	$0	$0
EDWIDGE THOMAS	BOARD MEMBER	1.00	Director	$0	$0	$0
ELIZABETH KROB KELLNER	CHAIRPERSON	1.00	Officer Director	$0	$0	$0
GRETA ELYSEE	BOARD MEMBER	1.00	Director	$0	$0	$0
HARLEM GUNNESS	BOARD MEMBER	1.00	Director	$0	$0	$0
JEFFREY ROBINSON	BOARD MEMBER	1.00	Director	$0	$0	$0
JOSEPHINE DIAZ	BOARD MEMBER	1.00	Director	$0	$0	$0
JUNE NIKLUS	TREASURER	1.00	Officer Director	$0	$0	$0
KATHERINE SHANKS	CHIEF TECHNOLOGY OFFICER	35.00	Director	$194,179	$47,692	$241,871
KATHLEEN O'NEIL	BOARD MEMBER	1.00	Director	$0	$0	$0
KRISTIN MANZOLILLO	SECRETARY	1.00	Officer Director	$0	$0	$0
MAVIS PACHECO	CHIEF HEALTH INFORMATION OFFICER	35.00	Director	$204,930	$47,655	$252,585
MICHELLE JOHNSON	CHIEF PEOPLE OFFICER	35.00	Director	$247,393	$46,316	$293,709
NANCY RAPPORT	OUTGOING BOARD MEMBER	1.00	Officer Director	$0	$0	$0
NATASHA VANWRIGHT	BOARD MEMBER	1.00	Director	$0	$0	$0
PETER GEE	OUTGOING BOARD MEMBER	1.00	Director	$0	$0	$0
RANDY SILLER	BOARD MEMBER	1.00	Director	$0	$0	$0
RICHARD BARASCH	BOARD MEMBER	1.00	Director	$0	$0	$0
ROGER PLATT	BOARD MEMBER	1.00	Director	$0	$0	$0
RONDA KOTELCHUCK	BOARD MEMBER	1.00	Director	$0	$0	$0
SUSAN YEE	CHIEF OPERATING OFFICER	35.00	Director	$241,486	$49,312	$290,798
ROBERT MICHAEL HAYES	CEO/PRESIDENT	34.50	Officer	$467,454	$24,762	$492,216
CHRISTINE RUTKOSKI	VP OF DEVELOPMENT	35.00	Key Emp	$191,234	$44,500	$235,734
DOROTHY FARLEY	VP OF BEHAVIORAL HEALTH AND SOCIAL SERVICES	35.00	Key Emp	$221,678	$24,637	$246,315
LUIS FREDDY MOLANO	VP/ID & LGBTQ PROGRAMS	35.00	Key Emp	$211,068	$24,251	$235,319
MARLENE K SMOOT	VP OF CLINICAL OPERATIONS	35.00	Key Emp	$177,825	$42,436	$220,261
ALAN J WENGROFSKY	EXECUTIVE VICE PRESIDENT/CHIEF FINANCE OFFICER	34.50	Highest	$370,284	$54,502	$424,786
DANIEL LOUIS NAPOLITANO	CHIEF POPULATION HEALTH AND CARE MGT. OFFICER	35.00	Highest	$352,461	$55,392	$407,853
SINDHURA MANUBOLU	FAMILY MEDICINE RESIDENCY PROGRAM DIRECTOR	35.00	Highest	$266,807	$57,181	$323,988
TAISHA LASHON BENJAMIN	CHIEF MEDICAL OFFICER/CLINICIAN	35.00	Highest	$364,891	$45,756	$410,647

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	$90,776,526	$100,028,516	$175,160,726	$-9,251,990
2023	$80,819,649	$90,198,463	$154,481,387	$-9,378,814
2022	$113,813,091	$105,023,013	$152,371,209	$8,790,078
2021	$115,151,370	$109,880,628	$144,711,761	$5,270,742
2020	$109,995,395	$104,981,819	$116,375,376	$5,013,576
2019	$90,548,665	$97,127,473	$96,032,281	$-6,578,808
2018	$93,354,768	$93,702,546	$91,790,210	$-347,778

COMMUNITY HEALTHCARE NETWORK