MHHC FOUNDATION INC (EIN 133276364) - 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

1985

Legal Domicile

Principal Officer

MARI G MILLET

Phone

7187164400

Tax Period

2024-07-01 to 2025-06-30

MHHC FOUNDATION INC, founded in 1985, is a community nonprofit that reported $1.6M in total revenue in fiscal year 2024. Revenue decreased 17% compared to the prior year. Expenses of $3.1M exceeded revenue, resulting in a 88% operating deficit.

Mission

THE FOUNDATION IS A CHARITABLE ORGANIZATION DEDICATED TO SUPPORTING THE MISSION OF THE MORRIS HEIGHTS HEALTH CENTER AND FUNDING INITIATIVES DESIGNED TO FOSTER GOOD HEALTH, SOCIAL EQUALITY, AND EDUCATIONAL OPPORTUNITY.

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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 $222,335

Program Service Revenue $0

Investment Income $1,266,988

Other Revenue $143,310

TOTAL REVENUE $1,632,633

Expense Breakdown

Grants Paid $2,540,841

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $2,675,938

Other Expenses $535,596

TOTAL EXPENSES $3,076,437

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,632,633	$1,967,654	-0.2%
Expenses	$3,076,437	$15,517,434	-0.8%
Net Income	$-1,443,804	$-13,549,780	-0.9%

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

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

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ANDRE VANTERPOOL	CHAIRPERSON	1.00	Officer Director	$0	$0	$0
MARI G MILLET	PRES./CEO & EX OFFICIO	1.00	Officer Director	$0	$0	$0
TED YU	TREASURER	1.00	Officer Director	$0	$0	$0
WANDA MATOS TAVERAS	BOARD MEMBER	1.00	Director	$0	$0	$0
ALAN BUCKNUM	BOARD MEMBER	1.00	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
2025	$1,632,633	$3,076,437	$62,570,078	$-1,443,804
2024	$1,967,654	$15,517,434	$62,595,781	$-13,549,780
2023	$2,291,585	$1,372,505	$74,280,167	$919,080
2022	$69,412,819	$631,329	$73,392,206	$68,781,490
2021	$327,187	$176,143	$4,601,148	$151,044
2020	$463,249	$322,245	$4,445,353	$141,004
2019	$406,619	$500,015	$4,504,263	$-93,396

MHHC FOUNDATION INC