HEALTHCARE INDUSTRY GRANT CORPORATION (EIN 134197609) - 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

2002

Legal Domicile

Principal Officer

MERCEDES MAMBRU

Phone

6464736656

Tax Period

2023-01-01 to 2023-12-31

HEALTHCARE INDUSTRY GRANT CORPORATION, founded in 2002, is a community nonprofit in the Education sector that reported $1.0M in total revenue in fiscal year 2023. Revenue surged 129% from the prior year, signaling strong growth momentum.

Mission

HEALTHCARE INDUSTRY GRANT CORPORATION DEVELOPS EDUCATIONAL AND TRAINING GRANT OPPORTUNITIES TO IMPROVE WORKING CONDITIONS AND FOSTER ECONOMIC DEVELOPMENT IN THE HEALTH CARE INDUSTRY.

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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 $1,022,638

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $1,022,638

Expense Breakdown

Grants Paid $0

Salaries & Benefits $432,994

Fundraising Expenses $0

Program Expenses $1,022,638

Other Expenses $638,099

TOTAL EXPENSES $1,071,093

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,022,638	$446,959	+1.3%
Expenses	$1,071,093	$492,464	+1.2%
Net Income	$-48,455	$-45,505	+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

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

$516,029

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
GEORGE GRESHAM	DIRECTOR	1.00	Director	$0	$0	$0
MARC LEFF	DIRECTOR	1.00	Director	$0	$0	$0
JOYCE NEIL	DIRECTOR	1.00	Director	$0	$0	$0
VERONICA TURNER	DIRECTOR	1.00	Director	$0	$0	$0
BARBARA LOGAN	DIRECTOR	1.00	Director	$0	$0	$0
MARC KRAMER	DIRECTOR	1.00	Director	$0	$0	$0
DAVID BRODSKY	DIRECTOR	1.00	Director	$0	$0	$0
JEFFERY COHEN	DIRECTOR	1.00	Director	$0	$0	$0
ROBERT L OLIVER	DIRECTOR	1.00	Director	$0	$0	$0
JACQUELINE ALLEYNE	DIRECTOR	1.00	Director	$0	$0	$0
JANICE REYES-TUTIVEN	DIRECTOR	1.00	Director	$0	$0	$0
LUCY CHEN	DIRECTOR	1.00	Director	$0	$0	$0
SEAN MOORE	DIRECTOR	1.00	Director	$0	$0	$0
AARON KRANICH	DIRECTOR	1.00	Director	$0	$0	$0
MICHELLE FLOURNOY	DIRECTOR	1.00	Director	$0	$0	$0
BRIAN MORSE	DIRECTOR	1.00	Director	$0	$0	$0
MERCEDES MAMBRU	CFO	1.00	Officer	$0	$200,480	$516,029
DANIEL BUSTILLO	DIRECTOR	0.00		$0	$85,121	$252,156
SANDI VITO	EXECUTIVE DIRECTOR	1.00		$0	$163,978	$504,304

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	No data	No data	No data	No data
2023	$1,022,638	$1,071,093	$5,999,095	$-48,455
2022	$446,959	$492,464	$4,381,145	$-45,505
2021	$5,016,357	$4,972,401	$5,654,923	$43,956
2020	$27,342,497	$27,342,497	$15,607,927	No data
2019	$27,999,093	$35,233,919	$26,927,358	$-7,234,826
2018	$36,277,871	$17,252,925	$31,725,569	$19,024,946

HEALTHCARE INDUSTRY GRANT CORPORATION