HOWARD COMMUNITY HEALTHCARE FOUNDATION INC (EIN 134308061) - 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

2005

Legal Domicile

Principal Officer

DR WILLIAM BOWEN

Phone

7074590357

Tax Period

2023-01-01 to 2023-12-31

HOWARD COMMUNITY HEALTHCARE FOUNDATION INC, founded in 2005, is a small nonprofit in the Philanthropy & Grantmaking sector that reported $117K in total revenue in fiscal year 2023. Revenue surged 541% from the prior year, signaling strong growth momentum. The organization ran a surplus of $114K, a strong 97% operating margin.

Mission

TO SUPPORT THE FRANK R. HOWARD MEMORIAL HOSPITAL'S MISSION TO PROVIDE QUALITY HEALTHCARE.

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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 $105,475

Program Service Revenue $0

Investment Income $11,359

Other Revenue $0

TOTAL REVENUE $116,834

Expense Breakdown

Grants Paid $3,000

Salaries & Benefits $0

Fundraising Expenses $30

Program Expenses $3,000

Other Expenses $60

TOTAL EXPENSES $3,060

Year-over-Year Comparison

	2023	2022	Change
Revenue	$116,834	$18,220	+5.4%
Expenses	$3,060	$3,080	0.0%
Net Income	$113,774	$15,140	+6.5%

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

$118,086

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
WILLIAM BOWEN MD	PRESIDENT	1.00	Officer Director	$0	$0	$0
RICHARD WILLOUGHBY	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
JAMES KING	SECRETARY	1.00	Officer Director	$0	$0	$0
MARGIE HANDLEY	TREASURER	1.00	Officer Director	$0	$0	$0
ART HARWOOD	DIRECTOR	1.00	Director	$0	$0	$0
ARNIE MELLO	EXECUTIVE DIRECTOR	4.00	Officer	$0	$0	$118,086

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	$116,834	$3,060	$2,428,060	$113,774
2022	$18,220	$3,080	$2,314,286	$15,140
2021	$21,409	$32,560	$2,299,146	$-11,151
2020	$31,091	$50,162	$2,310,297	$-19,071
2019	$20,705	$9,060	$2,329,368	$11,645
2018	$33,032	$4,613	$2,317,723	$28,419

HOWARD COMMUNITY HEALTHCARE FOUNDATION INC