LA RED HEALTH CENTER 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

2001

Legal Domicile

Principal Officer

BRIAN S OLSON MBA

Phone

3028552020

Tax Period

2023-01-01 to 2023-12-31

LA RED HEALTH CENTER INC, founded in 2001, is a mid-sized nonprofit in the Health Care sector that reported $14.8M in total revenue in fiscal year 2023. Expenses of $14.2M left a modest 4% surplus.

Mission

PROVIDE HEALTH CARE SERVICES TO THE MEDICALLY UNDERSERVED, UNINSURED, AND UNDER INSURED RESIDENTS OF SUSSEX COUNTY OF DELAWARE.

Program Service Accomplishments

Program 1

Expenses: $12,280,173 Revenue: $5,730,314

THE ORGANIZATION PROVIDES HEALTH CARE SERVICES TO UNDERSERVED, UNDERINSURED AND UNINSURED RESIDENTS OF SUSSEX COUNTY OF DELAWARE.

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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 $8,957,440

Program Service Revenue $5,730,314

Investment Income $16,467

Other Revenue $115,567

TOTAL REVENUE $14,819,788

Expense Breakdown

Grants Paid $0

Salaries & Benefits $9,686,734

Fundraising Expenses $135,219

Program Expenses $12,280,173

Other Expenses $4,534,298

TOTAL EXPENSES $14,221,032

Year-over-Year Comparison

	2023	2022	Change
Revenue	$14,819,788	$14,819,788	N/A
Expenses	$14,221,032	$14,221,032	N/A
Net Income	$598,756	$598,756	N/A

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

190

Volunteers

N/A

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

$892,153

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
GEORGE WALKER	PRESIDENT	2.00	Officer Director	$0	$0	$0
TANYA HARRIS	VICE PRESIDE	2.00	Officer Director	$0	$0	$0
LISSETTE CABRERA-GALLOZA	TREASURER	2.00	Officer Director	$0	$0	$0
MICHAEL F MCGROERTY	SECRETARY	2.00	Officer Director	$0	$0	$0
VELMA NORWOOD	DIRECTOR	2.00	Director	$0	$0	$0
JUDY JOHNSON	DIRECTOR	2.00	Director	$0	$0	$0
BIANCA MOJICA	DIRECTOR	2.00	Director	$0	$0	$0
GERTHA JEAN	DIRECTOR	2.00	Director	$0	$0	$0
KATHLEEN RUSSELL	DIRECTOR	2.00	Director	$0	$0	$0
BRIAN S OLSON MBA	C.E.O	40.00	Officer	$158,777	$14,253	$173,030
FABRICIO ALARCON MD	C.M.O.	40.00	Officer	$222,324	$29,738	$252,062
ROSA RIVERA	C.O.O.	40.00	Officer	$109,809	$12,432	$122,241
CRISTINE STINTON DDS	C.D.O.	40.00	Officer	$211,228	$15,303	$226,531
BEATRICE CHIEMELU	C.F.O	40.00	Officer	$105,943	$12,346	$118,289
MARISEL M SANTIAGO-GONZALEZ	PHYSICIAN	40.00	Highest	$209,389	$15,255	$224,644
JAMES RUPP	PHYSICIAN	40.00	Highest	$215,949	$39,264	$255,213
ROLANDO GONZALEZ	PHYSICIAN	40.00	Highest	$248,163	$15,991	$264,154
MARIBEL WOODWARD	PHYSICIAN	40.00	Highest	$179,639	$13,814	$193,453
ANTHONY AGBOLA	PHYSICIAN	40.00	Highest	$192,820	$13,776	$206,596

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	No data	No data	No data	No data
2023	$14,819,788	$14,221,032	$19,251,760	$598,756
2022	$14,819,788	$14,221,032	$18,653,004	$598,756
2021	$15,852,497	$13,682,019	$15,629,778	$2,170,478
2020	$15,508,095	$12,609,329	$14,350,921	$2,898,766
2019	$12,948,623	$12,197,139	$10,679,641	$751,484
2018	$10,935,686	$10,583,075	$9,198,743	$352,611