INDEPENDENT HEALTH FOUNDATION (EIN 161417199) - Form 990 Financial Analysis & Trantor Score

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Tuckman-Chang Vulnerability Assessment

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1992

Legal Domicile

Principal Officer

MICHAEL W CROPP MD

Phone

7166313001

Tax Period

2023-01-01 to 2023-12-31

INDEPENDENT HEALTH FOUNDATION is a 501(c)(3) with EIN 161417199, based in BUFFALO, NY. Founded in 1992, the organization files IRS Form 990 and reported its most recent data for fiscal year 2023. In that period, it reported $3,242,982 in total revenue and $3,133,258 in total expenses, with net assets of $1,805,467.

Mission

TO IMPROVE THE HEALTH AND WELL BEING OF WESTERN NEW YORK RESIDENTS THROUGH AWARENESS, PREVENTION, WELLNESS, AND OTHER EDUCATION PROGRAMS FOCUSED ON COMMUNITY HEALTH PRIORITIES.

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Trantor Score

Financial Health & Payment Capacity Assessment (FICO Scale: 300–850)

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $3,125,911

Program Service Revenue $56,489

Investment Income $60,582

Other Revenue $0

TOTAL REVENUE $3,242,982

Expense Breakdown

Grants Paid $134,852

Salaries & Benefits $1,739,040

Fundraising Expenses $65,198

Program Expenses $2,871,165

Other Expenses $1,259,366

TOTAL EXPENSES $3,133,258

Year-over-Year Comparison

	2023	2022	Change
Revenue	$3,242,982	$438,725	+6.4%
Expenses	$3,133,258	$2,848,807	+0.1%
Net Income	$109,724	$-2,410,082	-1.0%

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

101

Volunteers

173

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

$4,768,613

Total Directors

$5,783,364

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MICHAEL W CROPP MD	PRESIDENT	2.00	Officer Director	$0	$640,981	$2,596,251
JOHN REID RODGERS	VICE CHAIRPERSON (BEG 04/23)	2.00	Officer Director	$0	$455,333	$1,444,261
PATRICIA C CLABEAUX	BOARD MEMBER	2.00	Director	$0	$241,218	$853,095
ROBERTA D RIFKIN	BOARD MEMBER (END 03/23)	2.00	Director	$0	$172,967	$630,460
KAREN BRIM	TREASURER	2.00	Officer Director	$0	$62,930	$212,386
YVONNE S MINOR-RAGAN PHD	BOARD MEMBER	2.00	Director	$0	$411	$46,911
ANN MCCARTHY	SECRETARY	2.00	Officer Director	$0	$0	$0
JOHN ANTKOWIAK MD	BOARD MEMBER	2.00	Director	$0	$0	$0
STUART H ANGERT	CHAIRPERSON	5.00	Officer Director	$0	$0	$0
CASMIRO RODRIQUEZ SR	BOARD MEMBER	2.00	Director	$0	$0	$0
MAGGIE NICHOLS	BOARD MEMBER	2.00	Director	$0	$0	$0
OSWALDO MESTRE JR	BOARD MEMBER	2.00	Director	$0	$0	$0
PASTOR RICHARD D HAGUE JR	BOARD MEMBER	2.00	Director	$0	$0	$0
STEPHEN TUCKER MBA	BOARD MEMBER	2.00	Director	$0	$0	$0
TANYA STAPLES	BOARD MEMBER	2.00	Director	$0	$0	$0
JOHN N WALSH III	BOARD MEMBER	2.00	Director	$0	$0	$0
STEVEN TIMMEL	DIR. OF FINANCE	2.00	Officer	$0	$40,901	$264,134
CARRIE MEYER	EXECUTIVE DIRECTOR	31.00	Officer	$192,616	$58,965	$251,581
APRIL GAMPP	DIRECTOR OF OPERATIONS, IHF	31.00	Highest	$110,367	$34,410	$144,777

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	$3,242,982	$3,133,258	$2,208,933	$109,724
2022	$438,725	$2,848,807	$2,051,238	$-2,410,082
2021	$3,193,474	$2,698,834	$4,775,300	$494,640
2020	$2,671,822	$2,424,066	$3,966,615	$247,756
2019	$2,759,504	$2,252,538	$3,495,740	$506,966
2018	$2,190,546	$1,939,664	$2,836,157	$250,882

INDEPENDENT HEALTH FOUNDATION