NORTHERN AREA HEALTH EDUCATION CENTER INC (EIN 161605584) - 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

2000

Legal Domicile

Principal Officer

RICHARD K MERCHANT

Phone

3153797701

Tax Period

2023-10-01 to 2024-09-30

NORTHERN AREA HEALTH EDUCATION CENTER INC, founded in 2000, is a small nonprofit in the Health Care sector that reported $415K in total revenue in fiscal year 2023. Revenue grew 12% year-over-year, indicating healthy expansion.

Mission

TO ESTABLISH, RETAIN, AND IMPROVE HEALTH AND HEALTH CARE PROGRAMS IN UNDERSERVED RURAL AREAS IN NORTHERN NEW YORK AND RECRUIT RURAL, MINORITY, AND DISADVANTAGED STUDENTS TO THE HEALTH CARE PROFESSION.

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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 $394,679

Program Service Revenue $19,220

Investment Income $285

Other Revenue $414

TOTAL REVENUE $414,598

Expense Breakdown

Grants Paid $11,600

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $298,666

Other Expenses $409,802

TOTAL EXPENSES $421,402

Year-over-Year Comparison

	2023	2022	Change
Revenue	$414,598	$370,184	+0.1%
Expenses	$421,402	$411,031	+0.0%
Net Income	$-6,804	$-40,847	-0.8%

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
GERALD R CAYER	CHAIR	1.00	Officer Director	$0	$0	$0
JOE KEEGAN	VICE CHAIR	1.00	Officer Director	$0	$0	$0
RODNEY BOULA	TREASURER	1.00	Officer Director	$0	$0	$0
PAUL DINGMAN	SECRETARY	1.00	Officer Director	$0	$0	$0
KASSANDRA BEAUREGARD	DIRECTOR	1.00	Director	$0	$0	$0
KATHERINE L BEISSNER	DIRECTOR	1.00	Director	$0	$0	$0
DAVID BENDER	DIRECTOR	1.00	Director	$0	$0	$0
JAMES D BUTTON	DIRECTOR	1.00	Director	$0	$0	$0
RICHARD A DUVALL	DIRECTOR	1.00	Director	$0	$0	$0
LENNART D JOHNS	DIRECTOR	1.00	Director	$0	$0	$0
MICHAEL L RULFFES	DIRECTOR	1.00	Director	$0	$0	$0
RICHARD K MERCHANT	CHIEF EXECUTIVE OFFICER	1.00	Officer	$0	$0	$0
CHRISTINA DELORENZO	CHIEF FINANCIAL OFFICER	1.00	Officer	$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	No data	No data	No data	No data
2024	$414,598	$421,402	$377,004	$-6,804
2023	$370,184	$411,031	$395,182	$-40,847
2022	$417,065	$384,961	$447,444	$32,104
2021	$163,674	$232,626	$398,311	$-68,952
2020	$485,588	$464,579	$475,160	$21,009
2019	$491,915	$445,695	$473,749	$46,220
2018	$477,783	$438,706	$415,163	$39,077

NORTHERN AREA HEALTH EDUCATION CENTER INC