FOUNDATION FOR COMMUNITY HEALTH 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

2003

Legal Domicile

Principal Officer

NANCY HEATON

Phone

8603645157

Tax Period

2024-01-01 to 2024-12-31

FOUNDATION FOR COMMUNITY HEALTH INC, founded in 2003, is a community nonprofit in the Health Care sector that reported $1.7M in total revenue in fiscal year 2024. Revenue surged 255% from the prior year, signaling strong growth momentum. Expenses of $1.9M exceeded revenue, resulting in a 14% operating deficit.

Mission

TO MAINTAIN AND IMPROVE THE PHYSICAL AND MENTAL HEALTH OF ALL RESIDENTS OF THE AREA HISTORICALLY SERVED BY SHARON HOSPITAL INC.

Program Service Accomplishments

Program 1

Expenses: $1,463,940

IMPROVE THE PHYSICAL AND MENTAL HEALTH OF ALL RESIDENTS OF THE AREA HISTORICALLY SERVED BY SHARON HOSPITAL.

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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 (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $0

Investment Income $1,656,155

Other Revenue $7

TOTAL REVENUE $1,656,162

Expense Breakdown

Grants Paid $860,163

Salaries & Benefits $607,725

Fundraising Expenses $0

Program Expenses $1,463,940

Other Expenses $417,406

TOTAL EXPENSES $1,885,294

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,656,162	$466,024	+2.6%
Expenses	$1,885,294	$1,691,861	+0.1%
Net Income	$-229,132	$-1,225,837	-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

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

$261,859

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CAROLINE SALAS	DIRECTOR	1.00	Director	$0	$0	$0
CEELY ACKERMAN	SECRETARY	2.00	Officer Director	$0	$0	$0
CHRISTIAN ALLYN	OUTGOING DIRECTOR	1.00	Director	$0	$0	$0
EDITH GREENWOOD	VICE CHAIR	1.00	Officer Director	$0	$0	$0
HILA RICHARDSON	DIRECTOR	1.00	Director	$0	$0	$0
JILL FIELDSTEIN	TREASURER	1.00	Officer Director	$0	$0	$0
JOHN CHARDE	OUTGOING DIRECTOR	1.00	Director	$0	$0	$0
KARREN GARRITY	OUTGOING DIRECTOR	1.00	Director	$0	$0	$0
KATTY BRENNAN	DIRECTOR	1.00	Director	$0	$0	$0
PETER HALLE	DIRECTOR	1.00	Director	$0	$0	$0
REV AJ STACK	CHAIR	1.00	Officer Director	$0	$0	$0
THOMAS QUINN	DIRECTOR	2.00	Director	$0	$0	$0
ZACH MCCLAIN	DIRECTOR	1.00	Director	$0	$0	$0
NANCY HEATON	CEO	40.00	Officer	$236,511	$25,348	$261,859
NATASHEA WINTERS	DIRECTOR OF PROGRAMS AND LEARNING	40.00	Highest	$112,537	$16,625	$129,162

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	$1,656,162	$1,885,294	$39,495,706	$-229,132
2023	$466,024	$1,691,861	$36,539,410	$-1,225,837
2022	$1,004,995	$1,725,342	$32,611,808	$-720,347
2021	$1,365,078	$1,707,803	$30,623,690	$-342,725
2020	$1,963,067	$1,637,007	$27,902,833	$326,060
2019	$1,700,616	$2,905,142	$25,882,208	$-1,204,526
2018	$1,243,803	$1,830,022	$23,589,960	$-586,219