FOUNDATION FOR COMMUNITY HEALTH INC

EIN: 200057897 501(c)(3) Health Care

SHARON, CT

Total Revenue
$1,656,162
Total Expenses
$1,885,294
Total Assets
$39,495,706
Net Assets
$39,212,714
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2003
Legal Domicile
CT
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.

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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%)

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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

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Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

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Governance

Voting Members
10
Independent Members
10
Employees
4
Volunteers
13

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
5
$261,859
Total Directors
13
$0
Key Employees
0
$0
Highest Compensated
1
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
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