HealthReach Community Clinic (EIN 201020941) - 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

2003

Legal Domicile

Principal Officer

Angela McMillan

Phone

7046631992

Tax Period

2024-07-01 to 2025-06-30

HealthReach Community Clinic, founded in 2003, is a community nonprofit in the Health Care sector that reported $1.8M in total revenue in fiscal year 2024. Revenue fell 33% from the prior year — a significant decline worth monitoring. Expenses of $2.2M exceeded revenue, resulting in a 21% operating deficit.

Mission

To provide free medical care and free medications to low-income, uninsured residents of Iredell County, NC.

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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 $1,628,824

Program Service Revenue $0

Investment Income $37,810

Other Revenue $147,613

TOTAL REVENUE $1,814,247

Expense Breakdown

Grants Paid $1,588,630

Salaries & Benefits $450,369

Fundraising Expenses $25,981

Program Expenses $2,116,943

Other Expenses $150,770

TOTAL EXPENSES $2,189,769

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,814,247	$2,693,054	-0.3%
Expenses	$2,189,769	$3,233,961	-0.3%
Net Income	$-375,522	$-540,907	-0.3%

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

$70,000

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Angela McMillan	Executive Dir.	40.00	Officer	$70,000	$0	$70,000
Miles Atkins	Chairman	3.00	Officer Director	$0	$0	$0
James Bullard	Treasurer	10.00	Officer Director	$0	$0	$0
Martha Michael	Director	3.00	Director	$0	$0	$0
Franklin Mock	Director	0.50	Director	$0	$0	$0
Kathryn Nusbaum	Secretary	2.00	Officer Director	$0	$0	$0
Tiffany Shelley	Director	0.50	Director	$0	$0	$0
Lisa Ragsdale	Director	0.50	Director	$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	$1,814,247	$2,189,769	$1,994,341	$-375,522
2024	$2,693,054	$3,233,961	$2,320,493	$-540,907
2023	$2,838,184	$2,697,544	$2,862,550	$140,640
2022	$2,142,001	$1,582,949	$1,247,999	$559,052
2021	$657,835	$528,635	$689,956	$129,200
2020	$664,685	$425,398	$555,621	$239,287

HealthReach Community Clinic