HEALTHY NEW ALBANY 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

2005

Legal Domicile

Principal Officer

ANGELA DOUGLAS

Phone

6143902733

Tax Period

2023-01-01 to 2023-12-31

HEALTHY NEW ALBANY INC, founded in 2005, is a community nonprofit in the Health Care sector that reported $1.1M in total revenue in fiscal year 2023. Expenses of $1.2M exceeded revenue, resulting in a 14% operating deficit.

Mission

TO CREATE A CULTURE OF HEALTH THAT CAN SERVE AS A MODEL FOR PROMOTING WELL-BEING IN CENTRAL OHIO COMMUNITIES AND BEYOND, AND TO ELIMINATE FOOD INSECURITY WITHIN THE NEW ALBANY - PLAIN LOCAL SCHOOL DISTRICT BY CONNECTING OUR NEIGHBORS IN NEED WITH FOOD AND OTHER CRITICAL RESOURCES.

Program Service Accomplishments

Program 1

Expenses: $902,475 Revenue: $522,831

HEALTHY NEW ALBANY IS A 501(C)(3) NON-PROFIT ORGANIZATION DEDICATED TO CREATING AND PROMOTING A CULTURE OF HEALTH FOR ALL MEMBERS OF OUR COMMUNITY. OUR VISION IS TO ENRICH THE WELL-BEING OF OUR...

HEALTHY NEW ALBANY IS A 501(C)(3) NON-PROFIT ORGANIZATION DEDICATED TO CREATING AND PROMOTING A CULTURE OF HEALTH FOR ALL MEMBERS OF OUR COMMUNITY. OUR VISION IS TO ENRICH THE WELL-BEING OF OUR COMMUNITY THROUGH HEALTH PROMOTION, EDUCATION, ENGAGEMENT, AND PARTNERSHIP. HEALTHY NEW ALBANY SERVICES LINES INCLUDE: THE NEW ALBANY FOOD PANTRY, FARMERS MARKET, COMMUNITY GARDEN, COMMUNITY HEALTH PROGRAMMING, AND COMMUNITY RACES INCLUDING OUR HALLMARK EVENT, THE NEW ALBANY WALKING CLASSIC, ENTERING ITS 20TH YEAR.

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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 $521,952

Program Service Revenue $522,831

Investment Income $0

Other Revenue $11,656

TOTAL REVENUE $1,056,439

Expense Breakdown

Grants Paid $0

Salaries & Benefits $474,783

Fundraising Expenses $68,052

Program Expenses $902,475

Other Expenses $734,030

TOTAL EXPENSES $1,208,813

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,056,439	$1,008,112	+0.0%
Expenses	$1,208,813	$1,150,456	+0.1%
Net Income	$-152,374	$-142,344	+0.1%

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

650

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

$60,000

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
LAURA WEDEKIND	BOARD TREASURER	0.50	Officer Director	$0	$0	$0
MIKE DURIK	BOARD SECRETARY	0.10	Officer Director	$0	$0	$0
PATTY MCCLIMON	BOARD CHAIRMAN	1.50	Officer Director	$0	$0	$0
ANDREW BOJKO	BOARD MEMBER	0.25	Director	$0	$0	$0
MICHAEL BENDER	BOARD MEMBER	0.25	Director	$0	$0	$0
KRISTINA REDGRAVE	BOARD MEMBER	0.25	Director	$0	$0	$0
CRAIG MORE	BOARD MEMBER	0.50	Director	$0	$0	$0
BRADLEY FISCHER	BOARD MEMBER	0.10	Director	$0	$0	$0
ANGELA DOUGLAS	EXECUTIVE DIRECTOR	35.00	Officer	$60,000	$0	$60,000

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	$1,056,439	$1,208,813	$3,417,104	$-152,374
2022	$1,008,112	$1,150,456	$3,270,258	$-142,344
2021	$911,463	$1,083,628	$3,742,138	$-172,165
2020	$844,361	$927,532	$3,645,334	$-83,171
2019	$789,659	$988,021	$3,388,503	$-198,362
2018	$597,882	$858,462	$3,173,179	$-260,580