THE TANGIER ISLAND HEALTH FOUNDATION (EIN 205809385) - Form 990 Financial Analysis & Trantor Score

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Tuckman-Chang Vulnerability Assessment

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

2006

Legal Domicile

Principal Officer

DAVID NICHOLS

Phone

8044386600

Tax Period

2023-07-01 to 2024-06-30

THE TANGIER ISLAND HEALTH FOUNDATION, founded in 2006, is a micro nonprofit in the Health Care sector that reported $24K in total revenue in fiscal year 2018. Revenue surged 171% from the prior year, signaling strong growth momentum. Expenses of $70K exceeded revenue, resulting in a 188% operating deficit.

Mission

THE TANGIER ISLAND HEALTH FOUNDATION IS A NON-PROFIT, COMMUNITY-BASED ORGANIZATION COMMITTED TO BRINGING MODERN MEDICINE TO THE PEOPLE OF TANGIER ISLAND.

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Trantor Score

Financial Health & Payment Capacity Assessment (FICO Scale: 300–850)

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $1,990

Program Service Revenue $0

Investment Income $22,872

Other Revenue $0

TOTAL REVENUE $24,862

Expense Breakdown

Grants Paid $20,000

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $55,412

Other Expenses $38,494

TOTAL EXPENSES $58,494

Year-over-Year Comparison

	2023	2022	Change
Revenue	$24,862	$15,464	+0.6%
Expenses	$58,494	$66,296	-0.1%
Net Income	$-33,632	$-50,832	-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

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
HAMILTON BRICE	DIRECTOR	2.00	Director	$0	$0	$0
NICK CHUQUIN	DIRECTOR	2.00	Director	$0	$0	$0
WILLIAM B HUBBARD ESP	SECRETARY	2.00	Officer Director	$0	$0	$0
BETTINA HAGEN	ADMINISTRATO	2.00	Director	$0	$0	$0
DAVID JONES	DIRECTOR	2.00	Director	$0	$0	$0
JAMES N CARTER JR	VP/TREAS.	2.00	Officer Director	$0	$0	$0
E CARLTON WILTON JR	DIRECTOR	2.00	Director	$0	$0	$0
DAVID NICHOLS	PRESIDENT	2.00	Officer Director	$0	$0	$0
INEZ PRUITT PA-C	DIRECTOR	2.00	Director	$0	$0	$0
IRIS TREAKLE	DIRECTOR	2.00	Director	$0	$0	$0
WILLIAM WESTBROOK	DIRECTOR	2.00	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	No data	No data	No data	No data
2024	$24,862	$58,494	$912,282	$-33,632
2023	$15,464	$66,296	$902,156	$-50,832
2022	$16,622	$52,721	$916,737	$-36,099
2021	$41,331	$66,456	$1,018,453	$-25,125
2020	$-11,741	$54,473	$940,092	$-66,214
2019	$24,216	$69,856	$976,176	$-45,640

THE TANGIER ISLAND HEALTH FOUNDATION