HealthAlliance Foundation 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

1982

Legal Domicile

Phone

8459436084

Tax Period

2023-01-01 to 2023-12-31

HealthAlliance Foundation Inc, founded in 1982, is a small nonprofit in the Health Care sector that reported $263K in total revenue in fiscal year 2023. Revenue decreased 14% compared to the prior year. Expenses of $362K exceeded revenue, resulting in a 38% operating deficit.

Mission

TO BE A STRATEGIC & PROACTIVE FUNDRAISING ORGANIZATION THAT COMMUNICATES THE HEALTHALLIANCE HOSPITALS' GOALS TO FURTHER RAISE AWARENESS OF THE ESSENTIAL ROLE THEY PLAY IN THE COMMUNITIES SERVED WHILE FOSTERING GOODWILL IN THE AREA.

Program Service Accomplishments

Program 1

Expenses: $150,520 Revenue: $50,595

HEALTHALLIANCE FOUNDATION INC. USES THE PROCEEDS OF ITS FUNDRAISING AND INVESTMENT ACTIVITIES TO PROVIDE SUPPORT TO THE HEALTHALLIANCE HOSPITALS IN THE TREATMENT, THERAPY, EDUCATION AND HEALTH...

HEALTHALLIANCE FOUNDATION INC. USES THE PROCEEDS OF ITS FUNDRAISING AND INVESTMENT ACTIVITIES TO PROVIDE SUPPORT TO THE HEALTHALLIANCE HOSPITALS IN THE TREATMENT, THERAPY, EDUCATION AND HEALTH MAINTENANCE PROGRAMS. FURTHER, THE FOUNDATION'S MISSION IS TO PROVIDE AN ENDOWMENT TO ENSURE THE FUTURE VIABILITY OF HEALTHALLIANCE, 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%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $109,415

Program Service Revenue $0

Investment Income $27,730

Other Revenue $126,036

TOTAL REVENUE $263,181

Expense Breakdown

Grants Paid $31,843

Salaries & Benefits $51,015

Fundraising Expenses $186,882

Program Expenses $150,520

Other Expenses $279,531

TOTAL EXPENSES $362,389

Year-over-Year Comparison

	2023	2022	Change
Revenue	$263,181	$307,448	-0.1%
Expenses	$362,389	$170,150	+1.1%
Net Income	$-99,208	$137,298	-1.7%

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

N/A

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

$1,896,260

Total Directors

$2,416,555

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
N/A	CEO (EFFECTIVE JULY 2023) Ex Officio	1.0	Officer Director	$0	$80,777	$1,259,034
N/A	EXECUTIVE DIRECTOR/CMO/EX-OFFICIO TRUSTEE	1.0	Officer Director	$0	$8,814	$637,226
N/A	TRUSTEE	1.0	Director	$0	$0	$0
N/A	TRUSTEE (RESIGNED DECEMBER 2023)	1.0	Director	$0	$0	$0
N/A	TRUSTEE	1.0	Director	$0	$0	$0
N/A	TRUSTEE	1.0	Director	$0	$63,744	$520,295
N/A	TRUSTEE	1.0	Director	$0	$0	$0
N/A	TRUSTEE	1.0	Director	$0	$0	$0
N/A	TRUSTEE	1.0	Director	$0	$0	$0
N/A	TRUSTEE	1.0	Director	$0	$0	$0
N/A	SECRETARY	1.0	Director	$0	$0	$0
N/A	CHAIR	1.0	Director	$0	$0	$0
N/A	TRUSTEE	1.0	Director	$0	$0	$0
N/A	TREASURER	1.0	Director	$0	$0	$0
N/A	TRUSTEE	1.0	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
2024	No data	No data	No data	No data
2023	$263,181	$362,389	$2,525,449	$-99,208
2022	$307,448	$170,150	$2,423,349	$137,298
2021	$329,885	$308,552	$2,272,893	$21,333
2020	$391,289	$465,044	$2,070,686	$-73,755
2019	$732,830	$462,256	$1,852,064	$270,574
2018	$913,478	$968,093	$1,504,817	$-54,615