MEMORIAL HEALTH FUND (EIN 222546051) - 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

1984

Legal Domicile

Principal Officer

MICHELLE HOVIS

Phone

7178483733

Tax Period

2024-01-01 to 2024-12-31

MEMORIAL HEALTH FUND, founded in 1984, is a small nonprofit in the Health Care sector that reported $942K in total revenue in fiscal year 2024. Revenue decreased 8% compared to the prior year. Expenses of $1.4M exceeded revenue, resulting in a 46% operating deficit.

Mission

PROVIDING FUNDS TO SUPPORT THE HEALTHCARE NEEDS OF THE YORK COMMUNITY.

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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 $121,163

Program Service Revenue $0

Investment Income $820,359

Other Revenue $0

TOTAL REVENUE $941,522

Expense Breakdown

Grants Paid $1,213,427

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $1,375,909

Other Expenses $165,096

TOTAL EXPENSES $1,378,523

Year-over-Year Comparison

	2024	2023	Change
Revenue	$941,522	$1,028,983	-0.1%
Expenses	$1,378,523	$1,075,664	+0.3%
Net Income	$-437,001	$-46,681	+8.4%

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
MICHELLE HOVIS	CHAIR	0.50	Officer Director	$0	$0	$0
DR MICHAEL SPANGLER	VICE CHAIR	0.50	Officer Director	$0	$0	$0
DR EMMANUEL JOHN	TREASURER	0.50	Officer Director	$0	$0	$0
TINA HESS	DIRECTOR	0.50	Director	$0	$0	$0
DR TERRENCE WALKER	DIRECTOR	0.50	Director	$0	$0	$0
NANCY NEWTON	DIRECTOR	0.50	Director	$0	$0	$0
ANIKA JACKSON	DIRECTOR	0.50	Director	$0	$0	$0
ASHLEY KEEFER	DIRECTOR	0.50	Director	$0	$0	$0
CHAD MYERS	DIRECTOR	0.50	Director	$0	$0	$0
BRITTANY WALKER	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
2024	$941,522	$1,378,523	$23,926,132	$-437,001
2023	$1,028,983	$1,075,664	$23,246,568	$-46,681
2022	$510,767	$1,001,756	$21,437,986	$-490,989
2021	$965,199	$844,301	$25,164,267	$120,898
2020	$294,288	$748,867	$22,323,474	$-454,579
2019	$468,248	$1,647,632	$21,392,582	$-1,179,384
2018	$464,854	$394,977	$18,887,684	$69,877

MEMORIAL HEALTH FUND