ECHN COMMUNITY HEALTHCARE FOUNDATI… - Form 990 Financial Data

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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

ROBERT A SCHWARTZ MD

Phone

8606461222

Tax Period

2023-10-01 to 2024-09-30

Mission

TO PROMOTE AND ENGAGE PHILANTHROPIC SUPPORT FOR ECHN AND AFFILIATES FOR THE HEALTH AND WELLNESS OF OUR COMMUNITY.

Program Service Accomplishments

Program 1

EFFECTIVE OCTOBER 1, 2016 ECHF IS SUPPORTING LEGACY ECHN, INC., WHICH IS HANDLING THE WIND-DOWN OF ACTIVITIES OF EASTERN CONNECTICUT HEALTH NETWORK THAT RELATE TO THE PERIOD PRIOR TO OCTOBER 1, 2016. THOSE ACTIVITIES OF LEGACY ECHN INCLUDE FINANCIAL REPORTING, TAX RETURN PREPARATION, PAYING OF OUTSTANDING BILLS AND COLLECTION OF ANY MONIES OWED TO LEGACY ECHN. DONATIONS MADE TO ECHF ARE ONLY ACCEPTED IF THEY CAN BE USED TO SUPPORT THE WIND-DOWN ACTIVITIES OF LEGACY ECHN, 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 $0

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $0

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $0

TOTAL EXPENSES $0

Year-over-Year Comparison

	2023	2022	Change
Revenue	N/A	$72,277	-1.0%
Expenses	N/A	$961	-1.0%
Net Income	N/A	$71,316	N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ROBERT SCHWARTZ MD	PRESIDENT	1.00	Officer Director	$0	$0	$0
THOMAS F SCANLON	TREASURER	1.00	Officer Director	$0	$0	$0
MICHAEL R BLEZARD	SECRETARY	1.00	Officer 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	$6,401,780	No data
2023	$72,277	$961	$6,401,781	$71,316
2022	$116,711	$2,610	$6,368,913	$114,101
2021	$115,121	No data	$6,336,596	No data
2020	$200,357	No data	$6,333,112	No data
2019	$119,932	No data	$6,212,194	No data
2018	$99,400	No data	$6,061,950	No data

ECHN COMMUNITY HEALTHCARE FOUNDATION INC