CHARITABLE HEALTHCARE NETWORK INC (EIN 223769296) - 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

2002

Legal Domicile

Principal Officer

JASON KOMA

Phone

6149146458

Tax Period

2023-01-01 to 2023-12-31

CHARITABLE HEALTHCARE NETWORK INC, founded in 2002, is a community nonprofit in the Health Care sector that reported $2.7M in total revenue in fiscal year 2023. Revenue fell 68% from the prior year — a significant decline worth monitoring. Expenses of $2.6M left a modest 5% surplus.

Mission

TO STRENGTHEN AND ENSURE HIGH-QUALITY HEALTH CARE FOR PEOPLE WHO ARE VULNERABLE

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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 $2,443,889

Program Service Revenue $30,783

Investment Income $215,901

Other Revenue $958

TOTAL REVENUE $2,691,531

Expense Breakdown

Grants Paid $1,741,554

Salaries & Benefits $614,898

Fundraising Expenses $9,355

Program Expenses $2,215,704

Other Expenses $209,196

TOTAL EXPENSES $2,565,648

Year-over-Year Comparison

	2023	2022	Change
Revenue	$2,691,531	$8,288,395	-0.7%
Expenses	$2,565,648	$1,569,536	+0.6%
Net Income	$125,883	$6,718,859	-1.0%

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

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

$158,842

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ISI GREEN	PRESIDENT	5.00	Officer Director	$0	$0	$0
JIM BENNEDICT	VICE PRESIDENT - THROUGH 5/23	5.00	Officer Director	$0	$0	$0
PAUL BAUMGARTNER	VICE CHAIR	5.00	Officer Director	$0	$0	$0
JOEL KESSEL	TREASURER	5.00	Officer Director	$0	$0	$0
CAROLE MERCKLE	SECRETARY	5.00	Officer Director	$0	$0	$0
CAPRI CAFARO	DIRECTOR	5.00	Director	$0	$0	$0
JOSH CERNETIC	DIRECTOR	5.00	Director	$0	$0	$0
RUSTY CURINGTON	DIRECTOR	5.00	Director	$0	$0	$0
JAIME PARSONS	DIRECTOR - THROUGH 5/23	5.00	Director	$0	$0	$0
BRANDON CHAPMAN	DIRECTOR - THROUGH 5/23	5.00	Director	$0	$0	$0
SUE MEYER	DIRECTOR	5.00	Director	$0	$0	$0
LINDA SMITH BERRY	DIRECTOR	5.00	Director	$0	$0	$0
ANDY PRIDAY	DIRECTOR	5.00	Director	$0	$0	$0
DENISE LUCAS	DIRECTOR	5.00	Director	$0	$0	$0
SUMMIT SHAH	DIRECTOR	5.00	Director	$0	$0	$0
ROB COOPER	DIRECTOR - THROUGH 5/23	5.00	Director	$0	$0	$0
JASON KOMA	EXECUTIVE DIRECTOR	40.00	Officer	$145,727	$13,115	$158,842

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	$2,691,531	$2,565,648	$7,992,570	$125,883
2022	$8,288,395	$1,569,536	$7,057,421	$6,718,859
2021	$1,218,819	$1,290,428	$419,675	$-71,609
2020	$1,916,480	$1,806,998	$790,360	$109,482
2019	$834,031	$781,946	$573,173	$52,085

CHARITABLE HEALTHCARE NETWORK INC