HEALTH CARE IMPROVEMENT FOUNDATION (EIN 232152039) - 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

1980

Legal Domicile

Principal Officer

NATALIE LEVKOVICH

Phone

2152751850

Tax Period

2024-12-01 to 2025-11-25

HEALTH CARE IMPROVEMENT FOUNDATION, founded in 1980, is a micro nonprofit that reported $1K in total revenue in fiscal year 2025. Revenue fell 100% from the prior year — a significant decline worth monitoring. Expenses of $95K exceeded revenue, resulting in a 7851% operating deficit.

Mission

HCIF IS A NONPROFIT ORGANIZATION THAT DRIVES HIGH-VALUE HEALTH CARE THROUGH MULTI-STAKEHOLDER COLLABORATION AND INITIATIVES TO IMPROVE ACCESS TO, DELIVERY OF, AND EXPERIENCE OF CARE. HCIF DISSOLVED DURING FY25-26.

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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 (2025)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $0

Investment Income $1,111

Other Revenue $83

TOTAL REVENUE $1,194

Expense Breakdown

Grants Paid $84,794

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $84,794

Other Expenses $10,146

TOTAL EXPENSES $94,940

Year-over-Year Comparison

	2025	2024	Change
Revenue	$1,194	$2,126,221	-1.0%
Expenses	$94,940	$2,302,919	-1.0%
Net Income	$-93,746	$-176,698	-0.5%

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
MATTHEW HURFORD MD	VICE CHAIR	2.00	Officer Director	$0	$0	$0
NATALIE LEVKOVICH	CHAIR	2.00	Officer Director	$0	$0	$0
JOSH CLARK MHA	BOARD MEMBER	1.00	Director	$0	$0	$0
JOANNE CRAIG MS	BOARD MEMBER	1.00	Director	$0	$0	$0
KATHLEEN DONOHUE MBA	BOARD MEMBER	1.00	Director	$0	$0	$0
ALLISON HESS	BOARD MEMBER	1.00	Director	$0	$0	$0
ELAINE MARKEZIN MBA	BOARD MEMBER	1.00	Director	$0	$0	$0
SARA MCCULLOUGH	BOARD MEMBER	1.00	Director	$0	$0	$0
NAJJA ORR MBA DBA	BOARD MEMBER	1.00	Director	$0	$0	$0
JONATHAN STALLKAMP MD	BOARD MEMBER	1.00	Director	$0	$0	$0
NORMAN WEINSTEIN ESQ	BOARD MEMBER	12.00	Director	$0	$0	$0
DANIEL WOLFSON MHSA	TREASURER	1.00	Officer Director	$0	$0	$0
PATRICIA SULLIVAN PHD RN	BOARD MEMBER	1.00	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	$1,194	$94,940	No data	$-93,746
2025	$2,126,221	$2,302,919	$410,380	$-176,698
2024	$2,329,538	$2,340,436	$2,440,673	$-10,898
2023	$2,445,864	$2,739,814	$1,737,820	$-293,950
2022	$2,581,282	$2,489,309	$2,148,008	$91,973
2021	$2,108,042	$2,219,037	$1,656,268	$-110,995
2020	$2,362,214	$2,136,471	$1,323,641	$225,743
2019	$2,253,557	$2,222,887	$1,049,447	$30,670
2018	$2,055,060	$2,388,624	$968,716	$-333,564

HEALTH CARE IMPROVEMENT FOUNDATION