HEALTHCARE ALTERNATIVE SYSTEMS INC (EIN 237432930) - 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

1974

Legal Domicile

Principal Officer

MILLIE ADAN

Phone

7732523100

Tax Period

2024-07-01 to 2025-06-30

HEALTHCARE ALTERNATIVE SYSTEMS INC, founded in 1974, is a mid-sized nonprofit in the Mental Health sector that reported $20.1M in total revenue in fiscal year 2024. Revenue grew 20% year-over-year, indicating healthy expansion. The organization ran a surplus of $3.8M, a strong 19% operating margin.

Mission

PROVIDES A CONTINUUM OF MULTICULTURAL AND BILINGUAL (ENGLISH/SPANISH) BEHAVIORAL CARE AND SOCIAL SERVICES THAT EMPOWER INDIVIDUALS,FAMILIES, AND COMMUNITIES.

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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 $18,663,558

Program Service Revenue $666,781

Investment Income $515,397

Other Revenue $222,362

TOTAL REVENUE $20,068,098

Expense Breakdown

Grants Paid $0

Salaries & Benefits $11,266,439

Fundraising Expenses $332,957

Program Expenses $12,397,275

Other Expenses $4,972,588

TOTAL EXPENSES $16,239,027

Year-over-Year Comparison

	2024	2023	Change
Revenue	$20,068,098	$16,726,394	+0.2%
Expenses	$16,239,027	$14,281,065	+0.1%
Net Income	$3,829,071	$2,445,329	+0.6%

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

226

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

$264,368

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ADNAN ASSAD	CHAIRMAN	4.00	Officer Director	$0	$0	$0
FELIX M GONZALEZ	DIRECTOR	4.00	Director	$0	$0	$0
SANDRA MALDONADO	CO-SECRETARY	4.00	Officer Director	$0	$0	$0
ROCHELLE SIMS	DIRECTOR	4.00	Director	$0	$0	$0
GLADYS AGUIRRE	DIRECTOR	4.00	Director	$0	$0	$0
JUAN HERNANDEZ	DIRECTOR	4.00	Director	$0	$0	$0
ANTONIO LUGO	DIRECTOR	4.00	Director	$0	$0	$0
AMJED HAMDAN	VICE-CHAIRMAN	4.00	Officer Director	$0	$0	$0
STEVE LOMBARDO	DIRECTOR	4.00	Director	$0	$0	$0
RICHIE MARRERO	SECRETARY	4.00	Officer Director	$0	$0	$0
GUADALUPE MARQUEZ	TREASURER	4.00	Officer Director	$0	$0	$0
MILLIE M ADAN	CEO	40.00	Officer	$264,368	$0	$264,368
THOMAS C HARTMANN	SENIOR VP/CCO	40.00	Highest	$188,672	$0	$188,672
NADINE DARWISH	VICE PRESIDENT OF ADVANCEMENT & STRATEGY	40.00	Highest	$111,100	$0	$111,100

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	$20,068,098	$16,239,027	$26,569,078	$3,829,071
2024	$16,726,394	$14,281,065	$22,100,476	$2,445,329
2023	$13,500,389	$10,827,177	$18,856,019	$2,673,212
2022	$11,866,235	$9,627,393	$16,325,006	$2,238,842
2021	$10,748,033	$8,602,324	$13,969,817	$2,145,709
2020	$7,687,478	$7,353,354	$12,760,481	$334,124
2019	$8,045,077	$7,286,958	$11,479,309	$758,119
2018	$7,671,482	$6,786,066	$10,686,897	$885,416

HEALTHCARE ALTERNATIVE SYSTEMS INC