HEALTHWISE INCORPORATED

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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

1975

Legal Domicile

Principal Officer

CYDNI WALDNER

Phone

2083316907

Tax Period

2024-07-01 to 2025-06-30

HEALTHWISE INCORPORATED, founded in 1975, is a community nonprofit in the Health Care sector that reported $3.0M in total revenue in fiscal year 2024. Revenue fell 97% from the prior year — a significant decline worth monitoring. Expenses of $5.0M exceeded revenue, resulting in a 67% operating deficit.

Mission

THE HEALTHWISE MISSION IS TO HELP PEOPLE MAKE BETTER HEALTH DECISIONS.

Program Service Accomplishments

Program 1

THE ORGANIZATION'S MISSION CONTINUES TO BE TO HELP PEOPLE MAKE BETTER HEALTH DECISIONS. DURING THE YEAR, THE ORGANIZATION DID NOT OPERATE ACTIVE PROGRAM SERVICES FOLLOWING THE SALE OF ITS OPERATING ACTIVITIES. INSTEAD, THE ORGANIZATION FOCUSED ON STRATEGIC PLANNING TO DETERMINE HOW IT WILL MEET ITS MISSION GOING FORWARD.ACTIVITIES DURING THE YEAR INCLUDED BOARD- AND MANAGEMENT-LEVEL STRATEGIC DISCUSSIONS, ASSESSMENT OF POTENTIAL CHARITABLE ACTIVITIES, INCLUDING PARTNERSHIPS, GRANTMAKING, OR OTHER PROGRAMMATIC APPROACHES, AND EVALUATION OF OPPORTUNITIES TO SUPPORT IMPROVED HEALTH DECISION-MAKING THROUGH NON-OPERATIONAL MEANS. NO DIRECT PROGRAM SERVICE EXPENSES OR MEASURABLE SERVICE OUTPUTS WERE REPORTED DURING THE YEAR AS THE ORGANIZATION REMAINS IN A TRANSITIONAL AND PLANNING PHASE.

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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 $0

Program Service Revenue $0

Investment Income $1,730,132

Other Revenue $1,270,729

TOTAL REVENUE $3,000,861

Expense Breakdown

Grants Paid $0

Salaries & Benefits $2,999,475

Fundraising Expenses $0

Other Expenses $1,998,407

TOTAL EXPENSES $4,997,882

Year-over-Year Comparison

	2024	2023	Change
Revenue	$3,000,861	$112,158,198	-1.0%
Expenses	$4,997,882	$61,206,033	-0.9%
Net Income	$-1,997,021	$50,952,165	-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

304

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

$2,557,247

Total Directors

$1,557,238

Key Employees

$3,600,621

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ADAM HUSNEY MD	CHAIR OF THE BOARD	50.00	Officer Director	$1,502,721	$23,917	$1,526,638
EVELYN HO	VICE CHAIR OF THE BOARD	2.00	Officer Director	$4,225	$0	$4,225
MARGARET O'KANE	DIRECTOR	2.00	Director	$0	$0	$0
JAMIE COOPER	DIRECTOR	2.00	Director	$3,575	$0	$3,575
WANDA K NICHOLSON MD	DIRECTOR	2.00	Director	$0	$0	$0
JAMES R BELL	DIRECTOR	2.00	Director	$6,075	$0	$6,075
RICHARD SKINNER	DIRECTOR	2.00	Director	$6,075	$0	$6,075
SONIKA MATHUR	DIRECTOR	2.00	Director	$5,075	$0	$5,075
MELINDA DUTTON	DIRECTOR	2.00	Director	$0	$0	$0
A JAMES BALKINS III	DIRECTOR	2.00	Director	$5,575	$0	$5,575
CYDNI WALDNER	INTERIM CEO AND PRESIDENT	50.00	Officer	$353,014	$27,200	$380,214
ELIZABETH BEEM	CHIEF FINANCIAL OFFICER &	50.00	Officer	$611,438	$34,732	$646,170
CHRISTINE CALHOUN	CHIEF CONTENT OFFICER	50.00	Key Emp	$539,224	$35,195	$574,419
DAVID MINK	CHIEF CLIENT OFFICER	50.00	Key Emp	$704,924	$34,062	$738,986
KATRINA MCDANIEL	CHIEF HUMAN RESOURCES OFFI	50.00	Key Emp	$620,677	$27,248	$647,925
ALYSON ERWIN	CHIEF PRODUCT OFFICER	50.00	Key Emp	$607,492	$4,859	$612,351
JUDITH MARSH	VP OF STRATEGY	50.00	Key Emp	$461,545	$34,860	$496,405
THANE PRICE	VP OF TECHNOLOGY	50.00	Key Emp	$517,970	$12,565	$530,535
JAMES WATKINS	VP OF SALES	50.00	Highest	$485,215	$16,519	$501,734
BRIGID RUNYON	ACCOUNT EXECUTIVE	50.00	Highest	$294,768	$16,393	$311,161
HEATHER QUINN	SENIOR MEDICAL DIRECTOR	50.00	Highest	$194,234	$32,065	$226,299
MATTHIAS BERTHER	VP OF PRIVACY & SECURITY	50.00	Highest	$484,743	$5,134	$489,877

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	$3,000,861	$4,997,882	$114,005,825	$-1,997,021
2024	$110,321,007	$61,206,033	$116,608,996	$49,114,974
2023	$53,070,948	$54,646,835	$69,780,909	$-1,575,887
2022	$44,621,014	$48,458,648	$71,816,713	$-3,837,634
2021	$55,170,768	$43,178,065	$73,336,056	$11,992,703
2020	$49,680,064	$42,152,135	$62,696,481	$7,527,929
2019	$48,338,530	$41,966,944	$47,124,106	$6,371,586
2018	$45,019,511	$39,810,576	$39,754,805	$5,208,935