HEALTHCORPS INC

EIN: 261269358 501(c)(3) Medical Research

NEW YORK, NY

Total Revenue
$4,969,810
Total Expenses
$4,763,941
Total Assets
$5,025,188
Net Assets
$4,417,082
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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
2007
Legal Domicile
NY
Principal Officer
AMY BRAUN
Phone
2127422875
Tax Period
2024-07-01 to 2025-06-30

HEALTHCORPS INC, founded in 2007, is a community nonprofit in the Medical Research sector that reported $5.0M in total revenue in fiscal year 2024. Revenue surged 51% from the prior year, signaling strong growth momentum. Expenses of $4.8M left a modest 4% surplus.

Mission

HEALTHCORPS IS A 501(C)(3) ORG. THAT EMPOWERS STUDENTS TO BECOME HEALTH AGENTS OF CHANGE.

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $1,533,292
Program Service Revenue $3,363,589
Investment Income $155,266
Other Revenue $-82,337
TOTAL REVENUE $4,969,810

Expense Breakdown

Grants Paid $250,000
Salaries & Benefits $3,018,280
Fundraising Expenses $84,817
Program Expenses $4,231,840
Other Expenses $1,495,661
TOTAL EXPENSES $4,763,941

Year-over-Year Comparison

2024 2023 Change
Revenue $4,969,810 $3,290,978 +0.5%
Expenses $4,763,941 $3,262,164 +0.5%
Net Income $205,869 $28,814 +6.1%
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

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Governance

Voting Members
11
Independent Members
11
Employees
65
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
5
$600,887
Total Directors
12
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
DR PEDRAM SALIMPOUR CHAIRMAN 0.10
Officer Director
$0 $0 $0
ALEXANDER C MARKOWITZ TREASURER 0.10
Officer Director
$0 $0 $0
RANNDY KELLOGG BOARD MEMBER 0.10
Director
$0 $0 $0
KRISTIN THOMAS BOARD MEMBER 0.10
Director
$0 $0 $0
SIFU KARL ROMAIN BOARD MEMBER 0.10
Director
$0 $0 $0
LINDY SNIDER BOARD MEMBER 0.10
Director
$0 $0 $0
DAVE WENTZ BOARD MEMBER 0.10
Director
$0 $0 $0
DR RODNEY TAYLOR BOARD MEMBER 0.10
Director
$0 $0 $0
LINDA ZATLIN BOARD MEMBER 0.10
Director
$0 $0 $0
BARRY BAKER BOARD MEMBER 0.10
Director
$0 $0 $0
PAM KEHALY BOARD MEMBER 0.10
Director
$0 $0 $0
DR MEHMET OZ BOARD MEMBER (FORMER) 0.10
Director
$0 $0 $0
AMY BRAUN PRESIDENT 40.00
Officer
$263,540 $0 $263,540
MICHELLE MARQUEZ CHIEF OPERATING OFFICER 40.00
Officer
$176,321 $0 $176,321
SARAH MARTIN VP, HEAD OF PROGRAMS & EVA 40.00
Officer
$161,026 $0 $161,026
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 $4,969,810 $4,763,941 $5,025,188 $205,869
2024 $3,290,978 $3,262,164 $4,444,666 $28,814
2023 $2,635,850 $2,769,847 $4,367,628 $-133,997
2022 $3,256,803 $2,906,613 $4,536,246 $350,190
2021 $4,849,417 $3,884,254 $4,691,358 $965,163
2020 $6,499,894 $6,236,818 $3,586,634 $263,076
2019 $3,895,877 $3,453,539 $3,474,996 $442,338
2018 $3,555,004 $3,215,720 $2,599,787 $339,284
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