TRAINING FOR HEALTH EQUITY NETWORK… - Form 990 Financial Data

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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

2008

Legal Domicile

Principal Officer

BJORG PALSDOTTIR

Phone

3473273113

Tax Period

2023-01-01 to 2023-12-31

TRAINING FOR HEALTH EQUITY NETWORK INC, founded in 2008, is a micro nonprofit in the International Affairs sector that reported $71K in total revenue in fiscal year 2023. Revenue fell 46% from the prior year — a significant decline worth monitoring. Expenses of $67K left a modest 6% surplus.

Mission

To strengthen the global health and medical assistance workforce, with particular focus on underserved communities.

Program Service Accomplishments

Program 1

Expenses: $66,600

To accomplish mission of strengthening the global health workforce with particular focus on underserved communities throughout the world. This includes travel, conferencing, seminars, and...

To accomplish mission of strengthening the global health workforce with particular focus on underserved communities throughout the world. This includes travel, conferencing, seminars, and strengthening education and awareness of health and medical related issues in impoverished ares. Areas the organization helped were schools and educational facilities in the Philippines, Asia, and Africa. Conferences were held throughout the world and were attended by this organization, including speaking at and attending World Health Organization and various other world health bodies.

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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 $70,960

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $70,960

Expense Breakdown

Grants Paid $0

Salaries & Benefits $42,151

Fundraising Expenses $0

Program Expenses $66,600

Other Expenses $24,449

TOTAL EXPENSES $66,600

Year-over-Year Comparison

	2023	2022	Change
Revenue	$70,960	$130,763	-0.5%
Expenses	$66,600	$169,486	-0.6%
Net Income	$4,360	$-38,723	-1.1%

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

Governance

Voting Members

Independent Members

Employees

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MARILYN A DELUCA	DIRECTOR	001.00	Director	$0	$0	$0
RICHARD DECKELBAUM	DIRECTOR	001.00	Director	$0	$0	$0
KATHY CAHILL	DIRECTOR	001.00	Director	$0	$0	$0
DR SHAFIK DHARAMSI	DIRECTOR	001.00	Director	$0	$0	$0
SHRIJANA SHRESTHA	DIRECTOR	001.00	Director	$0	$0	$0
AFAF MELEIS	DIRECTOR	001.00	Director	$0	$0	$0
ANDRE-JACQUES NEUSY	SENIOR DIRECTOR	001.00	Officer	$0	$0	$0
BJORG PALSDOTTIR	CHIEF EXEC OFFCR	020.00	Officer	$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
2023	$70,960	$66,600	$9,392	$4,360
2022	$130,763	$169,486	$3,820	$-38,723
2021	$220,787	$193,485	$41,794	$27,302
2020	$109,637	$103,879	$12,724	$5,758
2019	$55,792	$433,731	$31,966	$-377,939
2018	$386,353	$729,735	$409,905	$-343,382

TRAINING FOR HEALTH EQUITY NETWORK INC