MW HEALTHCARE INC

EIN: 270268085 501(c)(3) Human Services

NEW HAVEN, CT

Total Revenue
$2,872,640
Total Expenses
$4,492,515
Total Assets
$17,294,479
Net Assets
$17,294,479
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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
2009
Legal Domicile
CT
Principal Officer
DAVID V HUNTER
Phone
2035627222
Tax Period
2023-10-01 to 2024-09-30

MW HEALTHCARE INC, founded in 2009, is a community nonprofit in the Human Services sector that reported $2.9M in total revenue in fiscal year 2023. Revenue surged 36% from the prior year, signaling strong growth momentum. Expenses of $4.5M exceeded revenue, resulting in a 56% operating deficit.

Mission

MW HEALTHCARE, INC. PROVIDES MANAGEMENT SERVICES TO THE MARY WADE HOME, INC AND MARY WADE RESIDENCE, INC. AND HOLDS AND MANAGES THE ENDOWMENT ASSETS FOR THE BENEFIT OF THE MARY WADE HOME, INC.

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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 (2023)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $0
Investment Income $2,872,640
Other Revenue $0
TOTAL REVENUE $2,872,640

Expense Breakdown

Grants Paid $4,220,000
Salaries & Benefits $191,005
Fundraising Expenses $0
Program Expenses $4,419,418
Other Expenses $81,510
TOTAL EXPENSES $4,492,515

Year-over-Year Comparison

2023 2022 Change
Revenue $2,872,640 $2,109,418 +0.4%
Expenses $4,492,515 $3,604,698 +0.2%
Net Income $-1,619,875 $-1,495,280 +0.1%
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
16
Independent Members
16
Employees
N/A
Volunteers
16

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
8
$564,347
Total Directors
22
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JOANNE MCGLOIN CO-CHAIR 3.20
Officer Director
$0 $0 $0
BRUCE TOPOLOSKY CO-CHAIR 3.20
Officer Director
$0 $0 $0
MAJORIE FUNK SECRETARY 1.60
Officer Director
$0 $0 $0
JACQUELINE HENCHEL MD SECRETARY (UNTIL 8/24) 1.60
Officer Director
$0 $0 $0
BRANDON MCFARLANE TREASURER 1.60
Officer Director
$0 $0 $0
BARBARA C ADAMS BOARD OF TRUSTEES 0.60
Officer Director
$0 $0 $0
MARYBETH CANAVAN BOARD OF TRUSTEES (UNTIL 12/23) 0.60
Director
$0 $0 $0
BERNADETTE DIGIULIAN BOARD OF TRUSTEES 1.60
Director
$0 $0 $0
JOYCE DUPEE BOARD OF TRUSTEES 0.60
Director
$0 $0 $0
PATRICIA A GANUN BOARD OF TRUSTEES (UNTIL 12/23) 1.60
Director
$0 $0 $0
ALFRED J GOLDBERG BOARD OF TRUSTEES (UNTIL 12/23) 1.60
Director
$0 $0 $0
HOWARD HILL BOARD OF TRUSTEES 0.60
Director
$0 $0 $0
REV THOMAS JACKSON BOARD OF TRUSTEES 1.60
Director
$0 $0 $0
ROBERT KESSLER BOARD OF TRUSTEES 1.60
Director
$0 $0 $0
ANGELA MATTIE BOARD OF TRUSTEES 0.60
Director
$0 $0 $0
MICHAEL MORAND BOARD OF TRUSTEES (UNTIL 11/23) 0.60
Director
$0 $0 $0
NICHOLAS R NICHOLSON JR PHD BOARD OF TRUSTEES 0.60
Director
$0 $0 $0
ALEXANDER OVERKAMP BOARD OF TRUSTEES 0.60
Director
$0 $0 $0
MICHELLE LEE RODRIGUEZ BOARD OF TRUSTEES 0.60
Director
$0 $0 $0
HAROLD S SPITZER BOARD OF TRUSTEES (UNTIL 12/23) 1.60
Director
$0 $0 $0
PAMELA STANTON BOARD OF TRUSTEES 0.60
Director
$0 $0 $0
STEVE WOLFSON MD BOARD OF TRUSTEES 0.60
Director
$0 $0 $0
DAVID V HUNTER PRESIDENT & CEO 15.00
Officer
$124,834 $63,653 $375,737
WILLIAM GINTER CFO 9.00
Officer
$38,380 $35,091 $188,610
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
2024 $2,872,640 $4,492,515 $17,294,479 $-1,619,875
2023 $2,109,418 $3,604,698 $18,513,478 $-1,495,280
2022 $914,337 $2,739,934 $19,880,732 $-1,825,597
2021 $1,568,792 $687,872 $26,030,400 $880,920
2020 $1,050,155 $274,844 $22,602,725 $775,311
2019 $571,941 $265,695 $21,598,559 $306,246
2018 $1,480,682 $274,148 $21,583,312 $1,206,534
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