THE HEALTH COLLABORATIVE

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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

1995

Legal Domicile

Principal Officer

MARIE RITTER

Phone

5136183600

Tax Period

2024-01-01 to 2024-12-31

THE HEALTH COLLABORATIVE, founded in 1995, is a community nonprofit in the Medical Research sector that reported $5.0M in total revenue in fiscal year 2024. Revenue fell 46% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $876K, a strong 17% operating margin.

Mission

TO LEAD DATA-DRIVEN IMPROVEMENT THAT RESULTS IN HEALTHIER PEOPLE, BETTER CARE, AND LOWER COSTS.

Program Service Accomplishments

Program 1

Expenses: $903,889

EMERGENCY PREPAREDNESS: THE HEALTH COLLABORATIVE IS ONE OF A GROUP OF MULTIDISCIPLINARY AGENCIES AND ORGANIZATIONS WORKING TO ENHANCE THE REGION'S ABILITY TO ACHIEVE EMERGENCY PREPAREDNESS...

EMERGENCY PREPAREDNESS: THE HEALTH COLLABORATIVE IS ONE OF A GROUP OF MULTIDISCIPLINARY AGENCIES AND ORGANIZATIONS WORKING TO ENHANCE THE REGION'S ABILITY TO ACHIEVE EMERGENCY PREPAREDNESS CAPABILITIES RECOMMENDED BY THE U.S. DEPARTMENT OF HEALTH AND HUMAN SERVICES AND THE OFFICE OF THE ASSISTANT SECRETARY FOR PREPAREDNESS AND RESPONSE (ASPR) THROUGH COLLABORATION IN PLANNING AND RESPONSE TO PREPARE FOR, RESPOND TO, AND RECOVER FROM DISASTERS, MASS CASUALTY INCIDENTS, PUBLIC HEALTH EMERGENCIES, OR OTHER CATASTROPHIC INCIDENTS REQUIRING A UNIFIED RESPONSE.

Program 2

Expenses: $776,758

WORKFORCE: EXPANDING ACCESS TO HEALTHCARE CAREERS AND CONVENING EMPLOYERS, EDUCATORS, STUDENTS, AND COMMUNITY COLLABORATORS TO ADDRESS THE HEALTHCARE WORKFORCE SHORTAGE.

Program 3

Expenses: $729,618

COMMUNITY HEALTH: THROUGH STRATEGIC COLLABORATION WITH MEMBERS AND PARTNERS, WORK TO ELIMINATE HEALTH DISPARITIES AND ACHIEVE EQUITABLE HEALTH OUTCOMES FOR ALL.

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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 $1,436,319

Program Service Revenue $3,390,427

Investment Income $210,239

Other Revenue $0

TOTAL REVENUE $5,036,985

Expense Breakdown

Grants Paid $0

Salaries & Benefits $2,727,655

Fundraising Expenses $91,389

Program Expenses $2,778,918

Other Expenses $1,433,222

TOTAL EXPENSES $4,160,877

Year-over-Year Comparison

	2024	2023	Change
Revenue	$5,036,985	$9,339,033	-0.5%
Expenses	$4,160,877	$9,319,056	-0.6%
Net Income	$876,108	$19,977	+42.9%

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

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

$1,063,894

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DEBBIE HAYES	CHAIR	0.20	Officer Director	$0	$0	$0
PAT REARDON	TREASURER	0.20	Officer Director	$0	$0	$0
STEPHEN DAVIS	BOARD MEMBER	0.20	Director	$0	$0	$0
IVY BAYER	BOARD MEMBER	0.20	Director	$0	$0	$0
CRAIG OSTERHUES	BOARD MEMBER	0.20	Director	$0	$0	$0
NEIL TILOW	BOARD MEMBER	0.20	Director	$0	$0	$0
BRIAN GWYN	BOARD MEMBER	0.20	Director	$0	$0	$0
MARK CLEMENT	BOARD MEMBER	0.20	Director	$0	$0	$0
MOIRA WEIR	BOARD MEMBER	0.20	Director	$0	$0	$0
CAITLIN CLIPP	BOARD MEMBER	0.20	Director	$0	$0	$0
CORY SHAW	BOARD MEMBER	0.20	Director	$0	$0	$0
BRUCE VAILLANCOURT	CIO & SVP INFORMATICS	0.00	Officer	$117,388	$0	$117,388
DEIRDRE BELUAN	CHIEF STRATEGY OFFICER	50.00	Officer	$228,392	$23,368	$251,760
NICCI WEBER	VP HUMAN RESOURCES & ADMIN	50.00	Officer	$131,421	$34,703	$166,124
TIFFANY MATTINGLY	VICE PRESIDENT CLINICAL ST	50.00	Officer	$163,471	$38,790	$202,261
MARIE RITTER	VICE PRESIDENT ACCOUNTING	40.00	Officer	$154,248	$19,979	$174,227
JILL COLLET-RIESTER	VP OPERATIONS, PROGRAMS & MEMBER SERVICES	50.00	Officer	$142,824	$9,310	$152,134
HOPE ARTHUR	EXECUTIVE DIRECTOR, WORKFORCE INNOVATIONS	50.00	Highest	$135,017	$9,449	$144,466
BRIAN KEGLEY	SENIOR MANAGER, BI/ANALYTICS	50.00	Highest	$107,313	$34,142	$141,455

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	$5,036,985	$4,160,877	$4,060,533	$876,108
2023	$9,339,033	$9,319,056	$3,535,083	$19,977
2022	$11,134,282	$11,916,918	$3,941,785	$-782,636
2021	$22,262,752	$21,335,990	$10,957,986	$926,762
2020	$17,370,303	$16,542,764	$10,380,814	$827,539
2019	$13,030,809	$12,780,506	$6,369,111	$250,303