HealthSpan Integrated Care (EIN 340922268) - Form 990 Financial Analysis & Trantor Score

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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

1978

Legal Domicile

Phone

5139524999

Tax Period

2024-01-01 to 2024-12-31

HealthSpan Integrated Care, founded in 1978, is a micro nonprofit in the Health Care sector that reported $15K in total revenue in fiscal year 2024. Expenses of $140K exceeded revenue, resulting in a 855% operating deficit.

Mission

To provide high-quality, affordable health care services to improve the health of our members and the communities we serve.

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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 $14,676

Other Revenue $0

TOTAL REVENUE $14,676

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $99,131

Other Expenses $140,083

TOTAL EXPENSES $140,083

Year-over-Year Comparison

	2024	2023	Change
Revenue	$14,676	$14,274	+0.0%
Expenses	$140,083	$127,839	+0.1%
Net Income	$-125,407	$-113,565	+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

Governance

Voting Members

Independent Members

N/A

Employees

N/A

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

$1,269,537

Total Directors

$2,114,570

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Dorothy Carlson	Director Regulatory Accounting & Assistant Controller Healthspan, Treasurer	2.0	Officer Director	$0	$16,748	$206,402
JEFFREY COPELAND	President & CEO, Board Chair	2.0	Officer Director	$0	$40,789	$1,063,135
ALLAN CALONGE	Board Member, BSMH Chief People Officer - Core Operations	1.0	Director	$0	$141,771	$845,033

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	$14,676	$140,083	$15,249,361	$-125,407
2023	$14,274	$127,839	$15,338,395	$-113,565
2022	$10,545	$151,676	$15,448,007	$-141,131
2021	$1,485,890	$264,618	$15,569,316	$1,221,272
2020	$25,232,898	$1,905,759	$40,865,447	$23,327,139
2019	$5,977,307	$1,114,770	$20,770,239	$4,862,537
2018	$1,108,288	$1,465,486	$123,055,281	$-357,198

HealthSpan Integrated Care