HEALTH DEVELOPMENT CORPORATION

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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

1989

Legal Domicile

Principal Officer

DEBORAH MANN

Phone

8125220170

Tax Period

2024-01-01 to 2024-12-31

HEALTH DEVELOPMENT CORPORATION, founded in 1989, is a small nonprofit in the Health Care sector that reported $215K in total revenue in fiscal year 2024. Expenses of $889K exceeded revenue, resulting in a 313% operating deficit.

Mission

TO OPERATE FOR THE BENEFIT OF JACKSON COUNTY SCHNECK MEMORIAL HOSPITAL DBA SCHNECK MEDICAL CENTER.

Program Service Accomplishments

Program 1

Expenses: $401,108 Revenue: $200,004

RECRUITING NEW PHYSICIANS TO THE COMMUNITY AND SURROUNDING AREA SERVICED BY SCHNECK MEDICAL CENTER. ALSO, INCLUDES 3 SCHOLARSHIPS PROVIDED TO MEDICAL SCHOOL STUDENTS.

Program 2

Expenses: $252,062 Revenue: $0

PROVIDING EDUCATIONAL PROGRAMS TO THE BOARD AND THE MANAGEMENT AND MEDICAL STAFFS OF SCHNECK MEDICAL CENTER.

Program 3

Expenses: $61,369 Revenue: $8,772

COORDINATED HEALTHCARE OFFERS SERVICES TO RESIDENTS IN JENNINGS, WASHINGTON AND SCOTT COUNTIES. THE CLINICS WERE ORGANIZED TO PROMOTE AND SUPPORT THE HEALTH OF THE ADJACENT COUNTIES. THE CLINICS NO...

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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 $207,040

Investment Income $608

Other Revenue $7,471

TOTAL REVENUE $215,119

Expense Breakdown

Grants Paid $14,000

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $714,539

Other Expenses $875,175

TOTAL EXPENSES $889,175

Year-over-Year Comparison

	2024	2023	Change
Revenue	$215,119	$215,345	0.0%
Expenses	$889,175	$540,876	+0.6%
Net Income	$-674,056	$-325,531	+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

N/A

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

$1,724,539

Total Directors

$1,731,739

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ERIC FISH MD	PRESIDENT	5.00	Officer Director	$0	$27,580	$868,852
TERRY GILLILAND	VICE PRESIDENT	1.00	Officer Director	$0	$0	$6,000
KATHY COVERT	SECRETARY	1.00	Officer Director	$0	$20,683	$386,270
DEBORAH MANN	TREASURER	5.00	Officer Director	$0	$20,357	$457,417
JACK MCCORY	CHAIRMAN	1.00	Officer Director	$0	$0	$6,000
RICK SMITH	EX-OFFICIO, VOTING	1.00	Director	$0	$0	$7,200
MATTHEW REEDY	MEMBER	1.00	Director	$0	$0	$0
COURTNEY KLEBER	MEMBER	1.00	Director	$0	$0	$0
SUSAN BEAVERS	MEMBER	1.00	Director	$0	$0	$0
BRANDON HARPE	MEMBER	1.00	Director	$0	$0	$0
DREW MARKEL	MEMBER	1.00	Director	$0	$0	$0
ROBERT GILLASPY	MEMBER	1.00	Director	$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
2024	$215,119	$889,175	$986,100	$-674,056
2023	$215,345	$540,876	$1,586,286	$-325,531
2022	$442,530	$881,174	$1,928,613	$-438,644
2021	$4,091,623	$3,704,078	$2,092,662	$387,545
2020	$4,339,587	$3,636,441	$1,691,562	$703,146
2019	$4,478,410	$4,602,788	$1,597,377	$-124,378
2018	$4,885,370	$4,974,647	$2,258,554	$-89,277