HEALTHLINC INC (EIN 352147791) - 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

2001

Legal Domicile

Principal Officer

MELISSA MITCHELL

Phone

2194627173

Tax Period

2024-01-01 to 2024-12-31

HEALTHLINC INC, founded in 2001, is a mid-sized nonprofit that reported $82.4M in total revenue in fiscal year 2024. Revenue grew 18% year-over-year, indicating healthy expansion. Expenses of $76.4M left a modest 7% surplus.

Mission

THE ORGANIZATION PROVIDES A FULL SPECTRUM OF COMPREHENSIVE HEALTH CARE SERVICES THROUGHOUT THE LIFE CYCLE, AND MAKES THOSE SERVICES AVAILABLE TO INDIVIDUALS REGARDLESS OF A PATIENT'S ABILITY TO PAY.

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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 $20,063,647

Program Service Revenue $44,309,758

Investment Income $815,567

Other Revenue $17,226,319

TOTAL REVENUE $82,415,291

Expense Breakdown

Grants Paid $0

Salaries & Benefits $44,886,137

Fundraising Expenses $0

Program Expenses $65,683,323

Other Expenses $31,500,044

TOTAL EXPENSES $76,386,181

Year-over-Year Comparison

	2024	2023	Change
Revenue	$82,415,291	$69,928,016	+0.2%
Expenses	$76,386,181	$66,717,089	+0.1%
Net Income	$6,029,110	$3,210,927	+0.9%

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

706

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

$728,000

Total Directors

Key Employees

$1,885,196

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
PAT TERRELL	DIRECTOR	2.00	Director	$0	$0	$0
TINA JENNINGS	DIRECTOR	2.00	Director	$0	$0	$0
SUSAN THORNER	DIRECTOR	2.00	Director	$0	$0	$0
DR CHRISTOPHER JORDAN	DIRECTOR	2.00	Director	$0	$0	$0
DAVID PEARMAN	DIRECTOR	2.00	Director	$0	$0	$0
EHIMAN UWIDIA	DIRECTOR	2.00	Director	$0	$0	$0
JENNY STALL	DIRECTOR	2.00	Director	$0	$0	$0
DONALD DIXON	DIRECTOR	2.00	Director	$0	$0	$0
DR SANDRA GOLDBERG	DIRECTOR	2.00	Director	$0	$0	$0
CHRIS ATHERTON	CHAIRPERSON	2.00	Officer	$0	$0	$0
JOAN BONDI	CFO	40.00	Officer	$304,527	$21,052	$325,579
MELISSA MITCHELL	CEO	40.00	Officer	$364,443	$37,978	$402,421
ROBERT FRANKO	SECRETARY	2.00	Officer	$0	$0	$0
SHERY ROUSSARIE	VICE CHAIRPERSON	2.00	Officer	$0	$0	$0
STEPHEN MASSA	TREASURER	2.00	Officer	$0	$0	$0
LAWRENCE RAMUNNO	CMO	40.00	Key Emp	$325,061	$18,205	$343,266
MICHAEL KOZAK	PHYSICIAN	40.00	Key Emp	$352,127	$37,978	$390,105
KATHERINE LISONI	PHYSICIAN	40.00	Key Emp	$293,534	$12,487	$306,021
JOEL BATES	RESIDENCY DIRECTOR	40.00	Key Emp	$260,132	$38,978	$299,110
DREW E SCHMUCKER	PHYSICIAN	40.00	Key Emp	$237,125	$37,978	$275,103
COURTNEY GLOS	PHYSICIAN	40.00	Key Emp	$249,886	$21,705	$271,591

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	$82,415,291	$76,386,181	$67,661,700	$6,029,110
2023	$69,928,016	$66,717,089	$60,218,288	$3,210,927
2022	$66,785,688	$59,499,263	$46,476,015	$7,286,425
2021	$61,318,502	$51,588,295	$35,614,969	$9,730,207
2020	$44,420,432	$42,817,810	$33,651,674	$1,602,622
2019	$39,808,055	$38,467,843	$27,146,705	$1,340,212
2018	$29,448,617	$28,883,566	$24,694,864	$565,051

HEALTHLINC INC