HEALTH INDUSTRY DISTRIBUTORS ASSOCIATION (EIN 360730540) - Form 990 Financial Analysis & Trantor Score

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Tuckman-Chang Vulnerability Assessment

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1916

Legal Domicile

Principal Officer

MATTHEW ROWAN

Phone

7035494432

Tax Period

2023-01-01 to 2023-12-31

HEALTH INDUSTRY DISTRIBUTORS ASSOCIATION, founded in 1916, is a community nonprofit that reported $4.2M in total revenue in fiscal year 2018. Expenses of $4.0M left a modest 5% surplus.

Mission

TO ADVANCE THE USE AND VALUE OF DISTRIBUTION IN HEALTHCARE.

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Trantor Score

Financial Health & Payment Capacity Assessment (FICO Scale: 300–850)

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $208,283

Program Service Revenue $4,420,481

Investment Income $143,748

Other Revenue $383,729

TOTAL REVENUE $5,156,241

Expense Breakdown

Grants Paid $0

Salaries & Benefits $2,693,177

Fundraising Expenses $0

Other Expenses $2,253,802

TOTAL EXPENSES $4,946,979

Year-over-Year Comparison

	2023	2022	Change
Revenue	$5,156,241	$4,380,391	+0.2%
Expenses	$4,946,979	$4,992,455	0.0%
Net Income	$209,262	$-612,064	-1.3%

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

$1,108,487

Total Directors

Key Employees

$329,341

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ALEXANDRA CALDWELL	TREASURER	2.00	Officer Director	$0	$0	$0
BENJAMIN NICHOLS	DIRECTOR	1.00	Director	$0	$0	$0
BILL MCLAUGHLIN JR	DIRECTOR	1.00	Director	$0	$0	$0
BRAD C CONNETT	DIRECTOR	1.00	Director	$0	$0	$0
BRAD HILTON	CHAIRMAN ELECT	2.00	Director	$0	$0	$0
BRENT MELANCON	DIRECTOR	1.00	Director	$0	$0	$0
CARA SKOWRONSKI	CHAIRMAN	2.00	Officer Director	$0	$0	$0
CHRIS FAGNANI	DIRECTOR	1.00	Director	$0	$0	$0
DAVID KLARNER	DIRECTOR	1.00	Director	$0	$0	$0
EMILY BERLIN	DIRECTOR	1.00	Director	$0	$0	$0
EMILY WILBURN ANDREWS	DIRECTOR	1.00	Director	$0	$0	$0
JACK STEPHENS	DIRECTOR	1.00	Director	$0	$0	$0
JAY STEVENS	DIRECTOR	1.00	Director	$0	$0	$0
JOEL TREFFERT	DIRECTOR	1.00	Director	$0	$0	$0
KC MELESKI	DIRECTOR	1.00	Director	$0	$0	$0
KELLEY MOFFETT	DIRECTOR	1.00	Director	$0	$0	$0
MARK HENDERSON	DIRECTOR	1.00	Director	$0	$0	$0
PATRICK JONES	DIRECTOR	1.00	Officer Director	$0	$0	$0
RANDY REICHENBACH	DIRECTOR	1.00	Director	$0	$0	$0
SCOTT WILLIAMS	DIRECTOR	1.00	Director	$0	$0	$0
TODD ROSS	DIRECTOR	1.00	Director	$0	$0	$0
WILLIAM ABRAMS	DIRECTOR	1.00	Director	$0	$0	$0
WILLIAM REUBEL	DIRECTOR	1.00	Director	$0	$0	$0
BALVINDER BAINS	VP, FINANCE & OPERATIONS	20.00	Officer	$120,501	$28,316	$269,317
MATTHEW J ROWAN	PRESIDENT AND CEO	24.00	Officer	$465,927	$62,625	$839,170
LINDA ROUSE O'NEILL	VP, GOVERNMENT AFFAIRS	30.00	Key Emp	$218,173	$38,445	$329,341
ELIZABETH HILLA	HEF EXECUTIVE DIRECTOR	4.00	Highest	$33,146	$31,263	$362,727
JULIE BERRY	DIRECTOR, CONFERENCES & SP	20.00	Highest	$90,989	$14,886	$180,320
KATHRYN DIBITETTO	VP, CONGRESSIONAL RELATION	34.00	Highest	$114,837	$5,227	$140,329
KELLEY TAFT	DIRECTOR, MEMBERSHIP	40.00	Highest	$167,663	$9,127	$176,790
WYETH RUTHVEN	DIRECTOR, PUBLIC AFFAIRS	30.00	Highest	$118,193	$15,011	$172,602

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	No data	No data	No data	No data
2023	$5,156,241	$4,946,979	$7,806,326	$209,262
2022	$4,380,391	$4,992,455	$5,636,087	$-612,064
2021	$4,762,456	$3,760,205	$7,063,579	$1,002,251
2020	$4,080,896	$3,424,710	$6,022,362	$656,186
2019	$4,606,330	$4,357,732	$4,979,749	$248,598
2018	$4,188,906	$3,959,394	$4,568,286	$229,512

HEALTH INDUSTRY DISTRIBUTORS ASSOCIATION