Health Research and Educational Trust (EIN 362203931) - 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

1944

Legal Domicile

Phone

3124223200

Tax Period

2023-01-01 to 2023-12-31

Health Research and Educational Trust, founded in 1944, is a mid-sized nonprofit in the Health Care sector that reported $49.3M in total revenue in fiscal year 2018.

Mission

Assist health care organizations & communities to improve the efficiency, quality & accessibility of health care services.

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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 (2023)

Revenue Breakdown

Contributions & Grants $8,654,031

Program Service Revenue $1,004,436

Investment Income $519,248

Other Revenue $19,156

TOTAL REVENUE $10,196,871

Expense Breakdown

Grants Paid $325,030

Salaries & Benefits $5,551,206

Fundraising Expenses $0

Program Expenses $7,510,558

Other Expenses $6,300,026

TOTAL EXPENSES $12,176,262

Year-over-Year Comparison

	2023	2022	Change
Revenue	$10,196,871	$11,413,974	-0.1%
Expenses	$12,176,262	$12,763,842	0.0%
Net Income	$-1,979,391	$-1,349,868	+0.5%

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

$2,678,113

Total Directors

$2,680,280

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
N/A	PRESIDENT	1.0	Officer Director	$0	$152,275	$829,789
N/A	CHAIR	5.0	Officer Director	$0	$0	$2,859
N/A	PRESIDENT (END 3/7/2023)	1.0	Officer Director	$0	$51,077	$1,845,465
N/A	BOARD MEMBER	1.0	Director	$0	$0	$2,167
N/A	SR DIRECTOR, POP HEALTH	40.0	Highest	$159,009	$37,504	$196,513
N/A	Senior Director of Finance and Compliance	40.0	Highest	$196,532	$55,765	$252,297
N/A	DIRECTOR CLINC QUAL	40.0	Highest	$140,404	$59,710	$200,114
N/A	VP Clinical Quality	40.0	Highest	$254,556	$48,306	$302,862
N/A	VP Leadership & System Innovation	40.0	Highest	$260,859	$30,607	$291,466

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	$10,196,871	$12,176,262	$15,980,943	$-1,979,391
2022	$11,413,974	$12,763,842	$19,822,762	$-1,349,868
2021	$10,710,852	$11,969,906	$22,413,132	$-1,259,054
2020	$10,760,012	$13,056,736	$21,010,178	$-2,296,724
2019	$34,877,975	$36,616,485	$25,447,440	$-1,738,510
2018	$49,330,480	$48,529,385	$30,317,445	$801,095

Health Research and Educational Trust