Ingalls Health Ventures

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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

1981

Legal Domicile

Phone

7083332300

Tax Period

2022-07-01 to 2023-06-30

Ingalls Health Ventures, founded in 1981, is a community nonprofit in the Health Care sector that reported $3.8M in total revenue in fiscal year 2022. Revenue surged 4487% from the prior year, signaling strong growth momentum. Expenses of $5.7M exceeded revenue, resulting in a 52% operating deficit.

Mission

IHV'S MISSION IS TO PROMOTE AND SUPPORT THE INTEREST AND PURPOSES OF INGALLS MEMORIAL HOSPITAL AND OTHER ORGANIZATIONS THAT PROMOTE THE HEALTH OF THE COMMUNITY AND PROVIDE HEALTHCARE SERVICES.

Program Service Accomplishments

Program 1

Expenses: $5,469,316 Revenue: $3,692,530

IHV SUPPORTS THE INGALLS HEALTH VENTURES HOME INFUSION PROGRAM. THE MEDICAL STAFF OF INGALLS MEMORIAL HOSPITAL PROVIDES PERSONAL SERVICES FOR PATIENT HOME INFUSION NEEDS.

Program 2

Expenses: $193,414 Revenue: $83,556

IHV HOLDS REAL ESTATE PROPERTIES IN ORDER TO ASSIST INGALLS MEMORIAL HOSPITAL IN PROVIDING HEALTH SERVICES TO THE COMMUNITY.

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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 (2022)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $3,776,086

Investment Income $0

Other Revenue $0

TOTAL REVENUE $3,776,086

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $5,662,730

Other Expenses $5,738,997

TOTAL EXPENSES $5,738,997

Year-over-Year Comparison

	2022	2021	Change
Revenue	$3,776,086	$82,322	+44.9%
Expenses	$5,738,997	$697,380	+7.2%
Net Income	$-1,962,911	$-615,058	+2.2%

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

$3,190,980

Total Directors

$2,458,172

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
N/A	INTERIM PRESIDENT (7/10/22 THRU 3/7/23)	1.0	Officer Director	$0	$143,404	$957,706
N/A	INTERIM PRESIDENT, INGALLS (EFF. 3/7/23)	1.0	Officer Director	$0	$0	$0
N/A	BOARD MEMBER/IMH PRESIDENT (THRU 7/10/22)	1.0	Officer Director	$0	$36,830	$425,007
N/A	SECRETARY/TREASURER	1.0	Officer Director	$0	$61,858	$403,505
N/A	BOARD MEMBER/PRESIDENT CARE NETWORK	1.0	Director	$0	$109,194	$671,954
N/A	CHIEF FINANCIAL OFFICER	1.0	Officer	$0	$211,348	$1,404,762
N/A	FORMER SECRETARY/TREASURER (THRU 9/8/2021)	0.0		$0	$23,612	$276,870
N/A	FORMER CHIEF FINANCIAL OFFICER (THRU 4/22/21)	0.0		$0	$0	$251,969

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
2025	No data	No data	No data	No data
2024	No data	No data	No data	No data
2023	$3,776,086	$5,738,997	$4,376,969	$-1,962,911
2022	$82,322	$697,380	$2,734,873	$-615,058
2021	$81,764	$274,004	$3,260,689	$-192,240
2020	$79,512	$589,151	$3,752,955	$-509,639
2019	$79,926	$730,894	$3,810,941	$-650,968
2018	$66,793	$1,199,374	$4,631,488	$-1,132,581