HEALTH INDUSTRY BUSINESS COMMUNICATIONS COUNCIL (EIN 363313052) - 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

1984

Legal Domicile

Principal Officer

ROBERT HANKIN

Phone

6023811091

Tax Period

2024-01-01 to 2024-12-31

HEALTH INDUSTRY BUSINESS COMMUNICATIONS COUNCIL, founded in 1984, is a community nonprofit that reported $4.9M in total revenue in fiscal year 2024. Revenue surged 26% from the prior year, signaling strong growth momentum. The organization ran a surplus of $3.5M, a strong 72% operating margin.

Mission

HIBCC IS ACCREDITED BY THE AMERICAN NATIONAL STANDARDS INSTITUTE (ANSI) AND RECOGNIZED BY THE INTERNATIONAL STANDARDS ORGANIZATION (ISO) AND IN THIS CAPACITY HAS CREATED AND MAINTAINS BAR CODE AND AUTOMATIC IDENTIFICATION STANDARDS THAT HAVE BEEN ADOPTED BY MEDICAL DEVICE MANUFACTURERS, DISTRIBUTORS, AND HEALTH CARE PROVIDERS.

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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 $3,539,810

Investment Income $1,318,307

Other Revenue $0

TOTAL REVENUE $4,858,117

Expense Breakdown

Grants Paid $0

Salaries & Benefits $742,381

Fundraising Expenses $0

Other Expenses $616,253

TOTAL EXPENSES $1,358,634

Year-over-Year Comparison

	2024	2023	Change
Revenue	$4,858,117	$3,867,210	+0.3%
Expenses	$1,358,634	$1,128,371	+0.2%
Net Income	$3,499,483	$2,738,839	+0.3%

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

$452,450

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KIRK KIKIREKOV	CHAIR	1.00	Officer Director	$0	$0	$0
JOSEPH V ERRANTE DDS	OFFICER	1.00	Officer Director	$0	$0	$0
ROBERT HANKIN	CEO	40.00	Officer	$394,581	$57,869	$452,450
ALLISON MEHR	VICE PRESIDE	40.00	Highest	$110,000	$17,471	$127,471
ANGELIE GRANT	DIRECTOR OF	40.00	Highest	$110,000	$17,471	$127,471

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	$4,858,117	$1,358,634	$26,175,197	$3,499,483
2023	$3,867,210	$1,128,371	$22,494,498	$2,738,839
2022	$3,265,932	$1,182,866	$19,452,710	$2,083,066
2021	$3,199,699	$1,190,928	$17,700,815	$2,008,771
2020	$2,202,185	$1,111,799	$15,552,369	$1,090,386
2019	$2,218,067	$1,073,790	$14,430,674	$1,144,277
2018	$2,141,038	$1,053,165	$13,074,148	$1,087,873

HEALTH INDUSTRY BUSINESS COMMUNICATIONS COUNCIL