Health World Inc

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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

1987

Legal Domicile

Phone

8478429100

Tax Period

2023-05-01 to 2024-04-30

Health World Inc, founded in 1987, is a small nonprofit in the Health Care sector that reported $620K in total revenue in fiscal year 2023. Revenue decreased 6% compared to the prior year.

Mission

TO PROMOTE THE EDUCATION AND HEALTH OF THE COMMUNITY THROUGH EDUCATION OUTREACH PROGRAMS

Program Service Accomplishments

Program 1

Expenses: $590,423 Revenue: $588,007

HEALTH WORLD, INC. IS ORGANIZED AND SHALL BE OPERATED EXCLUSIVELY FOR CHARITABLE, SCIENTIFIC AND EDUCATIONAL PURPOSES. THE PURPOSES OF THE HEALTH WORLD, INC. SHALL BE TO SUPPORT AND ENCOURAGE HEALTH CARE SERVIES AND EDUCATION THROUGH PROVIDING FINANCIAL, MANAGEMENT, FUNDRAISING ASSISTANCE AND IN ALL OTHER RELEVANT WAYS AIDING AND SUPPORTING ORGANIZATIONS PROVIDING HEALTH AND SAFETY EDUCATION.

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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 $480,000

Program Service Revenue $108,007

Investment Income $31,583

Other Revenue $0

TOTAL REVENUE $619,590

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $590,423

Other Expenses $618,488

TOTAL EXPENSES $618,488

Year-over-Year Comparison

	2023	2022	Change
Revenue	$619,590	$659,955	-0.1%
Expenses	$618,488	$712,482	-0.1%
Net Income	$1,102	$-52,527	-1.0%

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

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MARSHALL FRONT	Director	0.50	Director	$0	$0	$0
JACK JEFFERIES	Director	0.50	Director	$0	$0	$0
MANU KHODADAD	Director	0.50	Director	$0	$0	$0
ALAN RODBELL	Director	0.50	Director	$0	$0	$0
JOHN DURSO	Director	0.50	Director	$0	$0	$0
JAMES MCNICHOLS	Secretary/Treas	0.50	Officer	$0	$0	$0
PETER P RUSIN	President	40.00	Officer	$0	$0	$0

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	$619,590	$618,488	$1,225,627	$1,102
2023	$659,955	$712,482	$1,093,962	$-52,527
2022	$723,583	$808,204	$1,233,959	$-84,621
2021	$736,754	$843,810	$1,460,834	$-107,056
2020	$815,693	$998,498	$1,379,154	$-182,805
2019	$287,013	$531,380	$1,673,786	$-244,367