HILLSBORO AREA HEALTH SYSTEM NFP

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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

2003

Legal Domicile

Principal Officer

Michael Alexander

Phone

2175326111

Tax Period

2024-07-01 to 2025-06-30

HILLSBORO AREA HEALTH SYSTEM NFP, founded in 2003, is a small nonprofit in the Health Care sector that reported $377K in total revenue in fiscal year 2024. Revenue fell 29% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $193K, a strong 51% operating margin.

Mission

The mission of Hillsboro Area Health System NFP is to support Hillsboro Area Hospital, Hillsboro Area Health Foundation, and Hillsboro Area Health Services, Inc. These entities are non-profit entities that are committed to improving the health and welfare of the communities they serve.

Program Service Accomplishments

Program 1

Expenses: $123,335 Revenue: $92,417

Operation of an outpatient clinic began on May 10, 2010. Hillsboro Specialty Clinics is a medical clinic, consisting of 4,589 square feet, at which out of town specialty physicians lease space for...

Operation of an outpatient clinic began on May 10, 2010. Hillsboro Specialty Clinics is a medical clinic, consisting of 4,589 square feet, at which out of town specialty physicians lease space for the examination of patients. There were 8,343 visits to the Clinic from July 1, 2024 to June 30, 2025. Hillsboro Area Health System also owns 5,336 square feet of space that is used rent free by Lincoln Land Community College and other educational institutions for the instruction of nursing and other health education classes to local students.

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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 $92,417

Investment Income $215,776

Other Revenue $69,124

TOTAL REVENUE $377,317

Expense Breakdown

Grants Paid $0

Salaries & Benefits $32,623

Fundraising Expenses $0

Program Expenses $123,335

Other Expenses $151,757

TOTAL EXPENSES $184,380

Year-over-Year Comparison

	2024	2023	Change
Revenue	$377,317	$532,066	-0.3%
Expenses	$184,380	$251,497	-0.3%
Net Income	$192,937	$280,569	-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

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
Patty Clarke	Director	0.10	Director	$0	$0	$0
Todd Dean	Director	0.10	Director	$0	$0	$0
Barb Ryan	Director	0.10	Director	$0	$0	$0
Michelle Ondrey	Director	0.10	Director	$0	$0	$0
Brian Knodle	Director	0.10	Director	$0	$0	$0
Brandi Lentz	Director	0.10	Director	$0	$0	$0
John Evans	Chairman	0.40	Officer	$0	$0	$0
Barbara Hewitt	Secretary/Treasurer	0.20	Officer	$0	$0	$0
Leland Storm	Vice Chairman	0.10	Officer	$0	$0	$0
Michael Alexander	President	0.20	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
2025	$377,317	$184,380	$10,254,878	$192,937
2024	$532,066	$251,497	$8,357,381	$280,569
2023	$271,821	$299,296	$8,428,241	$-27,475
2022	$218,049	$312,126	$8,332,759	$-94,077
2021	$230,386	$279,802	$8,207,654	$-49,416