COTTAGE HEALTH FOUNDATION (EIN 370661205) - 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

2004

Legal Domicile

Principal Officer

JOSHUA GIBB

Phone

3093448898

Tax Period

2024-01-01 to 2024-12-31

COTTAGE HEALTH FOUNDATION, founded in 2004, is a micro nonprofit in the Philanthropy & Grantmaking sector that reported $7K in total revenue in fiscal year 2024. Revenue fell 89% from the prior year — a significant decline worth monitoring. Expenses of $55K exceeded revenue, resulting in a 658% operating deficit.

Mission

COTTAGE HEALTH FOUNDATION IS ORGANIZED TO SUPPORT, BENEFIT OR CARRY OUT THE PROMOTION OF HEALTH AND OTHER CHARITABLE AND EDUCATIONAL PURPOSES THROUGH THE SUPPORT OF THE CHARITABLE ACTIVITIES OF GALESBURG COMMUNITY FOUNDATION.

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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 $1,732

Program Service Revenue $5,466

Investment Income $4

Other Revenue $0

TOTAL REVENUE $7,202

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $50,000

Other Expenses $54,588

TOTAL EXPENSES $54,588

Year-over-Year Comparison

	2024	2023	Change
Revenue	$7,202	$64,029	-0.9%
Expenses	$54,588	$4,772	+10.4%
Net Income	$-47,386	$59,257	-1.8%

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

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

$320,883

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JOSHUA GIBB	CHIEF EXECUTIVE OFFICER	0.00	Officer	$0	$26,345	$201,195
SHAWN HEDDEN	DIRECTOR OF FINANCE & OPERATIONS	0.00	Officer	$0	$14,680	$119,688
CARL NIXON	CHAIRMAN	1.00	Officer Director	$0	$0	$0
THOMAS MALONEY	VICE CHAIRMAN	1.00	Officer Director	$0	$0	$0
DANIEL PIPER	SECRETARYTREASURER	1.00	Officer Director	$0	$0	$0
DR JOHN MCCLEAN	FORMER SECRETARYTREASURER	1.00	Officer Director	$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	$7,202	$54,588	$2,172,070	$-47,386
2023	$64,029	$4,772	$2,003,599	$59,257
2022	$64,113	$102,007	$1,778,413	$-37,894
2021	$56,338	$104,483	$1,881,567	$-48,145
2020	$70,355	$79,468	$1,807,814	$-9,113
2019	$70,624	$79,468	$1,663,759	$-8,844
2018	$51,103	$5,404,778	$1,538,554	$-5,353,675

COTTAGE HEALTH FOUNDATION