Oakwood Health Promotions Inc

EIN: 382601965 501(c)(3) Health Care

Southfield, MI

Total Revenue
$17,548,575
Total Expenses
$21,123,809
Total Assets
$120,921,715
Net Assets
$55,423,920
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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
1985
Legal Domicile
MI
Phone
6163912022
Tax Period
2022-01-01 to 2022-12-31

Oakwood Health Promotions Inc, founded in 1985, is a mid-sized nonprofit in the Health Care sector that reported $17.5M in total revenue in fiscal year 2022. Revenue fell 26% from the prior year — a significant decline worth monitoring. Expenses of $21.1M exceeded revenue, resulting in a 20% operating deficit.

Mission

PROVISION OF INDEPENDENT LIVING, ASSISTED LIVING, ALZHEIMER'S CARE, AND SKILLED NURSING CARE.

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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%)

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Financial Overview (2022)

Revenue Breakdown

Contributions & Grants $107,045
Program Service Revenue $16,536,695
Investment Income $904,476
Other Revenue $359
TOTAL REVENUE $17,548,575

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $18,720,652
Other Expenses $21,123,809
TOTAL EXPENSES $21,123,809

Year-over-Year Comparison

2022 2021 Change
Revenue $17,548,575 $23,683,241 -0.3%
Expenses $21,123,809 $22,899,977 -0.1%
Net Income $-3,575,234 $783,264 -5.6%
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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Governance

Voting Members
3
Independent Members
N/A
Employees
N/A
Volunteers
56

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
8
$10,529,992
Total Directors
6
$3,949,272
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
N/A DIRECTOR/CHAIR 1.0
Officer Director
$0 $94,020 $450,730
N/A DIRECTOR/TREASURER 1.0
Officer Director
$0 $33,602 $277,850
N/A DIRECTOR/PRESIDENT/SECRETARY 1.0
Officer Director
$0 $79,715 $352,090
N/A DIRECTOR/TREASURER - PART YEAR 1.0
Officer Director
$0 $9,199 $89,688
N/A DIRECTOR/CHAIR - PART YEAR 1.0
Officer Director
$0 $27,294 $240,401
N/A DIRECTOR/CHAIR - PART YEAR 1.0
Officer Director
$0 $11,828 $2,538,513
N/A CEO 0.0
Officer
$0 $1,190,017 $4,492,371
N/A CFO 0.0
Officer
$0 $522,977 $2,088,349
N/A FORMER HIGHEST PAID 0.0
$0 $75,060 $399,533
N/A FORMER HIGHEST PAID 0.0
$0 $27,670 $182,091
N/A FORMER HIGHEST PAID 0.0
$0 $74,744 $422,943
N/A FORMER HIGHEST PAID 0.0
$0 $59,823 $199,859
N/A FORMER HIGHEST PAID 0.0
$0 $39,621 $281,272
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
2022 $17,548,575 $21,123,809 $120,921,715 $-3,575,234
2021 $23,683,241 $22,899,977 $134,950,596 $783,264
2020 $28,008,850 $25,969,378 $133,960,465 $2,039,472
2019 $34,338,494 $33,162,095 $109,107,637 $1,176,399
2018 $32,097,556 $33,145,051 $101,631,052 $-1,047,495
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