CANVAS HEALTH INC (EIN 410955577) - Form 990 Financial Analysis & Trantor Score

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

1969

Legal Domicile

Principal Officer

KHU THAO

Phone

6517775222

Tax Period

2024-01-01 to 2024-12-31

CANVAS HEALTH INC, founded in 1969, is a mid-sized nonprofit in the Human Services sector that reported $30.5M in total revenue in fiscal year 2024. Revenue grew 10% year-over-year, indicating healthy expansion.

Mission

TO BRING HOPE, HEALING, AND RECOVERY TO THE PEOPLE WE SERVE.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $8,837,448

Program Service Revenue $21,148,297

Investment Income $253,799

Other Revenue $255,533

TOTAL REVENUE $30,495,077

Expense Breakdown

Grants Paid $0

Salaries & Benefits $25,086,609

Fundraising Expenses $361,135

Program Expenses $27,401,345

Other Expenses $4,653,710

TOTAL EXPENSES $29,740,319

Year-over-Year Comparison

	2024	2023	Change
Revenue	$30,495,077	$27,616,700	+0.1%
Expenses	$29,740,319	$25,770,495	+0.2%
Net Income	$754,758	$1,846,205	-0.6%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

417

Volunteers

337

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

$939,730

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KAREN DODSON	CHAIR	2.00	Officer Director	$0	$0	$0
POLLY KRUSE	VICE CHAIR	2.00	Officer Director	$0	$0	$0
CHRIS NAVIN	TREASURER	2.00	Officer Director	$0	$0	$0
MIKE KAUFFMAN	SECRETARY	2.00	Officer Director	$0	$0	$0
MICHAEL BOLDENOW	DIRECTOR	1.00	Director	$0	$0	$0
KIRBY DEMBELE	DIRECTOR	1.00	Director	$0	$0	$0
KELLY FENTON	DIRECTOR	1.00	Director	$0	$0	$0
BETH LEINDECKER	DIRECTOR	1.00	Director	$0	$0	$0
SHANNON LORBIECKI	DIRECTOR	1.00	Director	$0	$0	$0
CONRAD NGUYEN	DIRECTOR	1.00	Director	$0	$0	$0
EILEEN MCMAHON	DIRECTOR	1.00	Director	$0	$0	$0
BODE TAIWO	DIRECTOR	1.00	Director	$0	$0	$0
KARNA PETERS	DIRECTOR	1.00	Director	$0	$0	$0
NIC RAHRICH	DIRECTOR	1.00	Director	$0	$0	$0
BRIAN MUELLER	DIRECTOR	1.00	Director	$0	$0	$0
TAMMY STARK	DIRECTOR	1.00	Director	$0	$0	$0
JEFF UECKER	DIRECTOR	1.00	Director	$0	$0	$0
KRISTINE YOUNG	DIRECTOR	1.00	Director	$0	$0	$0
HILKE S RIECHARDT-MARTINEZ	CFO	40.00	Officer	$218,554	$24,817	$243,371
THOMAS RUTER	COO	40.00	Officer	$195,223	$37,658	$232,881
KHU THAO	CEO	40.00	Officer	$282,564	$24,045	$306,609
JULIA YACH	CDO	40.00	Officer	$144,249	$12,620	$156,869
ELENA ROSAS	MEDICAL DIRECTOR	40.00	Highest	$249,461	$15,634	$265,095
JAY THEISEN	DIRECTOR	40.00	Highest	$125,912	$39,686	$165,598
KATHLEEN PAPE	DIRECTOR	40.00	Highest	$139,465	$23,492	$162,957
DANIEL JOHNSON	CHIEF PSYCHOLOGIST	40.00	Highest	$132,575	$21,883	$154,458
LINA YANG	HR DIRECTOR	40.00	Highest	$137,110	$8,457	$145,567

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	$30,495,077	$29,740,319	$18,272,464	$754,758
2023	$27,616,700	$25,770,495	$16,320,220	$1,846,205
2022	$22,398,933	$20,690,409	$13,363,689	$1,708,524
2021	$16,271,120	$16,975,394	$11,355,158	$-704,274
2020	$18,728,767	$17,703,213	$11,775,065	$1,025,554
2019	$17,122,888	$17,165,564	$10,159,579	$-42,676
2018	$16,547,533	$17,312,179	$10,086,492	$-764,646

CANVAS HEALTH INC