ABBEHEALTH 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

1991

Legal Domicile

Principal Officer

KATHLEEN HORAN

Phone

3193983634

Tax Period

2024-01-01 to 2024-12-31

ABBEHEALTH INC, founded in 1991, is a community nonprofit in the Health Care sector that reported $2.5M in total revenue in fiscal year 2024. Revenue surged 32% from the prior year, signaling strong growth momentum. The organization ran a surplus of $1.3M, a strong 51% operating margin.

Mission

A NOT FOR PROFIT, INTEGRATED HEALTH SERVICES COMPANY PROVIDING COMMUNITY EDUCATION, AWARENESS, ADVOCACY AND OUTREACH WHILE MANAGING THE COORDINATION OF SERVICES FOR OLDER ADULTS AND PSYCHOLOGICALLY AND/OR PHYSICALLY CHALLENGED INDIVIDUALS.

Program Service Accomplishments

Program 1

Expenses: $1,203,734 Revenue: $1,055,027

PROVIDE ADMINISTRATIVE AND MANAGEMENT SERVICES TO 2 NON-PROFIT ENTITIES WHO PROVIDE SERVICES TO AGING AND MENTALLY ILL POPULATIONS; ACHIEVING GREATER EFFICIENCY OF SERVICE BY COMBINING PROCESSES SUCH AS PAYROLL PROCESSING, ACCOUNTS PAYABLE, AS WELL AS MONITORING OF COMPLIANCE, ALLOWING AGENCIES TO FOCUS ON PROVISION OF DIRECT SERVICE TO OVER 13,000 CONSUMERS. EDUCATION SERVICES ARE PROVIDED FREE OF CHARGE.

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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 $962,334

Program Service Revenue $892,666

Investment Income $478,911

Other Revenue $196,445

TOTAL REVENUE $2,530,356

Expense Breakdown

Grants Paid $2,006

Salaries & Benefits $1,476,559

Fundraising Expenses $0

Program Expenses $1,203,734

Other Expenses $-248,042

TOTAL EXPENSES $1,230,523

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,530,356	$1,910,094	+0.3%
Expenses	$1,230,523	$581,634	+1.1%
Net Income	$1,299,833	$1,328,460	0.0%

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

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

$1,232,936

Total Directors

$810,011

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JOHN ALLEN	BOARD MEMBER	1.00	Director	$0	$0	$0
PEG BRADKE	BOARD CHAIR	1.00	Officer Director	$0	$0	$0
MIKE BRINGOLF	BOARD VICE CHAIR	1.00	Officer Director	$0	$0	$0
JULIE DAMIANO	BOARD MEMBER	1.00	Director	$0	$0	$0
SHIRLEY HELMRICHS	BOARD MEMBER	1.00	Director	$0	$0	$0
DONNA KUNDE	BOARD MEMBER	1.00	Director	$0	$0	$0
KEITH KREWER FR 1224	BOARD MEMBER	1.00	Director	$0	$0	$0
BARB MATIAS	BOARD MEMBER	1.00	Director	$0	$0	$0
BRIAN SCOTT	BOARD MEMBER	1.00	Director	$0	$0	$0
DAVE TESDAHL TO 1224	BOARD MEMBER	1.00	Director	$0	$0	$0
MIKE TIERNAN	BOARD SECRETARY/TREASURER	1.00	Officer Director	$0	$0	$0
PHIL WASTA	BOARD MEMBER	1.00	Director	$0	$0	$0
CASEY GREENE	BOARD MEMBER & MARKET PRESIDENT	1.00	Officer Director	$0	$82,779	$508,950
LUCAS HICKS	BOARD MEMBER & MARKET VP FINANCE	1.00	Officer Director	$0	$24,496	$301,061
KATHLEEN HORAN TO 0424	PRESIDENT/CEO	40.00	Officer	$80,040	$6,283	$86,323
KATHY JOHNSON	EXEC DIR (TO 05/24) & PRES (FR 05/24)	40.00	Officer	$96,674	$21,640	$218,103
ABBEY FERENZI	EXECUTIVE DIRECTOR	40.00	Officer	$104,688	$13,811	$118,499
BRENDA HOLLINGER	VICE PRESIDENT FINANCE	40.00	Highest	$147,839	$18,581	$166,420
THOMAS KREMER	DIRECTOR ABBE CLINIC OPERATIONS	40.00	Highest	$114,586	$26,765	$141,351
MICHAEL HEINRICH TO 0323	FORMER EXEC VP FINANCE/CFO	0.00		$0	$113,114	$1,054,804
MICHELLE NIERMANN TO 0723	FORMER SLMH PRES/CEO	0.00		$0	$143,169	$942,883

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	$2,530,356	$1,230,523	$14,441,438	$1,299,833
2023	$1,910,094	$581,634	$14,136,000	$1,328,460
2022	$1,265,392	$1,042,703	$13,818,856	$222,689
2021	$875,817	$527,498	$14,900,355	$348,319
2020	$290,334	$92,866	$12,535,073	$197,468
2019	$98,241	$126,039	$11,137,678	$-27,798
2018	$179,536	$63,925	$10,227,861	$115,611