HEALTHIX INC (EIN 450553664) - 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

2007

Legal Domicile

Principal Officer

TODD M ROGOW

Phone

8776954749

Tax Period

2023-01-01 to 2023-12-31

HEALTHIX INC, founded in 2007, is a mid-sized nonprofit in the Public & Societal Benefit sector that reported $25.0M in total revenue in fiscal year 2023. Revenue grew 19% year-over-year, indicating healthy expansion.

Mission

THE MISSION OF THE COMPANY IS TO CREATE AN ACHIEVABLE, SUSTAINABLE AND REPLICABLE MODEL FOR INTEGRATING CLINICAL INFORMATION ACROSS MULTIPLE HEALTH CARE ORGANIZATIONS WHICH SUPPORTS NEW YORK STATE AND FEDERAL STRATEGIC HEALTH INFORMATION TECHNOLOGY (HIT) PLANS TO (A) IMPROVE ACCESS TO PATIENT DATA AT THE POINT OF CARE; (B) IMPROVE HEALTH CARE QUALITY; AND (C) REDUCE INAPPROPRIATE UTILIZATION AND COST.

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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 (2023)

Revenue Breakdown

Contributions & Grants $20,003,787

Program Service Revenue $4,397,628

Investment Income $572,074

Other Revenue $0

TOTAL REVENUE $24,973,489

Expense Breakdown

Grants Paid $0

Salaries & Benefits $14,277,493

Fundraising Expenses $0

Program Expenses $21,242,359

Other Expenses $10,202,871

TOTAL EXPENSES $24,480,364

Year-over-Year Comparison

	2023	2022	Change
Revenue	$24,973,489	$20,930,804	+0.2%
Expenses	$24,480,364	$20,715,246	+0.2%
Net Income	$493,125	$215,558	+1.3%

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

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

$2,891,035

Total Directors

Key Employees

$788,148

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DAVID COHEN MD	CHAIR	4.00	Officer Director	$0	$0	$0
GERALD J KELLY DO	VICE CHAIR	1.00	Officer Director	$0	$0	$0
ROBERT CHALONER	VICE CHAIR THRU JULY 2023	1.00	Officer Director	$0	$0	$0
CHARLES KING	TREASURER/SECRETARY	1.00	Officer Director	$0	$0	$0
THOMAS EARLY	TREASURER/SECRETARY THRU DEC 2023	1.00	Officer Director	$0	$0	$0
LORI ANDRADE	DIRECTOR	1.00	Director	$0	$0	$0
MICHAEL BOUTON MD	DIRECTOR	1.00	Director	$0	$0	$0
TAVORA AL BUCHMAN PHD	DIRECTOR	1.00	Director	$0	$0	$0
PAUL CASALE MD	DIRECTOR	1.00	Director	$0	$0	$0
GABRIEL M COHEN MD	DIRECTOR	1.00	Director	$0	$0	$0
LOUISE COHEN	DIRECTOR THRU JUN 2023	1.00	Director	$0	$0	$0
K TORIAN EASTERLING MD	DIRECTOR	1.00	Director	$0	$0	$0
ARTHUR GIANELLI	DIRECTOR THRU DEC 2023	1.00	Director	$0	$0	$0
MICHAEL GUARINO	DIRECTOR THRU DEC 2023	1.00	Director	$0	$0	$0
DAVID ALAN HORWITZ MD	DIRECTOR	1.00	Director	$0	$0	$0
IRENE KOCH ESQ	DIRECTOR	1.00	Director	$0	$0	$0
DAVID LEVENTHAL	DIRECTOR	1.00	Director	$0	$0	$0
ALEXANDER IZAGUIRRE PHD	DIRECTOR THRU FEB 2023	1.00	Director	$0	$0	$0
LARRY MCREYNOLDS	DIRECTOR	1.00	Director	$0	$0	$0
MARC D PARADIS	DIRECTOR	1.00	Director	$0	$0	$0
DONNA REY EDD	DIRECTOR	1.00	Director	$0	$0	$0
DAVID SCHIMEL	DIRECTOR THRU DEC 2023	1.00	Director	$0	$0	$0
FRED S SGANGA	DIRECTOR	1.00	Director	$0	$0	$0
MATTHEW SIEGLER	DIRECTOR	1.00	Director	$0	$0	$0
GRETCHEN VAN WYE PHD	DIRECTOR	1.00	Director	$0	$0	$0
ANUP VIDYARTHY	DIRECTOR	1.00	Director	$0	$0	$0
TODD M ROGOW	PRESIDENT & CEO	40.00	Officer	$503,142	$187,225	$690,367
JOHN GUASTELLA	SVP & CFO	40.00	Officer	$327,195	$111,044	$438,239
THOMAS MOORE	SVP STRATEGY & PARTNERSHIPS	40.00	Officer	$326,169	$95,340	$421,509
VIVIENNE DESTEFANO	SVP CORPORATE AFFAIRS	40.00	Officer	$310,778	$84,581	$395,359
JOHN CHOW	CISO	40.00	Officer	$214,771	$72,322	$287,093
NICHOLAS VANDUYNE	SVP & CIO	40.00	Officer	$290,312	$104,925	$395,237
MAGDALENA MANDZIELEWSKA	AVP, COMPLIANCE & PRIVACY OFFICER	40.00	Officer	$213,634	$49,597	$263,231
MAUREEN O'CONNOR	VP CUSTOMER EXPERIENCE & MARKETING	40.00	Key Emp	$226,720	$62,547	$289,267
KIMBERLY FRANCOIS	VP PROJECT MGMT OPERATIONS	40.00	Key Emp	$235,730	$27,846	$263,576
STEPHANIE SCOTT	AVP, HUMAN RESOURCES	40.00	Key Emp	$205,842	$29,463	$235,305
GERI ALMER	CONTROLLER & SR. DIRECTOR FINANCE	40.00	Highest	$204,822	$51,570	$256,392
SUE-ANN VILLANO	AVP, SUPPORT SERVICES	40.00	Highest	$201,455	$66,965	$268,420
SHEETAL KAIRAWALA	LEAD INTEGRATION ENGINEER	40.00	Highest	$185,079	$88,817	$273,896
HAROLD DEL PINO	DIR. BUSINESS REL. MGMT.	40.00	Highest	$174,727	$49,401	$224,128
STEVEN GIANG	INTEGRATION ENGINEER	40.00	Highest	$170,969	$38,883	$209,852

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	No data	No data	No data	No data
2023	$24,973,489	$24,480,364	$26,541,737	$493,125
2022	$20,930,804	$20,715,246	$25,869,695	$215,558
2021	$23,546,551	$19,484,286	$24,127,296	$4,062,265
2020	$28,962,338	$20,104,323	$21,834,343	$8,858,015
2019	$18,624,204	$19,034,741	$11,438,478	$-410,537
2018	$18,907,405	$18,836,823	$11,537,571	$70,582

HEALTHIX INC