HEALTH ESSENTIAL ASSOCIATION INC

EIN: 452871053

BROOKLYN, NY

Total Revenue
$218,081
Total Expenses
$241,630
Total Assets
$416,537
Net Assets
$-653,694
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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
2011
Legal Domicile
NY
Principal Officer
LINA N CHEN
Tax Period
2023-07-01 to 2024-06-30

HEALTH ESSENTIAL ASSOCIATION INC, founded in 2011, is a small nonprofit that reported $218K in total revenue in fiscal year 2023. Revenue surged 149% from the prior year, signaling strong growth momentum. Expenses of $242K exceeded revenue, resulting in a 11% operating deficit.

Mission

Provide health information to local residents

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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 (2023)

Revenue Breakdown

Contributions & Grants $218,081
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $218,081

Expense Breakdown

Grants Paid $8,700
Salaries & Benefits $104,394
Fundraising Expenses $0
Program Expenses $10,069
Other Expenses $128,536
TOTAL EXPENSES $241,630

Year-over-Year Comparison

2023 2022 Change
Revenue $218,081 $87,441 +1.5%
Expenses $241,630 $113,737 +1.1%
Net Income $-23,549 $-26,296 -0.1%
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

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Governance

Voting Members
N/A
Independent Members
N/A
Employees
10
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
2
$18,000
Total Directors
2
$18,000
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
YUAN B MAI TREASURER 0.00
Officer Director
$18,000 $0 $18,000
LINA N CHEN DIRECTOR 0.00
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 $218,081 $241,630 $416,537 $-23,549
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