MINUTEMAN HEALTH INC (EIN 453596033) - 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

2011

Legal Domicile

Principal Officer

Kevin McAdoo

Phone

4137846971

Tax Period

2022-01-01 to 2022-12-31

MINUTEMAN HEALTH INC, founded in 2011, is a micro nonprofit that reported $781K in total revenue in fiscal year 2022. Revenue fell 3011% from the prior year — a significant decline worth monitoring.

Mission

MINUTEMAN HEALTH INC. MHI IS IN LIQUIDATION WHILE STILL ACTIVE IT PROVIDED HEALTH INSURANCE TO INDIVIDUALS AND EMPLOYERS IN MA AND NH. ON AUGUST 2 2017 AN ORDER OF REHABILITATION WAS FILED WITH THE SUPREME JUDICIAL COURT FOR SUFFOLK COUNTY THE COURT. THE ACTING COMMISSIONER OF INSURANCE FOR THE COMMONWEALTH OF MASSACHUSETTS AND HIS SUCCESSOR IN OFFICE WAS APPOINTED AS RECEIVER OF MHI FOR THE PURPOSE OF REHABILITATING MHI AND CONSERVING ITS ASSETS UNDER G.L.C. 176G PARAGRAPHS 20 AND 20A AND G.L.C. 175 PARAGRAPH 180B. AS OF DECEMBER 31 2017 ALL MHI MEMBER POLICIES WERE TERMINATED. ON APRIL 25 2018 AN ORDER OF LIQUIDATION WAS ENTERED BY THE COURT. THE COMMISSIONER OF INSURANCE WAS APPOINTED AS LIQUIDATOR OF MHI. ON SEPTEMBER 14 2022 AN ORDER AUTHORIZING THE FINAL DISTRIBUTION OF ASSETS DESTRUCTION OF RECORDS FILING OF NECESSARY TAX RETURNS AND CLOSING OF THIS PROCEEDING WAS ENTERED BY THE COURT.

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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 (2022)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $0

Investment Income $-781,016

Other Revenue $0

TOTAL REVENUE $-781,016

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $0

Other Expenses $0

TOTAL EXPENSES $0

Year-over-Year Comparison

	2022	2021	Change
Revenue	$-781,016	$26,828	-30.1%
Expenses	N/A	N/A	N/A
Net Income	N/A	$26,828	N/A

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

N/A

Independent Members

N/A

Employees

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
NONE	NONE	0.00	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
2022	$-781,016	No data	No data	No data
2021	$26,828	No data	$39,133,887	No data
2020	$418,321	No data	$39,371,103	No data
2019	$637,923	No data	$39,005,983	No data
2018	No data	No data	$41,728,126	No data

MINUTEMAN HEALTH INC