FREDERICK HEALTH INC (EIN 454133096) - 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

THOMAS A KLEINHANZL

Phone

2405663300

Tax Period

2022-07-01 to 2023-06-30

FREDERICK HEALTH INC, founded in 2011, is a community nonprofit in the Health Care sector that reported $2.4M in total revenue in fiscal year 2022. Revenue decreased 12% compared to the prior year. Expenses of $6.3M exceeded revenue, resulting in a 159% operating deficit.

Mission

TO POSITIVELY IMPACT THE WELL-BEING OF EVERY INDIVIDUAL IN OUR COMMUNITY.

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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 $2,449,329

Investment Income $0

Other Revenue $0

TOTAL REVENUE $2,449,329

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,931,266

Fundraising Expenses $0

Program Expenses $6,342,816

Other Expenses $4,411,550

TOTAL EXPENSES $6,342,816

Year-over-Year Comparison

	2022	2021	Change
Revenue	$2,449,329	$2,777,803	-0.1%
Expenses	$6,342,816	$5,072,776	+0.3%
Net Income	$-3,893,487	$-2,294,973	+0.7%

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

N/A

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

$1,939,045

Total Directors

$2,136,128

Key Employees

$668,829

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
THOMAS A KLEINHANZL	PRESIDENT AND CEO	2.00	Officer Director	$1,134,727	$366,456	$1,501,183
MICHELLE K MAHAN	SR. VP & CFO THROUGH 8/6/22	1.00		$643,631	$44,464	$688,095
CHERYL L CIOFFI	SVP COO	14.00	Key Emp	$598,776	$70,053	$668,829
MIHIR JANI MD	CHIEF OF STAFF	1.00	Director	$0	$30,273	$604,543
HANNAH R JACOBS	SR. VP & CFO START 4/4/22	2.00	Officer	$391,111	$46,751	$437,862
MICHELE GHIM MD	CHIEF OF STAFF	1.00	Director	$30,402	$0	$30,402
GORDON COOLEY	CHAIRMAN	2.00	Officer Director	$0	$0	$0
NIKKI MOBERLY	VICE CHAIRMAN	2.00	Officer Director	$0	$0	$0
RICHARD H OHNMACHT	TREASURER STARTING 09/22	2.00	Officer Director	$0	$0	$0
ALAN D MAWDSLEY	TREASURER THROUGH 09/22	2.00	Officer Director	$0	$0	$0
DARYL BOFFMAN	SECRETARY	2.00	Officer Director	$0	$0	$0
PATRICIA HANBERRY	DIRECTOR	1.00	Director	$0	$0	$0
STEPHEN JOHNSON	DIRECTOR	2.00	Director	$0	$0	$0
KARLYS KLINE	DIRECTOR	1.00	Director	$0	$0	$0
GEORGE LITTRELL III	DIRECTOR	1.00	Director	$0	$0	$0
J FREDERICK MANNING	DIRECTOR THROUGH 09/22	1.00	Director	$0	$0	$0
NANCY NEWMISTER	DIRECTOR	1.00	Director	$0	$0	$0
ELIZABETH PAKENAS	DIRECTOR	1.00	Director	$0	$0	$0
JAMES PLAMONDON	DIRECTOR	1.00	Director	$0	$0	$0
PATRICIA L RAY	DIRECTOR	4.00	Director	$0	$0	$0
GERRIT SCHIPPER MD	DIRECTOR	1.00	Director	$0	$0	$0
SHUCHI SHARMA	DIRECTOR	1.00	Director	$0	$0	$0
ANDREA VAUGHAN	DIRECTOR	1.00	Director	$0	$0	$0
ARTHUR SAGOSKIN	DIRECTOR	1.00	Director	$0	$0	$0
HARRIET BROWN	DIRECTOR	1.00	Director	$0	$0	$0
JASON LEE	DIRECTOR	1.00	Director	$0	$0	$0
DENISE ROLLINS PHD	DIRECTOR	1.00	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
2025	No data	No data	No data	No data
2024	No data	No data	No data	No data
2023	$2,449,329	$6,342,816	$339,165,145	$-3,893,487
2022	$2,777,803	$5,072,776	$345,428,935	$-2,294,973
2021	$3,688,271	$4,063,994	$369,767,180	$-375,723
2020	$1,361,598	$3,192,669	$309,508,523	$-1,831,071
2019	$562,051	$1,733,410	$276,226,684	$-1,171,359
2018	$5,130,189	$5,609,182	$255,994,542	$-478,993

FREDERICK HEALTH INC