The HealthSource Foundation (EIN 454682089) - 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

2012

Legal Domicile

Phone

5135767700

Tax Period

2023-01-01 to 2023-12-31

The HealthSource Foundation, founded in 2012, is a small nonprofit in the Human Services sector that reported $327K in total revenue in fiscal year 2023. Revenue fell 21% from the prior year — a significant decline worth monitoring. Expenses of $368K exceeded revenue, resulting in a 12% operating deficit.

Mission

THE HEALTHSOURCE FOUNDATION IS COMMITTED TO PROVIDING OPPORTUNITIES AND ENCOURAGING EXPRESSIONS OF SUPPORT TO IMPACT THE MISSION OF HEALTHSOURCE OF OHIO.

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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 $297,143

Program Service Revenue $0

Investment Income $25,785

Other Revenue $4,360

TOTAL REVENUE $327,288

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $368,112

Other Expenses $368,112

TOTAL EXPENSES $368,112

Year-over-Year Comparison

	2023	2022	Change
Revenue	$327,288	$412,652	-0.2%
Expenses	$368,112	$471,655	-0.2%
Net Income	$-40,824	$-59,003	-0.3%

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

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

$416,453

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
N/A	CHAIRPERSON	1.0	Officer Director	$0	$0	$0
N/A	VICE CHAIRPERSON	1.0	Officer Director	$0	$0	$0
N/A	MEMBER	1.0	Director	$0	$0	$0
N/A	MEMBER	1.0	Director	$0	$0	$0
N/A	MEMBER	1.0	Director	$0	$0	$0
N/A	HSO CEO	1.0	Officer	$0	$41,842	$416,453

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	$327,288	$368,112	$1,617,687	$-40,824
2022	$412,652	$471,655	$1,635,937	$-59,003
2021	$581,638	$157,331	$1,754,050	$424,307
2020	$650,189	$103,620	$1,377,038	$546,569
2019	$464,718	$262,788	$1,087,388	$201,930
2018	$148,069	$195,511	$868,100	$-47,442

The HealthSource Foundation