IHA HOSPITAL ASSISTANCE FOUNDATION INC (EIN 455573749) - 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

Principal Officer

TERRY COLE

Phone

3176334870

Tax Period

2024-01-01 to 2024-12-31

IHA HOSPITAL ASSISTANCE FOUNDATION INC, founded in 2012, is a small nonprofit in the Public & Societal Benefit sector that reported $344K in total revenue in fiscal year 2024. Revenue fell 90% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $137K, a strong 40% operating margin.

Mission

PROVIDE FINANCIAL ASSISTANCE TO INDIANA HOSPITALS ATTRIBUTABLE TO UNDERCOMPENSATED OR CHARITY HEALTH CARE.

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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 (2024)

Revenue Breakdown

Contributions & Grants $235,873

Program Service Revenue $0

Investment Income $107,978

Other Revenue $0

TOTAL REVENUE $343,851

Expense Breakdown

Grants Paid $182,787

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $182,787

Other Expenses $24,043

TOTAL EXPENSES $206,830

Year-over-Year Comparison

	2024	2023	Change
Revenue	$343,851	$3,617,475	-0.9%
Expenses	$206,830	$2,318,553	-0.9%
Net Income	$137,021	$1,298,922	-0.9%

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

$2,230,925

Total Directors

$1,767,791

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BRIAN TABOR	PRESIDENT (END 6/2024)	1.00	Officer Director	$0	$45,333	$1,326,316
SHAWN MCCOY	DIRECTOR	1.00	Director	$0	$0	$0
BRAD SMITH	DIRECTOR	1.00	Director	$0	$0	$0
CAROL DOZIER	DIRECTOR	1.00	Director	$0	$0	$0
STEVEN M HOLMAN	DIRECTOR	1.00	Director	$0	$0	$0
SCOTT TITTLE	PRESIDENT (START 11/2024)	1.00	Officer Director	$0	$3,420	$69,475
BLAKE DYE	INTERIM PRESIDENT (7/24 TO 11/24)	1.00	Officer Director	$0	$0	$372,000
TERRY COLE	VICE PRESIDENT	1.00	Officer	$0	$73,721	$463,134

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	$343,851	$206,830	$1,561,169	$137,021
2023	$3,617,475	$2,318,553	$2,534,639	$1,298,922
2022	$678,912	$678,746	$271,782	$166
2021	$2,833,766	$2,833,561	$561,665	$205
2019	$2,293,610	$2,292,912	$448,168	$698
2018	$2,027,113	$2,026,493	$518,665	$620

IHA HOSPITAL ASSISTANCE FOUNDATION INC