Healthcare Ready (EIN 463134601) - 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

2013

Legal Domicile

Principal Officer

Phyllis Arthur

Tax Period

2025-01-01 to 2025-12-31

Healthcare Ready, founded in 2013, is a small nonprofit in the Health Care sector that reported $110K in total revenue in fiscal year 2025. Revenue fell 94% from the prior year — a significant decline worth monitoring. Expenses of $1.2M exceeded revenue, resulting in a 994% operating deficit.

Mission

Healthcare Ready leverages unique relationships with government, nonprofit, and medical supply chains to build and enhance the resiliency of communities before, during and after disasters.

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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 (2025)

Revenue Breakdown

Contributions & Grants $41,500

Program Service Revenue $41,269

Investment Income $25,885

Other Revenue $1,130

TOTAL REVENUE $109,784

Expense Breakdown

Grants Paid $0

Salaries & Benefits $832,719

Fundraising Expenses $0

Program Expenses $741,577

Other Expenses $368,679

TOTAL EXPENSES $1,201,398

Year-over-Year Comparison

	2025	2024	Change
Revenue	$109,784	$1,791,428	-0.9%
Expenses	$1,201,398	$1,647,085	-0.3%
Net Income	$-1,091,614	$144,343	-8.6%

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

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

$134,341

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Phyllis Arthur	Chair	1.00	Officer Director	$0	$0	$0
Bruce Altevogt	Treasurer	1.00	Officer Director	$0	$0	$0
Perry Fri	Board Member	1.00	Director	$0	$0	$0
Erik Little	Board Member	1.00	Director	$0	$0	$0
Sara Roszak	Board Member	1.00	Director	$0	$0	$0
Julie Abrams	Acting Executive Director	40.00	Officer	$122,562	$11,779	$134,341
Samson Mesfin	Assoc. Dir.of Finance/Compliance	40.00	Highest	$118,383	$22,846	$141,229
Angie Im	Assoc. Dir.of Programs/Policy	40.00	Highest	$123,621	$13,020	$136,641

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	$109,784	$1,201,398	$547,025	$-1,091,614
2024	$1,791,428	$1,647,085	$1,649,693	$144,343
2023	$1,543,287	$2,037,703	$1,503,448	$-494,416
2022	$1,341,526	$2,261,415	$2,232,476	$-919,889
2021	$3,148,420	$2,074,340	$2,980,753	$1,074,080
2020	$3,400,001	$1,810,320	$2,413,204	$1,589,681
2019	$1,048,540	$1,249,664	$472,647	$-201,124
2018	$945,044	$1,108,426	$510,151	$-163,382
2018	$945,044	$1,108,426	$510,151	$-163,382

Healthcare Ready