HEALTH CONNECT SOUTH (EIN 463967515) - 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

RUSS LIPARI

Phone

4045801214

Tax Period

2023-01-01 to 2023-12-31

HEALTH CONNECT SOUTH, founded in 2013, is a small nonprofit in the Health Care sector that reported $160K in total revenue in fiscal year 2023. Revenue fell 32% from the prior year — a significant decline worth monitoring. Expenses of $230K exceeded revenue, resulting in a 44% operating deficit.

Mission

HEALTH CONNECT SOUTH SERVES THE HEALTH COMMUNITY AS A PLATFORM TO PROMOTE REGIONAL HEALTHCOLLABORATIONS.

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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 $108,000

Program Service Revenue $51,664

Investment Income $0

Other Revenue $0

TOTAL REVENUE $159,664

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $229,769

TOTAL EXPENSES $229,769

Year-over-Year Comparison

	2023	2022	Change
Revenue	$159,664	$233,309	-0.3%
Expenses	$229,769	$295,812	-0.2%
Net Income	$-70,105	$-62,503	+0.1%

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

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
RUSS LIPARI	PRESIDENT	30.00	Officer Director	$0	$0	$0
TOM HAWK	SECRETARY	2.00	Officer Director	$0	$0	$0
ANNIC JOBIN	BOARD MEMBER	1.00	Director	$0	$0	$0
BOB CRUTCHFIELD	BOARD MEMBER	1.00	Director	$0	$0	$0
DENNIS LIOTTA	BOARD MEMBER	1.00	Director	$0	$0	$0
JAMES WEYHENMEYER	BOARD MEMBER	1.00	Director	$0	$0	$0
SIMEON SESSSLEY	BOARD MEMBER	1.00	Director	$0	$0	$0
FRED SANFILIPPO	BOARD MEMBER	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
2023	$159,664	$229,769	$1,202	$-70,105
2022	$233,309	$295,812	$71,306	$-62,503
2021	$103,234	$177,282	$133,809	$-74,048
2020	$178,938	$169,585	$207,857	$9,353
2019	$257,293	$237,688	$198,804	$19,605

HEALTH CONNECT SOUTH