Health Facilities Insurance Trust (EIN 476637864) - 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

2014

Legal Domicile

Principal Officer

Charles Edouard Gros

Phone

7183608083

Tax Period

2023-12-01 to 2024-11-30

Health Facilities Insurance Trust, founded in 2014, is a community nonprofit in the Mutual Benefit sector that reported $3.7M in total revenue in fiscal year 2023. Expenses of $4.7M exceeded revenue, resulting in a 29% operating deficit.

Mission

TO MAINTAIN THE ASSETS OF THEHEALTH BENEFIT PLAN KNOWN AS HEALTH FACILITIES INSURANCE TRUST.

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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 $0

Program Service Revenue $3,695,510

Investment Income $0

Other Revenue $0

TOTAL REVENUE $3,695,510

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $4,749,547

Other Expenses $246,348

TOTAL EXPENSES $4,749,547

Year-over-Year Comparison

	2023	2022	Change
Revenue	$3,695,510	$3,539,688	+0.0%
Expenses	$4,749,547	$4,293,235	+0.1%
Net Income	$-1,054,037	$-753,547	+0.4%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
SHLOMO BOEHM	Trustee	0.10	Director	$0	$0	$0
CHARLES-EDOUARD GROS	Trustee	0.10	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
2024	$3,695,510	$4,749,547	$8,079,231	$-1,054,037
2023	$3,539,688	$4,293,235	$9,134,308	$-753,547
2022	$3,535,378	$4,084,174	$9,885,715	$-548,796
2021	$4,006,286	$4,085,570	$10,435,696	$-79,284
2020	$5,640,337	$4,994,140	$10,534,110	$646,197
2019	$7,341,587	$4,936,282	$9,869,738	$2,405,305
2018	$6,504,085	$4,613,450	$7,490,536	$1,890,635

Health Facilities Insurance Trust