HEALTH FACILITIES ASSOCIATION OF M… - Form 990 Financial Data

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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

1949

Legal Domicile

Principal Officer

MICHAEL JACOBS

Phone

4102905132

Tax Period

2024-01-01 to 2024-12-31

HEALTH FACILITIES ASSOCIATION OF MD INC CO LIZ ATKINSON, founded in 1949, is a small nonprofit that reported $687K in total revenue in fiscal year 2024. Expenses of $982K exceeded revenue, resulting in a 43% operating deficit.

Mission

TRADE ASSOCIATION

Program Service Accomplishments

Program 1

PROGRAMS ALLOW MEMBERS TO CONVENE TO DISCUSS INDUSTRY RELATED TOPICS. MEMBERSHIP COMMUNICATIONS ASSIST MEMBERS WITH KEEPING CURRENT WITH ASSOCIATION ACTIVITIES AND INDUSTRY STANDARDS.

Program 2

MEMBER COMMITTEES,COMMUNICATIONS AND GOVERNMENT RELATIONS ALLOW MEMBERS TO DISCUSS NURSING ISSUES AND COMMUNICATE THOSE TOPIC TO MEMBERSHIP, LEGISLATORS, STATE EXECUTIVES AND REGULATORS.

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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 $0

Program Service Revenue $587,935

Investment Income $-10,286

Other Revenue $108,956

TOTAL REVENUE $686,605

Expense Breakdown

Grants Paid $0

Salaries & Benefits $689,005

Fundraising Expenses $0

Other Expenses $292,521

TOTAL EXPENSES $981,526

Year-over-Year Comparison

	2024	2023	Change
Revenue	$686,605	$697,510	0.0%
Expenses	$981,526	$971,914	+0.0%
Net Income	$-294,921	$-274,404	+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

N/A

Employees

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
JOSEPH DEMATTOS JR	PRESIDENT	50.00		$459,655	$0	$459,655
GABBI CHARNOWITZ	Director	60.00	Director	$0	$0	$0
DAREN CORTESE	PAST CHAIRMAN	0.00	Director	$0	$0	$0
MICHAEL JACOBS	Chairman	0.00	Director	$0	$0	$0
MICHAEL SMITH	Director	0.00	Director	$0	$0	$0
GARY ATTMAN	Director	0.00	Director	$0	$0	$0
MICHAEL EWING	Director	0.00	Director	$0	$0	$0
KATHY GALLIN	Director	0.00	Director	$0	$0	$0
DEBORAH GRAVES	VICE CHAIR	0.00	Director	$0	$0	$0
TIM DAVIS	Director	0.00	Director	$0	$0	$0
LEANA HOOVER	Director	0.00	Director	$0	$0	$0
BRIAN KLAUSMEYER	Director	0.00	Director	$0	$0	$0
BRUCE LEDERMAN	Director	0.00	Director	$0	$0	$0
KAREN HALL-THICKMAN	Director	0.00	Director	$0	$0	$0
HINDY SPIEGEL	Director	0.00	Director	$0	$0	$0
AMY MAXWELL	Director	0.00	Director	$0	$0	$0
DAN PETERS	Director	0.00	Director	$0	$0	$0
AMY NILES	Treasurer	0.00	Director	$0	$0	$0
JOHN SPARDO	Director	0.00	Director	$0	$0	$0
PATRICK TROTTA	Director	0.00	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
2024	$686,605	$981,526	$405,860	$-294,921
2023	$697,510	$971,914	$733,766	$-274,404
2022	$1,186,902	$1,083,019	$1,012,609	$103,883
2021	$1,215,063	$1,290,657	$909,769	$-75,594
2020	$1,226,041	$1,201,745	$1,020,632	$24,296
2019	$1,222,685	$1,326,716	$987,229	$-104,031
2018	$1,350,892	$1,410,120	$1,072,067	$-59,228

HEALTH FACILITIES ASSOCIATION OF MD INC CO LIZ ATKINSON