HDA RESEARCH FOUNDATION (EIN 521225130) - 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

1980

Legal Domicile

Principal Officer

PERRY FRI

Phone

2029631300

Tax Period

2024-01-01 to 2024-12-31

HDA RESEARCH FOUNDATION, founded in 1980, is a community nonprofit that reported $1.0M in total revenue in fiscal year 2024. Revenue decreased 15% compared to the prior year. Expenses of $912K left a modest 10% surplus.

Mission

THE FOUNDATION'S MISSION IS TO CONDUCT RESEARCH AND EDUCATION THAT CREATES KNOWLEDGE AND IDENTIFIES BUSINESS PRACTICES THAT IMPROVE THE EFFICIENCY, SAFETY AND INTEGRITY OF THE HEALTHCARE SUPPLY CHAIN. TO PROVIDE THOUGHT LEADERSHIP TO FURTHER ENHANCE THE SAFETY AND SECURITY OF THE HEALTHCARE SUPPLY CHAIN THROUGH FUTURE-FOCUSED STUDY AND PROGRAMMING.

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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 $707,450

Program Service Revenue $315,214

Investment Income $20,358

Other Revenue $-28,516

TOTAL REVENUE $1,014,506

Expense Breakdown

Grants Paid $0

Salaries & Benefits $521,144

Fundraising Expenses $291,685

Program Expenses $365,275

Other Expenses $390,615

TOTAL EXPENSES $911,759

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,014,506	$1,200,491	-0.2%
Expenses	$911,759	$1,133,973	-0.2%
Net Income	$102,747	$66,518	+0.5%

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

$3,804,132

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ANTHONY MIHELICH	VICE CHAIR	1.00	Officer Director	$0	$0	$0
STEVE GIULI	CHAIR	1.00	Officer Director	$0	$0	$0
ROBERT FASIOLA	DIRECTOR	1.00	Director	$0	$0	$0
HEATHER ZENK	DIRECTOR	1.00	Director	$0	$0	$0
RESA GILMORE	DIRECTOR	1.00	Director	$0	$0	$0
RENA GOINS	DIRECTOR	1.00	Director	$0	$0	$0
STEVE NOETZEL	DIRECTOR	1.00	Director	$0	$0	$0
STEVE WILHELM	DIRECTOR	1.00	Director	$0	$0	$0
MAYUR SHAH	DIRECTOR (ENDED 04/24)	1.00	Director	$0	$0	$0
KRISTI RONCO	DIRECTOR	1.00	Director	$0	$0	$0
CLINT SYVINSKI	DIRECTOR (ENDED 11/24)	1.00	Director	$0	$0	$0
AL PAONESSA	DIRECTOR (ENDED 12/24)	1.00	Director	$0	$0	$0
CRAIG COWMAN	DIRECTOR	1.00	Director	$0	$0	$0
ROBERT POTTER	DIRECTOR (ENDED 12/24)	1.00	Director	$0	$0	$0
RAMESH SRINVASAN	DIRECTOR	1.00	Director	$0	$0	$0
CHIP DAVIS	PRESIDENT & CEO	0.50	Officer	$24,825	$373,109	$2,359,099
PERRY FRI	EVP, COO	12.00	Officer	$191,035	$99,034	$735,818
ANN BITTMAN	EVP, TREASURER	2.00	Officer	$30,289	$103,431	$709,215

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	$1,014,506	$911,759	$1,003,391	$102,747
2023	$1,200,491	$1,133,973	$970,012	$66,518
2022	$965,082	$1,064,914	$872,172	$-99,832
2021	$848,541	$786,531	$904,274	$62,010
2020	$765,385	$983,561	$1,011,260	$-218,176
2019	$937,340	$831,190	$958,418	$106,150
2018	$865,636	$735,012	$1,012,680	$130,624

HDA RESEARCH FOUNDATION