THE HEALTHCARE COUNCIL INC

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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

1981

Legal Domicile

Principal Officer

LESLIE H PITTON JR

Phone

3017325411

Tax Period

2024-01-01 to 2024-12-31

THE HEALTHCARE COUNCIL INC, founded in 1981, is a small nonprofit that reported $207K in total revenue in fiscal year 2024. Expenses of $185K left a modest 10% surplus.

Mission

THE HEALTHCARE COUNCIL IS A MEMBERSHIP ORGANIZATION DEDICATED TO HELPING MEMBERS REDUCE COSTS, ENCOURAGING CO-OPERATIVE WORKING RELATIONSHIPS, AND PROMOTING QUALITY HEALTHCARE IN OUR REGION. THE VISION IS TO MEET THE HEALTHCARE CHALLENGES OF TOMORROW BY WORKING TOGETHER TODAY.

Program Service Accomplishments

Program 1

Expenses: $146,087 Revenue: $37,300

THE HEALTHCARE COUNCIL IS A 501(C)(3) ORGANIZATION CONSISTING OF HOSPITALS AND ALLIED HEALTH CARE FACILITIES, ASSOCIATIONS AND EDUCATIONAL INSTITUTIONS LOCATED IN THE MID-ATLANTIC REGION. THE PURPOSE OF THE HEALTHCARE COUNCIL IS TO PROVIDE FOR MEMBERS "STRATEGIC AND BUSINESS ADVANTAGES" THAT NO SINGLE INSTITUTION OR SYSTEM CAN EFFICIENTLY OR ECONOMICALLY DEVELOP ALONE. DIVISIONS OF SPECIFIC ACTIVITY HAVE BEEN FORMED TO CARRY ON THE EVER-CHANGING TASKS AT HAND. THESE DIVISIONS DEVELOP INFORMATION AND IMPROVE PERFORMANCE USING COOPERATIVE NETWORKING MEETINGS, SURVEYS, GROUP DISCUSSION AND ANALYSIS AND CONTINUING EDUCATION PROGRAMS. THE AIM OF THE HEALTHCARE COUNCIL'S WHOLLY OWNED SUBSIDIARY, SHARESOURCE IS TO SERVE ITS MEMBERSHIP IN THE PROMOTION OF PROGRAMS AND SERVICES THAT WILL ENHANCE THE MEMBERS' ABILITY TO OPERATE THEIR ORGANIZATIONS SUCCESSFULLY AND COST EFFECTIVELY WITH INTEGRITY AND COMPETENCY.

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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 $153,000

Program Service Revenue $37,300

Investment Income $16,217

Other Revenue $0

TOTAL REVENUE $206,517

Expense Breakdown

Grants Paid $5,000

Salaries & Benefits $74,870

Fundraising Expenses $0

Program Expenses $146,087

Other Expenses $105,501

TOTAL EXPENSES $185,371

Year-over-Year Comparison

	2024	2023	Change
Revenue	$206,517	$214,983	0.0%
Expenses	$185,371	$211,289	-0.1%
Net Income	$21,146	$3,694	+4.7%

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

$158,313

Total Directors