COLA 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

1988

Legal Domicile

Phone

4103816581

Tax Period

2024-07-01 to 2025-06-30

COLA INC, founded in 1988, is a mid-sized nonprofit in the Health Care sector that reported $13.4M in total revenue in fiscal year 2024. Expenses of $12.4M left a modest 7% surplus.

Mission

COLA, INC. IS A PHYSICIAN-DIRECTED ORGANIZATION WHOSE PURPOSE IS TO PROMOTE HEALTH AND SAFETY THROUGH ACCREDITATION AND EDUCATIONAL PROGRAMS.

Program Service Accomplishments

Program 1

Expenses: $9,002,463 Revenue: $11,682,096

ACCREDITATION PRODUCTS: THIS DIVISION IS RESPONSIBLE FOR SCHEDULING ON-SITE SURVEYS FOR THE LABORATORY ACCREDITATION PROGRAM, HANDLING THE PAPERFLOW & TRACKING THE VALIDATION OF EACH PARTICIPANTS...

ACCREDITATION PRODUCTS: THIS DIVISION IS RESPONSIBLE FOR SCHEDULING ON-SITE SURVEYS FOR THE LABORATORY ACCREDITATION PROGRAM, HANDLING THE PAPERFLOW & TRACKING THE VALIDATION OF EACH PARTICIPANTS PROGRESS THROUGH THE ACCREDITATION PROCESS. COLA'S UNIFORM SET OF FACILITY CRITERIA ADDRESSES ISSUES OF SAFETY, PATIENT CONVENIENCE AND ACCESS. MEDICAL REPORTS FOR EACH PHYSICIAN ARE REVIEWED FOR COMPLIANCE AND CONTENT, ORGANIZATION, CONFIDENTIALITY AND SAFETY STANDARDS.

Program 2

Expenses: $653,000 Revenue: $755,031

EDUCATION DIVISION: THIS DIVISION PRODUCES NUMEROUS TECHNICAL RESOURCES, FORMS, LETTERS, COURSES AND OTHER E-LEARNING EDUCATIONAL MATERIAL.

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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 $12,437,127

Investment Income $915,991

Other Revenue $0

TOTAL REVENUE $13,353,118

Expense Breakdown

Grants Paid $0

Salaries & Benefits $9,203,084

Fundraising Expenses $0

Program Expenses $9,655,463

Other Expenses $3,229,593

TOTAL EXPENSES $12,432,677

Year-over-Year Comparison

	2024	2023	Change
Revenue	$13,353,118	$13,158,686	+0.0%
Expenses	$12,432,677	$12,748,526	0.0%
Net Income	$920,441	$410,160	+1.2%

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

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

$1,232,523

Total Directors

Key Employees

$2,006,459

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DONNA E SWEET MD	DIRECTOR	1.0	Director	$0	$0	$0
EMMANUEL KENTA-BIBI	DIRECTOR	1.0	Director	$0	$0	$0
KEITH E DAVIS MD	CHAIR	1.0	Director	$0	$0	$0
LISA BOHMAN EGBERT MD	DIRECTOR	1.0	Director	$0	$0	$0
LYNN JEFFERS MD	DIRECTOR	1.0	Director	$0	$0	$0
MADELYN BUTLER MD	DIRECTOR	1.0	Director	$0	$0	$0
MARY MCDONALD MD	VICE CHAIR	1.0	Director	$0	$0	$0
NIRALI PATEL MD	DIRECTOR	1.0	Director	$0	$0	$0
RICHARD S EISENSTAEDT MD	DIRECTOR	1.0	Director	$0	$0	$0
RW CHIP WATKINS MD	DIRECTOR	1.0	Director	$0	$0	$0
STEVEN R PESKIN MD	DIRECTOR	1.0	Director	$0	$0	$0
VERLIN K JANZEN MD	DIRECTOR	1.0	Director	$0	$0	$0
KATHY NUCIFORA	COO & SECRETARY	40.0	Officer	$326,051	$37,233	$363,284
LOVELY KURIAKOSE	CONTROLLER/TREASURER	40.0	Officer	$165,176	$10,947	$176,123
NANCY B STRATTON	CEO AND PRESIDENT	40.0	Officer	$635,811	$57,305	$693,116
BETTY KATHRYN CONNOLLY	DIRECTOR OF QMS & IT LIASON	40.0	Key Emp	$179,126	$41,677	$220,803
DAVID CHHIENG	CMO	40.0	Key Emp	$544,870	$43,702	$588,572
ERIKA SILVERMAN HOLDERNESS	CHRO	40.0	Key Emp	$279,859	$71,687	$351,546
Jeannie St Pierre	Director of Business Development	40.0	Key Emp	$183,781	$18,023	$201,804
KATHLEEN R WILSON	DIRECTOR OF PATHOLOGY	40.0	Key Emp	$177,281	$29,268	$206,549
TAMMY L ZINSMEISTER	CHIEF INNOVATION OFFICER	40.0	Key Emp	$386,680	$50,505	$437,185
DANIELLE T STROUGHTON DUNCAN	DIRECTOR OF EDUCATION	40.0	Highest	$138,503	$8,799	$147,302
DONTE K DUDLEY	BUSINESS DEVELOPMENT ASSOCIATE	40.0	Highest	$253,042	$5,235	$258,277
JESSICA L MUFFOLETTO	DIRECTOR OF EVENTS	40.0	Highest	$128,809	$11,797	$140,606
Ken Cogan	Project Manager	40.0	Highest	$130,797	$26,412	$157,209
TIFFANY P EAMON	DIRECTOR OF ACCREDITATION	40.0	Highest	$149,492	$21,515	$171,007

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
2025	$13,353,118	$12,432,677	$20,851,337	$920,441
2024	No data	No data	No data	No data
2023	$13,060,133	$12,636,934	$19,258,391	$423,199
2022	$13,872,224	$11,819,067	$26,205,861	$2,053,157
2021	$13,178,157	$10,866,258	$27,396,378	$2,311,899
2020	$12,495,022	$11,260,875	$22,083,298	$1,234,147
2018	$12,371,340	$13,009,093	$24,163,613	$-637,753