CalvertHealth Foundation Inc (EIN 521680647) - 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

1989

Legal Domicile

Phone

4105354000

Tax Period

2024-07-01 to 2025-06-30

CalvertHealth Foundation Inc, founded in 1989, is a community nonprofit in the Health Care sector that reported $2.5M in total revenue in fiscal year 2024. Revenue decreased 7% compared to the prior year. The organization ran a surplus of $1.4M, a strong 55% operating margin.

Mission

The CalvertHealth Foundation is focused on the development, optimization and operation of multiple charitable donation programs to maximize support for CalvertHealth Medical Center and its subsidiaries whose vision is to provide exceptional care and make a difference in every life they touch.

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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 $2,354,515

Program Service Revenue $0

Investment Income $232,291

Other Revenue $-83,458

TOTAL REVENUE $2,503,348

Expense Breakdown

Grants Paid $1,008,400

Salaries & Benefits $0

Fundraising Expenses $280

Program Expenses $1,108,413

Other Expenses $119,005

TOTAL EXPENSES $1,127,405

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,503,348	$2,684,228	-0.1%
Expenses	$1,127,405	$1,435,310	-0.2%
Net Income	$1,375,943	$1,248,918	+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

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

$1,751,442

Total Directors

$965,242

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Barry Friedman	Vice Chair	1.0	Officer Director	$0	$0	$0
Bob Carpenter	Second Vice Chair	5.0	Officer Director	$0	$0	$0
Frank Smith	Chair/Secretary - Treasurer	1.0	Officer Director	$0	$0	$0
Grace Anastasi	Nominating Chair	2.0	Officer Director	$0	$0	$0
Jeremy Bradford	Ex-Officio - CEO	1.0	Officer Director	$0	$132,298	$965,242
Chad Day	Trustee (Started 1/1/25)	1.0	Director	$0	$0	$0
Dixie Miller	Trustee	1.0	Director	$0	$0	$0
Dwayne Hooper	Trustee	1.0	Director	$0	$0	$0
John Michael Brooks	Trustee (Started 1/1/25)	1.0	Director	$0	$0	$0
Julie Cornellier	Trustee	12.0	Director	$0	$0	$0
Maria Icaza	Trustee	2.0	Director	$0	$0	$0
Nickie Danisha Zancan	Trustee	5.0	Director	$0	$0	$0
Tamika Tremaglio	Trustee	2.0	Director	$0	$0	$0
William Gaines	Trustee	2.0	Director	$0	$0	$0
Carolyn Heithaus	Ex-Officio - CFO	1.0	Officer	$0	$69,069	$786,200

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	$2,503,348	$1,127,405	$9,225,828	$1,375,943
2024	$2,684,228	$1,435,310	$7,698,255	$1,248,918
2023	$1,057,947	$1,037,912	$6,436,398	$20,035
2022	$1,461,226	$1,595,370	$7,132,327	$-134,144
2021	$1,324,503	$1,131,410	$7,075,005	$193,093
2020	$879,375	$2,182,324	$6,224,821	$-1,302,949
2019	$2,171,673	$602,008	$7,685,331	$1,569,665
2018	$3,076,476	$786,081	$6,228,118	$2,290,395

CalvertHealth Foundation Inc