NORTH CHARLESTON, SC
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)CLOSING THE GAP IN HEALTH CARE INC, founded in 2004, is a small nonprofit in the Medical Research sector that reported $195K in total revenue in fiscal year 2024. Revenue fell 66% from the prior year — a significant decline worth monitoring. Expenses of $285K exceeded revenue, resulting in a 46% operating deficit.
TO DECREASE HEALTH DISPARITIES AND INCREASE HEALTH LITERACY AMONG UNDERSERVED AFRICAN AMERICAN COMMUNITIES IN SOUTH CAROLINA
Radio health tips were broadcast on several radio stations across South Carolina per day, reaching approximately 475,000 listeners. These health tips focus on COVID-19.
CGIHC used funds to support the outreach and community health literacy education in underserved communities. expenses included television commercials, televised health literacy campaigns, and radio...
CGIHC used funds to support the outreach and community health literacy education in underserved communities. expenses included television commercials, televised health literacy campaigns, and radio commercials aimed at health education. A $100,000 grant was reccived for this program in late 2023, and the funds were used in 2024.
Inceased health literacy in the underserved population
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2024 | 2023 | Change | |
|---|---|---|---|
| Revenue | $195,078 | $573,915 | -0.7% |
| Expenses | $285,177 | $477,185 | -0.4% |
| Net Income | $-90,099 | $96,730 | -1.9% |
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
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| THADDEUS J BELL | PRESIDENT & CEO | 35 |
Officer
Key Emp
|
$50,699 | $0 | $50,699 |
| GARY E BELL | TREASURER | 25 |
Officer
Key Emp
|
$22,880 | $0 | $22,880 |
| WILLI GLEE | CHAIRMAN OF THE BOARD | 1 |
Director
|
$0 | $0 | $0 |
| SAMUEL GRISWOLD | BOARD MEMBER | 1 |
Director
|
$0 | $0 | $0 |
| ARETHA JONES | BOARD MEMBER | 1 |
Director
|
$0 | $0 | $0 |
| DEAN FLOYD | BOARD MEMBER | 1 |
Director
|
$0 | $0 | $0 |
| MARGARET MAYS | BOARD MEMBER | 1 |
Director
|
$0 | $0 | $0 |
| JUANITA MAINOR HARPER | BOARD MEMBER | 1 |
Director
|
$0 | $0 | $0 |
| MONIQUE BROWN | BOARD MEMBER | 1 |
Director
|
$0 | $0 | $0 |
| DREW CLAWSON | BOARD MEMBER | 1 |
Director
|
$0 | $0 | $0 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2024 | $195,078 | $285,177 | $60,629 | $-90,099 |
| 2023 | $573,915 | $477,185 | $150,685 | $96,730 |
| 2022 | $474,090 | $472,135 | $57,930 | $1,955 |
| 2021 | $362,395 | $327,477 | $70,753 | $34,918 |
| 2020 | $51,449 | $167,276 | $31,968 | $-115,827 |
| 2019 | $252,715 | $253,422 | $134,257 | $-707 |
| 2018 | $153,834 | $168,216 | $135,527 | $-14,382 |
Compare CLOSING THE GAP IN HEALTH CARE INC with other nonprofits in South Carolina and across the country.