HEALTHCARE EDUCATION FOUNDATION OF WEST VIRGINIA (EIN 556028466) - 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

1966

Legal Domicile

Principal Officer

M JAMES KAUFMAN

Phone

3043449744

Tax Period

2023-01-01 to 2023-12-31

HEALTHCARE EDUCATION FOUNDATION OF WEST VIRGINIA, founded in 1966, is a community nonprofit that reported $3.1M in total revenue in fiscal year 2023.

Mission

THE HEALTHCARE EDUCATION FOUNDATION (HEF) IS COMMITTED TO PROVIDING EDUCATION OPPORTUNITIES THROUGH STATE AND FEDERAL GRANTS.

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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 (2023)

Revenue Breakdown

Contributions & Grants $2,637,954

Program Service Revenue $435,079

Investment Income $34,798

Other Revenue $0

TOTAL REVENUE $3,107,831

Expense Breakdown

Grants Paid $1,141,000

Salaries & Benefits $355,321

Fundraising Expenses $0

Program Expenses $2,455,441

Other Expenses $1,697,535

TOTAL EXPENSES $3,193,856

Year-over-Year Comparison

	2023	2022	Change
Revenue	$3,107,831	$3,006,964	+0.0%
Expenses	$3,193,856	$3,259,821	0.0%
Net Income	$-86,025	$-252,857	-0.7%

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

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

$987,872

Total Directors

$675,805

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ANGELA SWEARINGEN	CHAIR	5.00	Officer Director	$0	$0	$0
JAMES KAUFMAN	SECRETARY/TREASURER (WVHA CEO)	5.00	Officer Director	$0	$89,613	$675,805
SEAN SMITH	TRUSTEE	5.00	Director	$0	$0	$0
MICHELLE DEEDS	TRUSTEE	5.00	Director	$0	$0	$0
VICTORIA JONES	TRUSTEE	5.00	Director	$0	$0	$0
MELANIE DEMPSEY	VP FINANCIAL POLICY	10.00	Officer	$0	$27,931	$312,067
SAMANTHA STAMPER	DIRECTOR	40.00	Highest	$112,456	$6,657	$119,113
JOSEPH M LETNAUNCHYN	FORMER WVHA CEO	0.00		$0	$0	$228,184

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	No data	No data	No data	No data
2023	$3,107,831	$3,193,856	$1,881,189	$-86,025
2022	$3,006,964	$3,259,821	$1,665,849	$-252,857
2021	$3,879,438	$4,066,797	$997,259	$-187,359
2020	$3,299,496	$3,759,232	$534,061	$-459,736
2019	$2,076,862	$2,211,302	$505,561	$-134,440
2018	$1,929,927	$2,087,696	$916,277	$-157,769

HEALTHCARE EDUCATION FOUNDATION OF WEST VIRGINIA