HENDERSONVANCE HEALTHCARE INC (EIN 560603925) - 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

1931

Legal Domicile

Principal Officer

MICHAEL H BRAFFORD

Phone

2524384143

Tax Period

2023-10-01 to 2024-09-30

HENDERSONVANCE HEALTHCARE INC, founded in 1931, is a community nonprofit in the Health Care sector that reported $2.0M in total revenue in fiscal year 2023. Revenue surged 118% from the prior year, signaling strong growth momentum. The organization ran a surplus of $914K, a strong 46% operating margin.

Mission

HEALTHCARE SERVICES TO RESIDENTS OF VANCE COUNTY AND SURROUNDING COUNTIES OF FRANKLIN, GRANVILLE AND WARREN.

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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 $0

Program Service Revenue $617,103

Investment Income $1,323,841

Other Revenue $29,256

TOTAL REVENUE $1,970,200

Expense Breakdown

Grants Paid $978,640

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $1,056,284

Other Expenses $77,644

TOTAL EXPENSES $1,056,284

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,970,200	$905,411	+1.2%
Expenses	$1,056,284	$989,320	+0.1%
Net Income	$913,916	$-83,909	-11.9%

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

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MICHAEL H BRAFFORD	BOARD MEMBER	1.00	Director	$0	$0	$0
W RODWELL DRAKE JR MD	TREASURER	1.00	Officer Director	$0	$0	$0
DAVID CARVER	CHAIRMAN	1.00	Officer Director	$0	$0	$0
RUTH JONES	BOARD MEMBER	1.00	Director	$0	$0	$0
WOODY CAUDLE	SECRETARY	1.00	Officer Director	$0	$0	$0
CHIP HIGHT	BOARD MEMBER	1.00	Director	$0	$0	$0
MACK CHOPLIN	BOARD MEMBER	1.00	Director	$0	$0	$0

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	$1,970,200	$1,056,284	$56,765,895	$913,916
2023	$905,411	$989,320	$55,863,955	$-83,909
2022	$-3,030,416	$582,752	$55,978,988	$-3,613,168
2021	$9,930,276	$663,975	$59,618,088	$9,266,301
2020	$3,845,949	$639,057	$50,360,950	$3,206,892

HENDERSONVANCE HEALTHCARE INC