FETTER HEALTH CARE NETWORK INC (EIN 570604703) - 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

1969

Legal Domicile

Principal Officer

DR ARETHA POWERS

Phone

8437224112

Tax Period

2023-04-01 to 2024-03-31

FETTER HEALTH CARE NETWORK INC, founded in 1969, is a mid-sized nonprofit that reported $22.5M in total revenue in fiscal year 2023. Revenue decreased 8% compared to the prior year. Expenses of $25.3M exceeded revenue, resulting in a 13% operating deficit.

Mission

THE ORGANIZATION PROVIDES HEALTH CARE TO INDIVIDUALS REGARDLESS OF THIER ABILITY TO PAY. THIS IS A DIRECT FULFILLMENT OF THEIR TAX EXEMPT PURPOSE.

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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 $8,223,971

Program Service Revenue $14,142,823

Investment Income $28,167

Other Revenue $64,803

TOTAL REVENUE $22,459,764

Expense Breakdown

Grants Paid $0

Salaries & Benefits $13,080,546

Fundraising Expenses $0

Program Expenses $19,335,522

Other Expenses $12,188,413

TOTAL EXPENSES $25,268,959

Year-over-Year Comparison

	2023	2022	Change
Revenue	$22,459,764	$24,363,773	-0.1%
Expenses	$25,268,959	$24,547,246	+0.0%
Net Income	$-2,809,195	$-183,473	+14.3%

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

229

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

$903,457

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
NICHOLAS SHUNGU	BOARD MEMBER	1.00	Director	$0	$0	$0
SHELI QUENGA	BOARD MEMBER	1.00	Director	$0	$0	$0
JUWAN AYERS	BOARD MEMBER	1.00	Director	$0	$0	$0
ALLISON MCCULLOUGH	BOARD MEMBER	1.00	Director	$0	$0	$0
ENRIQUE HENRY GRACE	BOARD MEMBER	1.00	Director	$0	$0	$0
ERICA MCDANIEL	BOARD MEMBER	1.00	Director	$0	$0	$0
ANGELA JOHNSON	BOARD MEMBER	1.00	Director	$0	$0	$0
RICHARD FOSTER	BOARD MEMBER	1.00	Director	$0	$0	$0
CATHERINE O'CONNER DURHAM	BOARD MEMBER	1.00	Director	$0	$0	$0
ERICA TAYLOR	BOARD MEMBER	1.00	Director	$0	$0	$0
EDNA EDWARDS WILLIAMS	BOARD MEMBER	1.00	Director	$0	$0	$0
LEWANN HARPER-ARMSTRONG	BOARD MEMBER	1.00	Director	$0	$0	$0
IROASHA WASHINGTON	BOARD MEMBER	1.00	Director	$0	$0	$0
JOHN GIVENS	BOARD MEMBER	1.00	Director	$0	$0	$0
ARETHA POWERS	CHIEF EXECUTIVE OFFICER	40.00	Officer	$278,764	$26,610	$305,374
MICHAEL SAVINO	FORMER CHIEF FINANCIAL OFFICER	40.00	Officer	$147,158	$20,585	$167,743
NATASHA CHATMAN	CHIEF OPERATIONAL OFFICER	40.00	Officer	$145,945	$23,675	$169,620
SHARVETTE SLAUGHTER	MEDICAL DIRECTOR	40.00	Officer	$243,627	$17,093	$260,720
LARRY WILSON	PHYSICIAN	40.00	Highest	$242,632	$27,501	$270,133
CHARLES EFFIONG	PHYSICIAN	40.00	Highest	$183,810	$29,054	$212,864
ALLAHNA COGGINS	PHYSICIAN	40.00	Highest	$229,681	$9,287	$238,968
BRIAN KRAMER	DENTIST	40.00	Highest	$178,150	$10,770	$188,920
POOJA PAUNIKAR	PHYSICIAN	40.00	Highest	$290,333	$21,789	$312,122

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	No data	No data	No data	No data
2024	$22,459,764	$25,268,959	$15,031,624	$-2,809,195
2023	$24,363,773	$24,547,246	$16,725,106	$-183,473
2022	$22,569,042	$21,171,316	$16,533,926	$1,397,726
2021	$23,277,462	$20,119,138	$15,054,357	$3,158,324
2020	$17,730,518	$17,330,565	$10,965,750	$399,953
2019	$17,699,079	$17,264,993	$11,874,087	$434,086
2018	$13,988,917	$13,486,952	$7,745,895	$501,965

FETTER HEALTH CARE NETWORK INC