CAROLINA HONDURAS HEALTH FOUNDATION

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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

1995

Legal Domicile

Phone

3315884229

Tax Period

2023-01-01 to 2023-12-31

CAROLINA HONDURAS HEALTH FOUNDATION, founded in 1995, is a small nonprofit in the Health Care sector that reported $319K in total revenue in fiscal year 2023. Revenue fell 25% from the prior year — a significant decline worth monitoring. Expenses of $308K left a modest 3% surplus.

Mission

TO PROVIDE MEDICAL AND DENTAL SERVICES AT NO CHARGE TO THE PEOPLE OF LIMON, HONDURAS AND THE SURROUNDING COMUNITIES.

Program Service Accomplishments

Program 1

Expenses: $260,737

PROVIDE FUNDING FOR THE OPERATION OF A MEDICAL AND DENTAL CLINIC IN LIMON, HONDURAS, ALONG WITH LOGISTICS AND TRANSPORTATION FOR VOLUNTEER MEDICAL MISSION TEAMS TO PROVIDE CARE FOR THE PEOPLE OF THE...

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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 $231,282

Program Service Revenue $42,673

Investment Income $10,429

Other Revenue $34,969

TOTAL REVENUE $319,353

Expense Breakdown

Grants Paid $165,646

Salaries & Benefits $102,222

Fundraising Expenses $24,837

Program Expenses $260,737

Other Expenses $40,612

TOTAL EXPENSES $308,480

Year-over-Year Comparison

	2023	2022	Change
Revenue	$319,353	$424,176	-0.2%
Expenses	$308,480	$287,501	+0.1%
Net Income	$10,873	$136,675	-0.9%

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

Volunteers

370

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
N K HOOK JR	President	15.00	Officer Director	$0	$0	$0
LOUISE ALTMAN	Director	2.00	Director	$0	$0	$0
DAVID KELLY	Director	4.00	Director	$0	$0	$0
CHRISTINE A ZAWACKI	Secretary	10.00	Officer Director	$0	$0	$0
DONALD G BOWLES	Treasurer	2.00	Officer Director	$0	$0	$0
MARY ELLEN KOENN	Director	2.00	Director	$0	$0	$0
HEATHER STRANGE	Director	2.00	Director	$0	$0	$0
DAVID FAIRCHILD	Director	2.00	Director	$0	$0	$0
JOEL L EDWARDS	Vice President	5.00	Officer Director	$0	$0	$0
GAIL W GILLIS	Director	2.00	Director	$0	$0	$0
JEREMY SELLEY	Director	2.00	Director	$0	$0	$0
DENNIS M WILLIAMS	Director	2.00	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	No data	No data	No data	No data
2023	$319,353	$308,480	$700,406	$10,873
2022	$424,176	$287,501	$683,869	$136,675
2021	$326,704	$279,749	$530,352	$46,955
2020	$315,849	$233,264	$473,176	$82,585
2019	$418,394	$389,322	$395,441	$29,072
2018	$419,783	$349,161	$377,392	$70,622