Haywood Health Foundation Inc

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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

1975

Legal Domicile

Tax Period

2024-10-01 to 2025-09-30

Haywood Health Foundation Inc, founded in 1975, is a small nonprofit in the Health Care sector that reported $896K in total revenue in fiscal year 2024. Revenue fell 52% from the prior year — a significant decline worth monitoring. Expenses of $1.1M exceeded revenue, resulting in a 20% operating deficit.

Mission

To improve healthcare for residents of Haywood County through addressing unmet healthcare needs

Program Service Accomplishments

Program 1

Expenses: $1,036,782

Improve the heatlh status of Haywood County, its individuals and families through educational programs, grants, scholarships and leadership opportunities.

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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 (2024)

Revenue Breakdown

Contributions & Grants $50,128

Program Service Revenue $11,822

Investment Income $834,461

Other Revenue $0

TOTAL REVENUE $896,411

Expense Breakdown

Grants Paid $0

Salaries & Benefits $91,077

Fundraising Expenses $12,697

Program Expenses $1,036,782

Other Expenses $980,813

TOTAL EXPENSES $1,071,890

Year-over-Year Comparison

	2024	2023	Change
Revenue	$896,411	$1,851,743	-0.5%
Expenses	$1,071,890	$1,020,538	+0.1%
Net Income	$-175,479	$831,205	-1.2%

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

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
Neil Budde	Chair	4.00	Officer	$0	$0	$0
Juli Weaver	Treasurer	2.00	Officer	$0	$0	$0
Lillian Woods	Secretary	2.00	Officer	$0	$0	$0
Shelley White	Vice Chair	2.00	Officer	$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
2025	$896,411	$1,071,890	$27,688,383	$-175,479
2024	$1,851,743	$1,020,538	$23,525,290	$831,205
2023	$1,328,671	$846,881	$18,667,220	$481,790
2022	$124,053	$895,117	$18,214,832	$-771,064
2021	$910,407	$425,076	$27,577,856	$485,331
2020	$10,660,063	$411,193	$23,329,289	$10,248,870
2019	$417,449	$301,130	$9,838,960	$116,319
2018	$8,219,329	$240,295	$9,927,659	$7,979,034