BALLAD HEALTH FOUNDATION (EIN 581594191) - 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

1984

Legal Domicile

Principal Officer

JACK SIMPSON

Phone

4233023131

Tax Period

2024-07-01 to 2025-06-30

BALLAD HEALTH FOUNDATION, founded in 1984, is a mid-sized nonprofit in the Health Care sector that reported $11.1M in total revenue in fiscal year 2024. Revenue surged 40% from the prior year, signaling strong growth momentum. The organization ran a surplus of $3.7M, a strong 34% operating margin.

Mission

BALLAD HEALTH FOUNDATION'S PRIMARY PURPOSE IS TO BUILD RELATIONSHIPS WITH OTHERS TO FULFILL THE MISSION AND VISION OF BALLAD HEALTH THROUGH PHILANTHROPY. WORKING TOGETHER AROUND A COMMON SET OF OBJECTIVES, WE CAN TRANSFORM OUR COMMUNITY'S HEALTH AND WELL-BEING.

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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 $8,575,578

Program Service Revenue $0

Investment Income $2,410,734

Other Revenue $67,578

TOTAL REVENUE $11,053,890

Expense Breakdown

Grants Paid $5,898,693

Salaries & Benefits $807,892

Fundraising Expenses $229,677

Program Expenses $5,898,693

Other Expenses $607,466

TOTAL EXPENSES $7,314,051

Year-over-Year Comparison

	2024	2023	Change
Revenue	$11,053,890	$7,890,797	+0.4%
Expenses	$7,314,051	$4,059,826	+0.8%
Net Income	$3,739,839	$3,830,971	0.0%

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

182

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

$320,668

Total Directors

$2,801,128

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CARLA KARST	CHAIR	1.00	Officer Director	$0	$0	$0
JACK SIMPSON	PRESIDENT/EX-OFFICO	45.00	Officer Director	$275,952	$44,716	$320,668
TERRY BEGLEY	TRUSTEE	0.50	Director	$0	$0	$0
MARK COX	TRUSTEE	0.50	Director	$0	$0	$0
ELIZABETH GARTNER	SECRETARY/TREASURER	1.00	Officer Director	$0	$0	$0
JOANNE HAIRSTON	TRUSTEE	0.50	Director	$0	$0	$0
ANTHONY KECK	TRUSTEE	0.50	Director	$0	$110,024	$1,106,839
TODD NORRIS	TRUSTEE	0.50	Director	$0	$88,631	$756,023
DON RAINES	VICE CHAIR	1.00	Officer Director	$0	$0	$0
DAWN TUELL	TRUSTEE	0.50	Director	$0	$0	$0
JOSHUA MCFALL	TRUSTEE/EX-OFFICIO	0.50	Director	$0	$93,242	$617,598
KELLY PRICE	TRUSTEE	0.50	Director	$0	$0	$0
KAREN CLARK	DIRECTOR OF DONOR RELATIONS	40.00	Highest	$104,031	$31,254	$135,285
LYNN KRUTAK	FORMER TRUSTEE / BH EVP & CFO	0.00		$0	$76,184	$1,177,446

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	$11,053,890	$7,314,051	$64,955,620	$3,739,839
2024	$7,890,797	$4,059,826	$71,461,063	$3,830,971
2023	$7,726,360	$18,711,967	$67,442,232	$-10,985,607
2022	$13,795,215	$6,462,250	$62,092,613	$7,332,965
2021	$4,593,678	$2,795,070	$60,338,294	$1,798,608
2020	$5,621,142	$4,969,964	$51,336,210	$651,178
2018	$3,808,742	$4,988,733	$31,333,903	$-1,179,991

BALLAD HEALTH FOUNDATION