HEALTH SCHOLARSHIPS INC (EIN 581805305) - Form 990 Financial Analysis & Trantor Score

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Tuckman-Chang Vulnerability Assessment

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1988

Legal Domicile

Principal Officer

TERESA W MOODY

Phone

4786212100

Tax Period

2023-07-01 to 2024-06-30

HEALTH SCHOLARSHIPS INC is a 501(c)(3) with EIN 581805305, based in GRAY, GA. Founded in 1988, the organization files IRS Form 990 and reported its most recent data for fiscal year 2023. In that period, it reported $328,429,401 in total revenue and $319,041,539 in total expenses, with net assets of $38,543,599.

Mission

TO LEASE AND OWN SKILLED CARE, INTERMEDIATE CARE, AND OTHER HEALTHCARE RELATED FACILITIES; CONSISTENT WITH THE POLICIES PREVIOUSLY ADOPTED BY THE BOARD OF DIRECTORS OF CHSI. CHSI IS THE SECTION 509 (A)(3) SUPPORTING ORGANIZATION AND PARENT ENTITY OF THE INTEGRATED HEALTH CARE DELIVERY SYSTEM OF WHICH THE ORGANIZATION IS A MEMBER. THE IHDS PROVIDES SUBSTANTIAL COMMUNITY BENEFIT TO THE COMMUNITIES IT SERVES AND CONTINUES TO ASSESS AND DEVELOP PROGRAMS TO BENEFIT THE COMMUNITY.

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Trantor Score

Financial Health & Payment Capacity Assessment (FICO Scale: 300–850)

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $24,876,783

Program Service Revenue $303,309,319

Investment Income $243,299

Other Revenue $0

TOTAL REVENUE $328,429,401

Expense Breakdown

Grants Paid $3,325,717

Salaries & Benefits $179,655,691

Fundraising Expenses $0

Program Expenses $319,041,539

Other Expenses $136,060,131

TOTAL EXPENSES $319,041,539

Year-over-Year Comparison

	2023	2022	Change
Revenue	$328,429,401	$208,458,303	+0.6%
Expenses	$319,041,539	$230,268,554	+0.4%
Net Income	$9,387,862	$-21,810,251	-1.4%

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

5500

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

$567,022

Total Directors

$383,490

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
RALPH WARNOCK	DIRECTOR	4.00	Director	$0	$18,856	$335,490
KIMBERLY SHEFFIELD	PRESIDENT	4.00	Officer	$0	$22,086	$327,393
TERESA W MOODY	SECRETARY	4.00	Officer	$0	$20,842	$239,629
ADETUTU ADEKOYA	ASSIST DIREC	40.00	Highest	$185,030	$17,115	$202,145
ANDREA HOWARD	ADMINISTRATO	40.00	Highest	$160,134	$16,377	$176,511
JACQUELINE PITTMAN	ADMINISTRATO	40.00	Highest	$155,573	$19,423	$174,996
DAVID THORNTON	ADMINISTRATO	40.00	Highest	$156,621	$16,119	$172,740
KELLY BURNETT	ADMINISTRATO	40.00	Highest	$155,340	$13,834	$169,174
KATHRYN DENNIS	CHAIRMAN	4.00	Director	$0	$0	$24,000
JOSEPH A WALL	DIRECTOR	4.00	Director	$0	$0	$24,000
PAUL A CABLE	DIRECTOR	0.00		$0	$0	$24,000

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	$328,429,401	$319,041,539	$77,648,317	$9,387,862
2023	$208,458,303	$230,268,554	$75,774,127	$-21,810,251
2022	$236,618,214	$240,898,928	$36,353,533	$-4,280,714
2021	$230,146,898	$233,944,984	$60,823,057	$-3,798,086
2020	$252,984,379	$247,890,435	$56,857,114	$5,093,944
2019	$251,010,001	$253,071,152	$64,711,290	$-2,061,151
2018	$248,483,987	$250,205,021	$63,605,680	$-1,721,034
2018	$248,483,987	$250,205,021	$63,605,680	$-1,721,034

HEALTH SCHOLARSHIPS INC