HALIFAX STAFFING INC (EIN 593222299) - 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

1994

Legal Domicile

Principal Officer

JEFF FEASEL

Phone

3862264560

Tax Period

2023-10-01 to 2024-09-30

HALIFAX STAFFING INC, founded in 1994, is a major nonprofit in the Community Improvement sector that reported $332.1M in total revenue in fiscal year 2023. Revenue grew 12% year-over-year, indicating healthy expansion.

Mission

HALIFAX STAFFING PROVIDES PAYROLL AND PAYROLL RELATED FUNCTIONS ON BEHALF OF ITS SUPPORTED ORGANIZATION, HALIFAX HOSPITAL MEDICAL CENTER D/B/A HALIFAX HEALTH (59-6001217)

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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 $0

Program Service Revenue $332,072,000

Investment Income $0

Other Revenue $0

TOTAL REVENUE $332,072,000

Expense Breakdown

Grants Paid $0

Salaries & Benefits $332,072,000

Fundraising Expenses $0

Program Expenses $332,072,000

Other Expenses $0

TOTAL EXPENSES $332,072,000

Year-over-Year Comparison

	2023	2022	Change
Revenue	$332,072,000	$295,530,000	+0.1%
Expenses	$332,072,000	$295,530,000	+0.1%
Net Income	$0	N/A	N/A

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

4824

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

$2,176,739

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CARL LENTZ III	CHAIRMAN	1.00	Director	$0	$0	$0
GLENN RITCHEY	VICE CHAIRMA	1.00	Director	$0	$0	$0
HAROLD GOODEMOTE	SECRETARY	1.00	Director	$0	$0	$0
TOM MCCALL	TREASURER	1.00	Director	$0	$0	$0
ED CONNOR	MEMBER	1.00	Director	$0	$0	$0
MICHAEL MUNIER MD	MEMBER	1.00	Director	$0	$0	$0
ALAN FLOREZ	MEMBER	1.00	Director	$0	$0	$0
JEFF FEASEL	CEO	40.00	Officer	$900,000	$529,471	$1,429,471
ERIC PEBURN	CHIEF FINANC	40.00	Officer	$565,402	$181,866	$747,268
BRAD FACTOR	PHYSICIAN	40.00	Highest	$939,423	$21,906	$961,329
ABDUL SORATHIA	PHYSICIAN	40.00	Highest	$792,454	$19,095	$811,549
BOON CHEW	PHYSICIAN	40.00	Highest	$753,029	$27,891	$780,920
ZAFAR LATIF	PHYSICIAN	40.00	Highest	$865,087	$28,083	$893,170
MURTHY ANDAVOLU	PHYSICIAN	40.00	Highest	$596,124	$12,949	$609,073

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	$332,072,000	$332,072,000	No data	No data
2023	$295,530,000	$295,530,000	No data	No data
2022	$248,078,852	$248,078,852	No data	No data
2021	$242,449,141	$242,449,141	No data	No data
2020	$208,172,459	$208,172,459	No data	No data
2019	$211,074,592	$211,074,592	No data	No data
2018	$211,244,461	$211,244,461	No data	No data

HALIFAX STAFFING INC