H H HOLDINGS INC (EIN 593222484) - 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

1993

Legal Domicile

Principal Officer

JEFF FEASEL

Phone

3862264560

Tax Period

2023-10-01 to 2024-09-30

H H HOLDINGS INC, founded in 1993, is a mid-sized nonprofit in the Health Care sector that reported $14.6M in total revenue in fiscal year 2023. Revenue surged 142% from the prior year, signaling strong growth momentum. The organization ran a surplus of $14.6M, a strong 100% operating margin.

Mission

HH HOLDINGS (THE CORPORATION)IS A SUPPORTING ORGANIZATION FOR HALIFAX HOSPITAL MEDICAL CENTER D/B/A HALIFAX HEALTH (EIN: 59-6001217). THE CORPORATION IS FORMED FOR THE SPECIFIC PURPOSE OF PROVIDING HEALTH CARE SERVICES AND ESTABLISHING HEALTH CARE FACILITIES IN THE COMMUNITY ON ITS OWN, AND IN CONJUNCTION WITH OTHERS, IN ORDER TO EFFECTIVELY MEET THE NEEDS OF THE COMMUNITY SERVED BY HALIFAX HEALTH. IN THAT MANNER, THE CORPORATION WILL SERVE TO PROMOTE THE GENERAL HEALTH OF THE CITIZENS OF THE DISTRICT.

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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 $0

Investment Income $13,584,875

Other Revenue $1,018,089

TOTAL REVENUE $14,602,964

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $18,350

Other Expenses $18,350

TOTAL EXPENSES $18,350

Year-over-Year Comparison

	2023	2022	Change
Revenue	$14,602,964	$6,033,572	+1.4%
Expenses	$18,350	$120,181	-0.8%
Net Income	$14,584,614	$5,913,391	+1.5%

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

N/A

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
CARL LENTZ III MD	CHAIRMAN	1.00	Director	$0	$0	$0
GLENN RITCHEY	VICE CHAIR	1.00	Director	$0	$0	$0
HAROLD GOODEMOTE	SECRETARY	1.00	Director	$0	$0	$0
TOM MCCALL	TREASURER	1.00	Director	$0	$0	$0
ALAN FLOREZ	MEMBER	1.00	Director	$0	$0	$0
MICHAEL MUNIER MD	MEMBER	1.00	Director	$0	$0	$0
JEFF FEASEL	CHIEF EXEC.	1.00	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
2024	$14,602,964	$18,350	$222,539,450	$14,584,614
2023	$6,033,572	$120,181	$201,638,339	$5,913,391
2022	$3,360,493	$66,308	$196,828,192	$3,294,185
2021	$1,562,168	$84,381	$197,664,490	$1,477,787
2020	$4,231,544	$29,564	$196,189,309	$4,201,980
2019	$4,930,490	$116,491	$192,553,218	$4,813,999
2018	$2,814,171	$38,002	$185,970,356	$2,776,169

H H HOLDINGS INC