CARMEL HEALTH NETWORK 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

2006

Legal Domicile

Principal Officer

JENNIFER ALLEN-JOHNSON

Phone

2514331146

Tax Period

2018-01-01 to 2018-12-31

CARMEL HEALTH NETWORK INC, founded in 2006, is a small nonprofit in the Health Care sector that reported $310K in total revenue in fiscal year 2018. Revenue fell 33% from the prior year — a significant decline worth monitoring. Expenses of $355K exceeded revenue, resulting in a 15% operating deficit.

Mission

TO PROVIDE ACCESS TO PRIMARY HEALTH CARE FOR A TARGETD POPULATION, WHICH INCLUDES CHILDREN WHOSE FAMILIES CANNOT AFFORD HEALTH CARE AND/OR HEALTH INSURANCE.

Program Service Accomplishments

Program 1

Expenses: $355,404 Revenue: $305,977

CARMEL HEALTH NETORK RAISES REVENUES BY CHARGING FEES TO PATIENTS WHO ARE ABLE TO PAY AS WELL AS CHARGING ANY EXISTING INSURANCE FOR HEALTH CARE SERVICES. THESE SERVICES ARE THE PRMARY MEANS BY WHICH THE ORGANIZATION ACCOMPLISHES ITS MEDICAL AND EDUCATIONAL PURPOSES. INTEREST IS EARNED ON THE SAVINGS ACCOUNT.

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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 (2018)

Revenue Breakdown

Contributions & Grants $18,100

Program Service Revenue $292,163

Investment Income $18

Other Revenue $0

TOTAL REVENUE $310,281

Expense Breakdown

Grants Paid $0

Salaries & Benefits $156,632

Fundraising Expenses $0

Program Expenses $355,404

Other Expenses $198,772

TOTAL EXPENSES $355,404

Year-over-Year Comparison

	2018	2017	Change
Revenue	$310,281	$462,784	-0.3%
Expenses	$355,404	$467,639	-0.2%
Net Income	$-45,123	$-4,855	+8.3%

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
JOHN HART	BOARD MEMBER	N/A	Director	$0	$0	$0
BRENDA LUCE	BOARD MEMBER	N/A	Director	$0	$0	$0
JENNIFER ALLEN-JOHNSON	PRESIDENT	N/A	Officer	$0	$0	$0
HATTIE G CLARK	VICE PRESIDE	N/A	Officer	$0	$0	$0
LYLE COLEMAN	SECRETARY	N/A	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
2018	$310,281	$355,404	$4,045	$-45,123