CHARLES HENDERSON MEMORIAL ASSOCIATION (EIN 636092641) - 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

1979

Legal Domicile

Principal Officer

SUSANNE ADAMS

Phone

3345667600

Tax Period

2024-01-01 to 2024-12-31

CHARLES HENDERSON MEMORIAL ASSOCIATION, founded in 1979, is a community nonprofit in the Health Care sector that reported $3.7M in total revenue in fiscal year 2018. Net assets of $89.3M represent 290 months of operating reserves.

Mission

PROVIDE MEDICAL AND DENTAL CARE TO CHILDREN FROM BIRTH TO AGE 19, REGARDLESS OF ABILITY TO PAY.

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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 (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $2,323,205

Investment Income $0

Other Revenue $2,329,413

TOTAL REVENUE $4,652,618

Expense Breakdown

Grants Paid $0

Salaries & Benefits $2,984,788

Fundraising Expenses $0

Program Expenses $2,970,596

Other Expenses $1,299,186

TOTAL EXPENSES $4,283,974

Year-over-Year Comparison

	2024	2023	Change
Revenue	$4,652,618	$4,660,867	0.0%
Expenses	$4,283,974	$4,404,188	0.0%
Net Income	$368,644	$256,679	+0.4%

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

N/A

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

$92,903

Total Directors

$34,950

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
RICHARD F CALHOUN	BOARD MEMBER	2.00	Director	$4,800	$0	$4,800
CATHY DUNN	BOARD MEMBER	2.00	Director	$4,800	$0	$4,800
JIMMY RAMAGE	BOARD MEMBER	2.00	Director	$6,000	$0	$6,000
DON DICKERT	BOARD MEMBER	2.00	Director	$4,800	$0	$4,800
LINDA SMITH	BOARD MEMBER	2.00	Director	$4,800	$0	$4,800
KELLI CLEVELAND	BOARD MEMBER	2.00	Director	$4,800	$0	$4,800
BENTON BUSBEE	BOARD MEMBER	2.00	Director	$4,950	$0	$4,950
SUSANNE ADAMS	ADMINISTRATOR	40.00	Officer	$92,903	$0	$92,903
DR AMY FLOWERS	DENTIST	40.00	Highest	$288,038	$18,741	$306,779
DR CHRISTY MCCAY	PEDIATRICIAN	40.00	Highest	$240,988	$18,506	$259,494
DR YOLANDA PATTERSON SEAWRIGHT	PEDIATRICIAN	40.00	Highest	$241,450	$18,411	$259,861

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	$4,652,618	$4,283,974	$127,716,403	$368,644
2023	$4,660,867	$4,404,188	$118,585,948	$256,679
2022	$4,441,542	$4,602,841	$114,011,348	$-161,299
2021	$4,786,354	$4,418,741	$113,144,232	$367,613
2020	$3,880,860	$3,638,031	$99,432,887	$242,829
2019	$3,881,242	$3,789,683	$97,560,049	$91,559
2018	$3,700,910	$3,815,161	$89,475,947	$-114,251

CHARLES HENDERSON MEMORIAL ASSOCIATION