HEALTHCARE INDUSTRY USERS GROUP

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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

2011

Legal Domicile

Principal Officer

MICHAEL SPEARMAN

Phone

6027929190

Tax Period

2023-01-01 to 2023-12-31

HEALTHCARE INDUSTRY USERS GROUP, founded in 2011, is a small nonprofit that reported $351K in total revenue in fiscal year 2023. Revenue decreased 19% compared to the prior year.

Mission

THE MISSION OF THE HEALTHCARE INDUSTRY USER GROUP (HIUG) IS TO ADVANCE THE GOALS AND INTERESTS OF HEALTHCARE ORGANIZATIONS AND SIMILARLY ALIGNED ENTITIES BY ENHANCING THE EFFECTIVE AND EFFICIENT USE OF ORACLE APPLICATIONS. THE HIUG WILL PROVIDE MECHANISMS FOR NETWORKING, SHARING AND EXCHANGING EXPERIENCES; ADVOCATE TO ORACLE ON AREAS OF COMMON INTEREST; AND EDUCATE ITS MEMBERS ABOUT ORACLE APPLICATIONS.

Program Service Accomplishments

Program 1

Expenses: $262,559 Revenue: $351,192

THE HIUG INTERACT CONFERENCE IS AN ANNUAL USER-DRIVEN CONFERENCE OF HEALTHCARE ORGANIZATIONS AND SIMILARLY ALIGNED ENTITIES THAT UTILIZE ORACLE APPLICATION PRODUCTS. THE CONFERENCE PROVIDES THE...

THE HIUG INTERACT CONFERENCE IS AN ANNUAL USER-DRIVEN CONFERENCE OF HEALTHCARE ORGANIZATIONS AND SIMILARLY ALIGNED ENTITIES THAT UTILIZE ORACLE APPLICATION PRODUCTS. THE CONFERENCE PROVIDES THE OPPORTUNITY FOR ITS' MEMBER ORGANIZATIONS TO SHARE EXPERIENCES, DISCUSS IMPLEMENTATION AND OPERATING CHALLENGES, REVIEW TECHNICAL ISSUES, AND OFFER SUGGESTIONS FOR FUTURE PRODUCT RELEASES. THE CONFERENCE COMPRISES 500+ ATTENDEES, 40+ VENDORS, AND 100+ EDUCATION SESSIONS/CLINICS. THESE SESSIONS COVER:1. ORACLE/PEOPLESOFT APPLICATIONS (HR, FINANCE, SUPPLY CHAIN, TECHNOLOGY AND OBIA)2. PEOPLESOFT/ORACLE TOOLS AND TECHNOLOGY3. BUSINESS INTELLIGENCE AND REPORTINGTHE EDUCATIONAL SESSIONS ARE PRESENTED BY USERS, ORACLE, AND INDUSTRY EXPERTS. AT THE KEYNOTE SESSIONS ORACLE PROVIDES AND INDUSTRY EXPERTS PROVIDE ATTENDEES INFORMATION ON KEYNOTE SESSIONS INFORMATION ON HOW THEY CONTINUOUSLY TRANSFORM THEIR APPLICATIONS TO MEET THE NEEDS OF THE EVER CHANGING HEALTHCARE INDUSTRY WHILE PROTECTING THE FINANCIAL VIABILITY OF THEIR ORGANIZATION. THE EXHIBIT HALL OFFERS ATTENDEES THE ABILITY TO EVALUATE MULTIPLE VENDORS, DISCUSS SERVICE OFFERINGS, AND SEE PRODUCT DEMOS. AS A RESULT OF COVID-19, THE ANNUAL CONFERENCE WAS CANCELLED IN 2020 AND HELD VIRTUALLY AT NO COST. DUE TO THE RESURGENCE OF COVID-19 IN 2021, THE 2021 CONFERENCE WAS HELD VIRTUALLY AT A REDUCED COST. NORMAL OPERATIONS RESUMED FOR THE 2022 CONFERENCE.

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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 $351,167

Investment Income $0

Other Revenue $25

TOTAL REVENUE $351,192

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $262,559

Other Expenses $344,043

TOTAL EXPENSES $344,043

Year-over-Year Comparison

	2023	2022	Change
Revenue	$351,192	$432,046	-0.2%
Expenses	$344,043	$804,739	-0.6%
Net Income	$7,149	$-372,693	-1.0%

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

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
WARREN HARBER	EXECUTIVE ADVISOR	2.00	Director	$0	$0	$0
SELENA JUDKINS	CLOUD HCM CO-CHAIR	2.00	Director	$0	$0	$0
GLORIA BREWSTER	CLOUD HCM CO-CHAIR	2.00	Director	$0	$0	$0
AHMED ANDY SHAABAN	CLOUD FIN/SCM CO-CHAIR	2.00	Director	$0	$0	$0
TARA STONE GILL	CLOUD FIN/SCM CO-CHAIR	2.00	Director	$0	$0	$0
TED LEWIS	TECH CO-CHAIR	2.00	Director	$0	$0	$0
CHERYL GILKAS	TECH CO-CHAIR	2.00	Director	$0	$0	$0
JENNIFER BEECHING THRU APRIL 2023	PS HCM CO-CHAIR	2.00	Director	$0	$0	$0
KRISTLE ONDO	PS HCM CO-CHAIR	2.00	Director	$0	$0	$0
CHRISTINE SIMUNOVIC	PS SCM CO-CHAIR	2.00	Director	$0	$0	$0
CHARASSA JOHNSON	PS SCM CO-CHAIR	5.00	Director	$0	$0	$0
PAMELA POKROPINSKI	PS FIN CO-CHAIR	2.00	Director	$0	$0	$0
VALERIE TRUELL	PS FIN CO-CHAIR	2.00	Director	$0	$0	$0
MICHAEL SPEARMAN	TREASURER	5.00	Officer Director	$0	$0	$0
MARIANNE ROLIN	MEMBERSHIP CHAIR	5.00	Officer Director	$0	$0	$0
TRUDY MELZER PAVLIK	EVENT CHAIR	5.00	Officer Director	$0	$0	$0
MADHU NARNE	VICE PRESIDENT	5.00	Officer Director	$0	$0	$0
RAVI INAGANTI	PRESIDENT	5.00	Officer Director	$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
2023	$351,192	$344,043	$123,102	$7,149
2022	$432,046	$804,739	$115,953	$-372,693
2021	$255,674	$205,867	$477,936	$49,807
2020	$173,424	$382,649	$428,129	$-209,225
2019	$650,536	$654,606	$638,704	$-4,070
2018	$581,418	$678,305	$643,624	$-96,887