FOUNDATION FOR HEALTH ADVANCEMENT INC (EIN 812316726) - 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

2016

Legal Domicile

Principal Officer

James M Golubieski

Phone

9087316610

Tax Period

2024-07-01 to 2025-06-30

FOUNDATION FOR HEALTH ADVANCEMENT INC, founded in 2016, is a small nonprofit in the Philanthropy & Grantmaking sector that reported $104K in total revenue in fiscal year 2024. Revenue fell 69% from the prior year — a significant decline worth monitoring. Expenses of $679K exceeded revenue, resulting in a 555% operating deficit.

Mission

To solicit contributions from the general public to provide grants to support science, technology, engineering and mathematics programs to researchers through our Innovation Grants Program.

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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 (2024)

Revenue Breakdown

Contributions & Grants $287,643

Program Service Revenue $0

Investment Income $0

Other Revenue $-183,983

TOTAL REVENUE $103,660

Expense Breakdown

Grants Paid $572,150

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $650,150

Other Expenses $106,857

TOTAL EXPENSES $679,007

Year-over-Year Comparison

	2024	2023	Change
Revenue	$103,660	$339,398	-0.7%
Expenses	$679,007	$481,415	+0.4%
Net Income	$-575,347	$-142,017	+3.1%

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

$916,552

Total Directors

$622,808

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
James M Golubieski	President & CEO	10	Officer Director	$0	$23,016	$622,808
Aggie Worthington	Vice President & CFO	10	Officer	$0	$0	$293,744
Dean Janeway	Chair	1	Officer Director	$0	$0	$0
Sandra Brown Sherman	Secretary	1	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
2025	$103,660	$679,007	$447,721	$-575,347
2024	$339,398	$481,415	$643,299	$-142,017
2023	$68,221	$372,433	$510,316	$-304,212
2022	$25,930	$449,911	$779,729	$-423,981
2021	$29,568	$417,505	$238,804	$-387,937

FOUNDATION FOR HEALTH ADVANCEMENT INC