Austin, TX
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)Banda Health, founded in 2016, is a small nonprofit in the Public & Societal Benefit sector that reported $221K in total revenue in fiscal year 2024. Revenue surged 32% from the prior year, signaling strong growth momentum. The organization ran a surplus of $69K, a strong 31% operating margin.
Banda develops and provides a clinic management system for healthcare providers in very low-income communities across Africa. BandaGo helps clinics reduce costs, save time and improve patient care in vulnerable communities.
Banda Health (BH) transforms healthcare for vulnerable patients, using technology innovations to empower clinics in slums and villages. At year end 2024, one hundred and three clinics in economically...
Banda Health (BH) transforms healthcare for vulnerable patients, using technology innovations to empower clinics in slums and villages. At year end 2024, one hundred and three clinics in economically vulnerable communities in East Africa and one hospital in Niger are using BandaGo, BH's evolving low-cost online clinic management system. BandaGo operates on basic laptops or tablets via cellular internet, making it accessible and affordable. It streamlines operations, manages patient records, tracks diagnoses, standardizes laboratory workflows and reporting, and controls inventory, mitigating theft and saving time. Low-margin clinics have more time, more resources, and more information available as they care for their vulnerable patient populations. They are both more financially viable and more effective. By digitizing records and processes, BandaGo enables better care continuity, reduces errors, and provides accurate reporting, leading to improved health outcomes. BandaGo ensures that essential medicines are available and facilitates timely referrals, ultimately delivering quality healthcare within walking distance for the world's poorest patients.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2024 | 2023 | Change | |
|---|---|---|---|
| Revenue | $221,053 | $167,757 | +0.3% |
| Expenses | $152,304 | $139,647 | +0.1% |
| Net Income | $68,749 | $28,110 | +1.4% |
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
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| Julie Vigil | Corporate Secretary, Assistant Treasurer | 4.0 |
Officer
Director
|
$0 | $0 | $0 |
| Michael Clabaugh | Vice Chairman of the Board | 1.0 |
Officer
Director
|
$0 | $0 | $0 |
| Robert Gutekunst | Chairman of the Board | 1.0 |
Officer
Director
|
$0 | $0 | $0 |
| Stephen Letchford MD | President | 40.0 |
Officer
Director
|
$69,048 | $0 | $69,048 |
| William Mearse | Corporate Treasurer | 1.0 |
Officer
Director
|
$0 | $0 | $0 |
| Amy Sing | Board Member (part year) | 1.0 |
Director
|
$0 | $0 | $0 |
| David Laube | Board Member | 1.0 |
Director
|
$0 | $0 | $0 |
| Haron Wachira | Board Member | 1.0 |
Director
|
$0 | $0 | $0 |
| Hyon Kim MD | Board Member (part year) | 1.0 |
Director
|
$0 | $0 | $0 |
| Margaret Gibson | Board Member | 1.0 |
Director
|
$0 | $0 | $0 |
| Temitope Akinyemi | Board Member | 1.0 |
Director
|
$0 | $0 | $0 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2024 | $221,053 | $152,304 | $419,103 | $68,749 |
| 2022 | $178,046 | $116,099 | $319,780 | $61,947 |
| 2021 | $249,987 | $136,601 | $256,714 | $113,386 |
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