Banda Health (EIN 813695611) - 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

Phone

7064261984

Tax Period

2024-01-01 to 2024-12-31

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.

Mission

Provide clinic management system for healthcare providers in very-low-income areas across Africa.

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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 $208,288

Program Service Revenue $0

Investment Income $9,376

Other Revenue $3,389

TOTAL REVENUE $221,053

Expense Breakdown

Grants Paid $110,000

Salaries & Benefits $0

Fundraising Expenses $9,221

Program Expenses $119,798

Other Expenses $35,765

TOTAL EXPENSES $152,304

Year-over-Year Comparison

	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%

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

$69,048

Total Directors

$69,048

Key Employees

Highest Compensated

reported

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

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	$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

Banda Health