MONITOR MY HEALTH INC

EIN: 814498882 501(c)(3) Health Care

HAMDEN, CT

Total Revenue
$1,207,157
Total Expenses
$948,615
Total Assets
$1,096,209
Net Assets
$661,969
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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
CT
Principal Officer
DANA P WADE
Phone
8009459479
Tax Period
2023-01-01 to 2023-12-31

MONITOR MY HEALTH INC, founded in 2016, is a community nonprofit in the Health Care sector that reported $1.2M in total revenue in fiscal year 2023. Revenue surged 45% from the prior year, signaling strong growth momentum. The organization ran a surplus of $259K, a strong 21% operating margin.

Mission

ESTABLISHED TO PREVENT TYPE 2 DIABETES, HEART DISEASE, AND OBESITY AMONG INDIVIDUALS AT INCREASED RISK FOR THOSE CONDITIONS BY PROVIDING EVIDENCE-BASED INTERVENTION SERVICES AND ADDRESSING THE SOCIAL DETERMINANTS OF HEALTH.

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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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $1,091,256
Program Service Revenue $82,064
Investment Income $11,587
Other Revenue $22,250
TOTAL REVENUE $1,207,157

Expense Breakdown

Grants Paid $0
Salaries & Benefits $563,825
Fundraising Expenses $0
Program Expenses $763,573
Other Expenses $384,790
TOTAL EXPENSES $948,615

Year-over-Year Comparison

2023 2022 Change
Revenue $1,207,157 $834,801 +0.4%
Expenses $948,615 $450,433 +1.1%
Net Income $258,542 $384,368 -0.3%
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

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Governance

Voting Members
7
Independent Members
5
Employees
7
Volunteers
3

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
1
$93,415
Total Directors
7
$93,415
Key Employees
1
$93,415
Highest Compensated
1
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
DANA P WADE CEO / MEDICAL DIRECTOR 40
Officer Director Key Emp Highest
$93,415 $0 $93,415
ELEONORE M HERSCHBERGER BOARD MEMBER 1
Director
$0 $0 $0
JOHN KIRKLEY BOARD MEMBER 1
Director
$0 $0 $0
ANN GRIFFIN BOARD MEMBER 1
Director
$0 $0 $0
ARTHUR MCADAMS BOARD MEMBER 1
Director
$0 $0 $0
JACK LEVINE BOARD MEMBER 1
Director
$0 $0 $0
KRISTOPHER REESE BOARD MEMBER 1
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 No data No data No data No data
2023 $1,207,157 $948,615 $1,096,209 $258,542
2023 $1,207,157 $948,615 $1,096,209 $258,542
2022 $834,801 $450,433 $639,142 $384,368
2021 $364,524 $225,806 $360,728 $138,718
2020 $497,788 $306,325 $470,141 $191,463
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