HRH HEALTH SERVICES CORPORATION (EIN 814766710) - 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

2018

Legal Domicile

Principal Officer

ERIN ENGELS

Phone

3177453786

Tax Period

2024-01-01 to 2024-12-31

HRH HEALTH SERVICES CORPORATION, founded in 2018, is a small nonprofit in the Education sector that reported $247K in total revenue in fiscal year 2024. Revenue grew 13% year-over-year, indicating healthy expansion. Expenses of $513K exceeded revenue, resulting in a 108% operating deficit.

Mission

HRH HEALTH SERVICES WILL HOLD TITLE TO AND MANAGE ASSETS OWNED BY HENDRICKS REGIONAL HOSPITAL AND USED TO CARRY OUT THE HOSPITAL'S EXEMPT PURPOSE AS WELL AS PROVIDE PHILANTHROPIC SUPPORT AND OVERSIGHT OF OPERATIONS FOR THE HOSPITAL.

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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 $0

Program Service Revenue $188,629

Investment Income $58,579

Other Revenue $0

TOTAL REVENUE $247,208

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $513,413

Other Expenses $513,413

TOTAL EXPENSES $513,413

Year-over-Year Comparison

	2024	2023	Change
Revenue	$247,208	$219,628	+0.1%
Expenses	$513,413	$670,445	-0.2%
Net Income	$-266,205	$-450,817	-0.4%

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

$20,464

Total Directors

$26,464

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JOHN WAITE	VICE CHAIRPERSON	1.00	Officer Director	$6,000	$1,264	$7,264
ERIN ENGELS	CHAIRPERSON	1.00	Officer Director	$7,200	$0	$7,200
TYLER STARKEY	SECRETARY	1.00	Officer Director	$6,000	$0	$6,000
TIM WHICKER	BOARD MEMBER	1.00	Director	$6,000	$0	$6,000

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	$247,208	$513,413	$2,105,457	$-266,205
2023	$219,628	$670,445	$4,270,560	$-450,817
2022	$175,661	$496,260	$4,745,308	$-320,599
2021	$171,031	$563,132	$5,070,983	$-392,101
2020	$199,745	$721,833	$5,411,796	$-522,088
2019	$222,113	$337,473	$5,981,002	$-115,360
2018	$195,147	$208,537	$6,047,858	$-13,390

HRH HEALTH SERVICES CORPORATION