HealthImpact (EIN 820570413) - 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

2001

Legal Domicile

Principal Officer

Garrett Chan

Phone

5108328400

Tax Period

2024-01-01 to 2024-12-31

HealthImpact, founded in 2001, is a community nonprofit in the Health Care sector that reported $1.4M in total revenue in fiscal year 2024.

Mission

To shape health care through workforce strategy, stakeholder convening, and policy advocacy.

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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 $911,489

Program Service Revenue $522,497

Investment Income $263

Other Revenue $0

TOTAL REVENUE $1,434,249

Expense Breakdown

Grants Paid $11,590

Salaries & Benefits $1,082,100

Fundraising Expenses $11,749

Program Expenses $1,278,442

Other Expenses $370,091

TOTAL EXPENSES $1,463,781

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,434,249	$1,392,499	+0.0%
Expenses	$1,463,781	$1,329,119	+0.1%
Net Income	$-29,532	$63,380	-1.5%

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

Volunteers

N/A

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

$224,941

Total Directors

$224,941

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Garrett Chan	President & CEO	40.00	Officer Director	$205,644	$19,297	$224,941
Edward Burns	Dir of Strat Initv	40.00		$138,310	$5,949	$144,259
Debra Bakerjian	President	5.00	Officer Director	$0	$0	$0
Karen Grimley	Treasurer	2.00	Officer Director	$0	$0	$0
Margarita Baggett	Director	1.00	Director	$0	$0	$0
Loriann De Martini	Director	1.00	Director	$0	$0	$0
Anna Kiger	Director	1.00	Director	$0	$0	$0
David Marshall	Director	1.00	Director	$0	$0	$0
Linda Zorn	Director	1.00	Director	$0	$0	$0
Paul Leon	Director	1.00	Director	$0	$0	$0
Anitra Williams	Director	1.00	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	$1,434,249	$1,463,781	$686,308	$-29,532
2023	$1,392,499	$1,329,119	$613,551	$63,380
2022	$1,222,098	$1,130,314	$521,083	$91,784
2021	$874,219	$1,219,069	$377,738	$-344,850
2020	$822,890	$961,305	$642,879	$-138,415
2020	$822,890	$961,305	$642,879	$-138,415
2019	$639,365	$1,064,446	$772,536	$-425,081
2018	$1,080,941	$1,127,969	$1,204,971	$-47,028

HealthImpact