HEALTH INNOVATION ALLIANCE (EIN 822295762) - 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

2017

Legal Domicile

Principal Officer

SANDY MONTICELLI

Phone

2026438645

Tax Period

2024-01-01 to 2024-12-31

HEALTH INNOVATION ALLIANCE, founded in 2017, is a small nonprofit in the Health Care sector that reported $255K in total revenue in fiscal year 2024. Revenue fell 37% from the prior year — a significant decline worth monitoring. Expenses of $218K left a modest 14% surplus.

Mission

THE ORGANIZATION IS ESTABLISHED PRIMARILY TO FURTHER THE COMMON GOOD AND GENERAL WELFARE OF THE CITIZENS OF THE UNITED STATES OF AMERICA BY EDUCATING THE PUBLIC AND POLICYMAKERS ON THE CHALLENGES OF OUR CURRENT HEALTH CARE SYSTEM.

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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 $255,000

Program Service Revenue $0

Investment Income $9

Other Revenue $0

TOTAL REVENUE $255,009

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $18,250

Program Expenses $170,225

Other Expenses $218,336

TOTAL EXPENSES $218,336

Year-over-Year Comparison

	2024	2023	Change
Revenue	$255,009	$401,589	-0.4%
Expenses	$218,336	$491,746	-0.6%
Net Income	$36,673	$-90,157	-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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JOEL WHITE	PRESIDENT & CEO	8.00	Officer Director	$0	$0	$0
SANDY MONTICELLI	TREASURER	1.00	Officer Director	$0	$0	$0
GREG JOHNSON	SECRETARY	1.00	Officer Director	$0	$0	$0
BRETT MEEKS	VICE PRESIDENT	20.00	Officer Director	$0	$0	$0
N/A	DIRECTOR	1.00		$0	$0	$0
N/A	DIRECTOR	1.00		$0	$0	$0
N/A	DIRECTOR	1.00		$0	$0	$0
N/A	DIRECTOR	1.00		$0	$0	$0
N/A	DIRECTOR	1.00		$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	$255,009	$218,336	$216,700	$36,673
2023	$401,589	$491,746	$180,027	$-90,157
2022	$437,508	$326,444	$270,184	$111,064
2021	$392,508	$341,681	$159,120	$50,827
2020	$283,868	$187,821	$108,293	$96,047

HEALTH INNOVATION ALLIANCE