Better Solutions for Healthcare Inc

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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

CONNIE PARTOYAN

Phone

2054274556

Tax Period

2023-01-01 to 2023-12-31

Better Solutions for Healthcare Inc, founded in 2018, is a community nonprofit that reported $2.1M in total revenue in fiscal year 2023. Revenue surged 187% from the prior year, signaling strong growth momentum.

Mission

THE ORGANIZATION SEEKS TO FACILITATE A CONVERSATION ABOUT FINDING BETTER SOLUTIONS TO LOWER HEALTHCARE COSTS IN THE UNITED STATES.

Program Service Accomplishments

Program 1

Expenses: $2,196,502

THE ORGANIZATION RAN DIGITAL ADVERTISEMENTS AND DEPLOYED COMMUNITY STAFF TO RAISE AWARENESS OF THE HIGH COST OF HEALTHCARE IN THE UNITED STATES

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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 (2023)

Revenue Breakdown

Contributions & Grants $2,150,000

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $2,150,000

Expense Breakdown

Grants Paid $8,500

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $2,196,502

Other Expenses $2,218,202

TOTAL EXPENSES $2,226,702

Year-over-Year Comparison

	2023	2022	Change
Revenue	$2,150,000	$750,000	+1.9%
Expenses	$2,226,702	$740,836	+2.0%
Net Income	$-76,702	$9,164	-9.4%

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
CONNIE PARTOYAN	Executive Director	1.000	Officer 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	$2,150,000	$2,226,702	$86,001	$-76,702
2022	$750,000	$740,836	$162,703	$9,164
2021	$980,000	$982,722	$153,539	$-2,722
2020	$400,000	$254,281	$156,261	$145,719
2018	$200,000	$155,486	$44,514	$44,514