Better Solutions for Healthcare Inc

EIN: 825194774

Arlington, VA

Total Revenue
$2,150,000
Total Expenses
$2,226,702
Total Assets
$86,001
Net Assets
$86,001
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Tuckman-Chang Vulnerability Assessment

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Financial Trends

Organization Details

Formation Year
2018
Legal Domicile
VA
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 small nonprofit that reported $200K in total revenue in fiscal year 2018. The organization ran a surplus of $45K, a strong 22% operating margin.

Mission

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

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Trantor Score

Financial Health & Payment Capacity Assessment (FICO Scale: 300–850)

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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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

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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
1
Independent Members
1
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
1
$0
Total Directors
1
$0
Key Employees
0
$0
Highest Compensated
0
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
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