HEALTH ASSURANCE ECONOMY FOUNDATION (EIN 825407158) - 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

HEMANT TANEJA

Phone

4154217555

Tax Period

2024-01-01 to 2024-12-31

HEALTH ASSURANCE ECONOMY FOUNDATION, founded in 2018, is a small nonprofit in the Civil Rights & Advocacy sector that reported $667K in total revenue in fiscal year 2024. Revenue surged 534% from the prior year, signaling strong growth momentum. The organization ran a surplus of $294K, a strong 44% operating margin.

Mission

THE ORGANIZATION WAS FORMED TO ADDRESS THE MENTAL HEALTH OF PHYSICIANS. THE ORGANIZATION WISHES TO RESEARCH CAUSES OF PHYSICIAN STRESS AND WAYS TO IMPROVE PHYSICIAN-PATIENT INTERACTIONS AND TO FUND PROJECTS DOING THE SAME. IN ADDITION, THE ORGANIZATION INTENDS TO PROVIDE FUNDING TO HEALTHCARE RESEARCH WITH A SPECIFIC FOCUS ON OPIOID USE AND ABUSE.

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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 $0

Investment Income $735,328

Other Revenue $-68,692

TOTAL REVENUE $666,636

Expense Breakdown

Grants Paid $0

Salaries & Benefits $195,459

Fundraising Expenses $0

Program Expenses $285,193

Other Expenses $177,374

TOTAL EXPENSES $372,833

Year-over-Year Comparison

	2024	2023	Change
Revenue	$666,636	$105,131	+5.3%
Expenses	$372,833	$159,584	+1.3%
Net Income	$293,803	$-54,453	-6.4%

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

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

$182,263

Total Directors

$182,263

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
HEMANT TANEJA	PRESIDENT	1.00	Officer Director	$0	$0	$0
RHONDA BRAY	EXECUTIVE DIRECTOR	40.00	Officer Director	$175,000	$7,263	$182,263
GLEN TULMAN	BOARD MEMBER	1.00	Director	$0	$0	$0
JENNIFER GOLDSMITH	BOARD MEMBER	1.00	Director	$0	$0	$0
ASHWINI ZENOOZ	BOARD MEMBER	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	$666,636	$372,833	$14,511,432	$293,803
2023	$105,131	$159,584	$14,217,629	$-54,453
2022	$-322,157	$173,442	$14,272,082	$-495,599
2021	$12,772,499	$155,499	$14,767,681	$12,617,000
2020	$4,523	$115,202	$2,179,079	$-110,679
2019	$1,313,758	$9,348	$2,273,589	$1,304,410
2018	$1,005,559	$36,380	$1,005,559	$969,179

HEALTH ASSURANCE ECONOMY FOUNDATION