Health Commons Project (EIN 833940028) - 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

2020

Legal Domicile

Principal Officer

Robert Arnold

Phone

4252467068

Tax Period

2024-01-01 to 2024-12-31

Health Commons Project, founded in 2020, is a community nonprofit in the Health Care sector that reported $2.0M in total revenue in fiscal year 2024. Revenue fell 68% from the prior year — a significant decline worth monitoring. Expenses of $3.0M exceeded revenue, resulting in a 55% operating deficit.

Mission

Health Commons Project mission is to close health equity gaps in underinvested communities.

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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 $1,816,747

Program Service Revenue $0

Investment Income $139,806

Other Revenue $0

TOTAL REVENUE $1,956,553

Expense Breakdown

Grants Paid $851,022

Salaries & Benefits $1,562,534

Fundraising Expenses $0

Program Expenses $2,232,961

Other Expenses $609,516

TOTAL EXPENSES $3,023,072

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,956,553	$6,085,536	-0.7%
Expenses	$3,023,072	$6,133,796	-0.5%
Net Income	$-1,066,519	$-48,260	+21.1%

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

$188,649

Total Directors

Key Employees

$378,419

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Megan Narrance	Board Member	1.00	Director	$0	$0	$0
Jennifer Conway	Board Member	1.00	Director	$0	$0	$0
Adam Taylor	Board Member	1.00	Director	$0	$0	$0
Robert Arnold	Executive Director	40.00	Officer	$180,933	$7,716	$188,649
Brian Blackorby	Manager	40.00	Key Emp	$200,015	$7,716	$207,731
Celia McTigue	Program Manager	40.00	Key Emp	$162,972	$7,716	$170,688
Michael Berman	Senior Manager	40.00	Highest	$124,534	$0	$124,534
Adam Davis	Director, Community Prog	40.00	Highest	$110,950	$0	$110,950
Chad Fischer	Interm Dir, WA Impact Fund	40.00	Highest	$121,357	$0	$121,357
Christine Arnold	Director, Operations	40.00	Highest	$144,827	$0	$144,827

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	$1,956,553	$3,023,072	$3,640,087	$-1,066,519
2023	$6,085,536	$6,133,796	$4,824,792	$-48,260
2022	$7,949,980	$5,611,693	$4,644,067	$2,338,287
2021	$5,567,496	$3,584,356	$2,395,814	$1,983,140
2020	$374,020	$79,674	$294,423	$294,346

Health Commons Project