BLUE ENVELOPE HEALTH FUND (EIN 836006173) - 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

1954

Legal Domicile

Principal Officer

DEANNA PICKERING

Phone

3072675738

Tax Period

2024-01-01 to 2024-12-31

BLUE ENVELOPE HEALTH FUND, founded in 1954, is a small nonprofit that reported $625K in total revenue in fiscal year 2024. Revenue surged 952% from the prior year, signaling strong growth momentum. The organization ran a surplus of $438K, a strong 70% operating margin.

Mission

FINANCIAL MEDICAL ASSISTANCE

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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 $29,216

Program Service Revenue $0

Investment Income $426,767

Other Revenue $169,477

TOTAL REVENUE $625,460

Expense Breakdown

Grants Paid $164,109

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $164,109

Other Expenses $23,482

TOTAL EXPENSES $187,591

Year-over-Year Comparison

	2024	2023	Change
Revenue	$625,460	$59,443	+9.5%
Expenses	$187,591	$272,817	-0.3%
Net Income	$437,869	$-213,374	-3.1%

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

N/A

Volunteers

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
KEN MORSE	PRESIDENT	5.00	Officer Director	$0	$0	$0
SUE HOAG	VICE PRESIDENT	5.00	Officer Director	$0	$0	$0
RITA WALSH	SECRETARY	5.00	Officer Director	$0	$0	$0
DEANNA PICKERING	TREASURER	7.00	Officer Director	$0	$0	$0
KEVYN MORGAREIDGE	DIRECTOR	1.00	Director	$0	$0	$0
VAL LATHROP	DIRECTOR	1.00	Director	$0	$0	$0
ELAINE HOUGH	DIRECTOR	1.00	Director	$0	$0	$0
STEVE JOHNSON	DIRECTOR	1.00	Director	$0	$0	$0
DEBORAH O'BRIEN	DIRECTOR	1.00	Director	$0	$0	$0
RYEA O'NEILL	DIRECTOR	1.00	Director	$0	$0	$0
HEATHER HAFNER	DIRECTOR	1.00	Director	$0	$0	$0
MARK BOWER	DIRECTOR	1.00	Director	$0	$0	$0
JEROD LEVIN	DIRECTOR	1.00	Director	$0	$0	$0
JUDY AURELIUS	DIRECTOR	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	$625,460	$187,591	$2,931,718	$437,869
2023	$59,443	$272,817	$2,490,372	$-213,374
2022	$111,668	$216,480	$2,319,869	$-104,812
2021	$455,819	$195,749	$2,858,820	$260,070
2020	$245,429	$147,747	$2,521,767	$97,682
2019	$232,113	$261,864	$2,225,280	$-29,751
2018	$111,357	$143,299	$1,977,916	$-31,942

BLUE ENVELOPE HEALTH FUND