ALBERT LEA HEALTHCARE COALITION

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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

2019

Legal Domicile

Principal Officer

BRAD ARENDS

Phone

5073832852

Tax Period

2024-01-01 to 2024-12-31

ALBERT LEA HEALTHCARE COALITION, founded in 2019, is a micro nonprofit in the Health Care sector that reported $88K in total revenue in fiscal year 2024. Expenses of $404K exceeded revenue, resulting in a 360% operating deficit.

Mission

PROMOTE THE DEVELOPMENT OF AND IMPROVING ACCESS TO HEALTH CARE SERVICES TO BENEFIT THE COMMUNITY AND ITS RESIDENTS.

Program Service Accomplishments

Program 1

Expenses: $352,653 Revenue: $87,741

AS OF JANUARY 1, 2024, MERCYONE MEDICAL HAD ENDED THE LEASE OF THE CLINIC AND THE HEALTHCARE COALITION NO LONGER HAD A RENTER FOR THE 14,000 MEDICAL CENTER. IN MAY OF 2024, ANOTHER MEDICAL PROVIDER LEASED 2,000 SQUARE FEET OF THE FACILITY. DURING THE YEAR, DISCUSSIONS WERE HELD WITH ANOTHER REGIONAL MEDICAL PROVIDER, WHO DECLINED TO MOVE FORWARD WITH ANOTHER CLINIC AT THE HEALTHCARE COALITION LOCATION. AS OF THE END OF THE YEAR, THE HEALTHCARE COALITION WAS STILL LOOKING FOR OTHER TENANTS.

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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 $38,834

Program Service Revenue $29,813

Investment Income $7,377

Other Revenue $11,717

TOTAL REVENUE $87,741

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $9,726

Program Expenses $352,653

Other Expenses $394,539

TOTAL EXPENSES $403,539

Year-over-Year Comparison

	2024	2023	Change
Revenue	$87,741	$84,906	+0.0%
Expenses	$403,539	$374,775	+0.1%
Net Income	$-315,798	$-289,869	+0.1%

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

$5,415

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BRAD ARENDS	PRESIDENT	4.00	Officer	$0	$0	$0
ANDREA JENSEN	SECRETARY	4.00	Officer	$0	$0	$0
STEVE TUFTE	TREASURER	4.00	Officer	$0	$0	$0
CHARLES NEWELL	BOARD MEMBER	2.00	Director	$0	$0	$0
JILL MORSTAD	BOARD MEMBER	6.00	Director	$0	$0	$0
DR WILLIAM BUEGE	BOARD MEMBER	2.00	Director	$0	$0	$0
RICHARD HANSEN	BOARD MEMBER	6.00	Director	$5,415	$0	$5,415
JEAN EATON	BOARD MEMBER	2.00	Director	$0	$0	$0
CRAIG LUDTKE	BOARD MEMBER	2.00	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	$87,741	$403,539	$4,614,709	$-315,798
2023	$84,906	$374,775	$5,014,765	$-289,869
2022	$345,399	$348,553	$5,377,492	$-3,154
2021	$1,542,791	$288,683	$5,134,250	$1,254,108
2020	$2,443,015	$191,341	$2,694,145	$2,251,674
2019	$445,835	$3,747	$442,088	$442,088