HEALTH FIRST FOUNDATION INC (EIN 843851693) - Form 990 Financial Analysis & Trantor Score

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

2019

Legal Domicile

Principal Officer

TERRY L FORDE

Phone

3214345150

Tax Period

2023-10-01 to 2024-09-30

HEALTH FIRST FOUNDATION INC, founded in 2019, is a community nonprofit in the Health Care sector that reported $1.8M in total revenue in fiscal year 2023. Revenue fell 23% from the prior year — a significant decline worth monitoring. Expenses of $2.3M exceeded revenue, resulting in a 27% operating deficit.

Mission

HEALTH FIRST FOUNDATION, INC. HELPS IMPROVE THE HEALTH AND WELL-BEING OF OUR COMMUNITY BY RAISING FUNDS TO SUPPORT AND ADVANCE THE MISSION OF HEALTH FIRST, INC. AND ITS FAMILY OF CHARITABLE HEALTHCARE PROVIDERS.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

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

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $1,381,317

Program Service Revenue $0

Investment Income $452,477

Other Revenue $-36,086

TOTAL REVENUE $1,797,708

Expense Breakdown

Grants Paid $821,094

Salaries & Benefits $1,012,714

Fundraising Expenses $955,551

Program Expenses $821,094

Other Expenses $360,060

TOTAL EXPENSES $2,290,457

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,797,708	$2,332,551	-0.2%
Expenses	$2,290,457	$2,801,978	-0.2%
Net Income	$-492,749	$-469,427	+0.0%

Key Indicators

✓ Grants to Organizations ✓ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

N/A

Volunteers

411

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

$2,770,984

Total Directors

$3,168,444

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KENNETH TIEU MD	TRUSTEE	1.00	Director	$0	$20,158	$1,403,245
NICHOLAS W ROMANELLO ESQ	ASSISTANT SECRETARY	1.00	Officer Director	$0	$30,967	$848,197
TAYLOR K SMITH	INTERIM CEO/TRUSTEE END 8/5/2024	1.00	Officer Director	$0	$0	$516,274
MICHAEL E SEELEY	SYS VP HFF PRESIDENT	40.00	Officer Director	$0	$21,967	$398,016
CHRISTINA GOINS	PAST VC/IMMED. PAST CHAIR END 1/2024	1.00	Officer Director	$0	$0	$0
CHRISTINE LANCE	IMMEDIATE PAST TREASURER END 1/2024	1.00	Officer Director	$0	$0	$0
KAY CANTRELL	TRUSTEE /SECRETARY BEG. 1/2024	1.00	Officer Director	$0	$0	$0
BARRY FORBES	TRUSTEE /FRMR VC /CHAIR BEG. 1/2024	1.00	Officer Director	$0	$0	$0
KIRK KESSEL	TRUSTEE/VICE CHAIR BEG. 1/2024	1.00	Officer Director	$0	$0	$0
BECKY DUKES	TRUSTEE/TREASURER BEG. 1/2024	1.00	Officer Director	$0	$0	$0
STEPHEN LACEY	TRUSTEE/IMMED PAST CHAIR END 1/2024	1.00	Director	$0	$0	$0
SHELLY COOPER	TRUSTEE BEG. 1/2024	1.00	Director	$0	$0	$0
SANDRA HENRY	TRUSTEE	1.00	Director	$0	$0	$2,712
JANE C GLEASON	TRUSTEE	1.00	Director	$0	$0	$0
GOBIVENKATA BALAJI MD	TRUSTEE	1.00	Director	$0	$0	$0
REBECCA BURGMAN	TRUSTEE	1.00	Director	$0	$0	$0
ROBYN HATTAWAY	TRUSTEE	1.00	Director	$0	$0	$0
PAULA G MOLNAR	TRUSTEE END 1/2024	1.00	Director	$0	$0	$0
ROBERT PERERS	TRUSTEE BEG. 1/2024	1.00	Director	$0	$0	$0
BARRY F RICHARDSON	TRUSTEE END 1/2024	1.00	Director	$0	$0	$0
NANCY TAYLOR	TRUSTEE END 1/2024	1.00	Director	$0	$0	$0
BARBARA WALL	TRUSTEE	1.00	Director	$0	$0	$0
AUTUMN SHRUM	TRUSTEE	1.00	Director	$0	$0	$0
MONICA SHAH	TRUSTEE	1.00	Director	$0	$0	$0
DAVID PELZMAN	TRUSTEE	1.00	Director	$0	$0	$0
ELAINA GARVIN	TRUSTEE	1.00	Director	$0	$0	$0
ANGELA NEAL	TRUSTEE	1.00	Director	$0	$0	$0
RITA MORENO	TRUSTEE BEG. 1/2024	1.00	Director	$0	$0	$0
WILLIAM TRONER	TRUSTEE BEG. 1/2024	1.00	Director	$0	$0	$0
TERRY L FORDE	PRESIDENT/CEO BEG. 8/5/2024	1.00	Officer Director	$0	$0	$0
BRETT A ESROCK	EXEC VP CFO/COO END 8/05/2024	1.00	Officer	$0	$28,047	$1,008,497
KRISTEN M PULIO	EXECUTIVE VP CFO BEG. 9/23/2024	1.00	Officer	$0	$0	$0
MARY C KERN	SYS DIR OPS AND SUSTAINED	40.00	Highest	$0	$20,232	$223,166
STEVEN P JOHNSON	FORMER PRESIDENT/CEO HFI	0.00		$0	$20,932	$1,724,795
MICHAEL A SCIALDONE	FORMER EVP/CFO HFI	0.00		$0	$20,263	$819,729

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	$1,797,708	$2,290,457	$13,482,724	$-492,749
2024	$2,069,822	$742,407	$15,131,950	$1,327,415
2023	$2,332,551	$2,801,978	$12,604,746	$-469,427
2022	$1,176,071	$3,253,028	$7,759,840	$-2,076,957
2021	$1,323,822	$3,138,709	$8,113,598	$-1,814,887

HEALTH FIRST FOUNDATION INC