COMMUNITY HEALTHCARE NETWORK FOUNDATION INC (EIN 843909175) - 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

2019

Legal Domicile

Principal Officer

ROBERT HAYES

Phone

2125452404

Tax Period

2024-01-01 to 2024-12-31

COMMUNITY HEALTHCARE NETWORK FOUNDATION INC, founded in 2019, is a community nonprofit that reported $6.0M in total revenue in fiscal year 2024. Revenue surged 2129% from the prior year, signaling strong growth momentum. The organization ran a surplus of $5.0M, a strong 83% operating margin.

Mission

COMMUNITY HEALTHCARE NETWORK FOUNDATION, INC. ("CHNF") IS TO FACILITATE THE BORROWINGS RELATED TO A NEW MARKETS TAX CREDIT TRANSACTION TO FINANCE THE DEVELOPMENT AND CONSTRUCTION OF A HEALTH CARE FACILITY IN QUEENS, NEW YORK.

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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 $5,693,576

Program Service Revenue $0

Investment Income $287,002

Other Revenue $0

TOTAL REVENUE $5,980,578

Expense Breakdown

Grants Paid $1,000,000

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $1,000,000

Other Expenses $90

TOTAL EXPENSES $1,000,090

Year-over-Year Comparison

	2024	2023	Change
Revenue	$5,980,578	$268,292	+21.3%
Expenses	$1,000,090	$165	+6060.2%
Net Income	$4,980,488	$268,127	+17.6%

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

$917,002

Total Directors

$492,216

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ROBERT HAYES	PRESIDENT	0.50	Officer Director	$0	$24,762	$492,216
ELIZABETH KROB KELLNEER	SECRETARY	0.50	Officer Director	$0	$0	$0
MATTHEW WEISSMAN	TREASURER	0.50	Officer Director	$0	$0	$0
ALAN WENGROFSKY	EXECUTIVE VP/CFO	0.50	Officer	$0	$54,502	$424,786

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	$5,980,578	$1,000,090	$39,369,462	$4,980,488
2023	$268,292	$165	$22,794,035	$268,127
2022	$268,292	$180	$22,525,908	$268,112
2021	$195,507	$136	$22,257,796	$195,371
2020	$75,278	$210	$14,748,325	$75,068
2019	$257	No data	$7,142,257	No data

COMMUNITY HEALTHCARE NETWORK FOUNDATION INC