HONOR HEALTH CAREER PROGRAMS (EIN 844715047) - 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

Principal Officer

DALTON FREEMAN

Phone

8646790588

Tax Period

2024-01-01 to 2024-12-31

HONOR HEALTH CAREER PROGRAMS, founded in 2020, is a small nonprofit that reported $216K in total revenue in fiscal year 2024. Revenue surged 95% from the prior year, signaling strong growth momentum.

Mission

HHCP IS DEDICATED TO ENRICHING THE LIVES OF THE HEALTHCARE WORKFORCE THROUGH COMPREHENSIVE WORKFORCE DEVELOPMENT, EDUCATION AND MENTORSHIP INITIATIVES.

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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 $39,462

Program Service Revenue $141,841

Investment Income $0

Other Revenue $34,559

TOTAL REVENUE $215,862

Expense Breakdown

Grants Paid $33,806

Salaries & Benefits $132,439

Fundraising Expenses $172

Program Expenses $195,557

Other Expenses $45,345

TOTAL EXPENSES $211,762

Year-over-Year Comparison

	2024	2023	Change
Revenue	$215,862	$110,899	+0.9%
Expenses	$211,762	$134,064	+0.6%
Net Income	$4,100	$-23,165	-1.2%

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

$77,266

Total Directors

$77,266

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ERIN FREDERICKS	EXECUTIVE DI	40.00	Officer Director	$77,266	$0	$77,266
CARMELLA BURTON	DIRECTOR	1.00	Director	$0	$0	$0
DALTON FREEMAN	CHAIR	1.00	Officer Director	$0	$0	$0
GRAYSON KELLY	DIRECTOR	1.00	Director	$0	$0	$0
JANICE SUMNER	VICE CHAIR	1.00	Officer Director	$0	$0	$0
JOHN TWITTY	TREASURER	1.00	Officer 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	$215,862	$211,762	$52,305	$4,100

HONOR HEALTH CAREER PROGRAMS