HEALTHSHARE CONNECTION (EIN 852438856) - 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

THOMAS COLE

Phone

7252224552

Tax Period

2022-01-01 to 2022-12-31

HEALTHSHARE CONNECTION, founded in 2020, is a small nonprofit that reported $372K in total revenue in fiscal year 2022. Revenue surged 122% from the prior year, signaling strong growth momentum. The organization ran a surplus of $144K, a strong 39% operating margin.

Mission

HEALTHSHARE CONNECTIONS WAS ESTABLISHED TO PROVIDE A LOW COST WAY FOR PEOPLE TO SHARE THEIR MEDICAL EXPENSES. NINETY PERCENT (90%) OF ALL OF THE DONATIONS ACCEPTED WILL GO TOWARDS MEDICAL EXPENSES FOR OUR MEMBERS. HEALTHSHARE CONNECTION HAS LIMITED IT'S EXPENSES TO TEN (10) PERCENT OF THE MEMBERSHIP DUES COLLECTED. THESE FEES WILL HELP COVER NETWORK AND ADMINISTRATION FEES FOR THE MEDICAL EXPENSE SHARING PROGRAMS. THESE FEES WILL ALSO HELP COVER THE COST OF ADMINISTERING THE EXPENSE PAYMENTS.

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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 (2022)

Revenue Breakdown

Contributions & Grants $371,661

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $371,661

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $228,111

Other Expenses $228,111

TOTAL EXPENSES $228,111

Year-over-Year Comparison

	2022	2021	Change
Revenue	$371,661	$167,414	+1.2%
Expenses	$228,111	$142,864	+0.6%
Net Income	$143,550	$24,550	+4.8%

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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
THOMAS COLE	DIRECTOR	5.00	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
2022	$371,661	$228,111	$177,165	$143,550
2021	$167,414	$142,864	$33,615	$24,550

HEALTHSHARE CONNECTION