Communihealth Development Corporati (EIN 853708904) - 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

Legal Domicile

Principal Officer

Katie Parnell

Phone

3182838887

Tax Period

2024-08-01 to 2025-07-31

Communihealth Development Corporati, founded in 2020, is a small nonprofit in the Health Care sector that reported $151K in total revenue in fiscal year 2024. Expenses of $576K exceeded revenue, resulting in a 280% operating deficit.

Mission

Communihealth Development Corp exists to support Morehouse Community Medical Ctrs, Inc. by assisting, through a New Market Tax Credit arrangement, in the development of a multi-use building utilized in the provision of rural community based health program for adults and children.

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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 $0

Program Service Revenue $150,000

Investment Income $1,469

Other Revenue $0

TOTAL REVENUE $151,469

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $548,937

Other Expenses $575,740

TOTAL EXPENSES $575,740

Year-over-Year Comparison

	2024	2023	Change
Revenue	$151,469	$155,822	0.0%
Expenses	$575,740	$589,319	0.0%
Net Income	$-424,271	$-433,497	0.0%

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

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Katie Parnell	President-CEO	5.00	Officer Director	$0	$0	$0
Joe Derry	Board Member-CFO	5.00	Officer Director	$0	$0	$0
Kay King	Secretary	5.00	Officer Director	$0	$0	$0
Brandon Maxwell	Treasurer	5.00	Officer Director	$0	$0	$0
Brenda Norman	Vice-President	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
2025	$151,469	$575,740	$10,170,348	$-424,271
2024	$155,822	$589,319	$10,566,609	$-433,497
2023	$115,711	$488,712	$11,486,403	$-373,001
2022	$650	$173,642	$12,519,957	$-172,992
2021	$428,207	$311,900	$12,115,170	$116,307

Communihealth Development Corporati