HEALTHCARE ANCHOR NETWORK INC

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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

2021

Legal Domicile

Principal Officer

DAVID ZUCKERMAN

Phone

2029721480

Tax Period

2024-01-01 to 2024-12-31

HEALTHCARE ANCHOR NETWORK INC, founded in 2021, is a community nonprofit in the Health Care sector that reported $6.6M in total revenue in fiscal year 2024. Revenue surged 27% from the prior year, signaling strong growth momentum. The organization ran a surplus of $2.2M, a strong 34% operating margin.

Mission

HAN CATALYZES HEALTH SYSTEMS TO LEVERAGE THEIR HIRING, PURCHASING, AND INVESTING POWER TO BUILD INCLUSIVE LOCAL ECONOMIES THAT SUSTAIN HEALTHY COMMUNITIES.

Program Service Accomplishments

Program 1

Expenses: $2,527,343 Revenue: $525,195

HAN WORKS WITH THE SYSTEMS TO INCUBATE AND SCALE STRATEGIES THAT ESTABLISH THE ANCHOR MISSION AS A HEALTHCARE SECTOR PRIORITY. HAN PROVIDES STRATEGIC SUPPORT, CURATES DEEP-DIVE PEER CONVERSATIONS...

HAN WORKS WITH THE SYSTEMS TO INCUBATE AND SCALE STRATEGIES THAT ESTABLISH THE ANCHOR MISSION AS A HEALTHCARE SECTOR PRIORITY. HAN PROVIDES STRATEGIC SUPPORT, CURATES DEEP-DIVE PEER CONVERSATIONS, AND FACILITATES INITIATIVE WORKGROUPS FOR MEMBERS AS THEY DEVELOP, INNOVATE, LAUNCH, GROW, AND INSTITUTIONALIZE ANCHOR MISSION STRATEGIES AT THEIR INSTITUTIONS. HAN SUPPORTS HEALTH SYSTEMS IN IMPLEMENTING THE ANCHOR MISSION PILLARS BY RAISING THE BAR FOR ANCHOR MISSION STRATEGIES THROUGH DEFINING BEST-IN-CLASS COMMITMENTS AND LEVERAGING SECTOR RECOGNITION; ACCELERATING THE ADOPTION OF ANCHOR STRATEGIES INTERNALLY, IN PARTNERSHIP WITH OTHER ANCHORS, AND IN AUTHENTIC COLLABORATION WITH THE COMMUNITY; FOSTERING HIGH-IMPACT INDUSTRY COLLABORATION TO SCALE THE IMPACT OF THE ANCHOR MISSION APPROACH.

Program 2

Expenses: $541,574

HAN ALSO SUPPORTS OUR MEMBER HEALTH SYSTEMS TO ENGAGE IN COMMUNITY ECONOMIC DEVELOPMENT THAT IS INCLUSIVE OF COMMUNITY WHICH IS EMBEDDED IN ALL AREAS OF OUR WORK STREAMS. HAN ALSO PROVIDES COACHING...

Program 3

Expenses: $541,574

HAN CONDUCTS APPLIED RESEARCH ON ANCHOR MISSION STRATEGIES TO CREATE PRACTITIONER-FOCUSED RESOURCES AND MAXIMIZES THE REACH OF LEARNINGS.

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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 $5,848,727

Program Service Revenue $525,195

Investment Income $274,603

Other Revenue $0

TOTAL REVENUE $6,648,525

Expense Breakdown

Grants Paid $0

Salaries & Benefits $2,023,389

Fundraising Expenses $70,800

Program Expenses $3,610,491

Other Expenses $2,375,940

TOTAL EXPENSES $4,399,329

Year-over-Year Comparison

	2024	2023	Change
Revenue	$6,648,525	$5,225,351	+0.3%
Expenses	$4,399,329	$3,193,976	+0.4%
Net Income	$2,249,196	$2,031,375	+0.1%

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

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

$214,548

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MICHELLENE DAVIS	BOARD MEMBER	1.00	Director	$0	$0	$0
ALYIA GASKINS	SECRETARY	1.00	Officer Director	$0	$0	$0
DR SAM ROSS	TREASURER	1.00	Officer Director	$0	$0	$0
DR SOMA SAHA	BOARD MEMBER	1.00	Director	$0	$0	$0
JOHN VU	BOARD CHAIR	1.00	Officer Director	$0	$0	$0
JAIME DIRCKSEN	BOARD MEMBER	1.00	Director	$0	$0	$0
RICHARD SIEGRIST	BOARD MEMBER	1.00	Director	$0	$0	$0
DAVID ZUCKERMAN	PRESIDENT	40.00	Officer	$181,355	$33,193	$214,548
CHRISTY PARQUE	CHIEF OPERATING OFFICER	40.00	Highest	$135,030	$36,555	$171,585
BICH HA PHAM	SENIOR DIRECTOR, COMMUNICATIONS AND POLICY	40.00	Highest	$145,218	$49,873	$195,091

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	$6,648,525	$4,399,329	$10,041,791	$2,249,196
2023	$5,225,351	$3,193,976	$7,665,925	$2,031,375
2022	$2,977,282	$2,243,824	$5,607,566	$733,458
2021	$4,778,940	$22,445	$4,756,495	$4,756,495