HEALTHCARE IN ACTION INC (EIN 871858798) - Form 990 Financial Analysis & Trantor Score

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

2021

Legal Domicile

Principal Officer

MICHAEL PLUMB

Phone

5629895100

Tax Period

2023-01-01 to 2023-12-31

HEALTHCARE IN ACTION INC, founded in 2021, is a mid-sized nonprofit in the Health Care sector that reported $14.8M in total revenue in fiscal year 2023. Revenue surged 147% from the prior year, signaling strong growth momentum.

Mission

HEALTHCARE IN ACTION, INC PROVIDES HEALTHCARE FOR PATIENTS EXPERIENCING HOMELESSNESS, OLDER ADULTS, AND OTHER VULNERABLE INDIVIDUALS WHO ARE EXPERIENCING HOMELESSNESS. WE SERVE PATIENTS EXPERIENCING HOMELESSNESS THROUGH AN INNOVATIVE "STREET MEDICINE" APPROACH BY CONTRACTING WITH MEDICARE AND MEDICAID HEALTH PLANS AS WELL AS HOSPITALS AND HEALTH SYSTEMS.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $10,611,405

Program Service Revenue $4,156,078

Investment Income $10,418

Other Revenue $0

TOTAL REVENUE $14,777,901

Expense Breakdown

Grants Paid $902,954

Salaries & Benefits $11,743,593

Fundraising Expenses $0

Program Expenses $11,930,976

Other Expenses $2,041,523

TOTAL EXPENSES $14,688,070

Year-over-Year Comparison

	2023	2022	Change
Revenue	$14,777,901	$5,990,251	+1.5%
Expenses	$14,688,070	$4,528,264	+2.2%
Net Income	$89,831	$1,461,987	-0.9%

Key Indicators

✓ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

N/A

Employees

126

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

$5,073,507

Total Directors

$10,998,963

Key Employees

$515,679

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JAIN MD SACHIN H	DIRECTOR	0.50	Director	$0	$1,554,958	$4,823,124
BATRA ROMILLA A	CHIEF MED. OFFICER, DIR. (END 09/23)	4.00	Director	$0	$32,379	$1,963,222
PLUMB MICHAEL	DIRECTOR, TREASURER (BEG 4/23)	1.00	Officer Director	$0	$666,170	$1,767,418
SHETH DEEPA	DIRECTOR (BEG 3/23)	8.00	Director	$0	$280,435	$920,849
HOCHMAN MICHAEL	CHIEF EXECUTIVE OFFICER	15.00	Officer Director	$0	$196,073	$686,013
KAPPEL KEVIN	TREASURER (END 4/23)	20.00	Officer Director	$347,619	$153,905	$501,524
BELL KATHLEEN G	COO - HIA (BEG 03/23)	35.00	Director	$232,842	$103,971	$336,813
KROEKER KEVIN B	SECRETARY (END 3/23)	1.00	Officer	$0	$51,046	$1,068,232
DELPHIN-RODRIGUEZ RENEE C	SECRETARY (BEG 3/23)	1.00	Officer	$0	$374,248	$809,301
SOLARES JESSICA	DIRECTOR CLINICAL OPERATIONS	35.00	Officer	$196,121	$44,898	$241,019
HAWKINS GINETTE	SVP, CHIEF RISK OFFICER	1.00	Key Emp	$0	$95,275	$515,679
JORDAN MICHAEL	REGIONAL DIR, CLIN OPS	10.00	Highest	$150,805	$29,363	$180,168
FLORES JULIA	MGR, CARE MGMT	10.00	Highest	$118,034	$30,288	$148,322
PEREZ MINERVA	MGR, CARE MGMT	40.00	Highest	$104,617	$19,419	$124,036

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	No data	No data	No data	No data
2023	$14,777,901	$14,688,070	$4,668,487	$89,831
2022	$5,990,251	$4,528,264	$2,455,745	$1,461,987
2021	$2,030,000	$1,232,869	$2,628,621	$797,131

HEALTHCARE IN ACTION INC