HEALTH CHOICE 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

2010

Legal Domicile

Principal Officer

ALEJANDRO ROMILLO

Phone

3055991015

Tax Period

2024-10-01 to 2025-09-30

HEALTH CHOICE NETWORK INC, founded in 2010, is a mid-sized nonprofit in the Health Care sector that reported $61.9M in total revenue in fiscal year 2024. Revenue surged 21% from the prior year, signaling strong growth momentum. Expenses of $54.6M left a modest 12% surplus.

Mission

TO IMPROVE THE HEALTH STATUS OF OUR COMMUNITIES THROUGH THE PROVISION OF HIGH-QUALITY, AFFORDABLE, COMMUNITY-BASED HEALTH CARE TO UNDERSERVED INDIVIDUALS AND FAMILIES WHILE PROVIDING SUPPORT AND PARTNERSHIPS WITH OUR NETWORK OF PROVIDERS. OUR INTENTION IS TO SUPPORT A MEDICAL HOME FOR OUR MEMBERS THAT ENSURES ACCESS TO CARE, QUALITY SERVICES AND A COMPASSIONATE UNDERSTANDING OF THEIR NEEDS.

Program Service Accomplishments

Program 1

Expenses: $46,232,283 Revenue: $60,082,250

TO ASSIST MEMBER CENTERS IN PROVIDING QUALITY FISCAL AND MANAGEMENT INFORMATION SYSTEM SERVICES. THE NETWORK'S MAIN MISSION IS TO PROVIDE HIGH QUALITY SERVICE, SUPPORT, AND EXPERTISE TO MEMBER...

TO ASSIST MEMBER CENTERS IN PROVIDING QUALITY FISCAL AND MANAGEMENT INFORMATION SYSTEM SERVICES. THE NETWORK'S MAIN MISSION IS TO PROVIDE HIGH QUALITY SERVICE, SUPPORT, AND EXPERTISE TO MEMBER ORGANIZATIONS AND TO ACT AS A VEHICLE FOR STRATEGIC EFFORTS THAT STRENGTHEN OUR COMMUNITY HEALTH PARTNERS. BY SHARING COMMON TECHNOLOGY AND MANAGEMENT INFORMATION SERVICES, MEMBER CENTERS CAN PROVIDE BETTER AND MORE ACCESSIBLE CARE BY USING THE VERY LATEST IN ELECTRONIC HEALTH RECORDS, INFORMATICS RESEARCH AND FINANCIAL AND CLINICAL SERVICES. THE NETWORK IS DEDICATED TO PROVIDING THE FINEST IN THESE SERVICES TO ITS MEMBER CENTERS SO THEY CAN MPROVE THE QUALITY AND ACCESSIBILITY OF MEDICAL AND DENTAL HEALTHCARE THEY PROVIDE TO THEIR PATIENTS.

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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 $1,782,479

Program Service Revenue $60,082,250

Investment Income $1,918

Other Revenue $0

TOTAL REVENUE $61,866,647

Expense Breakdown

Grants Paid $0

Salaries & Benefits $18,794,892

Fundraising Expenses $0

Program Expenses $46,232,283

Other Expenses $35,774,228

TOTAL EXPENSES $54,569,120

Year-over-Year Comparison

	2024	2023	Change
Revenue	$61,866,647	$51,032,630	+0.2%
Expenses	$54,569,120	$55,675,851	0.0%
Net Income	$7,297,527	$-4,643,221	-2.6%

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

163

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

$2,916,385

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ALEJANDRO M ROMILLO	PRESIDENT & CEO	0.0	Officer	$0	$104,947	$801,226
RICK FRIEDFELD	CHIEF FINANCIAL OFFICER	0.0	Officer	$0	$69,256	$468,387
BLANCA MARGARITA OLLET	CHIEF OPERATING OFFICER	0.0	Officer	$0	$63,974	$444,456
OSCAR PEREZ	CHIEF APPLICATION & INNOV OFF.	40.0	Highest	$374,721	$66,282	$441,003
MEREDITH HUGHES MARSH	QUALITY IMPROVEMENT OFFICER	0.0	Officer	$0	$63,328	$368,056
Timothy Joseph LONG	Chief Clinical Officer	0.0	Officer	$0	$50,477	$356,315
TIMOTHY WELDON	CHIEF ENGAGEMENT & DEV OFFICER	40.0	Highest	$242,895	$49,012	$291,907
MAYLEE SANCHEZ	CHIEF INFORMATION OFFICER	40.0	Officer	$263,307	$11,778	$275,085
ROSENDO COLLAZO	PHYSICIAN CHAMPION	40.0	Highest	$226,217	$45,560	$271,777
SANDY CALLE	PHYSICIAN CHAMPION	40.0	Highest	$221,893	$30,326	$252,219
Cassandra Meyer	DIR. OF COMM. & POP. HEALTH AP	40.0	Highest	$170,984	$74,637	$245,621
PRISCILLA TORRES	CHIEF HR OFFICER	0.0	Officer	$0	$37,144	$202,860
MERRILL THOMAS	TREASURER- DIRECTOR	1.0	Officer Director	$0	$0	$0
ROSALYN FRAZIER	CHAIR - DIRECTOR	1.0	Officer Director	$0	$0	$0
RICHARD TAAFFE	SECRETARY - DIRECTOR	1.0	Officer Director	$0	$0	$0
PAM TRIPP	TREASURER - DIRECTOR	1.0	Officer Director	$0	$0	$0
DR JOHAN TORRES	DIRECTOR	1.0	Director	$0	$0	$0
ELODIE DORSO	DIRECTOR	1.0	Director	$0	$0	$0
BAKARI BURNS	DIRECTOR	1.0	Director	$0	$0	$0
ARAMIDE AYORINDE PHD	DIRECTOR	1.0	Director	$0	$0	$0
ROSA CASTRO AVILA MD	DIRECTOR	1.0	Director	$0	$0	$0
ANTHONY BLAKE HALL	DIRECTOR	1.0	Director	$0	$0	$0
RYAN HAWKINS	DIRECTOR	1.0	Director	$0	$0	$0
SHERRY HOBACK RN	DIRECTOR	1.0	Director	$0	$0	$0
CHRISTOPHER IRIZARRY	DIRECTOR	1.0	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	$61,866,647	$54,569,120	$22,587,559	$7,297,527
2024	$51,032,630	$55,675,851	$19,868,548	$-4,643,221
2023	$35,842,874	$52,889,569	$25,231,074	$-17,046,695
2022	$26,805,901	$41,460,347	$25,389,948	$-14,654,446
2021	$21,697,553	$20,767,995	$25,593,946	$929,558
2020	$17,392,968	$18,295,348	$8,043,567	$-902,380
2019	$17,366,790	$16,979,633	$6,977,955	$387,157
2018	$15,774,341	$16,248,707	$6,446,968	$-474,366