THE REGIONAL HEALTHCARE FOUNDATION

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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

1986

Legal Domicile

Principal Officer

NICK L FANTASIA

Tax Period

2023-01-01 to 2023-12-31

THE REGIONAL HEALTHCARE FOUNDATION, founded in 1986, is a micro nonprofit in the Health Care sector that reported $9K in total revenue in fiscal year 2023. Expenses of $12K exceeded revenue, resulting in a 37% operating deficit.

Mission

THE REGIONAL HEALTHCARE FOUNDATION IS PARTNERING WITH OUR COMMUNITY TO MAKE A DIFFERENCE. THE FOUNDATION FOCUES ITS SUPPORT ON ANY HEALTHCARE RELATED OPPORTUNITY WITHIN MARION COUNTY WV THROUGH PARTNERSHIPS WITH FAIRMONT REGIONAL MEDICAL CENTER, MVA FAIRMONT CLINIC, EMS, HEALT

Program Service Accomplishments

Program 1

Expenses: $12,120 Revenue: $8,849

THE REGIONAL HEALTHCARE FOUNDATION IS PARTNERING WITH OUR COMMUNITY TO MAKE A DIFFERENCE THE FOUNDATION FOCUSES ITS SUPPORT ON ANY HEALTHCARE RELATED OPPORTUNITY WITHIN MARION COUNTY, WV THROUGH...

THE REGIONAL HEALTHCARE FOUNDATION IS PARTNERING WITH OUR COMMUNITY TO MAKE A DIFFERENCE THE FOUNDATION FOCUSES ITS SUPPORT ON ANY HEALTHCARE RELATED OPPORTUNITY WITHIN MARION COUNTY, WV THROUGH PARTNERSHIPS WITH FAIRMONT REGIONAL MEDICAL CENTER, MVA FAIRMONT CLINIC, MARION COUNTY HEALTH DEPARTMENT, MARION COUNTY RESCUE SQUAD AND OTHER HEALTHCARE ENTITIES.

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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 (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $0

Investment Income $8,849

Other Revenue $0

TOTAL REVENUE $8,849

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $12,120

Other Expenses $12,120

TOTAL EXPENSES $12,120

Year-over-Year Comparison

	2023	2022	Change
Revenue	$8,849	$-30,011	-1.3%
Expenses	$12,120	$206,435	-0.9%
Net Income	$-3,271	$-236,446	-1.0%

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
SONJA RADDISH	TREASURER	1.00	Officer	$0	$0	$0
MARY J THOMAS	VICE CHAIRMAN	3.00	Officer	$0	$0	$0
NICK L FANTASIA	PRESIDENT	5.00	Officer	$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
2024	No data	No data	No data	No data
2023	$8,849	$12,120	$194,275	$-3,271