THE REGIONAL HEALTHCARE FOUNDATION

EIN: 901108823 501(c)(3) Health Care

FAIRMONT, WV

Total Revenue
$8,849
Total Expenses
$12,120
Total Assets
$194,275
Net Assets
$194,275
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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
WV
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

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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%)

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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

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Governance

Voting Members
4
Independent Members
4
Employees
N/A
Volunteers
6

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
3
$0
Total Directors
0
$0
Key Employees
0
$0
Highest Compensated
0
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
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