THE HEALTH CARE 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

1998

Legal Domicile

Principal Officer

MARY JANE MELINK

Phone

3604233591

Tax Period

2024-07-01 to 2025-06-30

THE HEALTH CARE FOUNDATION, founded in 1998, is a small nonprofit that reported $296K in total revenue in fiscal year 2024. Revenue fell 49% from the prior year — a significant decline worth monitoring. Expenses of $512K exceeded revenue, resulting in a 73% operating deficit.

Mission

DISTRIBUTING GRANTS TO LOCAL NONPROFITS FOR WORTHY PROJECTS.

Program Service Accomplishments

Program 1

Expenses: $262,234

UNCONDITIONAL GRANTS PROVIDED TO LOCAL NONPROFIT ORGANIZATIONS FOR PHYSICAL AND MENTAL HEALTH PROJECTS AND EQUIPMENT.

Program 2

Expenses: $168,800

CHALLENGE GRANTS PROVIDED TO LOCAL NONPROFIT ORGANIZATIONS FOR PHYSICAL AND MENTAL HEALTH PROJECTS AND EQUIPMENT.

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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 $84,400

Program Service Revenue $0

Investment Income $211,924

Other Revenue $0

TOTAL REVENUE $296,324

Expense Breakdown

Grants Paid $431,034

Salaries & Benefits $38,961

Fundraising Expenses $0

Program Expenses $431,034

Other Expenses $41,605

TOTAL EXPENSES $511,600

Year-over-Year Comparison

	2024	2023	Change
Revenue	$296,324	$577,501	-0.5%
Expenses	$511,600	$606,069	-0.2%
Net Income	$-215,276	$-28,568	+6.5%

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

N/A

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

$38,961

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JUDY BAILEY	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
JOCELYN WATTERS	BOARD MEMBER	1.00	Director	$0	$0	$0
JOHN PHILBROOK	PRESIDENT	1.00	Officer Director	$0	$0	$0
SHERRY TINOCO	SECRETARY/TREASURER	1.00	Officer Director	$0	$0	$0
DAVE SPURGEON	BOARD MEMBER	1.00	Director	$0	$0	$0
RON MARSHALL	BOARD MEMBER	1.00	Director	$0	$0	$0
MAX ANDERSON	BOARD MEMBER	1.00	Director	$0	$0	$0
KATIE GERSON	BOARD MEMBER	1.00	Director	$0	$0	$0
ANDREW HAMILTON	BOARD MEMBER	1.00	Director	$0	$0	$0
CAROLE HARRISON	BOARD MEMBER	1.00	Director	$0	$0	$0
SUE LAWTON	BOARD MEMBER	1.00	Director	$0	$0	$0
VONDA MCFADDEN	BOARD MEMBER	1.00	Director	$0	$0	$0
JOHN PAUL	BOARD MEMBER	1.00	Director	$0	$0	$0
MARY JANE MELINK	EXECUTIVE DIRECTOR	20.00	Officer	$38,961	$0	$38,961

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	$296,324	$511,600	$9,570,856	$-215,276
2024	$577,501	$606,069	$8,902,287	$-28,568
2023	$284,121	$551,239	$8,285,236	$-267,118
2022	$758,881	$742,554	$7,890,973	$16,327
2021	$368,141	$360,681	$9,580,055	$7,460
2020	$395,791	$516,324	$7,731,981	$-120,533
2019	$356,326	$664,030	$7,787,352	$-307,704