Drew Health Foundation

EIN: 941647797 501(c)(3) Health Care

East Palo Alto, CA

Total Revenue
$185,523
Total Expenses
$188,427
Total Assets
$3,364,970
Net Assets
$3,358,940
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1967
Legal Domicile
CA
Principal Officer
Alvin Spencer
Tax Period
2023-04-01 to 2024-03-31

Drew Health Foundation, founded in 1967, is a small nonprofit in the Health Care sector that reported $186K in total revenue in fiscal year 2023. Revenue decreased 12% compared to the prior year. Net assets of $3.4M represent 217 months of operating reserves.

Mission

TO PROVIDE COMMUNITY RESIDENTS WITH COMMUNITY REFERRAL RESOURCES, LOW-COST HOUSING, COMPREHENSIVE HEALTH CARE REFERRAL SERVICES AND PREVENTATIVE EDUCATION DESIGNED TO MEET THEIR NEEDS.

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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 $27
Program Service Revenue $27,673
Investment Income $86,185
Other Revenue $71,638
TOTAL REVENUE $185,523

Expense Breakdown

Grants Paid $19,550
Salaries & Benefits $40,053
Fundraising Expenses $4,430
Program Expenses $34,524
Other Expenses $128,824
TOTAL EXPENSES $188,427

Year-over-Year Comparison

2023 2022 Change
Revenue $185,523 $211,342 -0.1%
Expenses $188,427 $197,138 0.0%
Net Income $-2,904 $14,204 -1.2%
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
6
Independent Members
6
Employees
3
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
1
$29,250
Total Directors
7
$29,250
Key Employees
1
$29,250
Highest Compensated
1
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
CarsJanae Pettiford-Reese Executive Director 019.75
Officer Director Key Emp Highest
$29,250 $0 $29,250
Sandra Sterling Chairman 001.50
Director
$0 $0 $0
Lorraine Holmes Vice Chair 001.50
Director
$0 $0 $0
Opal Harper Director 001.50
Director
$0 $0 $0
Jason Auzenne Director 001.50
Director
$0 $0 $0
Alvin Spencer Director 001.50
Director
$0 $0 $0
Bertha Stewart Director 001.50
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
2024 $185,523 $188,427 $3,364,970 $-2,904
2023 $211,342 $197,138 $3,205,088 $14,204
2022 $246,418 $201,959 $3,400,414 $44,459
2021 $214,496 $168,653 $3,341,510 $45,843
2020 $204,641 $230,236 $2,830,305 $-25,595
2019 $226,766 $230,893 $2,930,407 $-4,127
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