Drew Health 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

1967

Legal Domicile

Principal Officer

Alvin Spencer

Tax Period

2024-04-01 to 2025-03-31

Drew Health Foundation, founded in 1967, is a small nonprofit in the Health Care sector that reported $203K in total revenue in fiscal year 2024. Revenue grew 10% year-over-year, indicating healthy expansion. Expenses of $183K left a modest 10% surplus.

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.

Program Service Accomplishments

Program 1

Expenses: $26,312

CONTINUED THE DEVELOPMENT OF THE BEST USE OF RESOURCES AS A COMMUNITY REFERRAL RESOURCE.

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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 $0

Program Service Revenue $13,596

Investment Income $93,352

Other Revenue $96,361

TOTAL REVENUE $203,309

Expense Breakdown

Grants Paid $16,351

Salaries & Benefits $34,259

Fundraising Expenses $0

Program Expenses $26,312

Other Expenses $132,076

TOTAL EXPENSES $182,686

Year-over-Year Comparison

	2024	2023	Change
Revenue	$203,309	$185,523	+0.1%
Expenses	$182,686	$188,427	0.0%
Net Income	$20,623	$-2,904	-8.1%

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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Opal Harper	Chairman	001.50	Director	$0	$0	$0
Sandra Sterling	Secretary	001.50	Director	$0	$0	$0
Art Lim	Director	001.50	Director	$0	$0	$0
Jason Auzenne	Director	001.50	Director	$0	$0	$0
Alvin Spencer	Treasurer	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
2026	No data	No data	No data	No data
2025	$203,309	$182,686	$3,388,607	$20,623
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