Healthcare Charities Inc (EIN 943231546) - Form 990 Financial Analysis & Trantor Score

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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

1995

Legal Domicile

Principal Officer

RAJ P THAKRAL

Phone

6306671040

Tax Period

2024-04-01 to 2025-03-31

Healthcare Charities Inc, founded in 1995, is a community nonprofit in the International Affairs sector that reported $1.2M in total revenue in fiscal year 2024. Revenue surged 70% from the prior year, signaling strong growth momentum. Expenses of $2.1M exceeded revenue, resulting in a 72% operating deficit.

Mission

The mission of Healthcare Charities, Inc. is to support the development of heathcare delivery systems and provide community service programs worldwide, including environmental and educational programs.

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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 $1,237,796

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $1,237,796

Expense Breakdown

Grants Paid $925,500

Salaries & Benefits $207,487

Fundraising Expenses $0

Program Expenses $1,924,945

Other Expenses $991,031

TOTAL EXPENSES $2,124,018

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,237,796	$729,491	+0.7%
Expenses	$2,124,018	$707,276	+2.0%
Net Income	$-886,222	$22,215	-40.9%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Karen Moawad	President and Chief Executive Officer	002.00	Officer Director	$0	$0	$0
Raj Thakral	Chief Financial	040.00	Officer Director	$0	$0	$0
Cathryn Schmidt	Secretary	002.00	Officer Director	$0	$0	$0
Felicia McIndoe	Board Member	001.00	Director	$0	$0	$0
Deepak Nambiar	Board Member	001.00	Director	$0	$0	$0
Kristina Poole	Board Member	001.00	Director	$0	$0	$0
John Wise	Board Member	001.00	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
2025	$1,237,796	$2,124,018	$1,895,324	$-886,222
2024	$729,491	$707,276	$2,388,660	$22,215
2023	$1,820,887	$1,476,248	$3,100,276	$344,639
2023	$1,759,272	$1,415,738	$2,638,772	$343,534
2022	$902,846	$6,504,387	$6,018,675	$-5,601,541
2021	$826,968	$642,449	$8,187,126	$184,519

Healthcare Charities Inc