SUMMITWEST CARE INC (EIN 020565600) - 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

2002

Legal Domicile

Principal Officer

CHARLEEN RAAUM

Tax Period

2023-01-01 to 2023-12-31

SUMMITWEST CARE INC, founded in 2002, is a community nonprofit in the Health Care sector that reported $7.4M in total revenue in fiscal year 2023. Revenue grew 13% year-over-year, indicating healthy expansion.

Mission

TO BE AN INTEGRAL HOME CARE LINK IN THE CONTINUUM OF HEALTH SERVICES PROVIDED IN A HIGH QUALITY, SERVICE ORIENTED, AND COST EFFECTIVE MANNER.

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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 (2023)

Revenue Breakdown

Contributions & Grants $39,218

Program Service Revenue $7,260,075

Investment Income $108,668

Other Revenue $0

TOTAL REVENUE $7,407,961

Expense Breakdown

Grants Paid $0

Salaries & Benefits $6,690,586

Fundraising Expenses $0

Program Expenses $5,611,595

Other Expenses $781,582

TOTAL EXPENSES $7,472,168

Year-over-Year Comparison

	2023	2022	Change
Revenue	$7,407,961	$6,532,206	+0.1%
Expenses	$7,472,168	$6,610,575	+0.1%
Net Income	$-64,207	$-78,369	-0.2%

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

Governance

Voting Members

Independent Members

Employees

270

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

$627,029

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CHARLEEN RAAUM	CEO	40.00	Officer Highest	$215,850	$49,274	$265,124
LANI PLUTA	CHIEF FINANCIAL OFFICER	40.00	Officer	$175,565	$54,724	$230,289
SHELLEY THIEL	CHIEF OPERATING OFFICER	40.00	Officer	$121,616	$10,000	$131,616
TEEMA WILLIAMS	HIGHLY COMPENSATED	40.00	Highest	$122,787	$0	$122,787
JUDI DEVORE	DIRECTOR	0.50	Director	$0	$0	$0
LUCY GRAHAM	DIRECTOR	0.50	Director	$0	$0	$0
CRYSTAL OWENS	MEDICAL DIRECTOR	0.50	Director	$0	$0	$0
TARA BUNNELL	TREASURER	0.50	Officer	$0	$0	$0
MIKE LUEDTKE	PRESIDENT	0.50	Officer	$0	$0	$0
ROBIN CONWAY	VICE PRESIDENT	0.50	Officer	$0	$0	$0
DALE REECE	SECRETARY	0.50	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	$7,407,961	$7,472,168	$4,961,541	$-64,207
2023	$7,407,961	$7,472,168	$4,961,541	$-64,207
2022	$6,532,206	$6,610,575	$4,643,675	$-78,369
2021	$7,205,627	$6,949,303	$4,454,530	$256,324
2021	$7,205,627	$6,949,303	$4,454,530	$256,324
2020	$8,686,321	$7,227,537	$4,254,488	$1,458,784
2019	$7,344,629	$7,446,575	$2,782,935	$-101,946

SUMMITWEST CARE INC