CareFirst Community Health Services

EIN: 020606865 501(c)(3) Education

Detroit, MI

Total Revenue
$211,704
Total Expenses
$421,249
Total Assets
$220,251
Net Assets
$-410,770
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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
MI
Principal Officer
Bunmi Olaleye
Phone
3138465020
Tax Period
2021-10-01 to 2022-09-30

CareFirst Community Health Services, founded in 2002, is a small nonprofit in the Education sector that reported $212K in total revenue in fiscal year 2021. Revenue decreased 14% compared to the prior year. Expenses of $421K exceeded revenue, resulting in a 99% operating deficit.

Mission

To provide quality comprehensive behavioral healthcare services to culturally diverse individuals and families in Detroit and surrounding areas.

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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 (2021)

Revenue Breakdown

Contributions & Grants $211,704
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $211,704

Expense Breakdown

Grants Paid $0
Salaries & Benefits $241,360
Fundraising Expenses $0
Program Expenses $347,302
Other Expenses $179,889
TOTAL EXPENSES $421,249

Year-over-Year Comparison

2021 2020 Change
Revenue $211,704 $244,958 -0.1%
Expenses $421,249 $427,578 0.0%
Net Income $-209,545 $-182,620 +0.1%
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

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Governance

Voting Members
5
Independent Members
5
Employees
5
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
$78,928
Total Directors
0
$0
Key Employees
1
$78,928
Highest Compensated
1
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
OLUWABUNMI OLALEYE CHIEF EXECUTIVE OFFICER 45.00
Officer Key Emp Highest
$78,928 $0 $78,928
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
2022 $211,704 $421,249 $220,251 $-209,545
2021 $244,958 $427,578 $359,354 $-182,620
2020 $494,721 $417,628 $223,206 $77,093
2019 $389,260 $440,686 $1,862 $-51,426
2018 $508,428 $590,174 $63,165 $-81,746
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