CHARTER OAK HEALTH CENTER INC (EIN 060986747) - 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

1978

Legal Domicile

Principal Officer

VERNETTE M TOWNSEND

Phone

8605507500

Tax Period

2024-07-01 to 2025-06-30

CHARTER OAK HEALTH CENTER INC, founded in 1978, is a mid-sized nonprofit in the Health Care sector that reported $22.6M in total revenue in fiscal year 2024. Revenue decreased 6% compared to the prior year. Expenses of $26.6M exceeded revenue, resulting in a 18% operating deficit.

Mission

TO PROMOTE HEALTHIER COMMUNITIES BY PROVIDING QUALITY, SAFE, PATIENT-CENTERED HEALTH CARE SERVICES IN MEDICALLY UNDERSERVED AREAS, REGARDLESS OF ABILITY TO PAY.

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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 $7,962,169

Program Service Revenue $14,306,928

Investment Income $240,173

Other Revenue $62,971

TOTAL REVENUE $22,572,241

Expense Breakdown

Grants Paid $0

Salaries & Benefits $17,743,379

Fundraising Expenses $0

Program Expenses $21,063,802

Other Expenses $8,879,586

TOTAL EXPENSES $26,622,965

Year-over-Year Comparison

	2024	2023	Change
Revenue	$22,572,241	$24,002,604	-0.1%
Expenses	$26,622,965	$24,663,494	+0.1%
Net Income	$-4,050,724	$-660,890	+5.1%

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

252

Volunteers

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

$347,739

Total Directors

Key Employees

$712,889

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ANITA VARUNES	OUTGOING VICE CHAIRPERSON	3.00	Officer Director	$0	$0	$0
BRIAN LYNCH	TREASURER	3.00	Officer Director	$0	$0	$0
BRITA CHAMBERS	DIRECTOR	3.00	Director	$0	$0	$0
DAVID KENNA	VICE CHAIRPERSON	3.00	Officer Director	$0	$0	$0
DIANE MENDEZ	SECRETARY	3.00	Officer Director	$0	$0	$0
DR RAMON VEGA DE JESUS	DIRECTOR	3.00	Director	$0	$0	$0
DR RAYE MUTCHERSON	DIRECTOR	3.00	Director	$0	$0	$0
ELISA VALENZUELA CAPELLAN	DIRECTOR	3.00	Director	$0	$0	$0
JOY-LYNN HARDY	DIRECTOR	3.00	Director	$0	$0	$0
LAURA SHERIDAN	DIRECTOR	3.00	Director	$0	$0	$0
LOLITA YOUNG	OUTGOING DIRECTOR	3.00	Director	$0	$0	$0
NADINE NIEVES	DIRECTOR	3.00	Director	$0	$0	$0
NICOLE GOMEZ	DIRECTOR	3.00	Director	$0	$0	$0
VERONICA BARCELONA PHD	CHAIRPERSON	3.00	Officer Director	$0	$0	$0
YOLANDA POTTER	DIRECTOR	3.00	Director	$0	$0	$0
DAVID CONLEY	CONTROLLER	40.00	Officer	$125,939	$11,100	$137,039
VERNETTE TOWNSEND	PRESIDENT & CEO	40.00	Officer	$186,600	$24,100	$210,700
WENDY PALACIOS	OUTGOING TREASURER	3.00	Officer	$0	$0	$0
KIM EVANS	GENERAL COUNSEL	40.00	Key Emp	$197,012	$14,250	$211,262
LUIS DIEZ-MORALES	CHIEF MEDICAL OFFICER	40.00	Key Emp	$255,451	$0	$255,451
TIMOTHY POWERS	CHIEF OF COMPLIANCE	40.00	Key Emp	$218,497	$27,679	$246,176
AMINA A AHMED	OB/GYN	24.00	Highest	$230,020	$0	$230,020
MARK DADDIO	PHYSICIAN	32.00	Highest	$186,191	$0	$186,191
RICARDO RUIZ	PHYSICIAN	40.00	Highest	$259,499	$0	$259,499
THEDDEUS IHEANACHO	PSYCHIATRIST	40.00	Highest	$287,404	$30,500	$317,904
WILLIAM GILLESPIE	PHYSICIAN	40.00	Highest	$173,376	$0	$173,376

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	$22,572,241	$26,622,965	$23,979,245	$-4,050,724
2024	$24,002,604	$24,663,494	$27,863,459	$-660,890
2023	$22,265,059	$22,237,732	$28,304,287	$27,327
2022	$22,445,095	$21,923,878	$28,914,563	$521,217
2021	$26,637,148	$22,113,979	$28,788,098	$4,523,169
2020	$22,745,686	$21,623,528	$26,296,928	$1,122,158
2019	$24,860,413	$21,659,104	$22,986,392	$3,201,309
2018	$21,487,670	$19,935,016	$22,125,925	$1,552,654

CHARTER OAK HEALTH CENTER INC