PRIMECARE INC (EIN 061317806) - 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

1991

Legal Domicile

Principal Officer

MICHAEL KOVALESKI

Phone

2037574921

Tax Period

2023-07-01 to 2024-06-30

PRIMECARE INC, founded in 1991, is a mid-sized nonprofit in the Mental Health sector that reported $24.0M in total revenue in fiscal year 2023. Revenue grew 9% year-over-year, indicating healthy expansion. Expenses of $23.1M left a modest 4% surplus.

Mission

SERVICES TO HANDICAPPED AND DEVELOPMENTALLY DISABLED INDIVIDUALS.

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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 $21,944,730

Program Service Revenue $1,889,963

Investment Income $127,605

Other Revenue $0

TOTAL REVENUE $23,962,298

Expense Breakdown

Grants Paid $0

Salaries & Benefits $17,641,009

Fundraising Expenses $0

Program Expenses $21,211,300

Other Expenses $5,409,086

TOTAL EXPENSES $23,050,095

Year-over-Year Comparison

	2023	2022	Change
Revenue	$23,962,298	$21,955,289	+0.1%
Expenses	$23,050,095	$21,861,936	+0.1%
Net Income	$912,203	$93,353	+8.8%

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

128

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
MARK G WRABEL RPH FASCP	DIRECTOR	0.50	Director	$0	$0	$0
PAMELA BESSETTE	DIRECTOR	0.50	Director	$0	$0	$0
RYAN BURNS ESQ	DIRECTOR	0.50	Director	$0	$0	$0
ERIC FRAZER PSY D	DIRECTOR	0.50	Director	$0	$0	$0
CHRIS CONTI	DIRECTOR	0.50	Director	$0	$0	$0
RICHARD SMYLE	PRESIDENT	1.00	Officer Director	$0	$0	$0
TAMMY CAMPANELLI	VICE PRESIDE	0.50	Officer Director	$0	$0	$0
MARK P HOLNBECK	TREASURER	0.50	Officer Director	$0	$0	$0
KARLENE HYLTON APRN BC	SECRETARY	0.50	Officer Director	$0	$0	$0
MICHAEL KOVALESKI	EXECUTIVE DI	40.00	Officer	$0	$0	$0
KYLE SPRANO	DIRECTOR OF	40.00	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
2025	No data	No data	No data	No data
2024	$23,962,298	$23,050,095	$10,243,276	$912,203
2023	$21,955,289	$21,861,936	$7,748,885	$93,353
2022	$18,042,272	$18,251,322	$6,738,120	$-209,050
2021	$18,878,212	$18,300,804	$6,916,993	$577,408
2020	$18,200,663	$18,203,929	$9,287,296	$-3,266
2019	$16,353,200	$16,324,764	$6,217,907	$28,436
2018	$15,325,009	$15,424,461	$6,403,794	$-99,452

PRIMECARE INC