CARELINK INC (EIN 061493839) - 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

1997

Legal Domicile

Principal Officer

MATTHEW TRIMBLE

Phone

4014907610

Tax Period

2024-01-01 to 2024-12-31

CARELINK INC, founded in 1997, is a community nonprofit in the Health Care sector that reported $8.1M in total revenue in fiscal year 2024. Expenses of $9.0M exceeded revenue, resulting in a 11% operating deficit.

Mission

CARELINK IS A LEADER IN SPECIALIZED HEALTHCARE WITHIN A COMPREHENSIVE CONTINUUM THAT IMPROVES THE LIVES OF OLDER ADULTS AND ADULTS WITH DISABILITIES BY PROVIDING RELEVANT, HIGH-QUALITY CARE THAT IS ACCESSIBLE THROUGHOUT RHODE ISLAND.

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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 $991,661

Program Service Revenue $7,101,424

Investment Income $4,255

Other Revenue $22,270

TOTAL REVENUE $8,119,610

Expense Breakdown

Grants Paid $0

Salaries & Benefits $7,821,975

Fundraising Expenses $0

Program Expenses $7,334,363

Other Expenses $1,171,326

TOTAL EXPENSES $8,993,301

Year-over-Year Comparison

	2024	2023	Change
Revenue	$8,119,610	$8,300,449	0.0%
Expenses	$8,993,301	$8,898,716	+0.0%
Net Income	$-873,691	$-598,267	+0.5%

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

215

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

$545,975

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MATTHEW TRIMBLE	CHAIR	1.00	Officer Director	$0	$0	$0
DIANA FRANCHITTO	VICE CHAIR	1.00	Officer Director	$0	$0	$0
JOSH SEGAL	TREASURER	1.00	Officer Director	$0	$0	$0
COLETTE SILVERMAN	SECRETARY	1.00	Officer Director	$0	$0	$0
HAIGOUHI CORRIVEAU	BOARD MEMBER	1.00	Director	$0	$0	$0
ROBERT LEACH	BOARD MEMBER	1.00	Director	$0	$0	$0
HON MAUREEN MAIGRET	BOARD MEMBER	1.00	Director	$0	$0	$0
KEVIN MCCAY	BOARD MEMBER	1.00	Director	$0	$0	$0
ROBERTA MERKLE ESQ	BOARD MEMBER	1.00	Director	$0	$0	$0
LAURA DOS SANTOS	BOARD MEMBER	1.00	Director	$0	$0	$0
AMY STRATTON	BOARD MEMBER	1.00	Director	$0	$0	$0
GARRETT SULLIVAN	BOARD MEMBER	1.00	Director	$0	$0	$0
CHRIS GADBOIS	CEO	40.00	Officer	$156,830	$14,989	$171,819
KWAME OWUSU	CHIEF OPERATING OFFICER	40.00	Officer	$132,923	$1,306	$134,229
ROBYN EARLEY	CHIEF GROWTH OFFICER	40.00	Officer	$130,456	$4,426	$134,882
SANDRA FOURNIER	CHIEF PROGRAM OFFICER	40.00	Officer	$101,888	$3,157	$105,045
ERIC FRANKLIN	DIRECTOR OF REHAB SERVICES	40.00	Highest	$112,505	$4,163	$116,668

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	$8,119,610	$8,993,301	$2,682,818	$-873,691
2023	$8,300,449	$8,898,716	$3,215,010	$-598,267
2022	$7,694,512	$7,257,736	$3,620,525	$436,776
2021	$8,233,978	$5,960,459	$4,580,231	$2,273,519
2020	$6,295,822	$6,792,506	$2,180,730	$-496,684
2019	$8,105,109	$7,967,462	$1,788,780	$137,647
2018	$8,104,736	$8,061,895	$1,806,734	$42,841

CARELINK INC