INCARNATION CHILDREN'S CENTER

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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

1999

Legal Domicile

Principal Officer

ANNMARIE COVONE

Phone

2129282590

Tax Period

2023-01-01 to 2023-12-31

INCARNATION CHILDREN'S CENTER, founded in 1999, is a micro nonprofit that reported $8K in total revenue in fiscal year 2023. Revenue fell 67% from the prior year — a significant decline worth monitoring. Expenses of $7K left a modest 9% surplus.

Mission

INCARNATION CHILDREN'S CENTER (ICC) PROVIDED SPECIALIZED MEDICAL, NURSING AND A WIDE RANGE OF THERAPEUTIC SERVICES FOR INFANTS, CHILDREN AND ADOLESCENTS WITH HIV/AIDS. ICC'S UNIQUE COMBINATION OF EXPERTISE PROVIDES THE CHILD AND HIS/HER FAMILY WITH AN INTERDISCIPLINARY TEAM DESIGNED TO MEET THE CHALLENGES OF PEDIATRIC HIV/AIDS AND TO MINIMIZE ITS EFFECTS FOR THESE INFANTS, CHILDREN AND ADOLESCENTS IN ALL MATTERS PERTAINING TO THEIR HEALTH CARE.

Program Service Accomplishments

Program 1

Expenses: $2,959 Revenue: $0

INCARNATION CHILDREN'S CENTER (ICC) WAS NEW YORK CITY'S ONLY SKILLED NURSING FACILITY THAT EXCLUSIVELY PROVIDED SPECIALIZED RESIDENTIAL CARE EXCLUSIVELY TO CHILDREN LIVING WITH HIV/AIDS.ICC WAS...

INCARNATION CHILDREN'S CENTER (ICC) WAS NEW YORK CITY'S ONLY SKILLED NURSING FACILITY THAT EXCLUSIVELY PROVIDED SPECIALIZED RESIDENTIAL CARE EXCLUSIVELY TO CHILDREN LIVING WITH HIV/AIDS.ICC WAS LICENSED BY THE NEW YORK STATE DEPARTMENT OF HEALTH WITH A CERTIFIED CAPACITY OF 21 BEDS. ICC CEASED OPERATIONS OF ITS RESIDENTIAL FACILITY IN MARCH 2021.

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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 $812

Program Service Revenue $0

Investment Income $759

Other Revenue $6,129

TOTAL REVENUE $7,700

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $2,959

Other Expenses $6,995

TOTAL EXPENSES $6,995

Year-over-Year Comparison

	2023	2022	Change
Revenue	$7,700	$23,233	-0.7%
Expenses	$6,995	$495,456	-1.0%
Net Income	$705	$-472,223	-1.0%

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

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JAMES D CAMERON	PRESIDENT	1.00	Officer Director	$0	$0	$0
REV MSGR KEVIN SULLIVAN	CHAIR/TREASURER	1.00	Officer Director	$0	$0	$0
BEATRIZ DIAZ TAVERAS	SECRETARY	1.00	Officer Director	$0	$0	$0
LOUIS S ANGIOLETTI MD	MEMBER	1.00	Director	$0	$0	$0
EMMET CONLON	MEMBER	1.00	Director	$0	$0	$0
JACQUELINE DAUHAJRE MD	MEMBER	1.00	Director	$0	$0	$0
BISHOP GERALD T WALSH	MEMBER	1.00	Director	$0	$0	$0
ANNE TOMMASO	MEMBER	1.00	Director	$0	$0	$0
SCOTT P LA RUE	PRESIDENT/CEO	0.10	Officer	$0	$0	$0
ANNMARIE COVONE	EXECUTIVE VP/CFO	0.10	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	$7,700	$6,995	$1,440,334	$705
2022	$23,233	$495,456	$1,397,059	$-472,223
2021	$1,550,782	$2,370,999	$1,897,922	$-820,217
2020	$6,756,776	$7,329,764	$4,749,152	$-572,988
2019	$7,469,415	$7,416,500	$5,069,023	$52,915
2018	$7,350,897	$7,134,604	$5,257,420	$216,293