CARE FREE MEDICAL INC (EIN 141909938) - 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

2004

Legal Domicile

Principal Officer

FARHAN BHATTI

Phone

5178875922

Tax Period

2023-01-01 to 2023-12-31

CARE FREE MEDICAL INC, founded in 2004, is a community nonprofit in the Health Care sector that reported $2.2M in total revenue in fiscal year 2023.

Mission

PROVIDE HEALTH SERVICES TO UNINSURED & UNDERSERVED INDIVIDUALS IN THE GREATER LANSING, MI AREA.

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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 $458,042

Program Service Revenue $1,706,392

Investment Income $165

Other Revenue $18,304

TOTAL REVENUE $2,182,903

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,324,845

Fundraising Expenses $0

Program Expenses $1,697,788

Other Expenses $854,384

TOTAL EXPENSES $2,179,229

Year-over-Year Comparison

	2023	2022	Change
Revenue	$2,182,903	$2,202,206	0.0%
Expenses	$2,179,229	$2,097,519	+0.0%
Net Income	$3,674	$104,687	-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

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

$185,262

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
FARHAN BHATTI	EXECUTIVE DIRECTOR	40.00	Officer	$183,080	$2,182	$185,262
MICHELLE LOUBERT	DOCTOR	40.00	Highest	$201,606	$5,047	$206,653
AMANDA ESTRADA-SEARLS	NURSE PRACTITIONER	40.00	Highest	$113,911	$200	$114,111
PAUL KENNEDY	MEMBER	0.25	Director	$0	$0	$0
JAIME DIBEAN	MEMBER	0.25	Director	$0	$0	$0
LINDSEY WELDON	MEMBER	0.25	Director	$0	$0	$0
ANATOL TOLCHINSKY	MEMBER	0.25	Director	$0	$0	$0
TIMOTHY WILSON	MEMBER	0.25	Director	$0	$0	$0
RONNIE THORTON	MEMBER	0.25	Director	$0	$0	$0
DR ABDALMAJID KATRANJI MD	MEMBER (ENDED 10/23)	0.25	Director	$0	$0	$0
NICK OLDS	MEMBER	0.25	Director	$0	$0	$0
MARIA ENRIQUEZ	MEMBER	0.25	Director	$0	$0	$0
STARLETHIA OWENS	MEMBER	0.25	Director	$0	$0	$0
JEAN YOUNG	TREASURER	1.00	Officer Director	$0	$0	$0
AMBER MOE OLDS	SECRETARY	1.50	Officer Director	$0	$0	$0
LINDA S VAIL	CHAIR	1.50	Officer Director	$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	$2,182,903	$2,179,229	$601,044	$3,674
2022	$2,202,206	$2,097,519	$508,669	$104,687
2021	$1,719,049	$1,767,151	$730,059	$-48,102
2020	$1,726,689	$1,738,882	$564,064	$-12,193
2019	$1,280,411	$1,718,423	$486,522	$-438,012
2018	$1,654,856	$1,457,211	$950,375	$197,645

CARE FREE MEDICAL INC