YOURCARE HEALTH PLAN INC (EIN 161500379) - 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

1995

Legal Domicile

Principal Officer

MICHAEL MESSIER

Phone

5852445550

Tax Period

2023-01-01 to 2023-12-31

YOURCARE HEALTH PLAN INC, founded in 1995, is a community nonprofit in the Health Care sector that reported $2.8M in total revenue in fiscal year 2023. The organization ran a surplus of $1.3M, a strong 48% operating margin.

Mission

TO SERVE THE NEEDS OF THE UNDERSERVED AND UNINSURED IN WESTERN NEW YORK, BY PROVIDING AFFORDABLE INSURANCE OPTIONS, BY INCREASED ACCESS TO HEALTH CARE, BY IMPROVING THE QUALITY OF CARE THROUGH THE COOPERATIVE EFFORTS OF ITS PARTNERS.

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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 $0

Program Service Revenue $367,923

Investment Income $2,402,621

Other Revenue $100

TOTAL REVENUE $2,770,644

Expense Breakdown

Grants Paid $0

Salaries & Benefits $228,738

Fundraising Expenses $0

Other Expenses $1,222,632

TOTAL EXPENSES $1,451,370

Year-over-Year Comparison

	2023	2022	Change
Revenue	$2,770,644	$2,794,680	0.0%
Expenses	$1,451,370	$4,242,851	-0.7%
Net Income	$1,319,274	$-1,448,171	-1.9%

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

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

$1,488,292

Total Directors

$1,008,293

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
WILLIAM DOLAN MD	DIRECTOR	0.50	Director	$0	$0	$0
RIJAD KARABEGOVIC	TREASURER	0.50	Director	$0	$0	$0
ARTHUR PELLITTIERI MD	DIRECTOR	0.50	Director	$0	$0	$0
KEVIN PICKHARDT	CHAIRMAN	0.50	Director	$0	$0	$0
DENNIS GRAZIANO	VICE CHAIRMAN	4.00	Officer Director	$0	$49,266	$450,145
MICHAEL MESSIER	CFO/EVP	4.00	Officer Director	$0	$66,424	$558,148
KIM HESS	COO	4.00	Officer	$0	$59,196	$479,999
CHRISTOPHER LOMBARD	DIR OF FINANCE	40.00	Highest	$162,841	$17,979	$180,820

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	$2,770,644	$1,451,370	$64,406,810	$1,319,274
2022	$2,794,680	$4,242,851	$61,793,123	$-1,448,171
2021	$1,931,302	$3,474,351	$64,426,105	$-1,543,049
2020	$168,913,330	$151,287,239	$72,366,941	$17,626,091
2019	$281,187,378	$299,224,504	$70,769,583	$-18,037,126
2018	$287,315,767	$291,629,823	$77,203,507	$-4,314,056

YOURCARE HEALTH PLAN INC