ALDERSGATE HEALTHCARE INC

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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

2003

Legal Domicile

Principal Officer

REV RUBEN VELASCO

Phone

7034379720

Tax Period

2024-07-01 to 2025-06-30

ALDERSGATE HEALTHCARE INC, founded in 2003, is a micro nonprofit in the Health Care sector that reported $73K in total revenue in fiscal year 2024. Revenue surged 3488% from the prior year, signaling strong growth momentum. Expenses of $122K exceeded revenue, resulting in a 67% operating deficit.

Mission

THE ORGANIZATION'S GOAL IS TO ADVANCE AND PROMOTE THE INTEREST AND WELFARE OF ELDERLY PERSONS AND HANDICAPPED PERSONS.

Program Service Accomplishments

Program 1

Expenses: $71,749 Revenue: $73,162

THE ORGANIZATION PROMOTES THE INTEREST AND WELFARE OF ELDERLY PERSONS AND HANDICAPPED PERSONS.

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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 $0

Program Service Revenue $73,162

Investment Income $0

Other Revenue $0

TOTAL REVENUE $73,162

Expense Breakdown

Grants Paid $0

Salaries & Benefits $30,000

Fundraising Expenses $0

Program Expenses $71,749

Other Expenses $91,951

TOTAL EXPENSES $121,951

Year-over-Year Comparison

	2024	2023	Change
Revenue	$73,162	$2,039	+34.9%
Expenses	$121,951	$137,171	-0.1%
Net Income	$-48,789	$-135,132	-0.6%

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

$30,000

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
REV REUBEN VELASCO	CHAIR	3.00	Officer Director	$0	$0	$0
MICHELLE DUNAJ	DIRECTOR	3.00	Director	$30,000	$0	$30,000
GERTRUDE STEWART	DIRECTOR	1.00	Director	$0	$0	$0
JUDITH PIERRE-OKERSON	DIRECTOR	1.00	Director	$0	$0	$0
AUDREY WARREN	DIRECTOR	1.00	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
2025	$73,162	$121,951	$123,862	$-48,789
2024	$2,039	$137,171	$3,970,305	$-135,132
2023	$11,580,921	$11,477,934	$7,643,380	$102,987
2022	$15,374,243	$13,963,518	$8,847,225	$1,410,725
2021	$12,802,083	$12,465,865	$6,986,890	$336,218
2020	$12,724,131	$12,746,725	$8,909,038	$-22,594
2019	$12,866,541	$12,583,337	$7,254,192	$283,204
2018	$13,165,679	$12,700,138	$7,155,081	$465,541