FIRST CHOICE PRIMARY CARE INC (EIN 204391090) - 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

2005

Legal Domicile

Principal Officer

KATHERINE MCLEOD

Phone

4787874266

Tax Period

2024-05-01 to 2025-04-30

FIRST CHOICE PRIMARY CARE INC, founded in 2005, is a mid-sized nonprofit in the Health Care sector that reported $15.1M in total revenue in fiscal year 2024. Revenue grew 19% year-over-year, indicating healthy expansion.

Mission

THE ORGANIZATION PROVIDES HEALTH CARE TO INDIVIDUALS REGARDLESS OF THEIR ABILITY TO PAY. THIS IS A DIRECT FUFILLMENT OF THEIR TAX EXEMPT PURPOSE.

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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 $4,792,698

Program Service Revenue $9,654,052

Investment Income $12,771

Other Revenue $677,735

TOTAL REVENUE $15,137,256

Expense Breakdown

Grants Paid $0

Salaries & Benefits $8,372,999

Fundraising Expenses $0

Program Expenses $11,024,130

Other Expenses $6,698,516

TOTAL EXPENSES $15,071,515

Year-over-Year Comparison

	2024	2023	Change
Revenue	$15,137,256	$12,712,693	+0.2%
Expenses	$15,071,515	$13,556,022	+0.1%
Net Income	$65,741	$-843,329	-1.1%

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

143

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

$722,234

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
TIMOTHY GRAVES	MEDICAL DIRE	40.00	Officer	$188,644	$37,427	$226,071
WILLIAM BROOKS MD	PHYSICIAN	40.00	Highest	$213,592	$11,693	$225,285
SARAH MATOVU MD	PHYSICIAN	40.00	Highest	$213,602	$9,212	$222,814
TEDRA THOMAS MD	PHYSICIAN	40.00	Highest	$192,626	$17,110	$209,736
LINDA CASTEEL	PHYSICIAN	40.00	Highest	$186,541	$13,061	$199,602
ROBB FULTON DO	PHYSICIAN	40.00	Highest	$184,855	$11,694	$196,549
KATHERINE MCLEOD	CEO	40.00	Officer	$159,312	$18,813	$178,125
CLAUDETTE L SLADE	CFO	40.00	Officer	$146,392	$19,044	$165,436
FUNDI MANGENA	COO	40.00	Officer	$128,199	$24,403	$152,602
MACHEITA ADAMS	BOARD MEMBER	1.00	Director	$0	$0	$0
JONATHAN ALDERMAN	BOARD MEMBER	1.00	Director	$0	$0	$0
STEVE CORKERY	BOARD MEMBER	1.00	Director	$0	$0	$0
THOMAS DUVAL	BOARD MEMBER	1.00	Director	$0	$0	$0
BERNICE EBOH	BOARD MEMBER	1.00	Director	$0	$0	$0
LINDA HOLLAND	VICE PRESIDE	1.00	Director	$0	$0	$0
CAMILLE HOPE	BOARD MEMBER	1.00	Director	$0	$0	$0
ANTONIO LEWIS-ROSS	BOARD MEMBER	1.00	Director	$0	$0	$0
ROSALIND MCMILLAN	BOARD MEMBER	1.00	Director	$0	$0	$0
ELBERT MCQUEEN	TREASURER	1.00	Director	$0	$0	$0
DAVID PARISH	SECRETARY	1.00	Director	$0	$0	$0
MARVIN RIGGINS	PRESIDENT	1.00	Director	$0	$0	$0
MABLE WHEELER	BOARD MEMBER	1.00	Director	$0	$0	$0
SHAWN BOLTIN	CFO	N/A	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
2025	$15,137,256	$15,071,515	$10,410,679	$65,741
2024	$12,712,693	$13,556,022	$8,745,364	$-843,329
2023	$11,685,315	$12,005,721	$8,849,092	$-320,406
2022	$11,570,463	$10,624,401	$8,972,089	$946,062
2021	$11,019,367	$9,740,269	$7,702,389	$1,279,098
2020	$9,246,167	$8,075,115	$7,454,140	$1,171,052
2019	$7,345,459	$6,975,155	$4,409,372	$370,304

FIRST CHOICE PRIMARY CARE INC