PLATINUM CARE INC (EIN 204399129) - 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

2006

Legal Domicile

Principal Officer

KINGSLEY C AMADI

Phone

2489411140

Tax Period

2023-01-01 to 2023-12-31

PLATINUM CARE INC, founded in 2006, is a community nonprofit in the Human Services sector that reported $1.2M in total revenue in fiscal year 2023. Revenue grew 18% year-over-year, indicating healthy expansion. Expenses of $1.1M left a modest 13% surplus.

Mission

PROVIDER OF HOUSING AND SERVICES TO INDIGENT INDIVIDUALS

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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 $1,238,180

Investment Income $0

Other Revenue $0

TOTAL REVENUE $1,238,180

Expense Breakdown

Grants Paid $0

Salaries & Benefits $688,010

Fundraising Expenses $0

Program Expenses $1,065,530

Other Expenses $385,500

TOTAL EXPENSES $1,073,510

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,238,180	$1,049,315	+0.2%
Expenses	$1,073,510	$942,769	+0.1%
Net Income	$164,670	$106,546	+0.5%

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

$92,227

Total Directors

$77,996

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KINGSLEY AMADI	PRESIDENT	040.00	Officer Highest	$92,227	$0	$92,227
REGINA AMADI	MEMBER	040.00	Director	$77,996	$0	$77,996
LUKE MMAMEL	MENBER	002.00	Director	$0	$0	$0
ULI SOTUNDE	MEMBER	002.00	Director	$0	$0	$0
CHIBUZOR NJEZE	MEMBER	002.00	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
2024	No data	No data	No data	No data
2023	$1,238,180	$1,073,510	$566,154	$164,670
2022	$1,049,315	$942,769	$401,484	$106,546
2021	$950,513	$852,658	$294,938	$97,855
2020	$703,193	$698,213	$197,083	$4,980
2019	$609,768	$611,549	$203,609	$-1,781
2018	$715,609	$661,258	$205,390	$54,351

PLATINUM CARE INC