Quantum Healthcare Associates (EIN 208951125) - 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

Principal Officer

Connie Castle

Phone

6064360755

Tax Period

2024-01-01 to 2024-12-31

Quantum Healthcare Associates is a community nonprofit in the Health Care sector that reported $1.4M in total revenue in fiscal year 2024. Revenue fell 73% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $555K, a strong 41% operating margin.

Mission

The Non Profit seeks to improve the health of the underserved communities and vulnerable population by assuring access to quality primary health services

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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 $1,356,998

Investment Income $0

Other Revenue $0

TOTAL REVENUE $1,356,998

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $801,663

Other Expenses $801,663

TOTAL EXPENSES $801,663

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,356,998	$4,964,287	-0.7%
Expenses	$801,663	$5,516,761	-0.9%
Net Income	$555,335	$-552,474	-2.0%

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

N/A

Employees

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Connie Castle	CEO	15	Officer	$0	$0	$0
Shannon Smith	COO	1	Officer	$0	$0	$0
Earnest Shephe	CIO	1	Officer	$0	$0	$0
Raichel Foster	HCRO	1	Officer	$0	$0	$0
Kevin Jacobs	CFO	1	Officer	$0	$0	$0
Anthony Yonts	CMO	1	Officer	$0	$0	$0
James Potter	Board Member	1		$0	$0	$0
Russle Dishner	Board MBR	1		$0	$0	$0
Jeff Johnson	Board MBR	1		$0	$0	$0
Earnest Shephe	Board Member	1		$0	$0	$0
Brandon Thomas	Board MBR	1		$0	$0	$0
Johnny F Admam	Board MBR	1		$0	$0	$0
Jasper Adams	Board MBR	1		$0	$0	$0
Chris Lewis	Board Member	1		$0	$0	$0
Cheryl Lusk	Board MBR	1		$0	$0	$0
Misty Lewis	Board MBR	1		$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	No data	No data	No data	No data
2024	$1,356,998	$801,663	$632,703	$555,335
2023	$4,964,287	$5,516,761	$91,419	$-552,474
2022	$5,810,355	$5,192,502	$814,806	$617,853

Quantum Healthcare Associates