PRIME CARE INC (EIN 222759566) - 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

1986

Legal Domicile

Principal Officer

Michael Walter

Phone

9734512005

Tax Period

2023-01-01 to 2023-12-31

PRIME CARE INC, founded in 1986, is a small nonprofit in the Health Care sector that reported $188K in total revenue in fiscal year 2023. Revenue fell 42% from the prior year — a significant decline worth monitoring.

Mission

Provide home health and other health care services to the surrounding communities.

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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 $187,397

Investment Income $623

Other Revenue $0

TOTAL REVENUE $188,020

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $0

TOTAL EXPENSES $0

Year-over-Year Comparison

	2023	2022	Change
Revenue	$188,020	$322,495	-0.4%
Expenses	N/A	N/A	N/A
Net Income	N/A	$322,495	N/A

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

$11,255,832

Total Directors

$11,255,832

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Kevin Lenahan	President & Treasurer	2.00	Officer Director	$0	$406,954	$7,161,469
Sheilah O'Halloran	Secretary	2.00	Officer Director	$0	$272,919	$1,889,266
Robert Peake	Director	2.00	Officer Director	$0	$128,827	$969,675
Robert Adams	Director	2.00	Officer Director	$0	$146,989	$1,235,422
David Ferguson	Exec Director, Finance Ops	2.00		$0	$34,080	$385,420

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	$188,020	No data	$2,630,458	No data
2022	$322,495	No data	$2,442,438	No data
2021	$22,984	No data	$2,119,943	No data
2020	$93,391	No data	$2,096,959	No data
2019	$114,933	No data	$2,003,568	No data
2018	$248,246	$10,000	$1,888,635	$238,246

PRIME CARE INC