POSITIVE HEALTH CARE INC (EIN 223153632) - 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

1992

Legal Domicile

Principal Officer

DR DAVID AJULUCHUKWU

Phone

9735969667

Tax Period

2023-01-01 to 2023-12-31

POSITIVE HEALTH CARE INC, founded in 1992, is a community nonprofit in the Health Care sector that reported $1.5M in total revenue in fiscal year 2023. Revenue surged 56% from the prior year, signaling strong growth momentum.

Mission

MISSION IS TO PROVIDE HOUSING, COUNSELING AND SUPPORT SERVICES TO HIV INFECTED CLIENTS AND THEIR FAMILIES WHEREIN PRUDENT DECISIONS ARE MADE FOR THEIR WELL BEING AND THEIR 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 $650,170

Program Service Revenue $855,685

Investment Income $0

Other Revenue $0

TOTAL REVENUE $1,505,855

Expense Breakdown

Grants Paid $0

Salaries & Benefits $443,397

Fundraising Expenses $0

Program Expenses $1,546,541

Other Expenses $1,103,144

TOTAL EXPENSES $1,546,541

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,505,855	$963,365	+0.6%
Expenses	$1,546,541	$1,112,492	+0.4%
Net Income	$-40,686	$-149,127	-0.7%

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

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
DR DAVID AJULUCHUKWU	CEO	050.00	Officer Director Key Emp Highest	$0	$0	$0
DR MODESTINE ROGERS	CHAIRPERSON	002.00	Director	$0	$0	$0
REV ERIC BECKHAMLSW	VICE CHAIRPERSON	002.00	Director	$0	$0	$0
DR LYN OBI	SECRETARY	002.00	Director	$0	$0	$0
KENNETH HALL ESQ	MEMBER	002.00	Director	$0	$0	$0
ANITA VAUGHN ND	MEMBER	002.00	Director	$0	$0	$0
ALBAYYINAH SLOANE	FINANCIAL OFFICER	040.00	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	$1,505,855	$1,546,541	$2,562,824	$-40,686
2022	$963,365	$1,112,492	$2,635,118	$-149,127
2021	$958,606	$1,083,946	$2,809,151	$-125,340
2020	$676,869	$987,319	$2,779,571	$-310,450
2019	$1,093,257	$1,652,647	$2,670,736	$-559,390
2018	$879,223	$1,362,416	$2,811,030	$-483,193

POSITIVE HEALTH CARE INC