TEAM HEALTHCARE INCORPORATED (EIN 223548278) - 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

1997

Principal Officer

SANGYOL KIM

Phone

9732990964

Tax Period

2023-01-01 to 2023-12-31

TEAM HEALTHCARE INCORPORATED, founded in 1997, is a small nonprofit in the Health Care sector that reported $863K in total revenue in fiscal year 2023. Revenue fell 48% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $354K, a strong 41% operating margin.

Mission

SPREADING THE GOSPEL OF JESUS CHRIST IN UNDERPRIVILEGED AREAS OF THE WORLD THROUGH MEDICAL, DENTAL, EYE CARE, CONSTRUCTION, AND VBS MISSIONS.

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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 $819,397

Program Service Revenue $0

Investment Income $43,277

Other Revenue $0

TOTAL REVENUE $862,674

Expense Breakdown

Grants Paid $0

Salaries & Benefits $55,256

Fundraising Expenses $0

Program Expenses $487,433

Other Expenses $453,911

TOTAL EXPENSES $509,167

Year-over-Year Comparison

	2023	2022	Change
Revenue	$862,674	$1,645,716	-0.5%
Expenses	$509,167	$647,860	-0.2%
Net Income	$353,507	$997,856	-0.6%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
SHORN PURNELL	VICE PRESIDE	5.00	Officer Director	$0	$0	$0
PATRICIA BARONE	SECRETARY	5.00	Officer Director	$0	$0	$0
SUSAN FORSHAY	TREASURER	10.00	Officer Director	$0	$0	$0
SANGYOL KIM	ADMINISTRATO	10.00	Director	$0	$0	$0
DONALD BARONE	DIRECTOR	5.00	Director	$0	$0	$0
TIM FORSHAY	DIRECTOR	5.00	Director	$0	$0	$0
SOONJA KIM	DIRECTOR	5.00	Director	$0	$0	$0
ART KOLMODIN	DIRECTOR	5.00	Director	$0	$0	$0
VERA NACHTIGALL	DIRECTOR	5.00	Director	$0	$0	$0
SANDY PURNELL	DIRECTOR	5.00	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	$862,674	$509,167	$1,654,054	$353,507
2022	$1,645,716	$647,860	$1,300,547	$997,856
2021	$650,202	$704,024	$302,691	$-53,822
2020	$493,701	$338,775	$356,513	$154,926
2019	$418,385	$376,957	$376,178	$41,428
2018	$288,482	$258,643	$327,429	$29,839

TEAM HEALTHCARE INCORPORATED