CLEAR-MED CORPORATION (EIN 251657668) - 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

1985

Legal Domicile

Principal Officer

Brian Kline

Phone

8147655341

Tax Period

2018-07-01 to 2019-06-30

CLEAR-MED CORPORATION, founded in 1985, is a small nonprofit that reported $358K in total revenue in fiscal year 2018. Revenue fell 39% from the prior year — a significant decline worth monitoring. Expenses of $1.1M exceeded revenue, resulting in a 207% operating deficit.

Mission

Physician hospitalist healthcare services are provided to patients regardless of race, creed, sex, national origin, handicap, age or ability to pay in Clearfield, PA and the surrounding communities. Under the Charity Care Program, healthcare services are provided at no charge to the patients.

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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 (2018)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $358,236

Investment Income $0

Other Revenue $0

TOTAL REVENUE $358,236

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $1,096,758

Other Expenses $1,100,579

TOTAL EXPENSES $1,100,579

Year-over-Year Comparison

	2018	2017	Change
Revenue	$358,236	$588,083	-0.4%
Expenses	$1,100,579	$890,606	+0.2%
Net Income	$-742,343	$-302,523	+1.5%

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

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

$1,371,999

Total Directors

$1,277,995

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Brian Wingard	Chairman	1	Director	$0	$0	$0
Dr Thomas Carnevale	Vice Chairman	1	Officer Director	$0	$24,500	$460,402
George Irvin	Secretary/Treasurer	1	Director	$0	$0	$0
Rhonda Halstead	President Began 6/2018	1	Officer Director	$0	$8,492	$181,150
David Lezzer	Board Member	1	Director	$0	$0	$0
Dr Robert Steward	Board Member	1	Director	$0	$24,000	$256,357
Dr Kevin Tyler	President-Medical Staff	1	Officer Director	$0	$24,500	$380,086
Kathleen Gillespie	Board Member	1	Director	$0	$0	$0
Brian Kline	Chief Financial Officer	1	Officer	$0	$24,500	$350,361

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
2019	$358,236	$1,100,579	$45,482	$-742,343
2018	$588,083	$890,606	$144,357	$-302,523

CLEAR-MED CORPORATION