THE CENTER FOR ASBESTOS RELATED DISEASE INC (EIN 270037896) - 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

2003

Legal Domicile

Principal Officer

TRACY MCNEW

Phone

4062939274

Tax Period

2024-01-01 to 2024-12-31

THE CENTER FOR ASBESTOS RELATED DISEASE INC, founded in 2003, is a community nonprofit in the Health Care sector that reported $3.0M in total revenue in fiscal year 2024. Revenue decreased 14% compared to the prior year. Expenses of $4.9M exceeded revenue, resulting in a 64% operating deficit.

Mission

PROVIDING ADVOCACY, CARE, RESOURCES AND HOPE TO THE COMMUNITY, AND ALL THOSE ACROSS THE NATION, IMPACTED BY LIBBY AMPHIBOLE ASBESTOS AND ASBESTOS-RELATED DISEASES.

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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 $2,788,279

Program Service Revenue $181,127

Investment Income $0

Other Revenue $3,167

TOTAL REVENUE $2,972,573

Expense Breakdown

Grants Paid $0

Salaries & Benefits $979,774

Fundraising Expenses $0

Program Expenses $2,676,656

Other Expenses $3,906,096

TOTAL EXPENSES $4,885,870

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,972,573	$3,468,581	-0.1%
Expenses	$4,885,870	$9,320,039	-0.5%
Net Income	$-1,913,297	$-5,851,458	-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

Employees

Volunteers

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

$99,118

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
LEROY THOM	VICE PRESIDE	0.39	Officer Director	$0	$0	$0
GENE RECKIN	MEMBER	0.39	Director	$0	$0	$0
MIKE NOBLE	MEMBER	0.39	Director	$0	$0	$0
KYLIE BLAND	MEMBER	0.39	Director	$0	$0	$0
BRAD BLACK	MEMBER	0.39	Director	$0	$0	$0
TRACY MCNEW	EXECUTIVE DI	40.00	Officer	$99,118	$0	$99,118

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	$2,972,573	$4,885,870	$3,434,771	$-1,913,297
2023	$3,468,581	$9,320,039	$3,305,873	$-5,851,458
2022	$4,057,212	$3,525,543	$3,390,261	$531,669
2021	$3,220,728	$3,107,606	$2,894,184	$113,122
2020	$3,046,183	$2,788,486	$2,813,831	$257,697
2019	$3,231,391	$3,065,427	$2,666,626	$165,964
2018	$3,265,418	$3,227,510	$2,351,609	$37,908

THE CENTER FOR ASBESTOS RELATED DISEASE INC