C A R E CLINIC

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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

2009

Legal Domicile

Principal Officer

JULIE MALYON

Phone

6513881022

Tax Period

2023-01-01 to 2023-12-31

C A R E CLINIC, founded in 2009, is a community nonprofit in the Health Care sector that reported $1.7M in total revenue in fiscal year 2023. Revenue decreased 7% compared to the prior year. Expenses of $1.5M left a modest 9% surplus.

Mission

TO CONTRIBUTE TO THE COMMUNITY BY IMPROVING HEALTH CARE ACCESS, CONNECTING PEOPLE TO RESOURCES AND PROMOTING HEALTH EDUCATION.

Program Service Accomplishments

Program 1

Expenses: $591,224

THE MEDICAL CLINIC SERVES LOW INCOME INDIVIDUALS WHO ARE UNINSURED AND LIVE IN GOODHUE COUNTY. WE HAVE HAD A STRONG SUPPORT FROM OUR COMMUNITY THROUGH FINANCIAL GIVING, GIFTS-IN-KIND AND INDIVIDUAL TIME OF VOLUNTEERS. WE HAVE ALMOST 200 VOLUNTEERS TRAINED AND READY TO SERVE. THE CLINIC IS OPEN TUESDAY EVENINGS AND IS STAFFED BY OVER 25 VOLUNTEERS EACH WEEK.

Program 2

Expenses: $504,104 Revenue: $326,641

THE DENTAL CLINIC OPENED ON MAY 26TH, 2011 AND IS SERVING PATIENTS FOUR DAYS PER WEEK. ON AVERAGE THE DENTAL CLINIC SEES 49 PATIENTS EACH WEEK, INCLUDING EXTRACTIONS, FILLINGS, CLEANINGS, AND X-RAY...

Program 3

Expenses: $85,305 Revenue: $32,109

THE MNSURE PROGRAM PROVIDES BI-LINGUAL INSURANCE ASSISTANCE TO OVER 3,000 INDIVIDUALS EACH YEAR BY TRAINED STAFF TO PROVIDE FREE APPLICATION, ENROLLMENT, AND FOLLOW-UP ASSISTANCE FOR INDIVIDUALS TO BE CONNECTED WITH AFFORDABLE HEALTH COVERAGE. OUR MNSURE STAFF ALSO HELPS CONNECT INDIVIDUALS WITH OTHER COMMUNITY RESOURCES ON AN AS NEEDED BASIS.

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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 $1,308,366

Program Service Revenue $358,750

Investment Income $12,806

Other Revenue $0

TOTAL REVENUE $1,679,922

Expense Breakdown

Grants Paid $0

Salaries & Benefits $622,790

Fundraising Expenses $17,502

Program Expenses $1,305,894

Other Expenses $901,028

TOTAL EXPENSES $1,523,818

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,679,922	$1,805,395	-0.1%
Expenses	$1,523,818	$1,711,497	-0.1%
Net Income	$156,104	$93,898	+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

100

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

$167,221

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JULIE MALYON	EXECUTIVE DI	40.00	Officer	$92,697	$1,853	$94,550
BREANNA LINDGREN	FINANCE MANA	40.00	Officer	$71,247	$1,424	$72,671
GARY IOCCO	CHAIR EFF.	2.00	Officer Director	$0	$0	$0
JAMES LARSON	V CHAIR EFF.	2.00	Officer Director	$0	$0	$0
JOHN DIMUNATION	TREASURER	2.00	Officer Director	$0	$0	$0
KELLY HASSEMER	SECRETARY	2.00	Officer Director	$0	$0	$0
ALEJANDRA GIRON	BOARD MEMBER	1.00	Director	$0	$0	$0
CHRISTOPHER GULDEN	BOARD MEMBER	1.00	Director	$0	$0	$0
GORDON HANSMEIER	BOARD MEMBER	1.00	Director	$0	$0	$0
DR DANN HEILMAN	BOARD MEMBER	1.00	Director	$0	$0	$0
KARINA HERRAN	BOARD MEMBER	1.00	Director	$0	$0	$0
TERRI JOHNSON	BOARD MEMBER	1.00	Director	$0	$0	$0
KRIS KLASSEN	BOARD MEMBER	1.00	Director	$0	$0	$0
CYNDI REESE	BOARD MEMBER	1.00	Director	$0	$0	$0
YANETH SANTIAGO	BOARD MEMBER	1.00	Director	$0	$0	$0
YANELIS JINETE	BOARD MEMBER	1.00	Director	$0	$0	$0
DR CARRIE KERN DO	BOARD MEMBER	1.00	Director	$0	$0	$0
DR GEORGE NOESEN DDS	BOARD MEMBER	1.00	Director	$0	$0	$0
LYNNE STAKER	BOARD MEMBER	1.00	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	$1,679,922	$1,523,818	$931,704	$156,104
2022	$1,805,395	$1,711,497	$735,574	$93,898
2021	$1,359,173	$1,276,407	$688,560	$82,766
2020	$950,383	$803,662	$593,699	$146,721
2019	$525,534	$481,143	$324,705	$44,391
2018	$342,797	$407,616	$277,352	$-64,819