SERENITY CARE HEALTH GROUP

EIN: 271882511 501(c)(3) Health Care

LOS ANGELES, CA

Total Revenue
$10,858,020
Total Expenses
$9,738,848
Total Assets
$8,428,804
Net Assets
$4,802,843
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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
2010
Legal Domicile
CA
Phone
5624784102
Tax Period
2024-01-01 to 2024-12-31

SERENITY CARE HEALTH GROUP, founded in 2010, is a mid-sized nonprofit in the Health Care sector that reported $10.9M in total revenue in fiscal year 2024. Revenue surged 40% from the prior year, signaling strong growth momentum. Expenses of $9.7M left a modest 10% surplus.

Mission

PROVIDE ASSISTED LIVING CARE TO PATIENTS AND RESIDENTS

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $10,858,020
Investment Income $0
Other Revenue $0
TOTAL REVENUE $10,858,020

Expense Breakdown

Grants Paid $1,100
Salaries & Benefits $2,414,102
Fundraising Expenses $0
Program Expenses $9,738,848
Other Expenses $7,323,646
TOTAL EXPENSES $9,738,848

Year-over-Year Comparison

2024 2023 Change
Revenue $10,858,020 $7,729,772 +0.4%
Expenses $9,738,848 $7,754,004 +0.3%
Net Income $1,119,172 $-24,232 -47.2%
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

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Governance

Voting Members
1
Independent Members
N/A
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
$0
Total Directors
0
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
BIOSEH OGBECHIE CEO 20.00
Officer
$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 $10,858,020 $9,738,848 $8,428,804 $1,119,172
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