TRUCARE TRANSFORMATION (EIN 273088837) - 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

2011

Legal Domicile

Principal Officer

PATRICK STARNES

Phone

6153301832

Tax Period

2024-01-01 to 2024-12-31

TRUCARE TRANSFORMATION, founded in 2011, is a community nonprofit in the Housing & Shelter sector that reported $1.3M in total revenue in fiscal year 2024. Revenue decreased 7% compared to the prior year. Expenses of $1.5M exceeded revenue, resulting in a 19% operating deficit.

Mission

TRUCARE SUPPORTED AND ASSISTED INDIVIDUALS BY SCHEDULING APPTS AND TRANSPORTS TO DOCTORS AND LINKING THEM WITH CLINICAL SERVICES, ETC

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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 $0

Program Service Revenue $1,262,478

Investment Income $0

Other Revenue $0

TOTAL REVENUE $1,262,478

Expense Breakdown

Grants Paid $0

Salaries & Benefits $169,443

Fundraising Expenses $0

Other Expenses $1,328,458

TOTAL EXPENSES $1,497,901

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,262,478	$1,353,180	-0.1%
Expenses	$1,497,901	$1,411,752	+0.1%
Net Income	$-235,423	$-58,572	+3.0%

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

$163,091

Total Directors

$163,091

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
PATRICK STARNES	DIRECTOR	80	Officer Director Highest	$163,091	$0	$163,091

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	$1,262,478	$1,497,901	$1,412,886	$-235,423
2023	$1,353,180	$1,411,752	$1,608,179	$-58,572
2022	$1,238,481	$1,141,035	$1,197,788	$97,446
2021	$734,664	$884,738	$1,130,091	$-150,074
2020	$700,134	$653,791	$483,856	$46,343
2019	$571,581	$517,087	$399,302	$54,494
2018	$492,518	$488,604	$252,139	$3,914

TRUCARE TRANSFORMATION