TRUCARE TRANSFORMATION

EIN: 273088837 501(c)(3) Housing & Shelter

NASHVILLE, TN

Total Revenue
$1,262,478
Total Expenses
$1,497,901
Total Assets
$1,412,886
Net Assets
$1,045,023
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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
TN
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

TO HELP PEOPLE WITH MENTAL HEALTH DISABILITIES HELPING FIND NEEDED SERVICES. TRUCARE HAS A CONTRACT WITH MENTAL HEALTH COOPERATIVE TRUCARE ADDED A NEW BUILDING SO WE COULD SERVE EVEN MORE RESIDENTS

Program Service Accomplishments

Program 1

TO HELP PEOPLE WITH MENTAL DISABILITIES OR SUBSTANCE ABUSE ISSUES FIND NEEDED SERVICES. TRUCARE HAS CONTRACTS WITH THE STATE OF TENNESSEE AND MENTAL HEALTH COOPERATIVE. WE HAVE INCREASED THE NUMBER...

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TO HELP PEOPLE WITH MENTAL DISABILITIES OR SUBSTANCE ABUSE ISSUES FIND NEEDED SERVICES. TRUCARE HAS CONTRACTS WITH THE STATE OF TENNESSEE AND MENTAL HEALTH COOPERATIVE. WE HAVE INCREASED THE NUMBER OF PEOPLE WE SERVED THIS YEAR.

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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 $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

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Governance

Voting Members
5
Independent Members
5
Employees
1
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
$163,091
Total Directors
1
$163,091
Key Employees
0
$0
Highest Compensated
1
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
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