CAREMESSAGE

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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

VINEET SINGAL

Phone

4156538990

Tax Period

2024-01-01 to 2024-12-31

CAREMESSAGE, founded in 2011, is a mid-sized nonprofit in the Education sector that reported $13.4M in total revenue in fiscal year 2024. Revenue surged 49% from the prior year, signaling strong growth momentum. Expenses of $12.0M left a modest 10% surplus.

Mission

DEDICATED TO IMPROVING HEALTH EQUITY AT SCALE BY BUILDING THE LARGEST PATIENT ENGAGEMENT PLATFORM FOR LOW-INCOME POPULATIONS IN THE UNITED STATES.

Program Service Accomplishments

Program 1

Expenses: $8,206,528 Revenue: $6,241,510

EMPOWERS HEALTHCARE ORGANIZATIONS WITH MOBILE TECHNOLOGIES TO IMPROVE HEALTH LITERACY AND SELF-HEALTH MANAGEMENT WHILE FOSTERING MORE EFFICIENT CARE DELIVERY. CREATES HIGHLY ENGAGING TEXT MESSAGING CAMPAIGNS TO IMPROVE HEALTH LITERACY AND DISEASE SELF-MANAGEMENT SKILLS FOR DIVERSE POPULATIONS. USES TECHNOLOGY TO ADDRESS CHALLENGES FOR SOCIETY'S MOST VULNERABLE POPULATIONS. OVER 86% OF LOW INCOME INDIVIDUALS IN THE US HAVE ACCESS TO BASIC CELL PHONES WITH MESSAGING CAPABILITIES, MAKING IT ONE OF THE GREAT SOCIAL EQUALIZERS OF OUR TIME. CAREMESSAGE'S TECHNOLOGY ENABLES HEALTHCARE AND SOCIAL SERVICES AGENCIES TO BETTER COMMUNICATE AND ENGAGE WITH THEIR BENEFICIARIES USING MOBILE TECHNOLOGY, IMPROVING HEALTH OUTCOMES AND DRAMATICALLY REDUCING COST OF CARE.CAREMESSAGE SELLS PATIENT ENGAGEMENT SOFTWARE TO FEDERALLY QUALIFIED HEALTH CENTERS, FREE & CHARITABLE CLINICS, AND OTHER ORGANIZATIONS THAT SERVE HISTORICALLY UNDERREPRESENTED MINORITY AND LOW-INCOME POPULATIONS.

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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 $7,084,596

Program Service Revenue $6,241,510

Investment Income $79,669

Other Revenue $4,370

TOTAL REVENUE $13,410,145

Expense Breakdown

Grants Paid $0

Salaries & Benefits $6,867,610

Fundraising Expenses $474,047

Program Expenses $8,206,528

Other Expenses $5,104,100

TOTAL EXPENSES $12,016,710

Year-over-Year Comparison

	2024	2023	Change
Revenue	$13,410,145	$9,018,772	+0.5%
Expenses	$12,016,710	$9,983,720	+0.2%
Net Income	$1,393,435	$-964,948	-2.4%

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

$561,098

Total Directors

$306,354

Key Employees

$1,668,002

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
VINEET SINGAL	CEO	40.00	Officer Director	$297,904	$8,450	$306,354
CHRISTOPHER KAUFMAN	CHAIRMAN	2.00	Officer Director	$0	$0	$0
ANDREW PRINCIPE	DIRECTOR	2.00	Director	$0	$0	$0
ANNE TRESTER	DIRECTOR	2.00	Director	$0	$0	$0
GEOFF PRICE	DIRECTOR	2.00	Director	$0	$0	$0
KEVIN BROMER	DIRECTOR	2.00	Director	$0	$0	$0
KRISTINA CAMPBELL	DIRECTOR	2.00	Director	$0	$0	$0
LASHONDA ANDERSON-WILLIAMS	DIRECTOR	2.00	Director	$0	$0	$0
MARY PITTMAN	DIRECTOR	2.00	Director	$0	$0	$0
MICHAEL WEAHKEE	DIRECTOR	2.00	Director	$0	$0	$0
SARAH DIBOISE	DIRECTOR	2.00	Director	$0	$0	$0
UCHE BLACKSTOCK	DIRECTOR	2.00	Director	$0	$0	$0
MITCHELL CHUBINSKY	SR DIR. OF FINANCE - FROM 6/24	40.00	Officer	$135,314	$3,673	$138,987
KAREN TANG	COO - UNTIL 8/2024	40.00	Officer	$110,779	$4,978	$115,757
CECILIA CORRAL	CHIEF STRATEGY OFFICER	40.00	Key Emp	$301,177	$14,027	$315,204
JEREMY WIGHT	VP OF ENGINEERING	40.00	Key Emp	$296,900	$16,991	$313,891
WILLIAM BOWENS	DIRECTOR OF SALES - UNTIL 12/2024	40.00	Key Emp	$236,593	$8,354	$244,947
SAVA BERHANE	CHIEF REVENUE OFFICER	40.00	Key Emp	$225,500	$8,426	$233,926
ORIT MOHAMED	DIRECTOR OF PRODUCT	40.00	Key Emp	$198,943	$6,460	$205,403
NORA MARSH	VP OF MARKETING - UNTIL 7/2024	40.00	Key Emp	$180,937	$10,560	$191,497
TRACY ANGELOCCI	CHIEF MEDICAL OFFICER - UNTIL 7/2024	40.00	Key Emp	$152,390	$10,744	$163,134
JOSE DELGADO	ENGINEERING MANAGER	40.00	Highest	$178,791	$22,400	$201,191
CHRISTOPHER SCHEPER	ENGINEERING MANAGER	40.00	Highest	$176,631	$18,622	$195,253
DARRYL BELCHER	SENIOR ACCOUNT EXECUTIVE	40.00	Highest	$171,358	$16,093	$187,451
TODD WOODLAN	PRODUCT MARKETING DIRECTOR	40.00	Highest	$162,524	$7,662	$170,186
TUNG DO	FINANCIAL CONTROLLER	40.00	Highest	$156,544	$5,125	$161,669

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	$13,410,145	$12,016,710	$7,274,817	$1,393,435
2023	$9,018,772	$9,983,720	$5,755,014	$-964,948
2022	$8,432,127	$8,380,515	$6,736,357	$51,612
2021	$10,594,129	$7,750,536	$6,898,629	$2,843,593
2020	$8,574,647	$8,332,870	$5,028,718	$241,777
2019	$6,202,650	$9,868,567	$2,748,382	$-3,665,917
2018	$6,321,665	$8,826,468	$5,893,529	$-2,504,803