GOLDENCARE INC (EIN 300002657) - 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

2001

Legal Domicile

Principal Officer

JOSEPH P GOLDSMITH

Tax Period

2023-01-01 to 2023-12-31

GOLDENCARE INC, founded in 2001, is a community nonprofit in the Health Care sector that reported $2.4M in total revenue in fiscal year 2023. Revenue surged 53% from the prior year, signaling strong growth momentum. The organization ran a surplus of $850K, a strong 36% operating margin.

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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 $578,488

Program Service Revenue $1,737,007

Investment Income $34,998

Other Revenue $0

TOTAL REVENUE $2,350,493

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,072,572

Fundraising Expenses $18,079

Program Expenses $1,412,291

Other Expenses $428,223

TOTAL EXPENSES $1,500,795

Year-over-Year Comparison

	2023	2022	Change
Revenue	$2,350,493	$1,537,476	+0.5%
Expenses	$1,500,795	$1,445,359	+0.0%
Net Income	$849,698	$92,117	+8.2%

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

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

$65,000

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JOSEPH P GOLDSMITH	PRESIDENT	40.00	Officer	$65,000	$0	$65,000
JOHN DEWESE	TRUSTEE	5.00	Director	$0	$0	$0
GOVAN T MYERS	SECRETARY	5.00	Officer	$0	$0	$0
THOMAS LEVER	TREASURER	5.00	Officer	$0	$0	$0
JAMES MASSEY	CHAIRMAN	5.00	Officer	$0	$0	$0
BENJAMIN DUNLAP	VICE CHAIRMAN	5.00	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
2023	$2,350,493	$1,500,795	$2,430,461	$849,698
2022	$1,537,476	$1,445,359	$1,540,412	$92,117
2021	$2,075,679	$1,446,975	$1,283,275	$628,704
2020	$1,471,786	$1,338,722	$915,386	$133,064
2019	$1,482,221	$1,296,491	$571,489	$185,730
2018	$1,247,963	$1,127,152	$389,496	$120,811

GOLDENCARE INC