Matrix LifeCare Center Inc (EIN 310971746) - 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

1979

Legal Domicile

Principal Officer

Joanne Allard

Tax Period

2023-01-01 to 2023-12-31

Matrix LifeCare Center Inc, founded in 1979, is a community nonprofit that reported $1.1M in total revenue in fiscal year 2023. Revenue grew 8% year-over-year, indicating healthy expansion. Expenses of $1.2M exceeded revenue, resulting in a 16% operating deficit.

Mission

Bravely Womens Health offers Christ-centered care that honors the sactity of life. The vision is to inspire communities to embrace Gods purpose for every life.

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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 $854,225

Program Service Revenue $192,260

Investment Income $8,914

Other Revenue $11,102

TOTAL REVENUE $1,066,501

Expense Breakdown

Grants Paid $0

Salaries & Benefits $726,816

Fundraising Expenses $167,728

Program Expenses $813,521

Other Expenses $505,156

TOTAL EXPENSES $1,231,972

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,066,501	$986,019	+0.1%
Expenses	$1,231,972	$1,030,680	+0.2%
Net Income	$-165,471	$-44,661	+2.7%

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

Total Directors

Key Employees

$117,669

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Melissa McAtee	Chief Executive Officer	40.00	Highest	$104,000	$0	$104,000
Floyd Price	Chief Operating Officer	40.00	Key Emp	$67,669	$0	$67,669
Michelle McGhee	Director of Operations	40.00	Key Emp	$50,000	$0	$50,000
Eric Putman	Director	1.00	Director	$0	$0	$0
Erik Roe	Director	1.00	Director	$0	$0	$0
Angie Catron	Director	1.00	Director	$0	$0	$0
Joanne Allard	Secretary & Treasurer	2.00	Officer Director	$0	$0	$0
Nate Schultheiss	Vice President	2.00	Officer Director	$0	$0	$0
Johhny Kjaer	President	2.00	Officer Director	$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	No data	No data	No data	No data
2023	$1,066,501	$1,231,972	$1,299,142	$-165,471
2022	$986,019	$1,030,680	$1,326,931	$-44,661
2021	$942,753	$914,711	$1,491,762	$28,042
2020	$747,350	$573,972	$1,517,560	$173,378
2019	$826,577	$604,482	$1,379,382	$222,095
2018	$607,480	$665,721	$1,208,039	$-58,241

Matrix LifeCare Center Inc