ALTERNACARE (EIN 311487187) - 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

1996

Legal Domicile

Principal Officer

MATTHEW PERRY

Phone

7404545000

Tax Period

2024-01-01 to 2024-12-31

ALTERNACARE, founded in 1996, is a small nonprofit in the Health Care sector that reported $485K in total revenue in fiscal year 2024. Revenue grew 14% year-over-year, indicating healthy expansion. Expenses of $463K left a modest 4% surplus.

Mission

ALTERNACARE OPERATES IN A MANNER CONSISTENT WITH THE REQUIREMENTS OF REV. RUL. 69-545, THROUGH ITS PROVISION OF HEALTH CARE SERVICES TO THE COMMUNITY, REGARDLESS OF ABILITY TO PAY.

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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 $484,906

Investment Income $0

Other Revenue $0

TOTAL REVENUE $484,906

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $463,174

Other Expenses $463,174

TOTAL EXPENSES $463,174

Year-over-Year Comparison

	2024	2023	Change
Revenue	$484,906	$424,262	+0.1%
Expenses	$463,174	$362,156	+0.3%
Net Income	$21,732	$62,106	-0.7%

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

N/A

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

$900

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
SHON BENDER	VICE CHAIR	0.03	Officer Director	$0	$0	$0
ASHLEY HOTHEM MD	DIRECTOR	0.09	Director	$0	$0	$0
STACEY LACY	BOARD CHAIR	0.12	Officer Director	$0	$0	$0
JOHN LEPI MD	MEDICAL DIRECTOR	0.12	Director	$900	$0	$900
SHIRLEY VANWYE	DIRECTOR	0.12	Director	$0	$0	$0
JODY BALLAS	DIRECTOR	0.12	Director	$0	$0	$0
WENDY CEDOZ	SECRETARY	0.12	Director	$0	$0	$0
ANGELA HOBERG	DIRECTOR	0.12	Director	$0	$0	$0
TINA PATTERSON	DIRECTOR	0.12	Director	$0	$0	$0
BRYAN KRIEG	TREASURER	0.06	Director	$0	$0	$0
PAM THOMPSON	MEMBER	0.12	Director	$0	$0	$0
KAREN KROFFT	MEMBER	0.12	Director	$0	$0	$0
MATTHEW PERRY	CHIEF EXECUTIVE OFFICER	0.00	Officer	$0	$0	$0
MICHAEL NORMAN	CHIEF FINANCIAL OFFICER	0.03	Officer	$0	$0	$0
ADAM HOPPER	CHIEF FINANCIAL OFFICER:START 09/24	0.19	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
2024	$484,906	$463,174	$471,967	$21,732
2023	$424,262	$362,156	$353,943	$62,106
2022	$270,563	$482,583	$225,628	$-212,020
2021	$605,756	$498,394	$349,668	$107,362
2020	$194,697	$273,523	$622,878	$-78,826
2019	$458,848	$690,700	$569,548	$-231,852
2018	$421,442	$419,988	$432,898	$1,454

ALTERNACARE