CARE ENTERPRISES INC (EIN 341366709) - 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

1982

Legal Domicile

Principal Officer

STEVEN THOMPSON

Phone

4198878791

Tax Period

2020-10-01 to 2021-09-30

CARE ENTERPRISES INC, founded in 1982, is a community nonprofit that reported $2.4M in total revenue in fiscal year 2020. Revenue surged 30% from the prior year, signaling strong growth momentum. The organization ran a surplus of $633K, a strong 26% operating margin.

Mission

CARE ENTERPRISES INC., A NON-PROFIT ORGANIZATION, PRIMARILY LEASES OFFICE SPACE FOR HEALTHCARE SERVICES PRIMARILY TO PHYSICIANS AND HOSPITAL BASED ANCILLARY DEPARTMENTS FOR THE BENEFIT, SERVICE AND SUPPORT OF COMMUNITY HEALTH NEEDS AT ST. LUKE'S HOSPITAL.

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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 (2020)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $2,403,574

Investment Income $31,437

Other Revenue $0

TOTAL REVENUE $2,435,011

Expense Breakdown

Grants Paid $0

Salaries & Benefits $154,733

Fundraising Expenses $0

Program Expenses $1,789,069

Other Expenses $1,647,704

TOTAL EXPENSES $1,802,437

Year-over-Year Comparison

	2020	2019	Change
Revenue	$2,435,011	$1,874,371	+0.3%
Expenses	$1,802,437	$1,699,512	+0.1%
Net Income	$632,574	$174,859	+2.6%

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

N/A

Employees

N/A

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

$1,692,297

Total Directors

$1,319,311

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MONTGOMERY JENNIFER	PRESIDENT/CEO, EX-OFFICIO	1.00	Officer Director	$0	$202,145	$951,790
AVENDT ALISON	CHAIRMAN	1.00	Officer Director	$0	$0	$58,464
THOMPSON STEVE	TREASUER/CFO	1.00	Officer Director	$0	$12,160	$309,057
RILEY KEVIN	TREASUER/CFO (PART YEAR)	1.00	Officer	$0	$26,436	$372,986
WAKEMAN DANIEL L	FORMER PRESIDENT/CEO, EX-OFFICIO	1.00		$0	$35,045	$468,833
BURMEISTER KEITH	FORMER CHAIRMAN	1.00		$0	$42,884	$282,146

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
2021	$2,435,011	$1,802,437	No data	$632,574
2019	$2,471,127	$2,358,204	$19,809,640	$112,923
2018	$2,365,301	$2,282,606	$20,322,218	$82,695

CARE ENTERPRISES INC