GENNESARET FREE CLINIC INC (EIN 351776518) - 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

1989

Legal Domicile

Principal Officer

MILELE KENNEDY

Phone

3176395645

Tax Period

2024-10-01 to 2025-09-30

GENNESARET FREE CLINIC INC, founded in 1989, is a community nonprofit in the Health Care sector that reported $1.4M in total revenue in fiscal year 2024. Revenue fell 36% from the prior year — a significant decline worth monitoring. Expenses of $2.4M exceeded revenue, resulting in a 68% operating deficit.

Mission

GENNESARET FREE CLINIC PROVIDES MEDICAL, DENTAL AND VISION FOR THE UNINSURED AND UNDER INSURED. WE OPERATE 2 RESPITE FACILITIES FOR HOMELESS MEN AND WOMEN WHO ARE DISCHARGED FROM A LOCAL HOSPITAL AND NEED A PLACE TO HEAL.

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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 $1,358,887

Program Service Revenue $0

Investment Income $33,376

Other Revenue $40,244

TOTAL REVENUE $1,432,507

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,605,687

Fundraising Expenses $220,922

Program Expenses $1,847,693

Other Expenses $796,973

TOTAL EXPENSES $2,402,660

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,432,507	$2,249,882	-0.4%
Expenses	$2,402,660	$2,211,377	+0.1%
Net Income	$-970,153	$38,505	-26.2%

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

173

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

$66,726

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
RYEN LIBED MBA PMP	CHAIR	1.00	Officer Director	$0	$0	$0
REV KIM OLSON	VICE CHAIR	1.00	Officer Director	$0	$0	$0
ERIN SMITH RN	SECRETARY	1.00	Officer Director	$0	$0	$0
KAYLA MAY	TREASURER	1.00	Officer Director	$0	$0	$0
RYAN CARRELL CRP GDS	DIRECTOR	1.25	Director	$0	$0	$0
JEN CRESPO	DIRECTOR	0.25	Director	$0	$0	$0
ANTIONETTE SMITH EPPS DRPH MHSA	DIRECTOR	0.25	Director	$0	$0	$0
LISA HAYES	DIRECTOR	1.00	Director	$0	$0	$0
SCOTT SMITH	DIRECTOR	0.50	Director	$0	$0	$0
SHELBI CUMMINGS	DIRECTOR	1.00	Director	$0	$0	$0
ARDEN GERVASE	DIRECTOR	0.50	Director	$0	$0	$0
KENDRA DOUGLASS	DIRECTOR	0.25	Director	$0	$0	$0
ASHLEY YOUMELL	DIRECTOR	1.00	Director	$0	$0	$0
DENIKA PHILLIPS	DIRECTOR	0.25	Director	$0	$0	$0
MICHELLE SOUCY	DIRECTOR	0.50	Director	$0	$0	$0
ALEXANDRA SIMONTON MHA	DIRECTOR	0.25	Director	$0	$0	$0
MILELE KENNEDY	EXECUTIVE DIRECTOR	40.00	Officer	$62,500	$4,226	$66,726
BRAD BAXTER	PAST PRESIDENT	0.25	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
2025	$1,432,507	$2,402,660	$2,638,094	$-970,153
2024	$2,249,882	$2,211,377	$3,276,591	$38,505
2024	$2,249,882	$2,211,377	$3,276,591	$38,505
2023	$2,491,123	$1,886,469	$2,963,800	$604,654
2022	$1,905,536	$1,313,898	$2,138,513	$591,638
2021	$1,329,470	$1,248,772	$1,892,011	$80,698
2020	$991,900	$1,062,476	$1,736,891	$-70,576
2018	$1,097,054	$1,112,074	$1,732,440	$-15,020

GENNESARET FREE CLINIC INC