InterCare Community Health Network

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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

1971

Legal Domicile

Principal Officer

Velma Hendershott

Phone

2694277937

Tax Period

2024-04-01 to 2025-03-31

InterCare Community Health Network, founded in 1971, is a mid-sized nonprofit in the Mental Health sector that reported $42.6M in total revenue in fiscal year 2024.

Mission

To promote the provision of high quality, comprehensive, and affordable health care that is coordinated, culturally and linguistically competent, and community directed for all medically underserved populations.

Program Service Accomplishments

Program 1

Expenses: $20,990,968 Revenue: $17,935,824

Medical Program - InterCare's Medical program provides quality care to patients regardless of ability to pay. During the past year, there were 83,294 medical visits. InterCare has served the...

Medical Program - InterCare's Medical program provides quality care to patients regardless of ability to pay. During the past year, there were 83,294 medical visits. InterCare has served the medically needy in Southwest Michigan for 50 years. In this time, InterCare has grown from a small seasonal migrant health center to a four-county network with six fixed sites, one mobile unit and a farm worker program.

Program 2

Expenses: $8,939,823 Revenue: $7,638,670

Dental program - InterCare's Dental program provides quality care to patients regardless of the patient's ability to pay. During the past year, there were 35,474 dental visits. InterCare provides...

Dental program - InterCare's Dental program provides quality care to patients regardless of the patient's ability to pay. During the past year, there were 35,474 dental visits. InterCare provides dental and hygiene services at six clinics.

Program 3

Expenses: $2,975,489 Revenue: $2,542,419

Behavioral Health - InterCare's Behavioral Health program provides quality care to patients regardless of ability to pay. During the past year, there were 11,807 Behavioral Health visits. InterCare provides behavioral health services, including Substance Use Disorder care at five clinics, a school based clinic, and services at the migrant outreach sites.

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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 $14,246,004

Program Service Revenue $28,188,673

Investment Income $47,461

Other Revenue $120,967

TOTAL REVENUE $42,603,105

Expense Breakdown

Grants Paid $0

Salaries & Benefits $28,646,356

Fundraising Expenses $0

Program Expenses $32,906,280

Other Expenses $13,635,804

TOTAL EXPENSES $42,282,160

Year-over-Year Comparison

	2024	2023	Change
Revenue	$42,603,105	$39,641,794	+0.1%
Expenses	$42,282,160	$40,797,130	+0.0%
Net Income	$320,945	$-1,155,336	-1.3%

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

472

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

$964,895

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Karen Freeburn	Chair	1.00	Officer Director	$0	$0	$0
Ron Karpanty	Vice Chair	1.00	Officer Director	$0	$0	$0
Margaret Adams	Secretary	1.00	Officer Director	$0	$0	$0
Lane Holmes	Treasurer	1.00	Officer Director	$0	$0	$0
Rosa-Emma Martinez	Director	1.00	Director	$0	$0	$0
Cindy Thomas	Director	1.00	Director	$0	$0	$0
Samantha Fell	Director	1.00	Director	$0	$0	$0
Martha Espino	Director	1.00	Director	$0	$0	$0
Nicholas Blue	Director	1.00	Director	$0	$0	$0
Velma Hendershott	CEO	40.00	Officer	$377,786	$26,857	$404,643
John McElwee	CFO	40.00	Officer	$208,579	$20,069	$228,648
Heather West	CAO	40.00	Officer	$143,996	$22,934	$166,930
Jonathan Grinnell-Ackerman	COO	40.00	Officer	$138,364	$26,310	$164,674
Lisa Fink	Physician	40.00	Highest	$399,168	$17,447	$416,615
David Perez	Physician	40.00	Highest	$324,569	$21,860	$346,429
Lana Zarlenga	Physician	40.00	Highest	$321,058	$16,652	$337,710
David Collins	Physician	40.00	Highest	$311,958	$29,033	$340,991
Mark O'Brien	Physician	40.00	Highest	$301,795	$25,700	$327,495

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	$42,603,105	$42,282,160	$23,037,129	$320,945
2024	$39,641,794	$40,797,130	$24,356,378	$-1,155,336
2023	$39,659,593	$40,580,887	$26,451,641	$-921,294
2022	$43,148,470	$39,485,586	$22,378,285	$3,662,884
2021	$38,460,769	$35,549,715	$23,062,624	$2,911,054
2021	$38,977,996	$35,590,750	$21,888,713	$3,387,246
2020	$33,544,714	$36,365,308	$18,201,322	$-2,820,594
2020	$32,051,844	$36,397,374	$18,377,224	$-4,345,530
2019	$34,006,603	$37,630,330	$20,492,583	$-3,623,727