TOTAL HEALTH CARE USA INC

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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

1994

Legal Domicile

Principal Officer

NICHOLAS GATES

Phone

8669897999

Tax Period

2024-01-01 to 2024-12-31

TOTAL HEALTH CARE USA INC, founded in 1994, is a micro nonprofit that reported $23K in total revenue in fiscal year 2024. Revenue fell 98% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $6K, a strong 27% operating margin.

Mission

TO IMPROVE HEALTH, INSTILL HUMANITY AND INSPIRE HOPE.

Program Service Accomplishments

Program 1

Expenses: $0 Revenue: $0

AS OF JANUARY 1, 2022, THE ORGANIZATION CEASED TO OPERATE AS AN ACTIVE HMO. TOTAL HEALTH CARE USA, INC. HAS CONCLUDED THE WIND DOWN PROCESS AND TRANSFERRED 100% OF THEIR NET ASSETS TO TOTAL HEALTH...

AS OF JANUARY 1, 2022, THE ORGANIZATION CEASED TO OPERATE AS AN ACTIVE HMO. TOTAL HEALTH CARE USA, INC. HAS CONCLUDED THE WIND DOWN PROCESS AND TRANSFERRED 100% OF THEIR NET ASSETS TO TOTAL HEALTH CARE, INC., THE SOLE MEMBER OF TOTAL HEALTH CARE USA, INC. FINAL DISSOLUTION IS EXPECTED TO CONCLUDE IN 2025 UPON APPROVAL BY THE MICHIGAN DEPARTMENT OF INSURANCE AND FINANCIAL SERVICES AND FOLLOWING APPROVAL BY THE BOARDS OF DIRECTORS OF PRIORITY HEALTH, THE IMMEDIATE CORPORATE PARENT, AND COREWELL HEALTH, THE ULTIMATE CORPORATE PARENT.

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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 $0

Investment Income $23,180

Other Revenue $0

TOTAL REVENUE $23,180

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $16,874

TOTAL EXPENSES $16,874

Year-over-Year Comparison

	2024	2023	Change
Revenue	$23,180	$1,043,697	-1.0%
Expenses	$16,874	$835,347	-1.0%
Net Income	$6,306	$208,350	-1.0%

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

$5,231,335

Total Directors

$5,896,248

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
PRAVEEN THADANI	DIRECTOR/PRESIDENT	1.00	Officer Director	$0	$551,045	$3,153,750
KIMBERLY THOMAS	DIRECTOR/SECRETARY	1.00	Officer Director	$0	$154,979	$755,941
JOYCE CHAN RUSSELL	DIRECTOR/CHAIR	1.00	Officer Director	$0	$95,689	$678,638
MICHAEL JASPERSON	DIRECTOR	1.00	Director	$0	$115,390	$664,913
NICHOLAS GATES	DIRECTOR/VICE CHAIR/TREASURER	1.00	Officer Director	$0	$117,461	$643,006
JAMES FORSHEE MD	FORMER KEY EMPLOYEE	1.00		$0	$14,894	$422,955
NOEL UPFALL	FORMER KEY EMPLOYEE	1.00		$0	$44,935	$378,504
SUSAN RYAN	FORMER HIGHEST COMPENSATED	1.00		$0	$33,587	$240,870
SARA MCGLYNN	FORMER HIGHEST COMPENSATED	1.00		$0	$39,700	$187,569
KELLI KRUEGER	FORMER HIGHEST COMPENSATED	1.00		$0	$8,039	$133,927

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	$23,180	$16,874	No data	$6,306
2023	$1,043,697	$835,347	$4,018,258	$208,350
2022	$9,992,822	$8,240,261	$6,619,490	$1,752,561
2021	$152,617,176	$152,889,857	$56,540,654	$-272,681
2020	$145,877,500	$150,101,091	$69,844,675	$-4,223,591
2019	$182,950,323	$179,703,255	$81,937,167	$3,247,068
2018	$183,479,992	$172,886,624	$77,068,038	$10,593,368