TOLEDO LUCAS COUNTY CARENET INC (EIN 431986672) - 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

2002

Legal Domicile

Principal Officer

JULIE A GRASSON

Phone

4198200161

Tax Period

2024-01-01 to 2024-12-31

TOLEDO LUCAS COUNTY CARENET INC, founded in 2002, is a community nonprofit in the Health Care sector that reported $1.0M in total revenue in fiscal year 2024. The organization ran a surplus of $205K, a strong 20% operating margin.

Mission

PROVIDING ACCESS TO COORDINATED HEALTHCARE SERVICES FOR LOW-INCOME RESIDENTS OF LUCAS COUNTY

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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 $316,221

Program Service Revenue $661,552

Investment Income $41,533

Other Revenue $1,220

TOTAL REVENUE $1,020,526

Expense Breakdown

Grants Paid $0

Salaries & Benefits $619,186

Fundraising Expenses $13,174

Program Expenses $764,069

Other Expenses $196,663

TOTAL EXPENSES $815,849

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,020,526	$992,105	+0.0%
Expenses	$815,849	$941,797	-0.1%
Net Income	$204,677	$50,308	+3.1%

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

210

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

$152,633

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
STEPHANIE CIHON	CHAIRPERSON	1.00	Officer Director	$0	$0	$0
JENNIFER DISCHER	VICE CHAIR	1.00	Officer Director	$0	$0	$0
LINDY CREE	SECRETARY	1.00	Officer Director	$0	$0	$0
DONI MILLER	DIRECTOR	1.00	Director	$0	$0	$0
JESSICA FORD	DIRECTOR	1.00	Director	$0	$0	$0
ANGELA ACKERMAN	DIRECTOR	1.00	Director	$0	$0	$0
MUSTAFA JAARA	DIRECTOR	1.00	Director	$0	$0	$0
HAYLEY STUDER	TREASURER	1.00	Officer Director	$0	$0	$0
FATIMA AL-HAYANI	DIRECTOR	1.00	Director	$0	$0	$0
LISA MCDUFFIE	DIRECTOR	1.00	Director	$0	$0	$0
ANNE RUCH	DIRECTOR	1.00	Director	$0	$0	$0
VALERIE HOVLAND	STUDENT REPRESENTATIVE	1.00	Director	$0	$0	$0
MARRIAH KORNOWA	DIRECTOR	1.00	Director	$0	$0	$0
TIFFANY WHITMAN	DIRECTOR	1.00	Director	$0	$0	$0
JULIE GRASSON	EXECUTIVE DIRECTOR	40.00	Officer	$119,885	$32,748	$152,633

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	$1,020,526	$815,849	$1,538,095	$204,677
2023	$992,105	$941,797	$1,388,261	$50,308
2022	$958,718	$757,475	$1,351,419	$201,243
2021	$628,753	$499,073	$1,464,275	$129,680
2020	$579,508	$559,525	$1,385,323	$19,983
2019	$543,766	$522,104	$1,208,992	$21,662
2018	$400,773	$457,144	$1,175,229	$-56,371

TOLEDO LUCAS COUNTY CARENET INC