WATERTOWN AREA CARES CLINIC 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

2011

Legal Domicile

Principal Officer

TIM BEINE CPA

Phone

9202067797

Tax Period

2019-01-01 to 2019-12-31

WATERTOWN AREA CARES CLINIC INC, founded in 2011, is a small nonprofit that reported $240K in total revenue in fiscal year 2019. Expenses of $507K exceeded revenue, resulting in a 111% operating deficit.

Mission

WE STRIVE TOWARD PROVIDING IMPROVED ACCESS TO HEALTHCARE IN THE WATERTOWN AREA, WITH A FOCUS ON IDENTIFYING POPULATIONS THAT ARE IN NEED AND THE AVAILABLE RESOURCES. WE WILL COORDINATE THE COMPASSION AND CARING OF THE PEOPLE OF OUR AREA TO CREATE SOLUTIONS AND BUILD A HEALTHIER COMMUNITY.

Program Service Accomplishments

Program 1

Expenses: $456,735 Revenue: $628

WATERTOWN AREA CARES CLINIC, INC. PROVIDES HEALTH SERVICES TO THE UNINSURED WHOSE INCOME IS LESS THAN 250% OF THE FEDERAL POVERTY LEVEL. THE PATIENT ASSISTANCE PROGRAM PROVIDES MEDICATIONS TO...

WATERTOWN AREA CARES CLINIC, INC. PROVIDES HEALTH SERVICES TO THE UNINSURED WHOSE INCOME IS LESS THAN 250% OF THE FEDERAL POVERTY LEVEL. THE PATIENT ASSISTANCE PROGRAM PROVIDES MEDICATIONS TO PATIENTS IN NEED WITH THE MAJORITY OF THE MEDICATIONS BEING DONATED BY PHARMACEUTICAL COMPANIES. WATERTOWN AREA CARE CLINIC MERGED WITH ROCK RIVER COMMUNITY CLINIC, INC. ALL REMAINING ASSETS WERE TRANSFERRED TO ROCK RIVER COMMUNITY CLINIC, INC. AT THE END OF 2019.

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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 (2019)

Revenue Breakdown

Contributions & Grants $239,487

Program Service Revenue $628

Investment Income $3,540

Other Revenue $-3,507

TOTAL REVENUE $240,148

Expense Breakdown

Grants Paid $269,595

Salaries & Benefits $43,943

Fundraising Expenses $18,817

Program Expenses $456,735

Other Expenses $193,054

TOTAL EXPENSES $506,592

Year-over-Year Comparison

	2019	2018	Change
Revenue	$240,148	$229,331	+0.0%
Expenses	$506,592	$210,777	+1.4%
Net Income	$-266,444	$18,554	-15.4%

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

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

$17,888

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CAROL QUEST RN	CHAIR	1.00	Officer Director	$0	$0	$0
DONENE ROWE MD	VICE CHAIR	1.00	Officer Director	$0	$0	$0
SANDY TORGERSON	SECRETARY	1.00	Officer Director	$0	$0	$0
TIM BEINE CPA	TREASURER	1.00	Officer Director	$0	$0	$0
JAMES SCHULTZ	DIRECTOR	1.00	Director	$0	$0	$0
FRED GREMMELS MD	DIRECTOR	1.00	Director	$0	$0	$0
JOHN BASARICH	MEDICAL DIRECTOR	1.00	Officer Director	$0	$0	$0
CAROL MERTINS	PAST EXECUTIVE DIRECTOR	40.00	Officer	$1,810	$0	$1,810
SHEILA GEIB	EXECUTIVE DIRECTOR	40.00	Officer	$16,078	$0	$16,078

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
2019	$240,148	$506,592	No data	$-266,444
2018	$229,331	$210,777	$271,038	$18,554