Care Net Foundation (EIN 460951472) - Form 990 Financial Analysis & Trantor Score

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Tuckman-Chang Vulnerability Assessment

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

2012

Legal Domicile

Phone

7035548746

Tax Period

2023-07-01 to 2024-06-30

CARE NET FOUNDATION, founded in 2012, is a small nonprofit in the Health Care sector that reported $159K in total revenue in fiscal year 2018. Revenue surged 109% from the prior year, signaling strong growth momentum. The organization ran a surplus of $121K, a strong 76% operating margin.

Mission

Care Net Foundation is organized and operated to support Care Net and other public charities.

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Trantor Score

Financial Health & Payment Capacity Assessment (FICO Scale: 300–850)

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $16,335

Program Service Revenue $0

Investment Income $2,609

Other Revenue $3,700

TOTAL REVENUE $22,644

Expense Breakdown

Grants Paid $297,855

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $297,855

Other Expenses $13,557

TOTAL EXPENSES $311,412

Year-over-Year Comparison

	2023	2022	Change
Revenue	$22,644	$30	+753.8%
Expenses	$311,412	$514,986	-0.4%
Net Income	$-288,768	$-514,956	-0.4%

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

N/A

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

$297,578

Total Directors

$297,578

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Dennis Brown	Chair	2.0	Officer Director	$0	$0	$0
Roland C Warren	President	4.0	Officer Director	$0	$22,509	$297,578
Wendy J Lowe	Secretary	1.0	Officer Director	$0	$0	$0
Doug Knox	Director	1.0	Director	$0	$0	$0
Thomas Mason	Director	2.0	Director	$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	No data	No data	No data	No data
2024	$22,644	$311,412	$2,745,775	$-288,768
2023	$30	$514,986	$3,002,947	$-514,956
2022	$916,031	$185,036	$3,532,172	$730,995
2021	$1,756,774	$4,296	$2,696,504	$1,752,478
2020	$89,655	$10,507	$898,101	$79,148
2019	$159,350	$37,994	$810,333	$121,356

Care Net Foundation