GRAMEEN PRIMACARE 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

2013

Legal Domicile

Principal Officer

GREG MANN

Phone

7187040358

Tax Period

2022-07-01 to 2023-06-30

GRAMEEN PRIMACARE INC, founded in 2013, is a small nonprofit that reported $725K in total revenue in fiscal year 2022. Revenue fell 51% from the prior year — a significant decline worth monitoring. Expenses of $1.9M exceeded revenue, resulting in a 158% operating deficit.

Mission

OUR MISSION IS TO PROVIDE UNDERSERVED WOMEN FROM LOW-INCOME IMMIGRANT COMMUNITIES WITH A HEALTH PROMOTION AND EMPOWERMENT PROGRAM.

Program Service Accomplishments

Program 1

Expenses: $1,496,640 Revenue: $0

PROMOTORAS - GRAMEEN PROMOTORAS IS A PROGRAM THAT AIMS TO IMPROVE THE HEALTH AND WELL-BEING OF GRAMEEN AMERICA BORROWERS IN SEVERAL LOCATIONS BY USING A COMMUNITY HEALTH WORKER APPROACH IN A...

PROMOTORAS - GRAMEEN PROMOTORAS IS A PROGRAM THAT AIMS TO IMPROVE THE HEALTH AND WELL-BEING OF GRAMEEN AMERICA BORROWERS IN SEVERAL LOCATIONS BY USING A COMMUNITY HEALTH WORKER APPROACH IN A NON-CLINICAL SETTING. PROMOTORAS MODELS HAVE PROVED SUCCESSFUL IN DEMOGRAPHICALLY SIMILAR COMMUNITIES AROUND THE COUNTRY AND IN CENTRAL AND SOUTH AMERICA. BASED ON KNOWLEDGE GLEANED FROM VIDASANA, GRAMEEN PROMOTORAS PROVIDES WOMEN WITH BASIC HEALTH SCREENINGS (ADA RISK ASSESMENT, ETC), HEALTH SYSTEM EDUCATION AND NAVIGATION, PREVENTIVE HEALTH EDUCATION, PHYSICAL ACTIVITIES, AND PEER SUPPORT. THE PROGRAM HAS PRODUCED MANY IMPROVED HEALTH OUTCOMES AND BENEFITS IN A LOW-COST, EFFICIENT, AND MOST IMPORTANTLY, SCALABLE MANNER. THE PROMOTORAS PROGRAM WAS DEVELOPED AND LAUNCHED IN SEPTEMBER 2016 (FY 17) IN THE BRONX, AND WAS EXPANDED TO JACKSON HEIGHTS, QUEENS IN JANUARY 2021 (FY 21); IN FY 22, THE PROGRAM FURTHER EXPANDED TO LOCATIONS IN CHARLOTTE, NORTH CAROLINA AND CONNECTICUT; IN FY 23, THE PROGRAM FURTHER LAUNCHED IN UPPER MANHATTAN/INWOOD, NY AND LOS ANGELES, CA (PICO UNION).

Program 2

Expenses: $30,220 Revenue: $0

EVALUATION - GRAMEEN PRIMACARE'S EVALUATION PROGRAM EMPLOYS SCIENTIFICALLY RIGOROUS RESEARCH METHODS TO IDENTIFY HEALTH NEEDS, BARRIERS AND CHALLENGES FACING OUR MEMBERS IN ORDER TO TRANSLATE...

EVALUATION - GRAMEEN PRIMACARE'S EVALUATION PROGRAM EMPLOYS SCIENTIFICALLY RIGOROUS RESEARCH METHODS TO IDENTIFY HEALTH NEEDS, BARRIERS AND CHALLENGES FACING OUR MEMBERS IN ORDER TO TRANSLATE FINDINGS INTO QUALITY CARE. THROUGH EVALUATION AND ANALYSIS, OUR GOAL IS TO PROVIDE ROBUST HEALTH PROGRAMS THAT SATISFY UNMET NEEDS IN THE COMMUNITY AND TO PRODUCE MEANINGFUL RESEARCH THAT CAN GENERATE HEALTH CARE REFORM, WHICH INSPIRES A MORE EQUITABLE AND EFFICIENT HEALTH SYSTEM.

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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 (2022)

Revenue Breakdown

Contributions & Grants $722,145

Program Service Revenue $0

Investment Income $0

Other Revenue $2,541

TOTAL REVENUE $724,686

Expense Breakdown

Grants Paid $101,070

Salaries & Benefits $1,435,000

Fundraising Expenses $53,761

Program Expenses $1,526,860

Other Expenses $333,403

TOTAL EXPENSES $1,869,473

Year-over-Year Comparison

	2022	2021	Change
Revenue	$724,686	$1,486,049	-0.5%
Expenses	$1,869,473	$1,395,787	+0.3%
Net Income	$-1,144,787	$90,262	-13.7%

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

$676,742

Total Directors

$478,356

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ANDREA JUNG	PRESIDENT	1.00	Officer Director	$0	$14,477	$478,356
ALLISON PRITZKER SCHWARTZ	DIRECTOR	1.00	Director	$0	$0	$0
KAREN PRITZKER	DIRECTOR	1.00	Director	$0	$0	$0
GREG MANN	EXECUTIVE DIRECTOR/SECRETARY	40.00	Officer	$192,779	$5,607	$198,386

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
2023	$724,686	$1,869,473	No data	$-1,144,787
2022	$1,486,049	$1,395,787	$1,237,531	$90,262
2021	$457,171	$1,067,313	$1,134,542	$-610,142
2020	$2,144,758	$2,469,459	$1,855,411	$-324,701
2019	$3,510,728	$2,259,885	$2,370,099	$1,250,843