BEVERLYCARE

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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

2015

Legal Domicile

Principal Officer

CORALI NAKAMATSU

Phone

8334238227

Tax Period

2022-07-01 to 2023-06-30

BEVERLYCARE, founded in 2015, is a community nonprofit in the Health Care sector that reported $4.3M in total revenue in fiscal year 2022. Revenue surged 33% from the prior year, signaling strong growth momentum. Expenses of $3.7M left a modest 13% surplus.

Mission

TO PROVIDE HEALTHCARE SERVICES FOR LOW-INCOME INDIVIDUALS.

Program Service Accomplishments

Program 1

Expenses: $2,866,751 Revenue: $3,718,250

BEVERLYCARE IS AN INDEPENDENT, PRIMARY CARE COMMUNITY CLINICS NETWORK THAT PROVIDES HIGH QUALITY AND ACCESSIBLE MEDICAL CARE TO THE COMMUNITIES IT SERVES. THE ORGANIZATION WAS FOUNDED ON THE BELIEF OF "CARE FOR ALL AND THE GOAL IS TO HELP ELIMINATE HEALTH DISPARITIES BY MAKING HEALTH CARE CONVENIENT AND ACCESSIBLE TO EVERYONE. DURING THE YEAR ENDED JUNE 30, 2023, THE ORGANIZATION SERVICED OVER 18,000 PATIENT VISITS.BEVERLYCARE IS A FEDERALLY QUALIFIED HEALTH CENTER-LOOK ALIKE THAT OPERATES MULTIPLE CLINICS LOCATED IN MONTEBELLO AND SURROUNDING AREAS; AND PROVIDES PEDIATRIC, ADULT PRIMARY CARE, OB/GYN, AND SENIOR HEALTH CARE SERVICES. THE ORGANIZATION IS CONTRACTED WITH SEVERAL HEALTH PLANS AND IPAS BUT ALSO OFFERS ASSISTANCE TO UNINSURED AND UNDERINSURED PATIENTS THROUGH PUBLIC HEALTH PROGRAMS SUCH AS FAMILYPACT, VFC, CHDP, EVERY WOMAN COUNTS, CPSP AND A SLIDING FEE DISCOUNT PROGRAM. THE ORGANIZATION HAS A STRONG RELATIONSHIP WITH BEVERLY HOSPITAL, A NONPROFIT, LEADING AND INDEPENDENT 202-BED ACUTE CARE FACILITY WHICH PROVIDES A FULL RANGE OF SERVICES WITH THE LATEST TECHNOLOGY ON DIAGNOSTIC AND TREATMENT OPTIONS. BEVERLY HOSPITAL HAS BEEN INSTRUMENTAL IN THE ORGANIZATION'S FORMATION, AND THEY SHARE THE SAME MISSION OF SERVING THE COMMUNITY.

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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 $602,662

Program Service Revenue $3,718,250

Investment Income $0

Other Revenue $0

TOTAL REVENUE $4,320,912

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,682,361

Fundraising Expenses $0

Program Expenses $2,866,751

Other Expenses $2,063,978

TOTAL EXPENSES $3,746,339

Year-over-Year Comparison

	2022	2021	Change
Revenue	$4,320,912	$3,238,087	+0.3%
Expenses	$3,746,339	$3,307,867	+0.1%
Net Income	$574,573	$-69,780	-9.2%

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

$179,525

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
GOHARIK GABRIEL	CHAIRPERSON/PRESIDENT	1.00	Officer Director	$0	$0	$0
ALICE CHENG	VICE CHAIR/INTERIM TREASURER	1.00	Officer Director	$0	$0	$0
ROSEMARY OROZCO	SECRETARY	1.00	Officer Director	$0	$0	$0
FRANCES ALDERETE	BOARD MEMBER	1.00	Director	$0	$0	$0
RICHARD ANGEL	BOARD MEMBER	1.00	Director	$0	$0	$0
CARLOS BENITEZ	BOARD MEMBER	1.00	Director	$0	$0	$0
PAMELA SAKAMOTO	BOARD MEMBER	1.00	Director	$0	$0	$0
RALPH HANSEN MD	VICE CHAIR	1.00	Officer Director	$0	$0	$0
KATHLEEN CURRAN	BOARD MEMBER (UNTIL 6/7/23)	1.00	Director	$0	$0	$0
CORALI NAKAMATSU	EXECUTIVE DIRECTOR	40.00	Officer	$177,333	$2,192	$179,525
RICHARD CABRERA	PHYSICIAN	40.00	Highest	$100,506	$590	$101,096
FENNY LIN	NURSE PRACTITIONER	30.00	Highest	$135,817	$1,306	$137,123

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	No data	No data	No data	No data
2023	$4,320,912	$3,746,339	$3,239,515	$574,573
2022	$3,238,087	$3,307,867	$2,222,400	$-69,780
2021	$2,642,388	$3,158,817	$1,972,125	$-516,429
2020	$1,067,170	$2,530,822	$1,067,181	$-1,463,652
2019	$517,318	$1,833,640	$767,525	$-1,316,322