CAREARC INC (EIN 481193556) - 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

1997

Legal Domicile

Principal Officer

RENEE HIVELY

Phone

6203424864

Tax Period

2023-01-01 to 2023-12-31

CAREARC INC, founded in 1997, is a mid-sized nonprofit in the Health Care sector that reported $12.1M in total revenue in fiscal year 2023. Revenue grew 15% year-over-year, indicating healthy expansion. The organization ran a surplus of $1.9M, a strong 16% operating margin.

Mission

ORGANIZATION PROVIDES QUALITY MEDICAL, DENTAL, AND MENTAL HEALTH SERVICES AND CARE TO INDIVIDUALS IN THE SURROUNDING COMMUNITY. SEE SCHEDULE O FOR ADDITIONAL INFO.VISION STATEMENT:THE CAREARC IS THE PROVIDER OF CHOICE FOR EMPLOYING PASSIONATE TEAM-ORIENTED PEOPLE, DELIVERING INCLUSIVE HEALTH SERVICES IN A WARM AND CARING ENVIRONMENT, AND IMPROVING EVERYDAY LIFE FOR A DIVERSE POPULATION.MISSION STATEMENT:TO PROVIDE PERSONALIZED, AFFORDABLE, AND QUALITY HEALTH SERVICES FOR ALL.CORE VALUES:AT CAREARC, PATIENTS AND CLIENTS ARE THE FOCUS OF EVERYTHING WE DO. OUR CORE VALUES SUPPORT THIS FOCUS AND ARE A DAILY REMINDER TO ALWAYS THINK OF THE PATIENT AND CLIENT.WE VALUE:- INTEGRITY: OUR ETHICAL CONDUCT IS THE FOUNDATION FOR A TRUSTING RELATIONSHIP WITH OUR PATIENTS, CLIENTS, EACH OTHER, AND THE COMMUNITIES WE SERVE.- COMPASSION: WE TREAT PATIENTS, THEIR FAMILY MEMBERS, CLIENTS, AND EACH OTHER WITH SENSITIVITY AND EMPATHY.

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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 (2023)

Revenue Breakdown

Contributions & Grants $6,230,531

Program Service Revenue $5,749,969

Investment Income $66,776

Other Revenue $18,999

TOTAL REVENUE $12,066,275

Expense Breakdown

Grants Paid $0

Salaries & Benefits $6,904,030

Fundraising Expenses $0

Program Expenses $7,714,203

Other Expenses $3,215,779

TOTAL EXPENSES $10,119,809

Year-over-Year Comparison

	2023	2022	Change
Revenue	$12,066,275	$10,535,828	+0.1%
Expenses	$10,119,809	$9,275,614	+0.1%
Net Income	$1,946,466	$1,260,214	+0.5%

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

112

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

$337,518

Total Directors

Key Employees

$221,050

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DAPHNE MERTENS	BOARD PRESIDENT	1.00	Officer Director	$0	$0	$0
FANNIE BROOKS	BOARD MEMBER	0.50	Director	$0	$0	$0
GABRIELLE WITHINGTON	BOARD MEMBER	0.50	Director	$0	$0	$0
JASON DELGADO	BOARD MEMBER	0.50	Director	$0	$0	$0
JELINDA WATTS	BOARD MEMBER	0.50	Director	$0	$0	$0
JO SOSA	BOARD MEMBER	0.50	Director	$0	$0	$0
KEVIN RISLEY	BOARD MEMBER	0.50	Director	$0	$0	$0
LARRY WILLIAMS	OUTGOING BOARD MEMBER	0.50	Director	$0	$0	$0
LEE ALDERMAN	BOARD MEMBER	0.50	Director	$0	$0	$0
MARILYN RENTERIA	BOARD MEMBER	0.50	Director	$0	$0	$0
RICK TORRES	BOARD VICE PRESIDENT	0.80	Officer Director	$0	$0	$0
RON HANSON	BOARD TREASURER/SECRETARY	0.80	Officer Director	$0	$0	$0
TERESA BRIGGS	OUTGOING BOARD MEMBER	0.50	Director	$0	$0	$0
VANDA STEPHENS	BOARD MEMBER	0.50	Director	$0	$0	$0
RENEE HIVELY	CEO	42.68	Officer	$160,931	$39,644	$200,575
SERESA HOWE	CFO	40.20	Officer	$107,042	$29,901	$136,943
REGAN ORR	DENTAL DIRECTOR	41.60	Key Emp	$180,654	$40,396	$221,050
LUZ HORTON	DENTIST	40.42	Highest	$164,263	$42,774	$207,037
MICHAEL MCCLINTICK	PHYSICIAN	41.60	Highest	$240,671	$45,355	$286,026
TAMARA BLACK	MEDICAL DIRECTOR	39.80	Highest	$122,074	$35,898	$157,972

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	No data	No data	No data	No data
2023	$12,066,275	$10,119,809	$9,661,779	$1,946,466
2022	$10,535,828	$9,275,614	$8,372,323	$1,260,214
2021	$10,015,494	$9,151,593	$7,246,588	$863,901
2020	$11,180,466	$9,083,580	$6,563,418	$2,096,886
2019	$9,243,746	$9,164,935	$4,477,998	$78,811
2018	$9,192,251	$9,388,969	$4,337,046	$-196,718

CAREARC INC