Care Health Services Inc (EIN 521510269) - 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

1986

Legal Domicile

Phone

4108221000

Tax Period

2022-07-01 to 2023-06-30

Care Health Services Inc, founded in 1986, is a small nonprofit in the Health Care sector that reported $827K in total revenue in fiscal year 2022. Revenue fell 71% from the prior year — a significant decline worth monitoring. Expenses of $1.4M exceeded revenue, resulting in a 75% operating deficit.

Mission

CARE HEALTH SERVICES OFFERS HOME HEALTH CARE, HOSPICE, AND OTHER SPECIALIZED SERVICES TO THE RESIDENTS OF TALBOT, CAROLINE, DORCHESTER, KENT, AND QUEEN ANNE'S COUNTIES.

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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 $0

Program Service Revenue $826,740

Investment Income $80

Other Revenue $0

TOTAL REVENUE $826,820

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,074,620

Fundraising Expenses $0

Program Expenses $1,445,892

Other Expenses $371,272

TOTAL EXPENSES $1,445,892

Year-over-Year Comparison

	2022	2021	Change
Revenue	$826,820	$2,821,212	-0.7%
Expenses	$1,445,892	$3,508,350	-0.6%
Net Income	$-619,072	$-687,138	-0.1%

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

$1,732,322

Total Directors

$8,987,342

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
N/A	Chairman	1.0	Officer Director	$0	$0	$0
N/A	Vice Chairman	1.0	Officer Director	$0	$0	$0
N/A	President and CEO	1.0	Officer Director	$0	$17,670	$912,478
N/A	Director	1.0	Director	$0	$0	$0
N/A	Director	1.0	Director	$0	$0	$0
N/A	Director	1.0	Director	$0	$0	$0
N/A	Director	1.0	Director	$0	$32,221	$298,646
N/A	Director	1.0	Director	$0	$0	$0
N/A	Director	1.0	Director	$0	$0	$0
N/A	Director	1.0	Director	$0	$0	$0
N/A	Director	1.0	Director	$0	$0	$0
N/A	Director	1.0	Director	$0	$0	$0
N/A	Director	1.0	Director	$0	$0	$0
N/A	Director	1.0	Director	$0	$0	$0
N/A	Director	1.0	Director	$0	$23,487	$440,976
N/A	Director	1.0	Director	$0	$43,868	$650,158
N/A	Director	1.0	Director	$0	$41,855	$4,402,469
N/A	Director	1.0	Director	$0	$0	$0
N/A	Director (Ended 6/2023)	1.0	Director	$0	$34,610	$1,313,651
N/A	Director	1.0	Director	$0	$0	$0
N/A	Director	1.0	Director	$0	$13,001	$968,964
N/A	Director	1.0	Director	$0	$0	$0
N/A	Director	1.0	Director	$0	$0	$0
N/A	SVP Finance, CFO and Treasurer	1.0	Officer	$0	$24,149	$477,607
N/A	Secretary (Ended 07/22)	1.0	Officer	$0	$23,795	$342,237

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	$826,820	$1,445,892	$5,447	$-619,072
2022	$2,821,212	$3,508,350	$533,413	$-687,138
2021	$2,660,695	$3,311,634	$506,390	$-650,939
2020	$2,558,755	$3,132,270	$401,217	$-573,515
2019	$3,126,037	$4,298,212	$392,581	$-1,172,175
2018	$3,171,864	$4,444,132	$599,429	$-1,272,268

Care Health Services Inc