CAPE VOLUNTEERS IN MEDICINE 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

2002

Legal Domicile

Principal Officer

CRAIG DEGENOVA

Phone

6094632846

Tax Period

2024-10-01 to 2025-09-30

CAPE VOLUNTEERS IN MEDICINE INC, founded in 2002, is a small nonprofit in the Health Care sector that reported $875K in total revenue in fiscal year 2024. Revenue fell 21% from the prior year — a significant decline worth monitoring. Expenses of $1.0M exceeded revenue, resulting in a 17% operating deficit.

Mission

PROVIDE PRIMARY HEALTH CARE AND RELATED SERVICES TO THE MEDICALLY UNINSURED AND UNDERSERVED LIVING IN ATLANTIC AND CAPE MAY COUNTIES

Program Service Accomplishments

Program 1

Expenses: $944,325

TO UNDERSTAND AND SERVE THE HEALTH AND WELLNESS NEEDS POPULATION LIVING OR WORKING IN ATLANTIC AND CAPE MAY 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 (2024)

Revenue Breakdown

Contributions & Grants $625,070

Program Service Revenue $0

Investment Income $20,703

Other Revenue $229,303

TOTAL REVENUE $875,076

Expense Breakdown

Grants Paid $0

Salaries & Benefits $573,163

Fundraising Expenses $18,790

Program Expenses $944,325

Other Expenses $452,184

TOTAL EXPENSES $1,025,347

Year-over-Year Comparison

	2024	2023	Change
Revenue	$875,076	$1,103,443	-0.2%
Expenses	$1,025,347	$1,027,840	0.0%
Net Income	$-150,271	$75,603	-3.0%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JACKIE MEILUTA	FISCAL DIREC	40.00	Highest	$118,532	$0	$118,532
JOANNE CARROCINO	TRUSTEE	1.00	Director	$0	$0	$0
KATHERINE CUSTER	SECRETARY	1.00	Officer Director	$0	$0	$0
CRAIG DEGENOVA	PRESIDENT	1.00	Officer Director	$0	$0	$0
JAY BLUMBERG ESQ	VICE PRESIDE	1.00	Director	$0	$0	$0
LORETTA FINNEGAN	TRUSTEE	1.00	Officer Director	$0	$0	$0
GERALD HATHAWAY	TRUSTEE	1.00	Director	$0	$0	$0
HEATHER WATKINS- JONES	TRUSTEE	1.00	Director	$0	$0	$0
REV DOUGLASS MOORE	TRUSTEE	1.00	Director	$0	$0	$0
MARIFRANCES O'NEILL	TRUSTEE	1.00	Director	$0	$0	$0
DOLLY PARAMANATHAN	TREASURER	1.00	Officer Director	$0	$0	$0
MATTHEW PISKUN	TRUSTEE	1.00	Officer Director	$0	$0	$0
MICKI GOLDBERG	TRUSTEE	1.00		$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	$875,076	$1,025,347	$1,671,985	$-150,271
2024	$1,103,443	$1,027,840	$1,386,986	$75,603
2023	$1,020,845	$911,744	$1,414,617	$109,101
2022	$929,159	$923,176	$1,089,771	$5,983
2021	$1,169,826	$894,540	$1,034,029	$275,286
2020	$728,246	$779,911	$851,218	$-51,665
2019	$980,764	$965,757	$812,878	$15,007