CHESAPEAKE CARE 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

1992

Legal Domicile

Principal Officer

DOURINA PETERSEN

Phone

7575457090

Tax Period

2023-07-01 to 2024-06-30

CHESAPEAKE CARE INC, founded in 1992, is a small nonprofit that reported $985K in total revenue in fiscal year 2023. Revenue decreased 17% compared to the prior year. Expenses of $948K left a modest 4% surplus.

Mission

THE ORGANIZATION IS A MULTI-SPECIALTY MEDICAL AND DENTAL CLINIC LOCATED IN CHESAPEAKE, VIRGINIA THAT PROVIDES MEDICAL AND DENTAL CARE TO LOW-INCOME UNDERSERVED INDIVIDUALS IN THE COMMUNITY CARE IS PROVIDED PRIMARILY BY VOLUNTEER HEALTH CARE PROFESSIONALS AND ADMINSTRATIVE SUPPORT VOLUNTEERS. A SMALL PAID STAFF SUPPORTS THE KEY FUNCTIONS OF THE ORGANIZATION. REVENUE IS GENERATED BY GRANTS, LOCAL AND STATE CONTRIBUTIONS, INDIVIDUAL AND CORPORATE DONATIONS AND VARIOUS FUNDRAISING EVENTS.

Program Service Accomplishments

Program 1

Expenses: $831,046 Revenue: $99,388

MEDICAL AND DENTAL CARE WAS PROVIDED FOR APPROX. 865 LOW-INCOME INDIVIDUALS IN 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 (2023)

Revenue Breakdown

Contributions & Grants $856,731

Program Service Revenue $99,388

Investment Income $22,134

Other Revenue $6,594

TOTAL REVENUE $984,847

Expense Breakdown

Grants Paid $0

Salaries & Benefits $604,649

Fundraising Expenses $12,008

Program Expenses $831,046

Other Expenses $343,514

TOTAL EXPENSES $948,163

Year-over-Year Comparison

	2023	2022	Change
Revenue	$984,847	$1,191,932	-0.2%
Expenses	$948,163	$869,639	+0.1%
Net Income	$36,684	$322,293	-0.9%

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

435

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

$86,827

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DOURINA PETERSEN	EXECUTIVE DI	40.00	Officer	$86,827	$0	$86,827
SHARON C STULL CDA BSDH	BOARD PRESID	2.00	Director	$0	$0	$0
ADAIRA HOWELL RDHBSDH MS	BOARD VICE P	0.50	Director	$0	$0	$0
MICHAEL CORCORAN	BOARD TREASU	1.00	Director	$0	$0	$0
CONSTANCE WHITE RPH	BOARD SECRET	1.50	Director	$0	$0	$0
DAVID W BOWMAN CPA	DIRECTOR	0.06	Director	$0	$0	$0
REBECCA COELHO	DIRECTOR	0.06	Director	$0	$0	$0
JONAH EZIEME MD	DIRECTOR	0.06	Director	$0	$0	$0
TIMOTHY P GARRETT	DIRECTOR	0.06	Director	$0	$0	$0
DEBORAH D HILL MED	DIRECTOR	0.50	Director	$0	$0	$0
LISA HODGES	FORMER DIREC	0.06	Director	$0	$0	$0
ANAND KAPUR BS MD MBA	DIRECTOR	0.06	Director	$0	$0	$0
GAYATRI KAPURMD	DIRECTOR	0.06	Director	$0	$0	$0
RHONDA LUCAS	FORMER DIREC	0.06	Director	$0	$0	$0
LAURA MURPHY	DIRECTOR	0.06	Director	$0	$0	$0
NANCY WELCH MD MHA MBA	DIRECTOR	0.06	Director	$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	No data	No data	No data	No data
2024	$984,847	$948,163	$2,398,895	$36,684
2023	$1,191,932	$869,639	$2,488,376	$322,293
2022	$1,020,043	$876,065	$2,117,269	$143,978
2021	$984,441	$797,484	$2,017,542	$186,957
2020	$770,737	$1,028,777	$1,930,130	$-258,040
2019	$1,009,719	$823,342	$2,090,281	$186,377
2018	$927,068	$868,725	$1,896,918	$58,343