GLOUCESTER MATHEWS CARE CLINIC

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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

ARLENE ARMENTOR

Phone

8042101368

Tax Period

2024-01-01 to 2024-12-31

GLOUCESTER MATHEWS CARE CLINIC, founded in 1997, is a community nonprofit in the Health Care sector that reported $2.6M in total revenue in fiscal year 2024. Revenue surged 22% from the prior year, signaling strong growth momentum. Expenses of $2.5M left a modest 4% surplus.

Mission

THE MISSION OF THE GLOUCESTER MATHEWS CARE CLINIC IS TO PROVIDE COMPREHENSIVE HEALTHCARE SERVICES ADDRESSING THE UNMET NEEDS OF OUR COMMUNITY.

Program Service Accomplishments

Program 1

Expenses: $2,338,301

GLOUCESTER MATHEWS CARE CLINIC'S THREE MAJOR PROGRAMS ARE OUR MEDICAL- BEHAVIORAL HEALTH CLINIC, DENTAL CLINIC, AND PHARMACY, AND THESE SERVICES ARE PROVIDED TO UNINSURED PATIENTS AS WELL AS THOSE...

GLOUCESTER MATHEWS CARE CLINIC'S THREE MAJOR PROGRAMS ARE OUR MEDICAL- BEHAVIORAL HEALTH CLINIC, DENTAL CLINIC, AND PHARMACY, AND THESE SERVICES ARE PROVIDED TO UNINSURED PATIENTS AS WELL AS THOSE WITH MEDICAID THROUGH THE 2019 MEDICAID EXPANSION. OUR OVERARCHING GOAL IS TO PROVIDE EXCELLENT, COMPASSIONATE CARE, ENGAGING PATIENTS AS ACTIVE PARTICIPANTS WITH US IN MANAGING THEIR HEALTH CONDITIONS. WE ALSO HELP PATIENTS ACCESS COMMUNITY SERVICES TO ADDRESS THEIR SOCIAL NEEDS CARING FOR THEIR PHYSICAL, MENTAL AND SOCIAL NEEDS ULTIMATELY IMPROVES THEIR QUALITY OF LIFE. DURING 2024, WE SERVED 514 PATIENTS WITH 2,348 MEDICAL CARE VISITS, AND 146 DENTAL CARE VISITS. GMCC WAS ABLE TO PROVIDE 7,609 PRESCRIPTIONS FOR ITS CLIENTS. ALSO, OUR PHYSICIANS, NURSES, DENTISTS AND PHARMACISTS DONATED 2,621 HOURS TO OUR CLIENTS. GMCC CONTINUES TO REFER PATIENTS FOR ADDITIONAL CARE NEEDED TO RIVERSIDE HEALTHCARE SYSTEM, SENTARA HEALTH SYSTEM, AS WELL AS OTHER MEDICAL PROVIDERS.

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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 $2,313,710

Program Service Revenue $150,775

Investment Income $17,557

Other Revenue $138,730

TOTAL REVENUE $2,620,772

Expense Breakdown

Grants Paid $0

Salaries & Benefits $752,118

Fundraising Expenses $60,125

Program Expenses $2,338,301

Other Expenses $1,768,552

TOTAL EXPENSES $2,520,670

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,620,772	$2,153,651	+0.2%
Expenses	$2,520,670	$1,980,233	+0.3%
Net Income	$100,102	$173,418	-0.4%

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

$85,563

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ARLENE ARMENTOR	EXECTIVE DIR	40.00	Director	$85,563	$0	$85,563
CARL HOBBS III	PRESIDENT	2.00	Officer Director	$0	$0	$0
REBECCA WHITE PHD MSN RN CNE	VICE PRESIDE	2.00	Officer Director	$0	$0	$0
BOB CROSS MD	VICE PRESIDE	2.00	Officer Director	$0	$0	$0
VONNIE JAMES	TREASURER	3.00	Officer Director	$0	$0	$0
MARGARET POOLE NP	SECRETARY	2.00	Officer Director	$0	$0	$0
SVEN VANBAARS	IMMED PAST P	1.00	Director	$0	$0	$0
ANDREA CRAWFORD MD	DIRECTOR	1.00	Director	$0	$0	$0
DIANE DAWN	DIRECTOR	1.00	Director	$0	$0	$0
TRACY ELLIOTT	DIRECTOR	1.00	Director	$0	$0	$0
CHER GINGUES	DIRECTOR	1.00	Director	$0	$0	$0
STEVE GINGUES	DIRECTOR	1.00	Officer Director	$0	$0	$0
BRYANT HUDGINS	DIRECTOR	1.00	Director	$0	$0	$0
CHRIS WHITE	DIRECTOR	1.00	Director	$0	$0	$0
ROXANNE YARINA	DIRECTOR	1.00	Director	$0	$0	$0
WAYNE J REYNOLDS DO	EX-OFFICIO D	1.00	Director	$0	$0	$0
CR HARRIS JR DDS	EX- OFFICIO	1.00	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
2024	$2,620,772	$2,520,670	$2,346,947	$100,102
2023	$2,153,651	$1,980,233	$2,328,687	$173,418
2022	$2,377,857	$2,351,927	$2,460,790	$25,930
2021	$2,701,936	$2,400,480	$2,371,454	$301,456
2020	$2,393,757	$2,401,995	$2,216,079	$-8,238
2019	$2,513,010	$2,278,156	$2,163,311	$234,854
2018	$1,110,822	$1,056,504	$1,993,002	$54,318