Care Ring Inc (EIN 560621073) - 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

1955

Legal Domicile

Principal Officer

Tchernavia Montgomery

Phone

7043750172

Tax Period

2024-07-01 to 2025-06-30

Care Ring Inc, founded in 1955, is a community nonprofit in the Health Care sector that reported $7.8M in total revenue in fiscal year 2024. Revenue decreased 15% compared to the prior year. Expenses of $7.0M left a modest 9% surplus.

Mission

To empower individuals with limited resources to establish and maintain good health.

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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 $7,581,023

Program Service Revenue $116,119

Investment Income $49,383

Other Revenue $4,369

TOTAL REVENUE $7,750,894

Expense Breakdown

Grants Paid $0

Salaries & Benefits $5,177,249

Fundraising Expenses $320,963

Program Expenses $5,797,238

Other Expenses $1,864,880

TOTAL EXPENSES $7,042,129

Year-over-Year Comparison

	2024	2023	Change
Revenue	$7,750,894	$9,088,748	-0.1%
Expenses	$7,042,129	$6,707,643	+0.0%
Net Income	$708,765	$2,381,105	-0.7%

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

1638

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

$242,863

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Tchernavia Montgomery	CEO	40.00	Officer	$211,067	$31,796	$242,863
Zachary Molan	Board Member	1.00	Director	$0	$0	$0
Andrea Wages	Chair	1.00	Officer Director	$0	$0	$0
Shenae Dure	Board Member	1.00	Director	$0	$0	$0
Chasty Underwood	Treasurer	1.00	Officer Director	$0	$0	$0
Yalonda Herndon	Board Member	1.00	Director	$0	$0	$0
Joe Mihelich	Board Member	1.00	Director	$0	$0	$0
Oscar Saavedra	Board Member	1.00	Director	$0	$0	$0
Erik Lioy	Secretary	1.00	Officer Director	$0	$0	$0
Felicia Barnes	Board Member	1.00	Director	$0	$0	$0
Heather White	Board Member	1.00	Director	$0	$0	$0
Carmen Hooker Odom	Board Member	1.00	Director	$0	$0	$0
Jennifer Snow	Board Member	1.00	Director	$0	$0	$0
Jewel Greywoode	Board Member	1.00	Director	$0	$0	$0
Jomaira Ortiz	Board Member	1.00	Director	$0	$0	$0
Kimberly Henderson	Board Member	1.00	Director	$0	$0	$0
Michael Tomsic	Past Chair	1.00	Officer Director	$0	$0	$0
Miguel Guevara	Board Member	1.00	Director	$0	$0	$0
Morgan Hinton	Board Member	1.00	Director	$0	$0	$0
Peter Stipicevic	Board Member	1.00	Director	$0	$0	$0
Richard Sheinis	Board Member	1.00	Director	$0	$0	$0
Rodney Gaddy	Board Member	1.00	Director	$0	$0	$0
Tony Washington	Board Member	1.00	Director	$0	$0	$0
Stephanie Appling	Board Member	1.00	Director	$0	$0	$0
Sherry Saxonhouse	Board Member	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
2025	$7,750,894	$7,042,129	$8,026,383	$708,765
2024	$9,088,748	$6,707,643	$8,136,493	$2,381,105
2023	$5,427,895	$5,926,402	$2,625,929	$-498,507
2022	$5,419,756	$5,313,183	$3,510,598	$106,573
2021	$4,466,196	$4,491,677	$3,186,503	$-25,481
2020	$4,412,596	$3,965,890	$3,474,606	$446,706
2019	$3,326,138	$3,809,767	$2,104,291	$-483,629

Care Ring Inc