CAROMONT HEALTH SERVICES (EIN 561455630) - 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

1984

Legal Domicile

Phone

7048342000

Tax Period

2023-07-01 to 2024-06-30

CAROMONT HEALTH SERVICES, founded in 1984, is a mid-sized nonprofit in the Health Care sector that reported $21.8M in total revenue in fiscal year 2023. Revenue grew 10% year-over-year, indicating healthy expansion. The organization ran a surplus of $3.5M, a strong 16% operating margin.

Mission

TO PROVIDE COMPASSIONATE, EXCEPTIONAL AND HIGHLY RELIABLE CARE.

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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 $0

Program Service Revenue $21,808,724

Investment Income $0

Other Revenue $1,110

TOTAL REVENUE $21,809,834

Expense Breakdown

Grants Paid $0

Salaries & Benefits $10,442,580

Fundraising Expenses $0

Program Expenses $17,313,264

Other Expenses $7,886,634

TOTAL EXPENSES $18,329,214

Year-over-Year Comparison

	2023	2022	Change
Revenue	$21,809,834	$19,864,973	+0.1%
Expenses	$18,329,214	$17,352,681	+0.1%
Net Income	$3,480,620	$2,512,292	+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

192

Volunteers

N/A

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

$4,011,955

Total Directors

$122,443

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Rev Dr Pearl Burris-Floyd	Chair	1.0	Officer Director	$0	$0	$122,443
Ms Annette Carter	Director	1.0	Director	$0	$0	$0
Rev Dr Benjamin Hinton	Director	1.0	Director	$0	$0	$0
Mr David O'Connor	EVP/CFO/Asst. Treasurer	1.0	Officer	$0	$184,000	$1,140,025
Mr K Christopher Peek	CEO	1.0	Officer	$0	$309,455	$2,074,421
Ms Leigh Hickman	CLO/Asst. Sec.	1.0	Officer	$0	$110,160	$675,066
Ms Aimee Callahan	LPN	40.0	Highest	$119,945	$18,584	$138,529
Ms Melva Ramirez	Cna II Courtland	40.0	Highest	$176,309	$24,376	$200,685

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	$21,809,834	$18,329,214	$8,770,818	$3,480,620
2023	$19,864,973	$17,352,681	$8,619,956	$2,512,292
2022	$19,175,361	$17,522,124	$9,483,012	$1,653,237
2021	$16,561,125	$15,488,744	$12,627,199	$1,072,381
2020	$16,845,508	$15,019,608	$14,119,464	$1,825,900
2019	$15,239,998	$14,451,276	$17,608,358	$788,722
2018	$15,142,302	$14,296,068	$18,636,046	$846,234

CAROMONT HEALTH SERVICES