CAREREACH 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

1998

Legal Domicile

Principal Officer

JOSEPH D JONES

Phone

8282326532

Tax Period

2024-07-01 to 2025-06-30

CAREREACH INC, founded in 1998, is a community nonprofit in the Health Care sector that reported $1.4M in total revenue in fiscal year 2024. Revenue surged 28% from the prior year, signaling strong growth momentum. The organization ran a surplus of $288K, a strong 21% operating margin.

Mission

TO PROVIDE CARE COORDINATION ACROSS MEDICAL, BEHAVIORAL HEALTH AND SOCIAL SERVICE SYSTEMS IN WESTERN NORTH CAROLINA

Program Service Accomplishments

Program 1

Expenses: $872,304 Revenue: $834,115

TO BE A PARTNER IN THE HEALTH SAFETY NET SYSTEM OF WESTERN NORTH CAROLINA AND BRIDGE CONNECTIONS BETWEEN THE MEDICAL SYSTEM, COMMUNITY RESOURCES, AND COMMUNITY MEMBERS TO CREATIVELY SOLVE COMPLEX...

TO BE A PARTNER IN THE HEALTH SAFETY NET SYSTEM OF WESTERN NORTH CAROLINA AND BRIDGE CONNECTIONS BETWEEN THE MEDICAL SYSTEM, COMMUNITY RESOURCES, AND COMMUNITY MEMBERS TO CREATIVELY SOLVE COMPLEX HEALTH PROBLEMS THROUGH DIRECT SERVICES SUPPORT PROGRAMS AND HEALTH INITIATIVES.

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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 $969,940

Program Service Revenue $345,500

Investment Income $39,083

Other Revenue $0

TOTAL REVENUE $1,354,523

Expense Breakdown

Grants Paid $0

Salaries & Benefits $703,251

Fundraising Expenses $0

Program Expenses $872,854

Other Expenses $363,390

TOTAL EXPENSES $1,066,641

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,354,523	$1,062,092	+0.3%
Expenses	$1,066,641	$1,208,592	-0.1%
Net Income	$287,882	$-146,500	-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

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

$105,663

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KEVIN PARKER	CHAIRMAN	0.25	Officer Director	$0	$0	$0
RACHEL POTTER	VICE CHAIR	0.25	Officer Director	$0	$0	$0
PEGGY WILLIAMS	TREASURER &	0.25	Officer Director	$0	$0	$0
DR HARALD KOWA	DIRECTOR	0.25	Director	$0	$0	$0
MICHAEL GRAF	DIRECTOR	0.25	Director	$0	$0	$0
JOSEPH D JONES	EXECUTIVE DI	40.00	Officer	$91,776	$13,887	$105,663

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	$1,354,523	$1,066,641	$1,495,141	$287,882
2024	$1,062,092	$1,208,592	$1,294,675	$-146,500
2023	$596,295	$1,265,484	$1,414,820	$-669,189
2022	$918,184	$1,106,636	$2,178,610	$-188,452
2021	$1,062,046	$982,167	$2,287,964	$79,879
2019	$7,759,877	$7,966,507	$2,725,836	$-206,630