TRI-MED FAMILY CARE INC (EIN 582573259) - 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

2004

Legal Domicile

Principal Officer

SUZANNE CHOVANEC

Phone

7069356442

Tax Period

2023-01-01 to 2023-12-31

TRI-MED FAMILY CARE INC, founded in 2004, is a community nonprofit in the Health Care sector that reported $2.6M in total revenue in fiscal year 2023. Revenue fell 38% from the prior year — a significant decline worth monitoring.

Mission

THE ORGANIZATION PROVIDES HEALTHCARE TO INDIVIDUALS REGARDLESS OF THEIR ABILITY TO PAY.

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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 $1,323,964

Program Service Revenue $487,624

Investment Income $21,686

Other Revenue $722,418

TOTAL REVENUE $2,555,692

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,561,228

Fundraising Expenses $0

Program Expenses $1,739,652

Other Expenses $983,800

TOTAL EXPENSES $2,545,028

Year-over-Year Comparison

	2023	2022	Change
Revenue	$2,555,692	$4,097,403	-0.4%
Expenses	$2,545,028	$4,664,161	-0.5%
Net Income	$10,664	$-566,758	-1.0%

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

$95,537

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
SUZANNE CHOVANEC	CEO	40.00	Officer	$95,537	$0	$95,537
CHERRI ELLIOT	SECRETARY	1.00	Officer Director	$0	$0	$0
CAROL FINCHER	BOARD MEMBER	0.00	Director	$0	$0	$0
NATALIE HUNT	VICE CHAIR	1.00	Officer Director	$0	$0	$0
SULICIA JONES	PRESIDENT	5.00	Officer Director	$0	$0	$0
RAYMOND NEAL	TREASURER	2.00	Officer Director	$0	$0	$0
THOMAS RAWLS	BOARD MEMBER	0.00	Director	$0	$0	$0
EMERSON RUSSELL	BOARD MEMBER	0.00	Director	$0	$0	$0
JERRY SIMS	BOARD MEMBER	0.00	Director	$0	$0	$0
RHONDA SWANEY	BOARD MEMBER	0.00	Director	$0	$0	$0
CLAY WALKER	BOAD MEMBER	0.00	Director	$0	$0	$0
JAMIE BENNETT	BOARD MEMBER	0.00	Director	$0	$0	$0
JIM BOYD	BOARD MEMBER	0.00	Director	$0	$0	$0
KELLYE LUDY	BOARD MEMBER	0.00	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
2023	$2,555,692	$2,545,028	$4,126,218	$10,664
2022	$4,097,403	$4,624,767	$4,183,165	$-527,364
2021	$4,969,194	$4,195,515	$8,900,300	$773,679
2020	$4,788,998	$6,206,493	$5,198,151	$-1,417,495
2019	$3,020,998	$2,955,300	$4,528,749	$65,698
2018	$3,129,736	$2,934,819	$3,980,257	$194,917

TRI-MED FAMILY CARE INC