IDEAL CARE INC

EIN: 611277653 501(c)(3)

Louisville, KY

Total Revenue
$209,914
Total Expenses
$241,405
Total Assets
$7,882
Net Assets
$7,739
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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
1995
Legal Domicile
KY
Principal Officer
JOHN I MAGREE IV
Tax Period
2018-01-01 to 2018-12-31

IDEAL CARE INC, founded in 1995, is a small nonprofit that reported $210K in total revenue in fiscal year 2018. Revenue fell 40% from the prior year — a significant decline worth monitoring. Expenses of $241K exceeded revenue, resulting in a 15% operating deficit.

Mission

IDEAL CARE INC IS A CHRISTIAN MINSTRY WHOSE PURPOSE IS TO PROVIDE CARE AND ASSISTANCE FOR SICK AND ELDERLY PEOPLE IN THE METRO LOUISVILLE AREA AS A WITNESS OF THE LOVE OF JESUS CHRIST.

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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%)

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Financial Overview (2018)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $209,914
Investment Income $0
Other Revenue $0
TOTAL REVENUE $209,914

Expense Breakdown

Grants Paid $0
Salaries & Benefits $132,870
Fundraising Expenses $0
Program Expenses $188,402
Other Expenses $108,535
TOTAL EXPENSES $241,405

Year-over-Year Comparison

2018 2017 Change
Revenue $209,914 $349,352 -0.4%
Expenses $241,405 $325,064 -0.3%
Net Income $-31,491 $24,288 -2.3%
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

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Governance

Voting Members
3
Independent Members
3
Employees
19
Volunteers
1

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
3
$0
Total Directors
3
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JOHN I MAGREE IV PRESIDENT 60.00
Officer Director
$0 $0 $0
KATHLEEN MAGREE VICE PRESIDENT 60.00
Officer Director
$0 $0 $0
JOHN I MAGREE V SECRETARYTREASURER 40.00
Officer 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
2018 $209,914 $241,405 $7,882 $-31,491
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