COMCARE INC (EIN 621019649) - 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

1981

Legal Domicile

Principal Officer

WILLIE ANDERSON

Phone

4236383926

Tax Period

2023-07-01 to 2024-06-30

COMCARE INC, founded in 1981, is a mid-sized nonprofit in the Diseases & Disorders sector that reported $11.6M in total revenue in fiscal year 2023. Revenue grew 10% year-over-year, indicating healthy expansion. Expenses of $12.9M exceeded revenue, resulting in a 11% operating deficit.

Mission

COMCARE'S MISSION IS TO ENHANCE THE QUALITY OF LIFE FOR PEOPLE WITH DEVELOPMENTAL AND INTELLECTUAL DISABILITIES BY ADVOCATING FOR THEM AND PROVIDING PERSONALIZED TRAINING AND SUPPORT SERVICES THAT ENABLE THEM TO EXERCISE CONTROL OF THEIR LIVES BY HAVING CHOICES ABOUT HOW AND WHERE THEY LIVE, WORK, AND SPEND THEIR LEISURE TIME.

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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 $55,780

Program Service Revenue $11,086,600

Investment Income $436,906

Other Revenue $1,481

TOTAL REVENUE $11,580,767

Expense Breakdown

Grants Paid $0

Salaries & Benefits $10,601,459

Fundraising Expenses $0

Program Expenses $10,687,863

Other Expenses $2,276,097

TOTAL EXPENSES $12,877,556

Year-over-Year Comparison

	2023	2022	Change
Revenue	$11,580,767	$10,516,068	+0.1%
Expenses	$12,877,556	$11,450,115	+0.1%
Net Income	$-1,296,789	$-934,047	+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

208

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

Total Directors

$111,527

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CATHY THOMAS	EXECUTIVE DI	40.00	Director	$109,508	$2,019	$111,527
WILLIE ANDERSON	PRESIDENT	1.00	Officer Director	$0	$0	$0
ANGELA CORDWELL	BOARD MEMBER	1.00	Director	$0	$0	$0
ALAN CORLEY	BOARD MEMBER	1.00	Director	$0	$0	$0
REGIE JONES	BOARD MEMBER	1.00	Director	$0	$0	$0
LORETTA LYLE	BOARD MEMBER	1.00	Director	$0	$0	$0
JESSICA MCKAY	BOARD MEMBER	1.00	Director	$0	$0	$0
WADE MCCAMEY	BOARD MEMBER	1.00	Director	$0	$0	$0
STEPHEN MULHOLLEN	BOARD MEMBER	1.00	Director	$0	$0	$0
BILL RICHARDS	VICE PRESIDE	1.00	Officer Director	$0	$0	$0
RICK TIPTON	SECRETARY	1.00	Officer Director	$0	$0	$0
SUZANNE WILHOIT	BOARD MEMBER	1.00	Director	$0	$0	$0
DAWN WRIGHT	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	No data	No data	No data	No data
2024	$11,580,767	$12,877,556	$7,927,704	$-1,296,789
2023	$10,516,068	$11,450,115	$9,137,301	$-934,047
2022	$10,267,347	$10,378,749	$10,090,748	$-111,402
2021	$9,813,600	$10,329,592	$10,460,848	$-515,992
2020	$10,179,805	$10,300,173	$10,891,908	$-120,368
2019	$10,775,998	$10,364,579	$10,963,579	$411,419

COMCARE INC