MCR Health Foundation Inc (EIN 650852321) - 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

2011

Legal Domicile

Principal Officer

John McKay

Phone

9417132763

Tax Period

2024-01-01 to 2024-12-31

MCR Health Foundation Inc, founded in 2011, is a micro nonprofit in the Health Care sector that reported $30K in total revenue in fiscal year 2024. Revenue surged 72% from the prior year, signaling strong growth momentum. The organization ran a surplus of $5K, a strong 15% operating margin.

Mission

The corporation is organized to expand access to affordable quality health care for underserved individuals and communities and to promote fundamental improvement in the health status of the people in Manatee, Sarasota and DeSoto Counties, Florida.

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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 $0

Program Service Revenue $0

Investment Income $29,761

Other Revenue $0

TOTAL REVENUE $29,761

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $25,153

TOTAL EXPENSES $25,153

Year-over-Year Comparison

	2024	2023	Change
Revenue	$29,761	$17,318	+0.7%
Expenses	$25,153	$359	+69.1%
Net Income	$4,608	$16,959	-0.7%

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

N/A

Volunteers

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

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
John McKay	Chairman	1.00	Officer Director	$0	$0	$0
Walter Presha	Director	1.00	Director	$0	$0	$0
Patrick Carnegie	Director	1.00	Director	$0	$0	$0
Josseph Ganey	Director	1.00	Director	$0	$0	$0
Glabys Jacob	Director	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
2024	$29,761	$25,153	$968,464	$4,608
2023	$419,883	$395	$963,856	$419,488
2022	$105,600	$227,383	$946,548	$-121,783
2021	$49,823	$180,586	$861,500	$-130,763
2020	$64,713	$107,106	$916,936	$-42,393
2019	$144,714	$136,281	$1,010,846	$8,433
2018	$133,797	$64,380	$845,150	$69,417

MCR Health Foundation Inc