GLOBAL CARE OF NEW YORK INC (EIN 710958356) - 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

2002

Legal Domicile

Principal Officer

SONNY OKORIE

Phone

7187762200

Tax Period

2024-01-01 to 2024-12-31

GLOBAL CARE OF NEW YORK INC, founded in 2002, is a small nonprofit in the Health Care sector that reported $172K in total revenue in fiscal year 2024. Revenue surged 160% from the prior year, signaling strong growth momentum. Expenses of $319K exceeded revenue, resulting in a 86% operating deficit.

Mission

PROVIDING QUALITY HOME HEALTH CARE SERVICES, VOCATIONAL /EDUCATION TRAINING, SENIOR CITIZENS SERVICES, HIV/AIDES AND HOUSING TO IMPROVE AND DIGNIFY PEOPLES LIVE

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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 $0

Other Revenue $171,804

TOTAL REVENUE $171,804

Expense Breakdown

Grants Paid $0

Salaries & Benefits $213,096

Fundraising Expenses $0

Program Expenses $319,135

Other Expenses $106,039

TOTAL EXPENSES $319,135

Year-over-Year Comparison

	2024	2023	Change
Revenue	$171,804	$65,984	+1.6%
Expenses	$319,135	N/A	N/A
Net Income	$-147,331	$65,984	-3.2%

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

N/A

Independent Members

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Reportable Comp	Other Comp	Total
VICTOR ALKUELE	MEMBER	001.00	$0	$0	$0
COSMOS ANYANWU	TREASURER	001.00	$0	$0	$0
FRANCIS ELOI	SECREATARY	001.00	$0	$0	$0
SONNY OKORIE	PRESIDENT	040.00	$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	$171,804	$319,135	$361,087	$-147,331
2023	$65,984	$282,112	$468,417	$-216,128
2023	$15,930	$282,112	$418,364	$-266,182
2022	$14,405	$285,661	$507,022	$-271,256
2021	$196,087	$377,449	$778,278	$-181,362
2020	$500,163	$523,561	$1,030,860	$-23,398
2019	$4,658,219	$4,622,230	$1,054,258	$35,989
2018	$4,125,467	$3,811,155	$1,018,269	$314,312

GLOBAL CARE OF NEW YORK INC