Variety Care Foundation Inc (EIN 730580273) - 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

2009

Legal Domicile

Phone

4056326688

Tax Period

2024-07-01 to 2025-06-30

Variety Care Foundation Inc, founded in 2009, is a community nonprofit in the Health Care sector that reported $1.4M in total revenue in fiscal year 2024. Revenue fell 55% from the prior year — a significant decline worth monitoring. Expenses of $1.3M left a modest 6% surplus.

Mission

TO RAISE PHILANTHROPIC SUPPORT AND AWARENESS FOR VARIETY CARE, INC. (A FEDERALLY QUALIFIED HEALTH CENTER, EIN 73-1088577) BY BUILDING COMMUNITY INVOLVEMENT. GIFTS TO THE FOUNDATION ENABLE VARIETY CARE TO CARRY OUT ITS MISSION TO SERVE OUR COMMUNITY THROUGH ACCESSIBLE AND AFFORDABLE HEALTH CARE.

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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 $1,368,950

Program Service Revenue $0

Investment Income $59,390

Other Revenue $-27,836

TOTAL REVENUE $1,400,504

Expense Breakdown

Grants Paid $1,260,525

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $1,270,450

Other Expenses $60,814

TOTAL EXPENSES $1,321,339

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,400,504	$3,144,320	-0.6%
Expenses	$1,321,339	$3,126,066	-0.6%
Net Income	$79,165	$18,254	+3.3%

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

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

$2,704,224

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JACKSON LISLE	BOARD CHAIR	1.0	Officer Director	$0	$0	$0
LATASHA TIMBERLAKE	BOARD SECRETARY BEG 04/25	1.0	Officer Director	$0	$0	$0
LOUIS ALMARAZ	BOARD TREASURER	1.0	Officer Director	$0	$0	$0
TINA BIARD	BOARD SECRETARY END 01/25	1.0	Officer Director	$0	$0	$0
ALEY CRISTELLI	BOARD MEMBER	1.0	Director	$0	$0	$0
AMY DUNN	BOARD MEMBER	1.0	Director	$0	$0	$0
BILL HAYCRAFT	BOARD MEMBER	1.0	Director	$0	$0	$0
CLARK WILSON	BOARD MEMBER	1.0	Director	$0	$0	$0
COURTNEY WILLIS	BOARD MEMBER	1.0	Director	$0	$0	$0
DR CLIFF THOMAS	BOARD MEMBER	1.0	Director	$0	$0	$0
HILARY BROOKINS	BOARD MEMBER	1.0	Director	$0	$0	$0
JACQUELYN BERNEY	BOARD MEMBER	1.0	Director	$0	$0	$0
JENS HOLMBOE	BOARD MEMBER BEG 10/24	1.0	Director	$0	$0	$0
JOHN STUEMKY MD	BOARD MEMBER	1.0	Director	$0	$0	$0
JUSTIN GROSE	BOARD MEMBER	1.0	Director	$0	$0	$0
LEIGH ANN ALBERS	BOARD MEMBER	1.0	Director	$0	$0	$0
LOGON COLLINS	BOARD MEMBER END 10/24	1.0	Director	$0	$0	$0
MARK GAUTREAUX	BOARD MEMBER	1.0	Director	$0	$0	$0
MARNA ASBURY	BOARD MEMBER	1.0	Director	$0	$0	$0
MOLLIE LOVERA	BOARD MEMBER	1.0	Director	$0	$0	$0
PAUL PORTER	BOARD MEMBER BEG 10/24	1.0	Director	$0	$0	$0
SHAYE MATTHEWS	BOARD MEMBER	1.0	Director	$0	$0	$0
LONNIE RICE	CHIEF FINANCIAL OFFICER BEG 08/24	1.0	Officer	$0	$58,660	$1,847,271
LOU CARMICHAEL	CEO	1.0	Officer	$0	$52,234	$856,953

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	$1,400,504	$1,321,339	$2,383,305	$79,165
2024	$3,144,320	$3,126,066	$2,330,356	$18,254
2023	$1,537,018	$1,251,178	$2,331,547	$285,840
2022	$1,565,597	$1,732,413	$1,840,631	$-166,816
2021	$1,276,342	$1,406,708	$2,068,349	$-130,366
2020	$1,750,279	$2,351,924	$2,190,616	$-601,645

Variety Care Foundation Inc