ZIMAC CARE CENTER INC

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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

1999

Legal Domicile

Principal Officer

Lucius Akuchie

Phone

7132727004

Tax Period

2024-10-01 to 2025-09-30

ZIMAC CARE CENTER INC, founded in 1999, is a small nonprofit in the Human Services sector that reported $917K in total revenue in fiscal year 2024. Revenue fell 25% from the prior year — a significant decline worth monitoring.

Mission

Provide quality care to mentally handicapped individuals

Program Service Accomplishments

Program 1

Expenses: $912,449 Revenue: $917,208

Provided room and board, Dayhabilitation to 12 mentally handicapped

Program 2

Expenses: $0 Revenue: $0

No second program

Program 3

Expenses: $0 Revenue: $0

No third program

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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 $917,208

Investment Income $0

Other Revenue $0

TOTAL REVENUE $917,208

Expense Breakdown

Grants Paid $0

Salaries & Benefits $534,789

Fundraising Expenses $0

Program Expenses $912,449

Other Expenses $377,660

TOTAL EXPENSES $912,449

Year-over-Year Comparison

	2024	2023	Change
Revenue	$917,208	$1,230,900	-0.3%
Expenses	$912,449	$1,182,726	-0.2%
Net Income	$4,759	$48,174	-0.9%

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

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

$47,500

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Lucius Akuchie	Executive Director	20	Officer	$47,500	$0	$47,500
Festus Okere	Chairman	0	Director	$0	$0	$0
Finbar Mmegwa	Secretary	0	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	$917,208	$912,449	$56,710	$4,759
2024	$1,230,900	$1,182,726	$52,988	$48,174
2023	$1,016,055	$922,156	$33,899	$93,899
2022	$740,940	$785,638	$21,147	$-44,698
2021	$786,984	$754,069	$5,901	$32,915
2020	$756,230	$700,861	$53,287	$55,369