ZIMAC CARE CENTER INC

EIN: 760606691 501(c)(3) Human Services

Houston, TX

Total Revenue
$1,230,900
Total Expenses
$1,182,726
Total Assets
$52,988
Net Assets
$49,920
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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
TX
Principal Officer
Lucius Akuchie
Phone
7132727004
Tax Period
2023-10-01 to 2024-09-30

ZIMAC CARE CENTER INC, founded in 1999, is a community nonprofit in the Human Services sector that reported $1.2M in total revenue in fiscal year 2023. Revenue surged 21% from the prior year, signaling strong growth momentum. Expenses of $1.2M left a modest 4% surplus.

Mission

Provide quality care for the mentally handicapped

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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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $1,230,900
Investment Income $0
Other Revenue $0
TOTAL REVENUE $1,230,900

Expense Breakdown

Grants Paid $0
Salaries & Benefits $425,736
Fundraising Expenses $0
Program Expenses $995,515
Other Expenses $756,990
TOTAL EXPENSES $1,182,726

Year-over-Year Comparison

2023 2022 Change
Revenue $1,230,900 $1,016,055 +0.2%
Expenses $1,182,726 $922,156 +0.3%
Net Income $48,174 $93,899 -0.5%
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

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Governance

Voting Members
3
Independent Members
3
Employees
22
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
1
$60,000
Total Directors
0
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Lucius Akuchie Executive Director 20
Officer
$60,000 $0 $60,000
Festus Okere Chairman 0
$0 $0 $0
Finbar Mmegwa Secretary 0
$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 $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
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