Garfield Health Center (EIN 760733752) - 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

2003

Legal Domicile

Phone

6263077397

Tax Period

2024-01-01 to 2024-12-31

Garfield Health Center, founded in 2003, is a mid-sized nonprofit in the Health Care sector that reported $23.9M in total revenue in fiscal year 2024. Revenue grew 9% year-over-year, indicating healthy expansion. Expenses of $22.5M left a modest 6% surplus.

Mission

The organization is a community health center that provides comprehensive, culturally-competent, quality primary health care to medically underserved and vulnerable individuals and families.

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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 $1,224,597

Program Service Revenue $22,042,966

Investment Income $677,520

Other Revenue $0

TOTAL REVENUE $23,945,083

Expense Breakdown

Grants Paid $2,000,000

Salaries & Benefits $10,971,149

Fundraising Expenses $0

Program Expenses $19,398,304

Other Expenses $9,568,465

TOTAL EXPENSES $22,539,614

Year-over-Year Comparison

	2024	2023	Change
Revenue	$23,945,083	$21,993,926	+0.1%
Expenses	$22,539,614	$17,635,811	+0.3%
Net Income	$1,405,469	$4,358,115	-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

177

Volunteers

110

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

$1,268,387

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Dr Francis Yu	CEO	040.00	Officer	$388,261	$256,140	$644,401
Lionel Yu	COO	040.00	Officer	$314,760	$29,079	$343,839
Nina Tai	Nurse Practioner	040.00	Highest	$279,058	$16,677	$295,735
Jamie Thai	CFO	040.00	Officer	$240,024	$40,123	$280,147
Lynn J Xu	Nurse Practitioner	040.00	Highest	$190,617	$16,515	$207,132
Abby Fung	Nurse Practitioner	040.00	Highest	$172,579	$15,549	$188,128
Darren Sham	Pediatrician	040.00	Highest	$164,977	$13,757	$178,734
Wenni Yin	Nurse Practioner	040.00	Highest	$156,358	$12,658	$169,016
Alice Wu	VP-Finance	040.00	Highest	$154,981	$13,266	$168,247
Dr Lionel Ng	Chairman	002.00	Officer Director	$0	$0	$0
Anne Chu Hsueh Liu	Vice-Chairman	002.00	Director	$0	$0	$0
Maggie Ching Wen Lee	Secretary	002.00	Officer Director	$0	$0	$0
James Yung	Treasurer	002.00	Officer Director	$0	$0	$0
George Zong-Hao Zhang	Board Member	001.00	Director	$0	$0	$0
Gigi Gu	Board Member	001.00	Director	$0	$0	$0
Sonya Lohay	Board Member	001.00	Director	$0	$0	$0
Alice Zhang	Board Member	001.00	Director	$0	$0	$0
Hui Xie	Board Member	001.00	Director	$0	$0	$0
Yang Hui Shu	Board Member	001.00	Director	$0	$0	$0
Jessica Hu	Board Member	001.00	Director	$0	$0	$0
Pearl Pi-Chu	Board Member	001.00	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	$23,945,083	$22,539,614	$38,265,746	$1,405,469
2023	$21,993,926	$17,635,811	$36,414,884	$4,358,115
2022	$18,232,071	$22,174,511	$33,216,837	$-3,942,440
2021	$15,725,161	$12,763,629	$24,908,489	$2,961,532
2020	$13,809,212	$10,180,120	$21,642,885	$3,629,092
2019	$11,461,991	$8,663,063	$16,109,434	$2,798,928
2018	$10,490,816	$7,044,078	$12,786,329	$3,446,738

Garfield Health Center