GOLDEN CARE EXTENSION INC (EIN 770505676) - 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

2005

Legal Domicile

Phone

4089308180

Tax Period

2019-07-01 to 2020-06-30

GOLDEN CARE EXTENSION INC, founded in 2005, is a small nonprofit that reported $142K in total revenue in fiscal year 2019. Expenses of $184K exceeded revenue, resulting in a 30% operating deficit.

Mission

GCE is a 24 hour/ 7 day a week staff operated residential care facility, licensed to serve developmentally disabled individuals. The purpose of the Golden extension (gce) is to provide support and guidance to all clients which they need to function in a home-like atmosphere and in society as well mannered adults and adolescents, demonstrating appropriate socialization skills. All may be non-ambulatory

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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 (2019)

Revenue Breakdown

Contributions & Grants $142,169

Program Service Revenue $0

Investment Income $44

Other Revenue $0

TOTAL REVENUE $142,213

Expense Breakdown

Grants Paid $0

Salaries & Benefits $35,762

Fundraising Expenses $0

Program Expenses $164,063

Other Expenses $148,543

TOTAL EXPENSES $184,305

Year-over-Year Comparison

	2019	2018	Change
Revenue	$142,213	$147,278	0.0%
Expenses	$184,305	$190,847	0.0%
Net Income	$-42,092	$-43,569	0.0%

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

N/A

Employees

N/A

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	Role	Reportable Comp	Other Comp	Total
MARLENE MATHIS	President	30.00	Officer Director	$0	$0	$0
NERA MCCORMICK	Secretary	0.00	Officer	$0	$0	$0
KENNETH WALKER	Treasurer	0.00	Officer	$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
2020	$142,213	$184,305	$59,800	$-42,092
2019	$147,278	$190,847	$40,301	$-43,569
2018	$188,381	$202,611	$14,619	$-14,230

GOLDEN CARE EXTENSION INC