HealthCore QALICB Inc (EIN 812554036) - 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

2016

Legal Domicile

Phone

3166910249

Tax Period

2023-01-01 to 2023-12-31

HealthCore QALICB Inc, founded in 2016, is a community nonprofit in the Health Care sector that reported $9.5M in total revenue in fiscal year 2023. Revenue surged 3245% from the prior year, signaling strong growth momentum. The organization ran a surplus of $8.8M, a strong 93% operating margin.

Mission

PROVIDE SUPPORT FOR THE HEALTHCORE CLINIC, INC.

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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 (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $143,500

Investment Income $0

Other Revenue $9,393,453

TOTAL REVENUE $9,536,953

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $468,077

Other Expenses $700,500

TOTAL EXPENSES $700,500

Year-over-Year Comparison

	2023	2022	Change
Revenue	$9,536,953	$285,143	+32.4%
Expenses	$700,500	$920,100	-0.2%
Net Income	$8,836,453	$-634,957	-14.9%

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

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

$248,166

Total Directors

$256,600

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
N/A	BOARD MEMBER & PRESIDENT	0.5	Officer Director	$0	$21,174	$248,166
N/A	Board Chairman	0.5	Officer Director	$0	$0	$0
N/A	Board Member	0.5	Director	$0	$0	$8,434

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	No data	No data	No data	No data
2023	$9,536,953	$700,500	$6,405,053	$8,836,453
2022	$285,143	$920,100	$7,271,444	$-634,957
2021	$236,831	$935,311	$7,844,526	$-698,480
2020	$287,000	$950,839	$8,481,132	$-663,839
2019	$287,000	$966,378	$9,083,096	$-679,378
2018	$287,000	$968,542	$9,700,600	$-681,542

HealthCore QALICB Inc