CENTER OF CARE INC (EIN 814190005) - 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

Principal Officer

JOSEPH FIALA

Phone

6143786253

Tax Period

2024-01-01 to 2024-12-31

CENTER OF CARE INC, founded in 2016, is a micro nonprofit in the Health Care sector that reported $27K in total revenue in fiscal year 2024. Revenue grew 16% year-over-year, indicating healthy expansion. Expenses of $30K exceeded revenue, resulting in a 11% operating deficit.

Mission

TO PROVIDE FOR THE MEDICAL AND OTHER NEEDS OF THE POOR AND SICK THROUGH VARIOUS DOMESTIC AND INTERNATIONAL CHARITABLE PROJECTS.

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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 $26,700

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $26,700

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $27,664

Other Expenses $29,520

TOTAL EXPENSES $29,520

Year-over-Year Comparison

	2024	2023	Change
Revenue	$26,700	$22,919	+0.2%
Expenses	$29,520	$34,284	-0.1%
Net Income	$-2,820	$-11,365	-0.8%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
LEONARD BARBE	DIRECTOR	2.00	Director	$0	$0	$0
DONALD BREY	DIRECTOR/SEC	2.00	Officer Director	$0	$0	$0
JOSEPH FIALA	DIRECTOR/TRE	2.00	Officer Director	$0	$0	$0
THERESA KENNY	DIRECTOR	2.00	Director	$0	$0	$0
CHARLES MIFSUD	DIRECTOR	2.00	Director	$0	$0	$0
MICHAEL PARKER	DIRECTOR/CHA	2.00	Officer Director	$0	$0	$0
JASON THOMAS	DIRECTOR/PRE	2.00	Officer 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	$26,700	$29,520	$53,632	$-2,820
2023	$22,919	$34,284	$57,041	$-11,365
2022	$24,090	$36,856	$69,079	$-12,766
2021	$53,529	$38,025	$82,518	$15,504
2020	$60,361	$30,961	$67,788	$29,400
2019	$61,038	$39,476	$39,472	$21,562
2018	$39,395	$45,325	$19,427	$-5,930

CENTER OF CARE INC