CARENET COUNSELING OF MARION (EIN 814539573) - 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

2017

Legal Domicile

Principal Officer

KERRY DAVIS

Phone

8286690125

Tax Period

2023-01-01 to 2023-12-31

CARENET COUNSELING OF MARION, founded in 2017, is a micro nonprofit in the Mental Health sector that reported $44K in total revenue in fiscal year 2023. Revenue fell 83% from the prior year — a significant decline worth monitoring. Expenses of $276K exceeded revenue, resulting in a 521% operating deficit.

Mission

TO IMPROVE THE HEALTH OF THE MIND, BODY, SPIRIT AND COMMUNITY IN MCDOWELL, AVERY, RUTHERFORD, BUNCOMBE, YANCEY, BURKE AND MITCHELL COUNTIES IN NC.

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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 $40,892

Program Service Revenue $0

Investment Income $1,779

Other Revenue $1,729

TOTAL REVENUE $44,400

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $273,382

Other Expenses $275,822

TOTAL EXPENSES $275,822

Year-over-Year Comparison

	2023	2022	Change
Revenue	$44,400	$264,944	-0.8%
Expenses	$275,822	$27,830	+8.9%
Net Income	$-231,422	$237,114	-2.0%

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

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
KERRY DAVIS	PRESIDENT	1.00	Officer Director	$0	$0	$0
NANCY OLIVER-WANAMAKER	SECRETARY	1.00	Officer Director	$0	$0	$0
KEVIN GRIFFEN	TREASURER	1.00	Officer Director	$0	$0	$0
DR MELANIE ORANGE	MEMBER	1.00	Director	$0	$0	$0
DR TOM ATKINSON	MEMBER	1.00	Director	$0	$0	$0
RICARDO GONZALEZ	MEMBER	1.00	Director	$0	$0	$0
MIRIAM JUAREZ-CUSTODIO	MEMBER	1.00	Director	$0	$0	$0
RACHAEL STEWART	MEMBER	1.00	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
2023	$44,400	$275,822	$159,181	$-231,422
2022	$264,944	$27,830	$281,591	$237,114

CARENET COUNSELING OF MARION