CORE HEALTH (EIN 822081669) - 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

DAVID SPURGEON

Phone

3603555660

Tax Period

2021-07-01 to 2022-06-30

CORE HEALTH, founded in 2017, is a mid-sized nonprofit in the Mental Health sector that reported $12.7M in total revenue in fiscal year 2021. Revenue grew 13% year-over-year, indicating healthy expansion. The organization ran a surplus of $2.2M, a strong 17% operating margin.

Mission

TO PROVIDE COMPREHENSIVE, INTEGRATED BEHAVIORAL HEALTH SERVICES THAT PROMOTE THE HEALTH AND QUALITY OF LIFE. STRIVE TO CREATE AND MAINTAIN AN ENVIRONMENT THAT IS WARM AND WELCOMING, VALUES DIVERSITY AND DIFFERENCE, PROVIDES SAFETY, AND PROMOTES WHOLE HEALTH BY SUPPORTING INDIVIDUALS AND FAMILIES ALONG THEIR RECOVERY JOURNEY.

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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 (2021)

Revenue Breakdown

Contributions & Grants $12,622,681

Program Service Revenue $0

Investment Income $3,287

Other Revenue $45,184

TOTAL REVENUE $12,671,152

Expense Breakdown

Grants Paid $0

Salaries & Benefits $8,187,440

Fundraising Expenses $0

Program Expenses $10,344,240

Other Expenses $2,301,796

TOTAL EXPENSES $10,489,236

Year-over-Year Comparison

	2021	2020	Change
Revenue	$12,671,152	$11,212,639	+0.1%
Expenses	$10,489,236	$8,814,713	+0.2%
Net Income	$2,181,916	$2,397,926	-0.1%

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

184

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

$92,920

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ERIC MCCRANDALL	PRESIDENT	2.00	Officer Director	$0	$0	$0
DAVID SPURGEON	TREASURER	2.00	Officer Director	$0	$0	$0
ANNE METTE SMEENK	DIRECTOR	1.00	Director	$0	$0	$0
DAVE RODMAN	DIRECTOR	1.00	Director	$0	$0	$0
KYLE BEASLEY	DIRECTOR	1.00	Director	$0	$0	$0
WAYNE VAN HAMME	DIRECTOR	1.00	Director	$0	$0	$0
GEORGE OTANEZ	DIRECTOR	1.00	Director	$0	$0	$0
BRIAN LOOS	DIRECTOR	1.00	Director	$0	$0	$0
FRANK MORRISON	EXECUTIVE DI	40.00	Officer	$92,920	$0	$92,920

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
2025	No data	No data	No data	No data
2024	No data	No data	No data	No data
2022	$12,671,152	$10,489,236	$10,335,558	$2,181,916
2021	$11,602,639	$9,204,716	$7,990,853	$2,397,923
2020	$7,886,792	$5,943,637	$3,526,040	$1,943,155
2019	$4,371,165	$3,539,927	$1,117,626	$831,238
2018	$2,304,921	$2,227,054	$395,886	$77,867

CORE HEALTH