INNOVATIVE CARE SOLUTIONS INC (EIN 822880211) - 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

CHAIM POLLAK

Phone

7182081743

Tax Period

2023-01-01 to 2023-12-31

INNOVATIVE CARE SOLUTIONS INC, founded in 2017, is a small nonprofit in the Human Services sector that reported $584K in total revenue in fiscal year 2023. Revenue decreased 9% compared to the prior year.

Mission

THE ORGANIZATION PROVIDES VARIOUS SOCIAL SERVICE PROGRAMS FOR THE BENEFIT OF DISABLED AND SPECIAL NEEDS INDIVIDUALS AS WELL AS HELPING PROMOTE ORTHODOX JEWISH RELIGIOUS EDUCATION.

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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 $584,325

Investment Income $0

Other Revenue $0

TOTAL REVENUE $584,325

Expense Breakdown

Grants Paid $96,269

Salaries & Benefits $369,289

Fundraising Expenses $0

Program Expenses $480,578

Other Expenses $135,002

TOTAL EXPENSES $600,560

Year-over-Year Comparison

	2023	2022	Change
Revenue	$584,325	$642,109	-0.1%
Expenses	$600,560	$671,223	-0.1%
Net Income	$-16,235	$-29,114	-0.4%

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

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

$255,422

Total Directors

$255,422

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CHAIM POLLAK	CEO	40.00	Officer Director	$120,000	$17,251	$137,251
FLORENCE POLLAK	CFO	40.00	Officer Director	$102,000	$16,171	$118,171
RIFKA POLLAK	BOARD MEMBER	3.00	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
2024	No data	No data	No data	No data
2023	$584,325	$600,560	$3,757	$-16,235
2022	$642,109	$671,223	$147	$-29,114
2021	$382,500	$500,757	$20,898	$-118,257
2020	$301,900	$314,810	$139,156	$-12,910

INNOVATIVE CARE SOLUTIONS INC