Carl Bean Mens Health and Wellness Center Inc (EIN 823428543) - 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

2018

Legal Domicile

Phone

4046093197

Tax Period

2024-01-01 to 2024-12-31

Carl Bean Mens Health and Wellness Center Inc, founded in 2018, is a small nonprofit in the Health Care sector that reported $823K in total revenue in fiscal year 2024. Revenue surged 27% from the prior year, signaling strong growth momentum.

Mission

To promote the physical mental and emotional well-being of black gay men by providing accessible and culturally-competent healthcare services and preventive measures while fostering a sense of community and empowerment within the Black gay mens community.

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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 $821,410

Program Service Revenue $1,271

Investment Income $0

Other Revenue $0

TOTAL REVENUE $822,681

Expense Breakdown

Grants Paid $0

Salaries & Benefits $400,471

Fundraising Expenses $0

Program Expenses $853,706

Other Expenses $453,275

TOTAL EXPENSES $853,746

Year-over-Year Comparison

	2024	2023	Change
Revenue	$822,681	$648,353	+0.3%
Expenses	$853,746	$690,061	+0.2%
Net Income	$-31,065	$-41,708	-0.3%

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

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
Doug Gardiner	Secretary	2.00	Officer	$0	$0	$0
Charmika Spencer	Member	2.00	Officer	$0	$0	$0
Antonio Jones JD	Member	2.00	Officer	$0	$0	$0
Justin Rush JD	Member	2.00	Officer	$0	$0	$0
Rudolph Carn	President Chair	2.00	Officer	$0	$0	$0
Evelyn Williams	Member	2.00	Officer	$0	$0	$0
Joseph Powell	Treasurer	2.00	Officer	$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	$822,681	$853,746	$294,088	$-31,065
2023	$648,353	$690,061	$88,445	$-41,708
2022	$341,220	$534,897	$149,326	$-193,677
2021	$874,397	$866,222	$338,028	$8,175
2020	$828,835	$706,004	$294,309	$122,831

Carl Bean Mens Health and Wellness Center Inc