CHESTNUT HEALTH QALICB INC (EIN 825494819) - 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

Principal Officer

DAVID SHARAR

Phone

3098276026

Tax Period

2024-07-01 to 2025-06-30

CHESTNUT HEALTH QALICB INC, founded in 2018, is a small nonprofit in the Health Care sector that reported $372K in total revenue in fiscal year 2024. Expenses of $688K exceeded revenue, resulting in a 85% operating deficit.

Mission

TO OPERATE, AS A CORPORATION EXEMPT FROM FEDERAL INCOME TAX UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE, AS AMENDED, EXCLUSIVELY FOR THE BENEFIT OF, TO PERFORM THE FUNCTIONS OF, AND TO CARRY OUT THE PURPOSES OF CHESTNUT HEALTH SYSTEMS, INC.

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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 $0

Program Service Revenue $0

Investment Income $0

Other Revenue $371,800

TOTAL REVENUE $371,800

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $682,762

Other Expenses $687,777

TOTAL EXPENSES $687,777

Year-over-Year Comparison

	2024	2023	Change
Revenue	$371,800	$362,950	+0.0%
Expenses	$687,777	$619,042	+0.1%
Net Income	$-315,977	$-256,092	+0.2%

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

$1,742,321

Total Directors

$1,742,321

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DAVID SHARAR	CHAIR OF THE BOARD	1.00	Officer Director	$0	$55,544	$757,361
PUNEET LEEKHA	VICE-CHAIR OF THE BOARD	1.00	Officer Director	$0	$103,315	$482,163
KAREN RETTICK	TREASURER	1.00	Officer Director	$0	$82,346	$502,797
ALAN SENDER	SECRETARY	1.00	Officer Director	$0	$0	$0
AARON QUICK	DIRECTOR	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
2025	$371,800	$687,777	$5,984,188	$-315,977
2024	$362,950	$619,042	$6,249,522	$-256,092
2023	$352,400	$609,962	$6,500,063	$-257,562
2022	$340,150	$598,027	$6,752,074	$-257,877
2021	$330,200	$597,004	$7,004,401	$-266,804
2020	$226,491	$1,090,779	$7,255,940	$-864,288

CHESTNUT HEALTH QALICB INC