CHIKARE HEALTH SERVICES INC (EIN 833895922) - 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

2019

Legal Domicile

Principal Officer

KANAYO K ODELUGA

Phone

2196775526

Tax Period

2024-01-01 to 2024-12-31

CHIKARE HEALTH SERVICES INC, founded in 2019, is a small nonprofit in the Health Care sector that reported $280K in total revenue in fiscal year 2024. Revenue decreased 9% compared to the prior year. Expenses of $249K left a modest 11% surplus.

Mission

PROVIDE QUALITY MEDICAL CARE TO LOW INCOME MARGINALIZED INDIVIDUALS IN LOW INCOME AREAS OF INDIANA.

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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 $280,347

Investment Income $0

Other Revenue $0

TOTAL REVENUE $280,347

Expense Breakdown

Grants Paid $0

Salaries & Benefits $133,236

Fundraising Expenses $0

Program Expenses $249,491

Other Expenses $106,609

TOTAL EXPENSES $249,491

Year-over-Year Comparison

	2024	2023	Change
Revenue	$280,347	$307,290	-0.1%
Expenses	$249,491	$275,481	-0.1%
Net Income	$30,856	$31,809	0.0%

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

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

$24,750

Total Directors

Key Employees

$52,700

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KANAYO K ODELUGA	PRESIDENT/CHAIRMAN/MD	20.00	Officer Key Emp	$15,750	$0	$15,750
CHINYERE ODELUGA	CHIEF MEDICAL OFFICER/MD	20.00	Officer Key Emp	$9,000	$0	$9,000
IRENE ODELUGA	CLINIC/PRACTICE MANAGER	20.00	Key Emp	$27,950	$0	$27,950

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	$280,347	$249,491	$62,665	$30,856
2023	No data	No data	No data	No data
2023	$307,290	$275,481	$31,809	$31,809
2022	$347,281	$283,920	$62,827	$63,361
2021	$389,023	$358,518	$36,925	$30,505

CHIKARE HEALTH SERVICES INC