INITIUM CARES (EIN 842561426) - 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

JAMES CORBETT

Phone

3039288511

Tax Period

2024-01-01 to 2024-12-31

Mission

IN 2019, INITIUM HEALTH ESTABLISHED ITS NONPROFIT ARM, INITIUM CARES, TO PROVIDE INFRASTRUCTURE SUPPORT TO COMMUNITIES SEEKING TO ADDRESS STRUCTURAL BARRIERS TO THEIR SAFETY, HEALTH, AND WELLBEING. AS A FISCAL SPONSOR, INITIUM CARES LEVERAGES THE ACUMEN OF ITS FOR-PROFIT ARM TO HELP IMPROVE THE EFFICACY OF THOSE WITH LIVED EXPERIENCES SEEKING TO SELF-ORGANIZE TO IMPROVE THE CONDITIONS WITHIN THEIR COMMUNITIES. INITIUM CARES PROVIDES THE BACK-OFFICE SERVICES TO COMMUNITY-BASED ORGANIZATIONS FREEING THEM UP TO FOCUS ON THEIR MISSION DRIVEN ACTIVITIES. INITIUM CARES IS SEEKING TO MOVE DEEPER INTO THE COMMUNITIES MOST IMPACTED BY THE INEQUITIES GIVING THEM THE STRUCTURAL FOUNDATION UPON WHICH TO AMPLIFY THEIR VOICE AND GROW THEIR PROGRAMS. WE ARE COMMITTED TO REDUCING HEALTH INEQUITIES TO IMPROVE HUMAN HEALTH, BUT WE KNOW THAT WE NEED THE COMMUNITY TO HELP US REACH OUR GOALS. INITIUM CARES AIMS TO ADDRESS THE SOCIAL DETERMINANTS OF HEALTH THROUGH THE USE OF HEALTH INFORMATICS, BEHAVIORAL H

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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 $0

TOTAL REVENUE $0

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $139

Other Expenses $139

TOTAL EXPENSES $139

Year-over-Year Comparison

	2024	2023	Change
Revenue	N/A	N/A	N/A
Expenses	$139	$2,484	-0.9%
Net Income	N/A	$-2,484	N/A

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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JAMES CORBETT	OFFICER	N/A	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	No data	$139	$209	No data
2023	No data	$2,484	$348	No data
2022	$380,097	$563,310	$215,084	$-183,213
2021	$923,537	$668,456	$255,081	$255,081

INITIUM CARES