COVID CLINIC INC

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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

2020

Legal Domicile

Principal Officer

WENDY DAHL

Phone

8582831234

Tax Period

2023-01-01 to 2023-12-31

COVID CLINIC INC, founded in 2020, is a small nonprofit in the Health Care sector that reported $269K in total revenue in fiscal year 2023. Revenue fell 100% from the prior year — a significant decline worth monitoring. Expenses of $14.1M exceeded revenue, resulting in a 5139% operating deficit.

Mission

COVID CLINIC'S MISSION IS TO PROVIDE ESSENTIAL MEDICAL CARE TO COMMUNITIES AND INDIVIDUALS WHO ARE DISADVANTAGED OR UNDERSERVED BY HOSTING FULL SERVICE COVID-19 MOBILE CLINICS TO COMMUNITY MEMBERS NATIONWIDE, AT SAFE AND CONVENIENT LOCATIONS. OUR GOAL IS TO HEAL OUR NATION WITH CARING, COST-EFFECTIVE AND ACCESSIBLE SOLUTIONS TO PREVENT THE SPREAD OF COVID-19.

Program Service Accomplishments

Program 1

Expenses: $3,237,359 Revenue: $2,252,716

COVID CLINIC, INC. BUILDS AND OPERATES MOBILE COVID-19 TESTING SITES THAT ARE AVAILABLE TO INDIVIDUALS WITHOUT A DOCTOR'S REFERRAL. THE MOBILE TESTING SITES HAVE SO FAR ALLOWED MILLIONS OF PEOPLE...

COVID CLINIC, INC. BUILDS AND OPERATES MOBILE COVID-19 TESTING SITES THAT ARE AVAILABLE TO INDIVIDUALS WITHOUT A DOCTOR'S REFERRAL. THE MOBILE TESTING SITES HAVE SO FAR ALLOWED MILLIONS OF PEOPLE ACCESS COVID-19 TESTING WITH QUICK RESULTS HELPING THE WORLDWIDE BATTLE AGAINST THE COVID-19 PANDEMIC. THE FIRST MOBILE TESTING SITE WAS LAUNCHED IN HUNTINGTON BEACH, CA ON APRIL 4, 2020 AND HAS OPERATED SINCE THAT DATE. COVID CLINIC OPERATES AT OVER 150 LOCATIONS THROUGHOUT THE UNITED STATES.

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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 $2,252,716

Investment Income $-2,053,837

Other Revenue $70,189

TOTAL REVENUE $269,068

Expense Breakdown

Grants Paid $0

Salaries & Benefits $2,336,759

Fundraising Expenses $0

Program Expenses $3,237,359

Other Expenses $11,760,032

TOTAL EXPENSES $14,096,791

Year-over-Year Comparison

	2023	2022	Change
Revenue	$269,068	$123,914,289	-1.0%
Expenses	$14,096,791	$146,963,891	-0.9%
Net Income	$-13,827,723	$-23,049,602	-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

Employees

210

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

$205,000

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
N/A	DIRECTOR	1.00		$0	$0	$0
N/A	DIRECTOR	5.00		$0	$0	$0
WENDY DAHL	CHIEF EXECUTIVE OFFICER	40.00	Officer	$205,000	$0	$205,000

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
2023	$269,068	$14,096,791	$5,801,590	$-13,827,723
2022	$123,914,289	$146,963,891	$21,908,968	$-23,049,602
2021	$198,823,036	$201,080,929	$42,754,746	$-2,257,893
2020	$86,902,367	$46,461,032	$42,697,532	$40,441,335