CARE ACCESS GROUP INC

EIN: 851982192 501(c)(3) Health Care

INDIANAPOLIS, IN

Total Revenue
$5,940,195
Total Expenses
$5,477,514
Total Assets
$1,961,309
Net Assets
$2,365,141
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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
2023
Legal Domicile
IN
Principal Officer
SHVONNE WATSON
Phone
3176200156
Tax Period
2024-01-01 to 2024-12-31

CARE ACCESS GROUP INC, founded in 2023, is a community nonprofit in the Health Care sector that reported $5.9M in total revenue in fiscal year 2024. Revenue surged 52% from the prior year, signaling strong growth momentum. Expenses of $5.5M left a modest 8% surplus.

Mission

TO PROVIDE PERSONAL CARE SERVICES TO THE ELDERLY AND THE SICK IN NEED OF HOME HEALTH CARE.

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $5,940,195
Investment Income $0
Other Revenue $0
TOTAL REVENUE $5,940,195

Expense Breakdown

Grants Paid $15,866
Salaries & Benefits $3,265,711
Fundraising Expenses $0
Program Expenses $4,899,682
Other Expenses $2,195,937
TOTAL EXPENSES $5,477,514

Year-over-Year Comparison

2024 2023 Change
Revenue $5,940,195 $3,920,452 +0.5%
Expenses $5,477,514 $2,748,149 +1.0%
Net Income $462,681 $1,172,303 -0.6%
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

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Governance

Voting Members
1
Independent Members
1
Employees
149
Volunteers
25

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
$146,562
Total Directors
0
$0
Key Employees
1
$146,562
Highest Compensated
1
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
SHVONNE WATSON CHIEF EXECUTIVE OFFICER 040.00
Officer Key Emp Highest
$146,562 $0 $146,562
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 $5,940,195 $5,477,514 $1,961,309 $462,681
2023 $3,920,452 $2,748,149 $943,332 $1,172,303
2022 $966,406 $807,730 $86,133 $158,676
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