SOLVERA HEALTHCARE CENTER INC (EIN 862788917) - 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

2021

Legal Domicile

Principal Officer

PATRICK J CAPLIS

Phone

3094539052

Tax Period

2023-01-01 to 2023-12-31

SOLVERA HEALTHCARE CENTER INC, founded in 2021, is a community nonprofit in the Health Care sector that reported $4.0M in total revenue in fiscal year 2023. Revenue surged 44% from the prior year, signaling strong growth momentum. Expenses of $9.0M exceeded revenue, resulting in a 124% operating deficit.

Mission

TO PROVIDE HEALTH CARE SERVICES TO THE RESIDENTS IN THE COMMUNITY IT SERVES.

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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 $3,117,655

Investment Income $0

Other Revenue $889,011

TOTAL REVENUE $4,006,666

Expense Breakdown

Grants Paid $0

Salaries & Benefits $5,483,820

Fundraising Expenses $0

Program Expenses $7,770,583

Other Expenses $3,506,054

TOTAL EXPENSES $8,989,874

Year-over-Year Comparison

	2023	2022	Change
Revenue	$4,006,666	$2,774,680	+0.4%
Expenses	$8,989,874	$6,594,265	+0.4%
Net Income	$-4,983,208	$-3,819,585	+0.3%

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

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

$355,206

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ROBIN HENRY	COO	40.00	Officer	$133,539	$0	$133,539
FAITH M CAPLIS	CFO	40.00	Officer	$119,999	$0	$119,999
PATRICK J CAPLIS	CEO	40.00	Officer	$96,000	$3,360	$99,360
ZAHIDA MUGHAL	CMO	5.00	Officer	$2,308	$0	$2,308
JEFFREY GENGENBACH	TRUSTEE	0.50	Director	$0	$0	$0
ANN JOHNSTON	TRUSTEE	1.00	Director	$0	$0	$0
ALISON KEMPTHORNE	TRUSTEE	0.50	Director	$0	$0	$0
DAN KERNS	TRUSTEE	0.50	Director	$0	$0	$0
SARAI MARCHAN	SECRETARY	0.50	Officer Director	$0	$0	$0
MIKE MILLER	TREASURER	1.00	Officer Director	$0	$0	$0
JERRY MITCHELL	TRUSTEE	1.00	Director	$0	$0	$0
ALEXANDER SHAW	TRUSTEE	0.50	Director	$0	$0	$0
DOUG SHAW	CHAIR	1.00	Officer Director	$0	$0	$0
MARY WEYENETH	TRUSTEE	0.50	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
2024	No data	No data	No data	No data
2023	$4,006,666	$8,989,874	$509,991	$-4,983,208
2022	$2,774,680	$6,594,265	$1,534,408	$-3,819,585
2021	$343,849	$1,404,931	$337,544	$-1,061,082

SOLVERA HEALTHCARE CENTER INC