CARDEA HEALTH

EIN: 870906271 501(c)(3) Human Services

OAKLAND, CA

Total Revenue
$13,013,525
Total Expenses
$10,610,228
Total Assets
$13,078,074
Net Assets
$8,280,235
🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Sign In — Free (10 views/day)

Financial Trends

Organization Details

Formation Year
2021
Legal Domicile
CA
Principal Officer
ALEXIS CHETTIAR
Phone
5102078622
Tax Period
2024-01-01 to 2024-12-31

CARDEA HEALTH, founded in 2021, is a mid-sized nonprofit in the Human Services sector that reported $13.0M in total revenue in fiscal year 2024. Revenue surged 28% from the prior year, signaling strong growth momentum. The organization ran a surplus of $2.4M, a strong 18% operating margin.

Mission

CARDEA HEALTH IS A NONPROFIT HEALTHCARE ORGANIZATION FOUNDED TO CONNECT MARGINALIZED POPULATIONS TO THE CLINICAL AND SUPPORTIVE SERVICES THEY NEED TO IMPROVE THEIR HEALTH, REMAIN STABLY HOUSED IN THEIR COMMUNITY, AND AGE IN PLACE. CARDEA HEALTH'S PROGRAMS FILL A CRITICAL - AND GROWING - GAP IN THE SYSTEM OF CARE.

Program Service Accomplishments

Program 1
Expenses: $9,559,451 Revenue: $11,816,001

Medical Respite Care - Medical respite care is acute and post-acute care for people experiencing homelessness who are too ill or frail to recover from an illness or injury on the streets or in a...

Read more

Medical Respite Care - Medical respite care is acute and post-acute care for people experiencing homelessness who are too ill or frail to recover from an illness or injury on the streets or in a shelter, but who do not require hospital level care. The 34 bed Fairmont Tiny Homes program officially opened in August of 2021, offering a mix of 15 beds reserved for respite care and 19 units for transitional housing, all designated for the unhoused population of mid and unincorporated Alameda County. Since opening, the Organization has provided nursing services and support to over 100 individuals needing to recuperate from everything from minor surgery to malignant cancer. The program accepts referrals from local hospitals and street medicine teams that conduct outreach to the unhoused population. Eddie's Place located in Oakland opened in May 2023 and provides 61 units of medical respite beds. Alameda County Homekey Program - The Alameda County Project Homekey program, located in East Oakland, is a 240 bed Permanent Supportive Housing program for formerly homeless individuals and are home to people who have experienced chronic homelessness and require clinical support to live in Permanent Supportive Housing. The Organization provides enhanced on-site clinical services that allow medically frail individuals to live successfully in a community-based setting through the end of their life, regardless of how their care needs change over time. The Homekey locations are now home to over 60 formerly homeless individuals who would otherwise be at risk of institutionalization due to advanced medical conditions or disability. The Organization is working to expand the program so that no one who is unhoused and severely ill should have to choose between living on the street or living in an institution. Cardea Home Health - The Organization operates a licensed home health agency under a management agreement for the purpose of providing home health services to unsheltered individuals and people coming out of homelessness. Cardea Home Health services are Medicaid and Medicare certified, and include occupation and physical therapy, as well as nursing services. The Organization strives to provide services that homeless individuals are often excluded from because they are unhoused. Lake Merritt Lodge - The Organization provides nursing support and personal care services at Lake Merritt Lodge, an emergency shelter operated by the City of Oakland and Housing Consortium of the East Bay ("HCEB"). Services are focused on supporting and strengthening resident relationships with primary and specialty care services offered by community clinics and prepare residents to manage their medical needs independently upon the transition to permanent housing.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Sign In — Free (10 views/day)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $1,114,724
Program Service Revenue $11,766,001
Investment Income $82,800
Other Revenue $50,000
TOTAL REVENUE $13,013,525

Expense Breakdown

Grants Paid $0
Salaries & Benefits $6,520,442
Fundraising Expenses $0
Program Expenses $9,559,451
Other Expenses $4,089,786
TOTAL EXPENSES $10,610,228

Year-over-Year Comparison

2024 2023 Change
Revenue $13,013,525 $10,159,493 +0.3%
Expenses $10,610,228 $6,167,214 +0.7%
Net Income $2,403,297 $3,992,279 -0.4%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Sign In

Governance

Voting Members
8
Independent Members
6
Employees
116
Volunteers
4

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
6
$716,435
Total Directors
8
$474,497
Key Employees
0
$0
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
LYNN KESLAR CAO 40.0
Officer
$228,800 $13,138 $241,938
CATHERINE HAYES COO/Co-Founder 40.0
Officer Director
$228,800 $8,475 $237,275
ALEXIS CHETTIAR CEO/CO-FOUNDER 40.0
Officer Director
$228,800 $8,422 $237,222
Elizabeth Torkington Director of Nursing 40.0
Highest
$145,344 $8,553 $153,897
Isha Jethi Director of New Programs 40.0
Highest
$125,982 $27,608 $153,590
KAREN COOPER NURSE SUPERVISOR 40.0
Highest
$142,342 $11,236 $153,578
Margaret Oneill Program Director 40.0
Highest
$139,398 $9,705 $149,103
Natalie Woods Nurse Manager 40.0
Highest
$127,807 $11,445 $139,252
HAROLD BROOKS PRESIDENT (Start 5/24) 0.25
Officer Director
$0 $0 $0
KARIE DEWAN Treasurer 0.5
Officer Director
$0 $0 $0
LENORE MACDONALD SECRETARY 0.25
Officer Director
$0 $0 $0
BRANDIE TALIANO AT LARGE 0.25
Director
$0 $0 $0
HARRISON ALTER Director 0.25
Director
$0 $0 $0
Koren Stevenson JD AT LARGE (Start 5/24) 0.25
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 $13,013,525 $10,610,228 $13,078,074 $2,403,297
2023 $10,159,493 $6,167,214 $6,896,378 $3,992,279
2022 $3,827,896 $2,301,988 $2,563,943 $1,525,908
2021 $872,765 $553,552 $502,532 $319,213
Explore More Nonprofits
Top 100 Nonprofits in California Largest U.S. Nonprofits Best Rated Nonprofits Most Efficient Nonprofits

Compare CARDEA HEALTH with other nonprofits in California and across the country.