CARDEA HEALTH (EIN 870906271) - 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

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

PROVIDE SERVICES FOR LOW-INCOME, MEDICALLY FRAIL POPULATION.

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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 $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

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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

116

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

$716,435

Total Directors

$474,497

Key Employees

Highest Compensated

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

CARDEA HEALTH