Elica Support Corporation II

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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

Tatyana Bak

Phone

9165698484

Tax Period

2023-01-01 to 2023-12-31

Elica Support Corporation II, founded in 2021, is a micro nonprofit in the Health Care sector that reported $59K in total revenue in fiscal year 2023. Revenue fell 98% from the prior year — a significant decline worth monitoring. Expenses of $500K exceeded revenue, resulting in a 746% operating deficit.

Mission

Elica Support Corp II leases the clinic at 1750 Wright Street and 2400 Glendale Lane to Elica Health Centers (Elica).Elica is a Federally Qualified Health Center (FQHC) with over 20 years of experience providing integrated primary medical care, dental/oral care, behavioral/mental healthcare, and other services (e.g., podiatry; on-site pharmacy) annually to tens of thousands of low-income, vulnerable populations. In 2022, nearly all of Elica's 49,925 patients were low-income (e.g., live in households at or below 200% of the Federal Poverty Level), and over 56% were Persons of Color. Fifty-five percent of our patients were women, and almost 10% of our total patients were over age 65. In 2022, Elica continued building our 11th fixed-location health center at 2400 Glendale Lane in Sacramento that is only yards away from our existing clinic at 1750 Wright Street in Sacramento. Both clinic sites are now part of a healthcare campus which will provide conveniently located primary medical care,

Program Service Accomplishments

Program 1

Expenses: $337,896

Elica Support Corp II leases the clinics at 1750 Wright Street and 2400 Glendale Lane to Elica Health Centers (Elica). Elica is a Federally Qualified Health Center (FQHC) with over 21 years of...

Elica Support Corp II leases the clinics at 1750 Wright Street and 2400 Glendale Lane to Elica Health Centers (Elica). Elica is a Federally Qualified Health Center (FQHC) with over 21 years of experience providing to the underserved in the area. Elica Arden Arcade Glendale Clinic: Primary Medical Care (e.g., wellness exams; chronic disease management; vaccinations); Behavioral/Mental Healthcare (including, but not limited to: psychiatry, medication assisted treatment for patients with substance use disorder, depression screening, counseling, etc.); Podiatry; On-Site Pharmaceutical Services (in partnership with Innova Pharmacy). Elica's Glendale Lane primary care medical clinic served 8,899 unique medical patients in 2023.Elica Arden Arcade Wright Street Dental Clinic: Comprehensive Dental and Oral Care, for example: comprehensive exams; composite fillings; x-rays; sealants; cleanings/deep cleanings; extractions; root canals; crowns; dentures (full and partial); fluoride treatment; routine exams including oral cancer screenings. Elica's new dental-only Arden Arcade clinic served 620 unique dental patients once it opened in October of 2023.

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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 $0

Investment Income $0

Other Revenue $59,103

TOTAL REVENUE $59,103

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $337,896

Other Expenses $499,889

TOTAL EXPENSES $499,889

Year-over-Year Comparison

	2023	2022	Change
Revenue	$59,103	$3,018,622	-1.0%
Expenses	$499,889	$220,415	+1.3%
Net Income	$-440,786	$2,798,207	-1.2%

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

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Tatyana Bak	President	0.17	Officer Director	$0	$0	$0
Anthony Ikeda Kolar	Treasurer	0.17	Officer Director	$0	$0	$0
David Hughes	Secretary	0.17	Officer Director	$0	$0	$0
Elizabeth Jackson	Board Member	0.17	Director	$0	$0	$0
Jeanne Reeves	Board member	0.17	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	$59,103	$499,889	$13,357,421	$-440,786
2022	$3,018,622	$220,415	$13,798,207	$2,798,207