CLEARSHARE HEALTH (EIN 882396474) - 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

2022

Principal Officer

DOUGLAS R SHERMAN

Phone

5125505870

Tax Period

2024-01-01 to 2024-12-31

CLEARSHARE HEALTH, founded in 2022, is a community nonprofit in the Religion sector that reported $7.9M in total revenue in fiscal year 2024. Revenue surged 42% from the prior year, signaling strong growth momentum. Expenses of $9.3M exceeded revenue, resulting in a 18% operating deficit.

Mission

CLEARSHARE HEALTH'S MISSION IS TO SUPPORT INDIVIDUALS WHO SHARE A SIMILAR FAITH IN A HIGHER POWERS LOVE FOR PEOPLE AND CARE FOR THE QUALITY OF HEALTHCARE PROVIDED TO FAMILIES AND INDIVIDUALS.

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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 $0

Program Service Revenue $7,910,822

Investment Income $0

Other Revenue $0

TOTAL REVENUE $7,910,822

Expense Breakdown

Grants Paid $0

Salaries & Benefits $68,199

Fundraising Expenses $0

Program Expenses $9,130,750

Other Expenses $9,266,925

TOTAL EXPENSES $9,335,124

Year-over-Year Comparison

	2024	2023	Change
Revenue	$7,910,822	$5,567,322	+0.4%
Expenses	$9,335,124	$4,999,878	+0.9%
Net Income	$-1,424,302	$567,444	-3.5%

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

N/A

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

$62,500

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DOUGLAS R SHERMAN	MANAGER	1.00	Officer	$0	$0	$0
THAD PUCKETT	PRESIDENT	1.00	Officer	$0	$0	$62,500
TOMMY JONES	BOARD MEMBER	1.00	Director	$0	$0	$0
CARA MCDONALD	BOARD MEMBER	1.00	Director	$0	$0	$0
STACEY KOEHN	BOARD MEMBER	1.00	Director	$0	$0	$0
AMANDA SOHANEY	SECRETARY	1.00	Officer	$0	$0	$0
DONALD COLLIS	TREASURER	1.00	Officer	$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	$7,910,822	$9,335,124	$795,208	$-1,424,302
2023	$5,567,322	$4,999,878	$2,135,522	$567,444
2022	$950,853	$442,544	$687,518	$508,309

CLEARSHARE HEALTH