CAREWELL HEALTH MEDICAL CENTER (EIN 882651205) - 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

Legal Domicile

Principal Officer

RAMDAS KUMAR

Phone

9737616111

Tax Period

2024-01-01 to 2024-12-31

CAREWELL HEALTH MEDICAL CENTER, founded in 2022, is a small nonprofit in the Health Care sector that reported $112K in total revenue in fiscal year 2024. Expenses of $124K exceeded revenue, resulting in a 10% operating deficit.

Mission

TO ASSURE THE PROVISION OF QUALITY MEDICAL CARE; TO PROMOTE PROFESSIONAL INTERESTS; TO ADVANCE PROFESSIONAL KNOWLEDGE & SKILL; TO SUPPORT COLLECTIVE ACTION OF THE MEDICAL COMMUNITY

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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 $108,667

Program Service Revenue $0

Investment Income $3,593

Other Revenue $0

TOTAL REVENUE $112,260

Expense Breakdown

Grants Paid $0

Salaries & Benefits $16,500

Fundraising Expenses $0

Other Expenses $107,489

TOTAL EXPENSES $123,989

Year-over-Year Comparison

	2024	2023	Change
Revenue	$112,260	$106,110	+0.1%
Expenses	$123,989	$87,969	+0.4%
Net Income	$-11,729	$18,141	-1.6%

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

N/A

Employees

N/A

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

Total Directors

$16,500

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
RAMDAS KUMAR	PRESIDENT	1.00	Director	$7,500	$0	$7,500
CHIRAG PATEL	SECRETART	1.00	Director	$9,000	$0	$9,000

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	$112,260	$123,989	$176,754	$-11,729
2023	$106,110	$87,969	$188,482	$18,141

CAREWELL HEALTH MEDICAL CENTER