WASHINGTON CARE SERVICES (EIN 910506306) - 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

2004

Legal Domicile

Principal Officer

DANIEL J FALLON

Phone

2067252800

Tax Period

2022-01-01 to 2022-12-31

WASHINGTON CARE SERVICES, founded in 2004, is a community nonprofit that reported $3.1M in total revenue in fiscal year 2022. Revenue surged 13528% from the prior year, signaling strong growth momentum. The organization ran a surplus of $2.4M, a strong 77% operating margin.

Mission

TO MEET THE AGING & HEALTHCARE RELATED NEEDS OF OUR MULTI-CULTURAL COMMUNITY WITH DIGNITY & RESPECT - WITHOUT REGARD TO ECONOMIC CIRCUMSTANCES.

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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 (2022)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $0

Investment Income $0

Other Revenue $3,100,020

TOTAL REVENUE $3,100,020

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,844

Fundraising Expenses $0

Program Expenses $0

Other Expenses $698,559

TOTAL EXPENSES $700,403

Year-over-Year Comparison

	2022	2021	Change
Revenue	$3,100,020	$22,748	+135.3%
Expenses	$700,403	$94,343	+6.4%
Net Income	$2,399,617	$-71,595	-34.5%

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

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

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DAN FALLON	GOVERNOR	8.00	Officer 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
2022	$3,100,020	$700,403	No data	$2,399,617
2021	$22,748	$94,343	$1,868,472	$-71,595
2020	$3,197,340	$4,007,005	$1,622,582	$-809,665
2019	$12,815,896	$14,889,625	$4,251,818	$-2,073,729
2018	$13,868,849	$14,672,790	$4,497,601	$-803,941

WASHINGTON CARE SERVICES