GOCARE INC (EIN 912143816) - 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

2001

Legal Domicile

Principal Officer

MICHELLE CEKOV

Phone

8052754366

Tax Period

2022-07-01 to 2023-06-30

GOCARE INC, founded in 2001, is a small nonprofit in the International Affairs sector that reported $303K in total revenue in fiscal year 2022. Revenue surged 58% from the prior year, signaling strong growth momentum. Expenses of $1.7M exceeded revenue, resulting in a 448% operating deficit.

Mission

THE ORGANIZATION'S PRIMARY PURPOSE IS TO SUSTAINABLY REDUCE EXTREME POVERTY BY EMPOWERING PEOPLE THROUGH EDUCATIONAL AND ECONOMIC DEVELOPMENT PROGRAMS.

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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 $5,479

Program Service Revenue $1,758

Investment Income $259,472

Other Revenue $35,966

TOTAL REVENUE $302,675

Expense Breakdown

Grants Paid $1,268,171

Salaries & Benefits $124,353

Fundraising Expenses $0

Program Expenses $1,545,403

Other Expenses $265,231

TOTAL EXPENSES $1,657,755

Year-over-Year Comparison

	2022	2021	Change
Revenue	$302,675	$191,880	+0.6%
Expenses	$1,657,755	$424,499	+2.9%
Net Income	$-1,355,080	$-232,619	+4.8%

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

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

$44,000

Total Directors

$44,000

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MICHELLE CEKOV	PRESIDENT	21.00	Officer Director	$44,000	$0	$44,000
STEPHANIE CEKOV	DIRECTOR	1.00	Director	$0	$0	$0
TERRY DINNEEN	DIRECTOR	1.00	Director	$0	$0	$0
STEVEN KLINGER	TREASURER	2.00	Officer Director	$0	$0	$0
CONNIE LINDSAY	DIRECTOR	1.00	Director	$0	$0	$0
DAVID LINDSAY	SECRETARY	2.00	Officer Director	$0	$0	$0
PAMELA LINDSAY	VICE PRESIDE	2.00	Officer Director	$0	$0	$0
PAMELA MARTENS	DIRECTOR	1.00	Director	$0	$0	$0
JANE MCCLENAHAN	DIRECTOR	1.00	Director	$0	$0	$0
JEANNETTE PEREZ STEVENS	DIRECTOR	1.00	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	$302,675	$1,657,755	$7,880,085	$-1,355,080
2022	$191,880	$424,499	$8,408,436	$-232,619
2021	$24,592	$437,458	$9,539,890	$-412,866
2020	$151,640	$435,289	$8,573,671	$-283,649
2019	$234,068	$451,520	$8,283,963	$-217,452
2018	$453,391	$463,571	$8,498,315	$-10,180

GOCARE INC