LTE CARE PLUS INC

EIN: 922628071 501(c)(3) Human Services

Great Neck, NY

Total Revenue
$1,330,424
Total Expenses
$1,123,734
Total Assets
$1,537,878
Net Assets
$217,721
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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
2023
Legal Domicile
NY
Principal Officer
Lucy Taylor
Tax Period
2024-01-01 to 2024-12-31

LTE CARE PLUS INC, founded in 2023, is a community nonprofit in the Human Services sector that reported $1.3M in total revenue in fiscal year 2024. The organization ran a surplus of $207K, a strong 16% operating margin.

Mission

LTE Care Plus delivers community-based services focused on comprehensive care coordination and specialized programs to support individuals with intellectual and developmental disabilities.

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $1,330,424
Investment Income $0
Other Revenue $0
TOTAL REVENUE $1,330,424

Expense Breakdown

Grants Paid $0
Salaries & Benefits $759,602
Fundraising Expenses $0
Program Expenses $599,541
Other Expenses $364,132
TOTAL EXPENSES $1,123,734

Year-over-Year Comparison

2024 2023 Change
Revenue $1,330,424 N/A N/A
Expenses $1,123,734 $9,369 +118.9%
Net Income $206,690 $-9,369 -23.1%
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

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Governance

Voting Members
3
Independent Members
2
Employees
44
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
1
$300,000
Total Directors
2
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ZHI LIU DIRECTOR 5.00
Director
$0 $0 $0
XIAOYA QIN DIRECTOR 5.00
Director
$0 $0 $0
Lucy Taylor CEO 40.00
Officer
$81,292 $218,708 $300,000
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 $1,330,424 $1,123,734 $1,537,878 $206,690
2024 No data No data No data No data
2023 No data $9,369 $11,031 No data
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