FAMILYCARE INC

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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

1984

Legal Domicile

Principal Officer

JEFFREY HEATHERINGTON

Phone

5034712103

Tax Period

2023-01-01 to 2023-12-31

FAMILYCARE INC, founded in 1984, is a community nonprofit in the Health Care sector that reported $4.1M in total revenue in fiscal year 2023. Revenue surged 38% from the prior year, signaling strong growth momentum. The organization ran a surplus of $2.8M, a strong 67% operating margin.

Mission

TO PROVIDE PROGRAMS OF COOPERATIVE AND COMPREHENSIVE HEALTHCARE TO THE COMMUNITY.

Program Service Accomplishments

Program 1

Expenses: $739,495 Revenue: $376,470

FAMILYCARE SUPPORTS HEALTHCARE COMMUNITIES THROUGH CONTRIBUTIONS AND ADVOCACY. PRIOR TO 2019, FAMILYCARE INC. PROVIDED COMPREHENSIVE AND COOPERATIVE HEALTH CARE TO MEMBERS ACCORDING TO THE TERMS OF A CONTRACT WITH THE OREGON HEALTH PLAN/MEDICAID (THE CONTRACT). THE CONTRACT WITH THE OREGON HEALTH PLAN/MEDICAID ENDED JANUARY 31, 2018. APPROXIMATELY 106,000 MEMBERS WERE UNDER THE CONTRACT. SINCE THE END OF THE CONTRACT, FAMILYCARE INC. HAS BEEN WINDING DOWN THE COOPERATIVE HEALTH CARE OPERATIONS AS IT SATISFIES REMAINING OBLIGATIONS UNDER THE CONTRACT. THESE OBLIGATIONS INCLUDE, AMONG OTHER THINGS, CLAIMS RUNOUT, MAINTENANCE OF INSURANCE, SYSTEM MAINTENANCE, RECORDKEEPING AND REPORTING, FOR TIME PERIODS SPECIFIED IN THE CONTRACT WHICH EXTEND UP TO 10 YEARS AFTER THE CONTRACT END DATE. (CONTINUED ON SCH O) FAMILYCARE INC. RECEIVES NO ADDITIONAL COMPENSATION UNDER THE CONTRACT FOR THESE OBLIGATIONS AFTER THE CONTRACT END DATE.

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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 (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $322,300

Investment Income $3,752,629

Other Revenue $54,170

TOTAL REVENUE $4,129,099

Expense Breakdown

Grants Paid $132,391

Salaries & Benefits $630,388

Fundraising Expenses $0

Program Expenses $739,495

Other Expenses $588,466

TOTAL EXPENSES $1,351,245

Year-over-Year Comparison

	2023	2022	Change
Revenue	$4,129,099	$2,996,263	+0.4%
Expenses	$1,351,245	$4,680,581	-0.7%
Net Income	$2,777,854	$-1,684,318	-2.6%

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

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

$308,141

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JEFFREY HEATHERINGTON	EX-OFFICIO	35.00	Officer	$249,137	$59,004	$308,141
ARTUR SUCHORZEWSKI	DIRECTOR, GOVT AFFAIRS	39.00	Highest	$160,119	$43,546	$203,665
ROBIN RICHARDSON DO	CHAIR	1.00	Officer Director	$0	$0	$0
BOB CARUS	TREASURER/SECRETARY	1.00	Officer Director	$0	$0	$0
CARL ERICKSON DO	BOARD MEMBER	1.00	Director	$0	$0	$0
JOE HROMCO PHD	BOARD MEMBER	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	$4,129,099	$1,351,245	$107,260,481	$2,777,854
2022	$2,996,263	$4,680,581	$103,719,838	$-1,684,318
2021	$28,007,500	$27,874,865	$129,470,681	$132,635
2020	$15,225,946	$5,493,461	$100,087,421	$9,732,485
2019	$4,014,424	$7,783,730	$93,794,441	$-3,769,306
2018	$71,959,616	$79,978,251	$93,145,656	$-8,018,635