QueensCare (EIN 951644040) - 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

1936

Legal Domicile

Principal Officer

Erin Jackson-Ward

Phone

3236694305

Tax Period

2024-07-01 to 2025-06-30

QueensCare, founded in 1936, is a community nonprofit in the Health Care sector that reported $8.6M in total revenue in fiscal year 2024. Revenue fell 34% from the prior year — a significant decline worth monitoring. Expenses of $23.2M exceeded revenue, resulting in a 170% operating deficit.

Mission

QueensCare's mission is to provide, directly and in collaboration with others, accessible quality healthcare for low-income individuals and families residing in Los Angeles County.

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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 $1,710

Program Service Revenue $0

Investment Income $3,790,185

Other Revenue $4,788,789

TOTAL REVENUE $8,580,684

Expense Breakdown

Grants Paid $9,053,430

Salaries & Benefits $2,429,994

Fundraising Expenses $0

Program Expenses $18,978,332

Other Expenses $11,723,843

TOTAL EXPENSES $23,207,267

Year-over-Year Comparison

	2024	2023	Change
Revenue	$8,580,684	$13,034,036	-0.3%
Expenses	$23,207,267	$20,883,184	+0.1%
Net Income	$-14,626,583	$-7,849,148	+0.9%

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

$1,061,416

Total Directors

$72,500

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Allan Michelena	Director	2.00	Director	$4,000	$0	$5,500
Alan Cushman	Chair	10.00	Officer Director	$10,750	$0	$10,750
Bettie J Woods	Director	2.00	Director	$5,750	$0	$6,250
Denise Partamian Forgette	Director	2.00	Director	$8,250	$0	$9,750
Edward Avila	Director	2.00	Director	$5,500	$0	$5,500
Barry Peterson	Secretary	10.00	Officer Director	$3,500	$0	$3,500
Frances Inman	Vice Chair	10.00	Officer Director	$6,500	$0	$6,500
Haley English	Director	2.00	Director	$3,750	$0	$3,750
Javier Guerena	Director	2.00	Director	$7,000	$0	$8,500
Jeff Hermann	Director	2.00	Director	$0	$0	$0
Joseph Bui	Director	2.00	Director	$0	$0	$0
Rev Michael Mata	Director	2.00	Director	$3,750	$0	$3,750
Steven Aronoff	Director	2.00	Director	$6,250	$0	$6,250
Anna Sivak	Director	2.00	Director	$2,500	$0	$2,500
Barbara B Hines	CEO	40.00	Officer	$568,468	$49,225	$617,693
Faith Lee	Chief Financial Officer	40.00	Officer	$232,175	$36,210	$268,385
Simidyan Araksi	Chief Innovation & Adm. Officer	40.00	Officer	$131,559	$23,029	$154,588
Santa F Russell	Parish Nurse	40.00	Highest	$130,127	$8,581	$138,708
Ana E Murillo	Parish Nurse	40.00	Highest	$133,975	$8,716	$142,691
Maryam Sesay	Director of Operations	40.00	Highest	$141,289	$17,176	$158,465
Cristina Sandoval	Mental Health Program Manager	40.00	Highest	$126,728	$14,549	$141,277
Quynh T Duong	Optometrist	40.00	Highest	$148,866	$18,395	$167,261

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
2025	$8,580,684	$23,207,267	$407,103,255	$-14,626,583
2024	$13,034,036	$20,883,184	$496,164,000	$-7,849,148
2023	$12,138,784	$19,562,827	$458,003,000	$-7,424,043
2022	$11,385,382	$20,954,823	$440,790,264	$-9,569,441
2021	$18,731,958	$18,483,236	$480,928,333	$248,722
2020	$11,688,953	$19,182,007	$414,197,762	$-7,493,054
2019	$12,360,643	$19,966,000	$415,731,432	$-7,605,357
2018	$11,654,526	$19,696,896	$407,190,264	$-8,042,370

QueensCare