MILLENNIUM ADULT HEALTH CARE INC (EIN 954715395) - Form 990 Financial Analysis & Trantor Score

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

2012

Legal Domicile

Principal Officer

CHIA LING CHEN

Phone

6263563838

Tax Period

2023-01-01 to 2023-12-31

MILLENNIUM ADULT HEALTH CARE INC, founded in 2012, is a community nonprofit in the Human Services sector that reported $1.6M in total revenue in fiscal year 2023. Revenue fell 29% from the prior year — a significant decline worth monitoring. Expenses of $1.8M exceeded revenue, resulting in a 14% operating deficit.

Mission

The Corporation is organized for the purposes of providing adult health care for seniors and disabled adults who are financially unable to procure the type of health care required by their disablement.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $1,598,407

Investment Income $7,455

Other Revenue $0

TOTAL REVENUE $1,605,862

Expense Breakdown

Grants Paid $0

Salaries & Benefits $884,291

Fundraising Expenses $0

Program Expenses $1,822,349

Other Expenses $951,363

TOTAL EXPENSES $1,835,654

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,605,862	$2,263,995	-0.3%
Expenses	$1,835,654	$1,879,025	0.0%
Net Income	$-229,792	$384,970	-1.6%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

N/A

Employees

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

$240,000

Total Directors

$240,000

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CHIA LING CHEN	CEO	40.00	Officer Director	$240,000	$0	$240,000
YA CHEN PENG	Secretary	2.00	Officer Director	$0	$0	$0
LINGYING HWANG	CFO	2.00	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
2025	No data	No data	No data	No data
2024	No data	No data	No data	No data
2023	$1,605,862	$1,835,654	$1,093,532	$-229,792
2022	$2,263,995	$1,879,025	$1,323,324	$384,970
2021	$2,289,551	$1,844,704	$946,265	$444,847
2020	$1,818,997	$1,452,685	$527,269	$366,312
2019	$1,787,326	$1,693,906	$199,446	$93,420
2018	$1,630,708	$1,624,076	$165,433	$6,632
2018	$1,630,708	$1,632,270	$157,239	$-1,562

MILLENNIUM ADULT HEALTH CARE INC