CO-CARE INC (EIN 237382256) - 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

1983

Legal Domicile

Principal Officer

BARBARA KUEHN SCHUMACHER

Phone

9204484544

Tax Period

2024-01-01 to 2024-12-31

CO-CARE INC, founded in 1983, is a small nonprofit in the Housing & Shelter sector that reported $811K in total revenue in fiscal year 2024. The organization ran a surplus of $124K, a strong 15% operating margin.

Mission

THE ORGANIZATION PROVIDES LOW INCOME HOUSING FOR THE ELDERLY.

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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 $11,321

Program Service Revenue $765,811

Investment Income $-3,921

Other Revenue $37,971

TOTAL REVENUE $811,182

Expense Breakdown

Grants Paid $0

Salaries & Benefits $249,095

Fundraising Expenses $0

Program Expenses $560,286

Other Expenses $438,070

TOTAL EXPENSES $687,165

Year-over-Year Comparison

	2024	2023	Change
Revenue	$811,182	$758,457	+0.1%
Expenses	$687,165	$634,800	+0.1%
Net Income	$124,017	$123,657	+0.0%

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

$63,696

Total Directors

$63,696

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BERNARD ERICKSON	PRESIDENT	1.00	Officer Director	$0	$0	$0
GREG GLOE	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
JIM FRINK	BOARD MEMBER	0.50	Director	$0	$0	$0
MARY ANN DANIEL	DIRECTOR	0.50	Director	$0	$0	$0
MIKE RATACHIC	DIRECTOR	0.50	Director	$0	$0	$0
DONNA JANSEN	DIRECTOR	0.50	Director	$0	$0	$0
MARY RATHER	DIRECTOR	0.50	Director	$0	$0	$0
LEAH WEYCKER	DIRECTOR	0.50	Director	$0	$0	$0
BARBARA KUEHN SCHUMACHER	SECRETARY/MANAGER	40.00	Officer Director	$63,696	$0	$63,696

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	$811,182	$687,165	$833,802	$124,017
2023	$758,457	$634,800	$782,850	$123,657
2022	$732,004	$622,219	$835,063	$109,785
2021	$756,760	$587,922	$902,486	$168,838
2020	$732,493	$588,093	$911,366	$144,400
2019	$724,034	$586,159	$942,585	$137,875
2018	$709,350	$563,329	$967,087	$146,021

CO-CARE INC