SHARED CARE SERVICES

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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

2007

Legal Domicile

Principal Officer

KARI RENNIE

Phone

7342952220

Tax Period

2024-05-01 to 2025-04-30

SHARED CARE SERVICES, founded in 2007, is a small nonprofit in the Health Care sector that reported $773K in total revenue in fiscal year 2024. Revenue decreased 9% compared to the prior year.

Mission

IT IS THE MISSION OF THE EVANGELICAL HOMES OF MICHIGAN, A HEALTH AND HUMAN SERVICE MINISTRY RELATED TO THE UNITED CHURCH OF CHRIST, TO PROVIDE HEALTH AND HOUSING SERVICES TO PERSONS WHO ARE ELDERLY IN A MANNER WHICH RESPECTS THEIR RIGHTS, DIGNITY AND WORTH AS CHILDREN OF GOD AND TO RENDER THOSE SERVICES WITH COMPASSION AND PATIENCE IN ACCORDANCE WITH THE HIGHEST PROFESSIONAL AND ETHICAL STANDARDS.

Program Service Accomplishments

Program 1

Expenses: $687,607 Revenue: $772,969

TO PROVIDE HOME CARE PRIVATE DUTY IN CLIENT HOMES.

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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 $0

Program Service Revenue $772,969

Investment Income $104

Other Revenue $84

TOTAL REVENUE $773,157

Expense Breakdown

Grants Paid $0

Salaries & Benefits $689,073

Fundraising Expenses $0

Program Expenses $687,607

Other Expenses $107,237

TOTAL EXPENSES $796,310

Year-over-Year Comparison

	2024	2023	Change
Revenue	$773,157	$846,425	-0.1%
Expenses	$796,310	$901,466	-0.1%
Net Income	$-23,153	$-55,041	-0.6%

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

$397,166

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
THOMAS A HOSINSKI	CHIEF EXECUTIVE OFFICER (TIL 9/24)	2.00	Officer	$0	$10,171	$280,397
JULIE A WIEWIORA	CHIEF FINANCIAL OFFICER (TIL 5/24)	2.00	Officer	$0	$6,104	$99,942
KARI RENNIE	CHIEF EXECUTIVE OFFICER (START 3/25)	2.00	Officer	$0	$0	$0
STEVE HOLDA	CHIEF FINANCIAL OFFICER (START 11/24)	2.00	Officer	$0	$0	$16,827
REV JAMES CURENTON	BOARD CHAIR	0.53	Officer Director	$0	$0	$0
REV LINDA ANDERSON	VICE CHAIR	0.23	Officer Director	$0	$0	$0
JIM MANGI	TREASURER	0.01	Officer Director	$0	$0	$0
REV CHARITY OMARTUIAN	SECRETARY	0.53	Officer Director	$0	$0	$0
REV DR ED BRAY	DIRECTOR	0.01	Director	$0	$0	$0
REV DR GEOFFREY DRUTCHAS	DIRECTOR	0.01	Director	$0	$0	$0
MARGHERITA FISHER	DIRECTOR	0.01	Director	$0	$0	$0
REV DR HERMAN HALLER	DIRECTOR	0.01	Director	$0	$0	$0
ANGELA JAMISON	DIRECTOR	0.01	Director	$0	$0	$0
MARILYN PEARSON	DIRECTOR	0.01	Director	$0	$0	$0
REV CASE VAN KEMPEN	DIRECTOR	0.01	Director	$0	$0	$0
DR PAUL T VON OEYEN	DIRECTOR	0.01	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	$773,157	$796,310	$33,699	$-23,153
2024	$846,425	$901,466	$49,467	$-55,041
2023	$1,107,345	$1,364,038	$16,357	$-256,693
2022	$1,166,887	$1,077,440	$315,509	$89,447
2021	$1,111,274	$1,099,499	$269,988	$11,775
2020	$1,220,426	$1,190,248	$178,165	$30,178
2019	$1,231,669	$1,422,421	$54,713	$-190,752
2018	$1,655,368	$1,850,005	$152,925	$-194,637